With the financial squeeze showing little sign of easing, millions of Australians are depending on their upcoming tax return to help them navigate another tough financial year. According to fresh findings from comparison site Finder, around 47 per cent of Australians are expecting a refund after July 1. But instead…

This marks a shift following two months of strong employment gains and adds weight to the growing expectations that the Reserve Bank of Australia (RBA) may proceed with another interest rate cut in July. According to data released by the Australian Bureau of Statistics (ABS), the unemployment rate held steady…

The S&P ASX 200 index fell 27 points, or 0.3 per cent. The day began with optimism but turned volatile as trade worries re-emerged. Trump’s comments signaled a possible escalation in global tariffs within a fortnight, particularly with China. These fears pulled investor focus away from risk, leading to declines…

With the population expanding faster than output, the country has effectively slipped back into a per capita recession. This is not the first time economic output has failed to keep pace with population growth. Nine out of the last 11 quarters have seen the same trend. Compared to three years…

According to the latest figures from the Australian Bureau of Statistics (ABS), residential construction grew by 7 per cent in the year to March. This included $24.275 billion spent on new home builds in the March quarter alone. However, the scale of growth remains inadequate to reach the goal of…

Author: FeeSynergy Regulatory Background Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act (introduced in 2006) is expanding under Tranche 2 Reforms, which passed on 29th November 2024. These amendments extend compliance obligations to professional service providers such as accountants, lawyers, real estate agents, and trust service providers. Firms must enrol with…

Futures suggest a 22-point, or 0.3 per cent, gain for the ASX at the open. This offers a modest rebound after the local market dipped 0.5 per cent on Thursday. Wall Street provided little clear direction, ending a volatile session with mixed results. The S&P 500 inched down less than…

The figures, released by the Australian Bureau of Statistics, reflect robust labour demand, especially among women. These figures suggest the economy is holding up better than expected. April’s employment growth far exceeded market expectations of just 22,500 new jobs. This surge was driven predominantly by women entering or re-entering the…

This gain came despite lingering concerns over the global economic outlook. Investors were cautiously optimistic following signals from former US President Donald Trump about a forthcoming agreement with Britain. The news helped lift the market after a slow start to the day. The benchmark ASX200 rose by 13.4 points, closing…

More notably, the Reserve Bank of Australia’s (RBA) preferred measure, trimmed mean inflation, decreased to 2.9 per cent. This marks its first return within the RBA’s 2–3 per cent target range since late 2021. This development has bolstered expectations for a potential interest rate cut in the near future. Economists…