Wayne Cole

Australian employment rebounded strongly in May while the jobless rate held at 50-year lows as more people went looking for work, an encouraging sign the economy can withstand the higher interest rates needed to contain runaway inflation.

Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession.

Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession.

A recent spike in Australia's energy prices is threatening to keep inflation higher for longer, a major reason policymakers this week felt compelled to hike interest rates by the most in two decades and warn of a lot more to come.

Australia's central bank on Tuesday raised interest rates by the most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, stunning markets and sending bond yields flying.

Asian shares joined U.S. stock futures in making cautious gains on Monday ahead of U.S.

Asian shares steadied on Monday as U.S. stock futures made cautious gains ahead of U.S.

Asian shares made a muted start on Monday as caution gripped ahead of a critical reading on U.S.

Australian home prices broke a 20-month winning streak in May as falls accelerated in Sydney and Melbourne amid rising interest rates and a cost-of-living crunch.

Asian stocks tracked Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S.

Asian stocks tracked Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S.

Asian stocks followed Wall Street higher on Monday while the dollar was pinned near five-week lows as investors wagered on an eventual slowdown in U.S.

Australian retail sales climbed to record highs in April as consumers spent big for the holidays, though surging inflation and rising interest rates are steadily sapping spending power.

Asian shares slipped on Tuesday as relief at a rally on Wall Street was quickly soured by a slide in U.S.

Asian shares slid on Tuesday as relief at a rally on Wall Street was punctured by a retreat in U.S.

Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S.

Whichever party takes the reins of power at Australia's election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising interest rates, ballooning debt and an over-heated housing market.

Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session.

Asian share markets stumbled on Monday and oil prices slid after shockingly weak data from China underlined the deep damage lockdowns are doing to the world's second-largest economy.

Asian share markets were struggling to sustain even a minor rally on Monday after shockingly weak data from China underlined the deep damage lockdowns were doing to the world's second-largest economy.

Asian markets got off to a shaky start on Monday as U.S.

Asian markets were in retreat on Monday as U.S. stock futures slid on rate worries, and a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession.

Asian markets got off to a shaky start on Monday as U.S.

Asian shares slid and the dollar hit two-decade peaks on Monday as U.S.

Australia's central bank on Tuesday raised its cash rate by a surprisingly large 25 basis points to 0.35%, the first hike in over a decade, and flagged more to come as it pulls down the curtain on massive pandemic stimulus.

Australia's central bank is in a bind as it contemplates its first interest rate increase in more than a decade, with its decision set to antagonise one of the main political parties just as it faces a sweeping review of past policies.

The dollar shot to two-decade highs on the yen on Thursday after the Bank of Japan (BOJ) doubled-down on its super-low yield policy by offering to buy endless amounts of bonds every session as needed.

The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its super-low yield policy, while the euro briefly fell below another symbolic mark of $1.05.

The dollar was nearing heights not seen in two decades on Thursday as the energy crisis in Europe hamstrung the euro, while the yen was undercut by expectations the Bank of Japan would stick to its super-easy policies.