Australia’s AGL posts lower profit as cost-of-living concerns curb price rises
Australia's top power producer AGL Energy posted a drop in half-year profit and narrowed its earnings forecast on Wednesday as cost-of-living concerns forced it to absorb higher electricity costs ...
Australian Dollar gains ground on USD softness
On the domestic front, Australia’s Q4 Consumer Price Index (CPI) showed headline inflation at 2.5% YoY, down from 2.8%, and a trimmed mean CPI at a three-year low of 3.2%.
Australian Dollar recovers amid weak USD
The Australian Dollar (AUD) bounces back strongly to near 0.6290 after a weak opening around 0.6235 on Monday. The AUD/USD ...
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Inflation Shock: The Unexpected Winners and Losers of Rising Prices
The Australian government is touting its success in bringing inflation under control, with the Consumer Price Index (CPI) rising just 2.4% over the past year. Yet, for many Australians, the reality of ...
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Challenger’s mission to redefine retirement income in Australia
Challenger is on a mission to redefine retirement income for Australians, celebrating almost 40 years of helping Australians ...
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Interest rate cuts, lower inflation, trade shifts – will Australia’s economy find its stride in 2025?
Australian households and businesses should benefit from lower interest rates and improved market conditions, in what a University of South Australia economist predicts will be a year of recovery for ...