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Reserve Bank of Australia verhoogt rentes voor derde opeenvolgende vergadering, waardoor ze stijgen naar niveaus van begin 2025. Volg onze Australia news live blog voor de nieuwste updates. Ontvang onze breaking news e-mail, gratis app of dagelijkse nieuwspodcast. De Reserve Bank heeft voor de derde keer op rij een renteverhoging doorgevoerd, in een poging de inflatoire dreiging van hogere brandstofprijzen, gekoppeld aan de voortdurende oorlog tussen de VS en Israël tegen Iran, af te wenden. Een week voor wat de minister van Financiën, Jim Chalmers, tegelijkertijd zijn meest ambitieuze en verantwoordelijke begroting tot nu toe noemt, komt de breed verwachte beslissing om de cash rate te verhogen van 4,1% naar 4,35% te midden van groeiende zorgen over de economische gevolgen van het conflict in het Midden-Oosten. Lees verder...

The Seoul High Court found Kim Keon Hee guilty of manipulating the share price of Deutsch Motors, a South Korean car dealer, which it ruled a "collusive ... trading act constituting market manipulation".

Climate leaders say Democrats need to extol clean energy as a way to cut costs for Americans as war roils oil marketsDemocrats should get louder in championing clean energy’s affordability and resilience from global shocks, according to some of the party’s leading voices on the climate.As the Iran war roils economies by raising the cost of oil and gas, countries are aiming to accelerate their shift to cleaner energy. But in the US, Donald Trump has sought to kill off any alternative to fossil fuels while opposing Democrats have been reluctant to tie the conflict to any action on the climate crisis. Continue reading...

Homebuyers lose confidence amid higher rates and Iran war-linked price rises across the economy, buyers agent saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSurging numbers of homes are being passed in at auction as higher interest rates weigh on demand and the number of properties for sale hits highs not seen since 2021.The national auction clearance rate last week was just under 57%, the lowest this year, with Sydney’s at 55%, Cotality data shows. The remainder includes both houses that did not sell at auction and houses withdrawn before auction. Continue reading...

Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warnFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSurging interest rates and petrol prices have stripped more than $1bn a month from Australian household budgets as economists warn of recession risks.Consumers are preparing for rates to surpass their recent highs after the Reserve Bank delivered back-to-back hikes ahead of an inflation spike driven by the US war on Iran. Continue reading...