A magnitude 6.4 earthquake struck near Port-Olry on Vanuatu’s Espiritu Santo at about 10 km depth on Saturday; tsunami monitors reported no threat for Vanuatu.
Westpac MI consumer sentiment eased to 90.5 in February after the RBA lifted the policy rate to 3.85%, with mortgage rate expectations hitting a June 2023 high.
Business
Westpac MI consumer sentiment eased to 90.5 in February after the RBA lifted the policy rate to 3.85%, with mortgage rate expectations hitting a June 2023 high.
CEFC commits up to A$60m for discounted EV loans via Hyundai Capital Australia, cutting rates 0.5 to 1.0 points for electric cars under the LCT price threshold.
Gold surged to a record $3,963 as market demand soared amid global instability and US policy uncertainty, reinforcing its safe-haven status.
OPEC+ confirms a 137000 bpd oil production increase effective November 2025 as member nations coordinate to sustain global market stability.
Gold prices hit record highs near $3,791 per ounce as markets respond to U.S. rate cuts, dollar weakness, and strong safe-haven investment flows.
OECD lifts 2025 global growth forecast to 3.2 percent but warns U.S. tariffs, slowing demand and trade tensions could weigh on economies in 2026.
WTO says AI could boost global trade by nearly 40% and GDP by 13% by 2040 if digital infrastructure and trade policies are adapted worldwide.
President Trump confirms tariffs on imported furniture will begin in 2025, citing national security concerns and a goal to restore U.S. manufacturing.
