Explore

Trendline Trendline
Inflation Surge to 3-Year High Raises Concerns for Mortgage Rates

Inflation Surge to 3-Year High Raises Concerns for Mortgage Rates

Inflation Surge to 3-Year High Raises Concerns for Mortgage Rates
Reuters Reuters
Australia's tax reforms expected to knock some heat out of housing

Australia's tax reforms expected to knock some heat out of housing

SYDNEY, May 12 (Reuters) - Australia's government expects its ambitious reforms to the way it taxes property investments to take some of the immediate heat out of one of the world's least affordable housing markets.
Reuters Reuters
NZ trims new spending, sticks to surplus path as global risks heighten

NZ trims new spending, sticks to surplus path as global risks heighten

By Lucy Craymer and Renju Jose WELLINGTON, May 13 (Reuters) - New Zealand will keep a tight rein on day-to-day spending in this year's budget while increasing capital investment to strengthen infrastructure, defence and energy resilience, Prime Minister Christopher Luxon said in a pre-Budget speech
Reuters Reuters
Commonwealth Bank shares slump on tax changes, provisions; Australian lenders fall

Commonwealth Bank shares slump on tax changes, provisions; Australian lenders fall

By Scott Murdoch and Rajasik Mukherjee May 13 (Reuters) - Shares of Australia's largest mortgage lender, Commonwealth Bank of Australia (CBA), dropped 9% on Wednesday after it set aside A$200 million more in provisions to prepare for risks linked to the Middle East conflict and investors reacted to
Reuters Reuters
Brazil's April inflation matches forecasts despite growing external risks

Brazil's April inflation matches forecasts despite growing external risks

SAO PAULO, May 12 (Reuters) - Brazil's inflation was in line with market expectations in April, official data showed on Tuesday, with the 12-month rate remaining within the central bank's target range even as policymakers warn of risks from the Middle East conflict.
Reuters Reuters
BoE to hold rates at 3.75% this year, but growing minority expect a hike: Reuters Poll

BoE to hold rates at 3.75% this year, but growing minority expect a hike: Reuters Poll

By Devayani Sathyan and Jonathan Cable BENGALURU/LONDON, May 13 (Reuters) - The Bank of England will hold borrowing costs at 3.75% this year, a Reuters poll of economists found, though over a third expect at least one rate hike as the Iran war fuels an energy price surge that drove up inflation
Reuters Reuters
Trump Organization drops plan for first Australian skyscraper, blames partner

Trump Organization drops plan for first Australian skyscraper, blames partner

SYDNEY, May 13 (Reuters) - The Trump Organization said on Wednesday it abandoned a plan to build its first tower in Australia less than three months after signing the deal, citing an Australian partner's failure to meet certain financial obligations.
Trendline Trendline
Inflation Reaches 3-Year High, Impacting Mortgage Rates and Housing Market

Inflation Reaches 3-Year High, Impacting Mortgage Rates and Housing Market

Inflation Reaches 3-Year High, Impacting Mortgage Rates and Housing Market
Reuters Reuters
Morning Bid: Locked in a stalemate with Iran, Trump heads to China

Morning Bid: Locked in a stalemate with Iran, Trump heads to China

A look at the day ahead in European and global markets from Gregor Stuart Hunter With the conflict in the Middle East still mired in a stalemate, Donald Trump is on his way to Beijing to see if Chinese President Xi Jinping proves more amenable to a deal.
Reuters Reuters
Australia seeks reform, inflation restraint in budget balancing act

Australia seeks reform, inflation restraint in budget balancing act

By Stella Qiu SYDNEY, May 11 (Reuters) - Australia is expected to deliver a smaller than initially forecast budget deficit this week as the government banks revenue windfalls from higher commodity prices, while aiming to deliver politically risky reforms without worsening inflation.
Reuters Reuters
Dollar steady as Middle East peace hopes recede

Dollar steady as Middle East peace hopes recede

By Ankur Banerjee SINGAPORE, May 12 (Reuters) - The U.S. dollar held its ground on Tuesday as talks to end the war in the Middle East showed no signs of progress, pushing oil prices higher and worrying investors that interest rates may need to stay higher to tackle inflationary pressures.
Reuters Reuters
Australia business confidence shaken as costs climb, survey shows

Australia business confidence shaken as costs climb, survey shows

SYDNEY, May 12 (Reuters) - Australian business confidence remained mired in gloom in April, a survey showed on Tuesday, as spiking energy costs from the Middle East war squeezed profit margins and pressured investment plans.