Save articles for later Add articles to your saved list and come back to them any time. Australia, once hailed as the land of opportunity and the epitome of a fair go, is witnessing an uncomfortable shift in its socioeconomic landscape. The middle class, once the backbone of the nation, is rapidly diminishing, raising concerns about a potential decline in […]

Save articles for later Add articles to your saved list and come back to them any time. BetaShares, one of Australia’s largest providers of exchange-traded funds (ETFs), has launched Betashares Direct, which allows users to buy and sell units in ETFs listed on the Australian Securities Exchange and the country’s second-largest sharemarket, Cboe Australia. ETFs have become popular with investors, […]

Save articles for later Add articles to your saved list and come back to them any time. How often should I be looking at my super and investments? I used to never look, but I added an app to my phone that shows the balance, and now I find I’m checking every day. Thanks for such a fantastic question. The […]

Save articles for later Add articles to your saved list and come back to them any time. In the grand narrative of work and workforce choices, it’s often the young and ambitious who are credited with driving change. For decades, they have spearheaded revolutions in the way we work, challenging traditional structures and seeking more flexibility in their careers. But, […]

Euro area manufacturing activity shrunk substantially in October due to accelerated contractions in new orders and production, the purchasing managers’ survey results published by S&P Global revealed on Thursday. The HCOB manufacturing Purchasing Managers’ Index, or PMI dropped to a three-month low of 43.1 in October from 43.4 in September. The score was slightly above the flash 43.0. The index […]

Manufacturing activity in the U.S. unexpectedly contracted at a faster rate in the month of October, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its manufacturing PMI fell to 46.7 in October from 49.0 in September, with a reading below 50 indicating a contraction. Economists had expected the index to come in […]

The UK mortgage approvals declined to an eight-month low in September as rising interest rates damped housing market activity, data from the Bank of England showed Monday. Furthermore, data on credit to businesses and consumers suggested that the economy is heading into a mild recession. Net mortgage approvals for house purchases fell to 43,300 in September from 45,400 in August. […]

HSBC Holdings Plc (HSBA.L,HSBC), a British lending major, on Monday reported a surge in pre-tax earnings for the third-quarter of 2023, reflecting a positive impact of a higher interest rate environment and a rise in revenue. In addition, HSBC said: “We also intend to initiate a further share buy-back of up to $3bn, which we expect to commence shortly and […]

In a widely expected move, the Bank of Canada on Wednesday announced that it has decided to leave interest rates unchanged. The Bank of Canada held its target for the overnight rate at 5.0 percent, with the bank rate at 5.25 percent and the deposit rate at 5.0 percent. The Canadian central bank attributed the decision to clearer signs that […]

Save articles for later Add articles to your saved list and come back to them any time. The rally in the US sharemarket this year has been driven by technology shares, but it is faltering, with echoes of the dotcom bust of 2000. We could see share price falls accelerate in coming months with US interest rates expected to remain […]