Economy
Waning appetite N Korea’s $10 trillion problem
IF DONALD Trump delivers on his promise of “fire and fury” to wipe out the North Korean regime, the world would face a $10 trillion catastrophe.
Jason Murphy How China could bring us down
THE Chinese economy could collapse within months, according to this US hedge fund. And it will bring Australia down with it.
10 years on Why the GFC could happen again
RUMOURS swirled on the floor of the world’s biggest banks 10 years ago. Now experts reveal what really happened and how it could again.
Population growth Australia’s shock transformation
AERIAL photos of Australia’s top 10 fastest growing regions show just how much the country has changed in just five years.
Plan ahead How to survive a housing crash
WHAT if disaster does strike and house prices fall dramatically. You don’t want to be caught in the middle of this nightmare scenario.
‘Bolivarian Revolution’ Country on the brink of collapse
IT’S the world’s newest dictatorship, where starving citizens are eating dogs to survive — but these Aussies still support the regime.
Jason Murphy How Aldi is pushing up house prices
AUSTRALIA has a weird problem. Our cheap products, which sound great in theory, are actually pushing up house prices.
HILDA survey Depressing new stats for Gen Y
HOME ownership among young Australians has rapidly declined and incomes have flatlined, with many set to pay rent well into retirement.
Business Bunnings victim of tradie tax scam
BUNNINGS is the victim of a huge tax scam amid accusations that tradies are using the company to rip off the tax office.
Rate hold One year since interest rate cut
THE Reserve Bank has left the official cash rate on hold at its record low of 1.5 per cent, marking one year since the last move.
Black economy Plan to punish you for using cash
A PLAN to punish customers who pay in cash and forget to get a receipt has been slammed as “completely unfair”.
All about trusts Shorten to end $17.2b tax loophole
BILL Shorten is reportedly set to close tax loopholes that allow high income earners to use trusts to slash their tax bills in a move that could save $17 billion.
Currency gains Dollar flying but for how long?
TRAVELLERS are toasting a financial windfall as the Aussie dollar defies forecasts to trade at a two-year high. But economists say the party probably won’t last.
Socialism kills Worst ‘Despacito’ remix yet
THERE’S a new take on the hit Latin pop song “Despacito”, and this one is not garnering accolades from its producers.
State of the States Map shows Victoria is catching NSW
A STATE-BY-STATE league table has revealed Victoria’s economy could soon “challenge” NSW’s. But there could be problems coming.
Economic issue Killer crisis coming to Australia
AMERICA’S opioid crisis is getting so bad, it’s beginning to hurt the economy — and Australia may not be far behind.
North Korea The handshake you won’t see again
IF YOU’RE old enough to remember this moment, you know it was a big deal. But there’s a reason why it won’t be repeated soon.
‘Significant danger’ Bill issues warning to rich Aussies
OPPOSITION Leader Bill Shorten has just nominated the “biggest threat to our health as an economy and our cohesion as a society”.
Jason Murphy Big warning if you have mortgage
THE PM has quietly issued a warning on house prices and if you have a mortgage, listen up. All the signs point the same way.
Jason Murphy Where you should travel right now
EXPLOIT the high Aussie dollar while you can. These destinations are suddenly cheap and they’re the best way to get bang for you buck.
Currency exchange How high will the Aussie dollar go?
IN an unexpected boon for travellers and online shoppers, the Australian dollar has, in the past 10 days, steamed in one direction: up.
Belt and Road $1 trillion plan to redraw map
IT’S a $1 trillion plan that could redraw the map and mark a global tipping point. Here’s what you need to know about the game-changer.
Population explosion Debate we’re not allowed to have
AUSTRALIA is bursting at the seams, but no one will talk about mass immigration for fear of being branded “racist”.
Pooh pooed China bans Winnie the Pooh
OH, bother. Internet users in China have been banned from posting memes comparing Winnie the Pooh to President Xi Jinping.
Housing warning ‘Gravity catching up to stupidity’
HOME building will further slow amid signs that “gravity may soon start to catch up with stupidity” in the Australian property market.
Defector insight Man made millions for Nth Korea
A NORTH Korean defector and one of the regime’s top money makers has revealed how he sent millions of dollars over the Chinese border.
Jason Murphy What impeachment would mean
IMPEACHMENT proceedings against Donald Trump have formally begun. If he’s ousted, what will happen to the world economy?
Dollar store How much is $1 actually worth?
WHEN is $1 not worth $1? That’s the question at the heart of a bizarre dispute that could have far-reaching implications for every Australian.
China trade China can cause chaos in Australia
WITH a 1.4 billion population and a growing middle class, China is Australia’s biggest export market — but its government can unleash chaos in an instant.
City slickers Aussie map raises big questions
THIS weird looking map is a perfect representation of everything we hate about living in a city. So why are we still doing it?
Markets FX Cross Rates
Market | AUD | USD | EUR | GBP | HKD | NZD | SGD |
---|---|---|---|---|---|---|---|
AUD | AUD | 78.93 | 66.77 | 60.69 | 7.7423 | 1.08 | 1.2769 |
0.02 | 0.01 | 0.01 | 0.01 | 0.0 | 0.01 | ||
USD | 1.0063 | USD | 0.85 | 0.77 | 7.7911 | N/A | 1.2851 |
-0.0 | 0.0 | 0.0 | -0.0 | 0.01 | |||
EUR | 1.3698 | 1.18 | EUR | 0.858 | 10.6049 | 1.7612 | 1.7492 |
-0.02 | 0.0 | -0.0 | -0.1 | -0.02 | -0.01 | ||
GBP | 1.5964 | 1.5864 | 1.1655 | GBP | 12.3595 | 2.0524 | 2.0388 |
-0.01 | -0.01 | 0.01 | -0.06 | -0.01 | 0.0 | ||
HKD | 0.1292 | 0.1284 | 0.943 | N/A | HKD | 0.1661 | 0.1649 |
-0.0 | 0.0 | 0.01 | -0.0 | 0.0 | |||
NZD | 0.7778 | 0.773 | 0.5679 | 0.4872 | 6.0215 | NZD | 0.9932 |
-0.0 | 0.0 | 0.01 | 0.0 | 0.01 | 0.01 | ||
SGD | N/A | 0.7782 | 0.5717 | 0.4905 | 6.0632 | 1.0068 | SGD |
-0.0 | 0.0 | -0.0 | -0.03 | -0.01 |