The Latest Breaking News from David Bassanese

US authorities 'auction' First Republic Bank to JPMorgan after second biggest bank failure in history

US regional bank First Republic had a little more than $301 billion worth of assets and around 7,000 employees.

ABC News · May 1, 2023

Latest economic figures show Australia’s inflation easing ahead of RBA interest rate decision

The consumer price index for the first three months of 2023 has come in at an annual rate of 7%, down from the 32-year high of 7.8%

The Guardian - AU · Apr 26, 2023

Michael Pascoe: The fallacy at the heart of the Reserve Bank of Australia review

Instead of tackling the fallacy and lie, the review came up with this: 'There should be increased joint work between Treasury and the RBA'.

The New Daily · Apr 21, 2023

Australian coal industry says China market matters less than before, even if import ban ends

Queensland Resources Council says industry would welcome restrictions easing but new long-term customers since found elsewhere in Asia

The Guardian - AU · Jan 5, 2023

Dip in Australia’s inflation rate in October raises hopes price rises may have peaked

Headline CPI rate eases from 7.3% to 6.9%, lower than economists’ expectations, but fuel prices still rose as full excise rate returned

The Guardian - AU · Nov 30, 2022

The Aussie dollar is dropping against the US currency, but it’s not all bad news

A higher US dollar isn't great news for global trade, but some Australian businesses are able to benefit and travellers have reason to smile as well.

ABC News · Oct 4, 2022

Superannuation slips in August, but overall returns are strong

Super returns slipped slightly in August as international share and money markets turned volatile but overall returns are strong.

The New Daily · Sep 21, 2022

Superannuation balances fell last financial year. Here’s what you need to know

Super funds likely delivered their worst performance since the global financial crisis over the year to June 30. But their long-term returns remain healthy.

The New Daily · Jul 4, 2022

Economic View Of The Australian Dollar

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit.  Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government stimulus and a robust pipeline of residential building constructions. 

Benzinga · Jun 29, 2022

Chalmers does not see risk of recession

Treasurer Jim Chalmers says he is not worried about the Australian economy going into recession, but he acknowledges inflation poses a major challenge.

AAP · Jun 7, 2022