Economy

Time running out for cheap money

The Reserve Bank has left the cash rate on hold at 1.5% in July as widely expected. CommSec expects rates to stay on hold throughout the 2017/18 financial year. Auction clearance rates are slowing. Picture: Sarah Matray THE Reserve Bank has kept the official cash rate on hold at 1.5 …

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Economy

Kim’s untouched treasure worth trillions

Author Jieun Baek on her new book, “North Korea’s Hidden Revolution,” and the stories of defectors who escaped the Kim dictatorship. Photo: N/A North Korean leader Kim Jong-un pictured inspecting a test-fire of a ballistic missile at an undisclosed location in North Korea in May. Picture: KNCA/AFP IT HAS long …

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Economy

Economy heading for ‘apocalypse’

Joe Hildebrand talks about the winners and losers of the 2017 budget with news.com.au’s national political editor Malcolm Farr We could be on the bring of another Great Depression with one expert predicting Australia has missed its chance to avoid an ‘economic apocalypse’. Picture: Michael Nagle/Bloomberg AUSTRALIA has missed its …

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Economy

Man made millions for Nth Korea

North Korea has one of the most closed off economies in the world with little to no reliable data available on official financial figures, so how does it make its money? Ri Jong-ho has revealed how he sent millions of dollars from China to Beijing. Picture: Screengrab/The Washington Post A …

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Economy

How much is $1 actually worth?

A look at the purpose and processes of mutilated currency redemption. The RBA is refusing to redeem damaged currency imported from overseas. HOW much is a dollar worth? If it falls between the car seat cushions, or it gets lost in the washing machine, it’s worth big bucks to Ronnie …

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Economy

‘A disaster for family budgets’

Australian homes got a massive price hike for gas and electricity in July and things look to get ever worse. What’s causing the rise in our power bills and is there anything being done about it? Your electricity bills are too high. You know it, we know it, and apparently …

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Economy

‘Gravity catching up to stupidity’

A ‘for sale’ sign in Woollahra. Photographer: Brendon Thorne/Bloomberg via Getty Images HOME building will further slow amid signs that “gravity may soon start to catch up with stupidity” in the Australian property market, according to Deloitte. The financial firm also believes that the unprecedented scale of household debt due …

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Economy

Get ready for interest rate hikes

James Austin, Chief Financial Officer from loans.com.au explains why the interest rates have remained unchanged at 1.5%. Investor activity took off in the second half of 2016. Picture: Brianne Makin THE Reserve Bank has left the official cash rate on hold at 1.5 per cent in its first meeting of …

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Economy

How Trump can pay for his border wall

President Donald Trump, in a speech at a GOP retreat in Philadelphia Thursday, said meeting with Mexico’s president would be “fruitless” amid a dispute over Trump’s insistence that Mexico pay for a border wall. Photo: AP US President Donald Trump. Pic: AFP EVERYONE has been wondering how Donald Trump will …

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Economy

‘Free ride’ over for young Aussies

Mathias Cormann has indicated the government is willing to negotiate the passage of its childcare reforms. People aged under 25 won’t be able to get Newstart allowance under planned changes introduced to parliament today. YOUNG people will not be able to get unemployment benefits until they turn 25 under reforms …

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