Business
Gold prices recover in Asian trade as U.S. bond yields ease and markets lower the probability of a September Federal Reserve rate hike. The post Gold advances as US yields ease ahead of Fed minutes appeared first on Auckland Mail.
Gold prices recover in Asian trade as U.S. bond yields ease and markets lower the probability of a September Federal Reserve rate hike. The post Gold advances as US yields ease ahead of Fed minutes appeared first on Auckland Mail.
China’s investment slump widened in July as real estate, manufacturing and infrastructure spending fell while retail sales growth slowed. The post China fixed-asset investment drops as retail growth slows appeared first on Auckland Mail.
Melbourne suburb rents rose unevenly, with Olinda leading a two-year comparison as the citywide median reached A$600 per week in June 2026.
Australia says fuel stocks remain intact nationwide even as some stations run dry, with officials moving reserves into the market to ease pressure.
The Solar Sharer Offer gives some Australian households three free daytime power hours, but the AER says savings depend on shifting usage to midday.
Australia fuel prices surge as ACCC monitors petrol market, with national unleaded averaging 181 cents a litre and remote areas near 4 dollars, as EV sales rise.
A Business Council report says Australia scores well on trade but ranks near the bottom on regulation and business taxation, prompting calls for reform.
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.
News
Official updates show superannuation retirement savings decimated under early access policies, prompting strict ATO release rules. The post Treasury warns superannuation retirement savings decimated early appeared first on Auckland Mail.
Australia and India agreed on 18 summit outcomes spanning defence, peaceful uranium exports, technology, education, trade and culture ties.
Narendra Modi and Christopher Luxon endorse an India-New Zealand partnership with NZ$7 billion trade target and wider security cooperation.
Travel
IATA reports 4.6% global passenger traffic growth in August 2025, with record load factor and strong international air travel demand.
Spirit Airlines warns of possible shutdown within 12 months, citing weak demand, oversupply and cash shortfall despite emerging from bankruptcy in March.
U.S. State Department introduces visa bond program, targeting B-1 and B-2 visa applicants from high-risk nations with up to $15,000 entry bonds.
Technology
Automotive
Lotus has launched global production of the Evija, a 217 mph all-electric hypercar producing 2,039 PS, making it the fastest EV of its kind now in production.
Cadillac’s Elevated Velocity concept merges electric V-Series performance with off-road versatility, debuting a high-luxury crossover at The Quail 2025.
US automakers rethink EV plans as Trump ends incentives, drops emissions rules, and boosts profitability for gas-powered trucks and SUVs.