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Asian stocks slide on flare-up in Middle East fighting, oil eases off highs

Asian stocks slide on flare-up in Middle East fighting, oil eases off highs "Financial markets shifted back into a risk-off mode as the US and Iran exchanged fire again," analysts from Westpac wrote in a research report. SINGAPORE: Asian stocks fell on Thursday (Jun 4) as renewed fighting between the US and Iran rattled investors, although oil slipped from recent highs after Israel and Lebanon agreed to a ceasefire. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.5 per...

Channel News Asia 6d ago

The fake police scam stealing millions from Australia's Chinese community

Fake police scam targets Chinese diaspora with threats and forged documents Sat 6 Jun 2026 at 5:30am It's a warm evening in a small Australian town. A man dressed in a shirt and tie prepares to record a statement he believes will be used in court.

ABC Australia 5d ago

Australians have become housing hostages. Will the budget set them free?

analysis Australians have become housing hostages. Will the budget set them free? Wed 3 Jun 2026 at 4:50am Australians have been held hostage to the housing market for the better part of this century.

ABC Australia 8d ago

Property and the budget ease pressure on the RBA

analysis Property and the budget ease pressure on the RBA as two banks cut fixed rates Tue 9 Jun 2026 at 4:50am The older you get, the more frenetic the pace of life seems to become. No matter where you look, social, political and economic change appears to be in overdrive, and the long periods of stability we once enjoyed are becoming increasingly short-lived. Just look at the Reserve Bank.

ABC Australia 2d ago

Budget won't be to blame if house prices fall, housing minister says

Budget won't be to blame if house prices fall, housing minister says Sun 31 May 2026 at 10:52am In short: Clare O'Neil says suggestions the government's proposed tax changes could knock 10 per cent off the price of homes are overblown, and Treasury expects only a "mild" impact on price growth. The housing minister says if prices did fall sharply, it would not be due to the proposed changes to negative gearing and capital gains tax. The government is consulting on its proposed tax changes,...

ABC Australia 10d ago

Another KPMG leader steps aside amid audit leak scandal fallout

KPMG Australia chief operating officer Eileen Hoggett steps aside as audit leak fallout widens Wed 3 Jun 2026 at 4:32pm In short: Eileen Hoggett's move marks another major change in the firm's leadership team after the chief executive and head of audit resigned last week. Ms Hoggett will return to a full-time audit role as investigations continue. The changes come after publicly aired revelations by a whistleblower that auditors at the firm had misused confidential client documents.

ABC Australia 7d ago

Australian housing market stalls in May

National home values flatline in May for the first time since January 2025 Mon 1 Jun 2026 at 4:57am In short: Australia's housing market stalled in May, with national home values flat after months of slowing growth. The weakness was led by Sydney and Melbourne, where values fell 0.9 per cent and 0.8 per cent respectively, according to Cotality data. While the Reserve Bank is widely expected to hold interest rates steady at its June 15-16 meeting, buyers remain highly sensitive to any signs...

ABC Australia 10d ago

Australia's economic slowdown is just beginning, the experts warn

Australia's economic slowdown is just beginning, economists warn, as recession risks rise Thu 4 Jun 2026 at 5:16am Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households. The economy grew just 0.3 per cent in the first quarter of 2026, the Australian Bureau of Statistics revealed on Wednesday, but the figures only captured the first month of the Middle East war. "Surging inflation, sky-high oil prices and...

ABC Australia 7d ago

Will Australia be taken for a ride in the AI and data centre boom?

analysis In the great data centre boom, will the benefits flow offshore again? Sun 7 Jun 2026 at 4:40am On the corner of Mamre Road and the yet-to-be-built South Link Road, in the western Sydney suburb of Kemps Creek, plans are afoot that could change the way the world works. It's here, in this picturesque semi-rural expanse, wedged between Sydney's rapidly growing outer suburbs and the new international airport at Badgerys Creek, that the AI boom has landed in Australia, with a thud.

ABC Australia 4d ago

Asia stocks skittish as Middle East anxiety offsets AI optimism

Asia stocks skittish as Middle East anxiety offsets AI optimism SINGAPORE: Asian stocks made a cautious start to trading on Tuesday (Jun 2) as uncertainty over whether the ceasefire in the Middle East conflict capped the lift to sentiment from renewed optimism around AI. MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses as trading commenced, last 0.5 per cent lower, led by a 2 per cent decline for Korean shares after an initially higher open. S&P...

Channel News Asia 8d ago