Global News

Fed on track for 2015 rate hike: Yellen

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Fed chair says first move still likely this year, but normalisation process will be slow.

Greece optimistic on bailout deal

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Latest meetings give nation hope an agreement can be reached next week.

German growth and confidence weaken

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Q1 GDP growth in key EU economy slows as confidence marks retreat in May.

US consumer prices rise for third month

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Inflation rate seen stabilising in the US as core inflation jumps most in almost 2.5 years.

Merkel flags Greek challenges

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German leader says 'very, very intensive work' needed to secure positive bailout resolution.

Bank of Japan holds fire on stimulus

by AFP
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Central bank's chief says world's third-largest economy is on the upswing.

China-led bank to begin by year end

by AFP
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Asian Infrastructure Investment Bank members say it will be operational by end of 2015.

EU outlook 'brighter than for 7 years'

by AFP
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Draghi says economic skies are clearing after seven years of tumult in eurozone.

Picks of the Week

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In this week's essential reading guide, Kohler slices through the budget spin, Gottliebsen chastises Twiggy and Bartholomeusz looks at Wesfarmers' winning ways.

The Week Ahead

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Business spending figures will dominate local headlines while a bevy of US economic indicators will be of interest abroad.

The history of a heretical economic idea

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A formerly unfashionable economic theory has been thrust back into the spotlight -- and it continues to divide economists.

Australia must wake up to the looming risk in Asia

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Indonesia's rise is a challenge to Australia but the poor decisions of our political leaders have put our national security in jeopardy.

US factory activity slows in May

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Flash purchasing managers' index falls to 53.8 in May from a final 54.1 reading in April.

US existing-home sales slow in April

by AFP
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US existing-home sales slowed in April from March as supplies tightened and prices climbed.

Japan fights back against China bank

by AFP
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Abe announces a $US110bn investment plan for infrastructure projects in Asia.

BoE official eyes larger oil-price boost to growth

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Policymaker says short-term booster to UK economy may be larger than thought.

US jobless claims lift to 264,000

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Labor Department print still consistent with longer trend of strong payrolls growth.

Asset purchases 'progressing smoothly': ECB

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Central bank minutes show wide agreement bank's QE program smooth since implementation.

Russia eyes 2.5% contraction in 2015

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Finance Ministry's latest forecast for 2015 the most optimistic this year.

Inequality to keep rising: OECD

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Group says rising inequality will hurt growth, can only be reversed by strong government action.

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