The Reserve Bank has left the official cash rate unchanged at a record low 0.25% but that hasn’t stopped some senior economists from speculating that negative interest rates could be necessary within the next 12 months. Westpac’s Chief Economist Bill Evans made the case for negative rates and argues the unconventional monetary policy would help […]

An astonishing two-day rally has seen $31 billion added to the combined value of the Big Four Banks in what some analysts have called a ‘catch-up rally’. The market closed down slightly on Wednesday but not after three of the four big banks reach double-digit intraday gains before tapering off slightly at the bells. Westpac […]

Not all of China’s factories will reopen on time after they were shut for extended Lunar New Year holidays amid coronavirus fears. Most businesses in China have been closed since late January due to the Lunar New Year, and government officials have ordered businesses to remain shut until February 9. But not all companies are […]

The JB Hi-Fi Group has posted impressive half-year results today, sending their share price skyrocketing. Bucking the retail downturn trend, JB Hi-Fi Group’s sales are up nearly 4 per cent, bringing the group’s net profit to $174 million. CEO Richard Murray attributes the retailer’s success to in-store customer experience and technology becoming a “mainstay of […]

Virgin Australia will pull the plug on flights between Sydney and Hong Kong after running the service for the last three years. The daily flights will cease from March 2 after reviews found it was no longer financially viable. Virgin had last year announced they would be ending the Melbourne-Hong Kong route after launching in […]

Australia’s honey industry is under threat after recent bushfires wreaked havoc on some beekeeping businesses. Hive + Wellness Australia is asking for urgent assistance from the federal government after beekeepers across Queensland, NSW and Victoria were hit hard by recent bushfires. To scope out the extent of the damage, CEO at Hive + Wellness Australia […]