Accountancy news

• ASX to slip, Wall Street sinks on US-China tension and economic uncertainty

  02-08-2022 23:46 via abc.net.au
  
  Australian shares are expected to open lower, as ongoing economic uncertainty and flaring US-China tensions — with the arrival of US House of Representatives Speaker Nancy Pelosi in Taiwan — weighed on global market sentiment.
  
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• ASX slips, Wall Street sinks on US-China tension and economic uncertainty

  02-08-2022 23:46 via abc.net.au
  
  Australian shares have clawed back most of their early losses, as ongoing economic uncertainty and flaring US-China tensions — with the arrival of US House of Representatives Speaker Nancy Pelosi in Taiwan — weighed on global markets.
  
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• ASX slips as US-China tensions mount, amid warnings of 'severe' economic downturn

  02-08-2022 23:46 via abc.net.au
  
  The ASX 200 claws back much of its early losses as retail sales jump to a record high, the Australian dollar sinks below 70 US cents despite the Reserve Bank's rate hike and BHP boosts its nickel exploration to take advantage of an electric vehicle boom.
  
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• ASX falls sharply, Wall Street sinks on US-China tension and economic uncertainty

  02-08-2022 23:46 via abc.net.au
  
  Australian shares are expected to open lower, as ongoing economic uncertainty and flaring US-China tensions — with the arrival of US House of Representatives Speaker Nancy Pelosi in Taiwan — weighed on global market sentiment.
  
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• Ben Galea is a first-home buyer. But the interest rate rise doesn't worry him. Here's why

  02-08-2022 23:10 via abc.net.au
  
  The Reserve Bank of Australia has once again raised interest rates for the fourth consecutive month, but this 25-year-old Longreach resident has no plans to miss out on life.
  
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• Traditional owners, gas industry still waiting for NT fracking inquiry final report

  02-08-2022 22:38 via abc.net.au
  
  The outcome of a Senate inquiry into a Northern Territory gas field is uncertain following months-long delays and the commencement of a new federal parliament. 
  
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• Gold Coast mayor says 'something isn't right' with Cross River Rail plan

  02-08-2022 22:18 via abc.net.au
  
  Rail analysts say the newly released Cross River Rail network plan will be mostly good news for travellers, but the Gold Coast mayor says the new links are a "disincentive".
  
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• With Iceberg lettuce going for $10, more families are turning to a cheaper, processed diet

  02-08-2022 21:38 via abc.net.au
  
  More Australians are now experiencing mild to moderate food insecurity due to the cost and unavailability of fresh produce, placing pressure on charities and the health system.
  
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• 'At what point does it end?': Skyrocketing cost of living sees more families going hungry

  02-08-2022 21:38 via abc.net.au
  
  More Australians are now experiencing mild to moderate food insecurity due to the cost and unavailability of fresh produce, placing pressure on charities and the health system.
  
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• Borrowers to feel the heat as RBA raises rates again, but new customers get cheaper deals

  02-08-2022 19:40 via abc.net.au
  
  As the economic outlook became more uncertain, lenders are competing harder for new customers, providing a good opportunity for home buyers with large deposits and owners who have paid off a sizeable portion of their property.
  
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• Banks are offering big discounts for lower risk borrowers as house price falls accelerate

  02-08-2022 19:40 via abc.net.au
  
  As the economic outlook became more uncertain, lenders are competing harder for new customers, providing a good opportunity for home buyers with large deposits and owners who have paid off a sizeable portion of their property.
  
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• Stephen King to testify against own publisher in trial over merger

  02-08-2022 11:12 via abc.net.au
  
  As the US Justice Department seeks to convince a judge that a merger between two publishing houses would damage the careers of some of the most popular authors, it is leaning in part on the testimony of a writer who has thrived like few others — Stephen King.
  
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• West Australian FIFO worker sentenced to 10 years in jail for repeatedly raping colleague

  02-08-2022 10:35 via abc.net.au
  
  A FIFO worker will spend at least eight years behind bars for raping a colleague in her home, just weeks after the release of a damning West Australian parliamentary report into sexual harassment and assaults in the mining industry
  
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• WA FIFO worker sentenced to 10 years in jail for repeatedly raping colleague

  02-08-2022 10:35 via abc.net.au
  
  A FIFO worker will spend at least eight years behind bars for raping a colleague in her home, just weeks after the release of a damning WA parliamentary report into sexual harassment and assaults in the mining industry
  
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• More building companies to 'topple over', as display home giant Metricon sheds staff to survive

  02-08-2022 10:27 via abc.net.au
  
  One of the nation's most prominent home builders is set to shed almost a tenth of its workforce, as concerns continue about Australia's construction industry.
  
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• Moving NRL grand final from Sydney over stadiums row would be 'extraordinary move', Minister says

  02-08-2022 07:39 via abc.net.au
  
  NSW Sports Minister Stuart Ayres says the state government has spent $1.5 billion on projects that "massively benefits" the NRL, and thinks it will "do the right thing" in keeping the grand final in Sydney.
  
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• Solomon Islands takes control of national broadcaster with gag on anti-government news

  02-08-2022 07:01 via abc.net.au
  
  In its latest crackdown on press freedoms, the government seizes editorial control of Solomon Islands Broadcasting Corporation, ordering the organisation to censor stories portraying the government in a negative light.
  
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• 'It's happening right before our eyes': Solomon Islands orders national broadcaster to gag anti-government news

  02-08-2022 07:01 via abc.net.au
  
  In its latest crackdown on press freedoms, the government seizes editorial control of Solomon Islands Broadcasting Corporation, ordering the organisation to censor stories portraying the government in a negative light.
  
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• How much extra could your mortgage repayments cost now that the cash rate is 1.85 per cent?

  02-08-2022 06:54 via abc.net.au
  
  Tell us your loan size, term and interest rate and our mortgage rate rise calculator will work out how much extra you may have to pay on your loan.
  
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• Reserve Bank says it will do 'what is necessary' to tame inflation as it raises rates for fourth-straight month

  02-08-2022 06:31 via abc.net.au
  
  The Reserve Bank increases interest rates for the fourth month in a row, raising its cash rate target by half a percentage point.
  
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• Man bought a home last year expecting rates to stay low. The RBA's string of rate rises has left him struggling

  02-08-2022 06:31 via abc.net.au
  
  The Reserve Bank increases interest rates for the fourth month in a row, raising its cash rate target by half a percentage point.
  
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• What does the RBA's latest rate rise mean for you? Our experts unpack it — as it happened

  02-08-2022 05:50 via abc.net.au
  
  The Reserve Bank has raised the cash rate for the fourth time in as many months to curb inflation. Look back at how our experts unpacked what this means for you in our blog.
  
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• Live: What does the RBA's latest rate rise mean for you? Our experts unpack it

  02-08-2022 05:50 via abc.net.au
  
  The Reserve Bank has raised the cash rate for the fourth time in as many months to curb inflation. Our experts answer what it means for you. Follow live.
  
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• Live: RBA expected to increase rates for fourth consecutive month to curb rising inflation

  02-08-2022 05:50 via abc.net.au
  
  The Reserve Bank is tipped to raise the cash rate for the fourth time in as many months to curb inflation. Our experts answer what it means for you. Follow live.
  
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• Government to block billions in potential superannuation that may be owed to public servants

  02-08-2022 05:10 via abc.net.au
  
  Billions of dollars in superannuation payments that may be owed to public servants will be retrospectively blocked by the federal government, as a court considers whether the government will have to pay up.
  
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• Gold Coast, Beenleigh rail users face major changes as Brisbane's Cross River Rail network is revealed

  02-08-2022 01:01 via abc.net.au
  
  Rail commuters will be moving around south-east Queensland very differently from 2025, with the state government releasing plans for a major network shake-up to integrate its $5.4 billion Cross River Rail project.
  
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• Cross River Rail network revealed in $5.4 billion commuter shake-up ahead of Brisbane Olympics

  02-08-2022 01:01 via abc.net.au
  
  Rail commuters will be moving around south-east Queensland very differently from 2025, with the state government releasing plans for a major network shake-up to integrate its $5.4 billion Cross River Rail project.
  
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• ASX set to fall, ahead of Reserve Bank's likely interest rate hike of 0.5 per cent

  02-08-2022 00:10 via abc.net.au
  
  Australian shares are set to fall in morning trade, ahead of the Reserve Bank's widely expected interest rate hike this afternoon that will lead to another sharp rise in mortgage repayments, while Wall Street and oil prices fell overnight as the risk of a US recession curbed risk appetite.
  
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• ASX recovers, Australian dollar sinks as RBA lifts cash rate to six-year high

  02-08-2022 00:10 via abc.net.au
  
  Australian shares have fallen in morning trade, ahead of the Reserve Bank's widely expected interest rate hike this afternoon that will lead to another sharp rise in mortgage repayments, while Wall Street and oil prices fell overnight as the risk of a US recession curbed risk appetite.
  
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• ASX falls ahead of Reserve Bank's likely rate hike of 0.5 percentage points

  02-08-2022 00:10 via abc.net.au
  
  Australian shares have fallen in morning trade, ahead of the Reserve Bank's widely expected interest rate hike this afternoon that will lead to another sharp rise in mortgage repayments, while Wall Street and oil prices fell overnight as the risk of a US recession curbed risk appetite.
  
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• ASX falls ahead of Reserve Bank's likely interest rate hike of 0.5 per cent

  02-08-2022 00:10 via abc.net.au
  
  Australian shares have fallen in morning trade, ahead of the Reserve Bank's widely expected interest rate hike this afternoon that will lead to another sharp rise in mortgage repayments, while Wall Street and oil prices fell overnight as the risk of a US recession curbed risk appetite.
  
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• Bobby bought at the market's peak. He's now reassessing his lifestyle to pay the mortgage

  02-08-2022 00:06 via abc.net.au
  
  After eye-watering property price rises in recent years, house values are now starting to drop, but those who bought at the height are facing a "perfect storm" as interest rates rise.
  
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