Australian approvals to build new homes tumbled to the lowest level in 11 years, driven by fewer permits for apartment buildings, suggesting weak residential property investment will continue to drag on the economy.

Australia’s building approvals slump to lowest level in 11 years

Chinese buyers are once again snapping up property in Australia, further fuelling resurgent prices in everything from luxury homes to tiny student apartments.

Buyer inquiries from China for Australian properties soared 127% in the first three months of the year from the final quarter of 2022, according to data from real estate firm Juwai IQI.

Chinese buyers return to resurgent Australian property market

(May 18): Australia unemployment unexpectedly increased in April as employers cut jobs — led by full-time roles — reinforcing the case for the Reserve Bank to stand pat at next month’s policy meeting.

The currency and government bond yields declined as the jobless rate climbed to 3.7% f...

Australian unemployment climbs, reducing rate-hike pressure

China will avoid a massive stimulus injection to boost its post-pandemic economy like the one delivered after the 2008-09 global financial crisis as it has learned its lesson, said Ric Deverell at Macquarie Group Ltd.

China isn’t going to save the world this time, Macquarie says

Australia’s economic and diplomatic relations with China are in recovery mode, with tensions over issues ranging from foreign investment to security receding as Beijing tamps down its punitive efforts to bend one of its key commodity suppliers to its will.

China rebuilds Australia ties after failing to pressure economy

Melbourne has quietly overtaken Sydney to become Australia’s most populous city, thanks to a slight tweak to where a geographical boundary is drawn.

Melbourne becomes Australia’s biggest city after boundary tweak

The US-led banking turmoil is driving money into Asian assets, with investors betting that China and the region’s emerging economies are in a better position to weather the fallout.

Asian banks are luring investors who think they’re a safer bet

Australia’s lenders are “unquestionably strong” and its households and firms are well placed to cope with higher interest rates and inflation, the Reserve Bank said, seeking to alleviate concerns about potential fallout from global financial turmoil.

RBA says banks are strong, households resilient to higher rates

Australia’s central bank paused its almost yearlong tightening cycle, highlighting policy lags and a “substantial” slowdown in household spending while keeping the door open to further interest-rate increases.

Australia pauses rate increases, waters down tightening bias

Australian house prices snapped 10 months of declines in March, led by a surge in the bellwether Sydney market in a positive sign for the economy after the central bank’s almost yearlong policy tightening cycle.

Australian house prices snap declines as Sydney market surges

Yellen urges new World Bank chief to 'get the most' from balance sheet

SC adds one potential clone to Investor Alert List

US Senate set to pass debt limit suspension bill on Thursday night

Ringgit rises against US dollar in early session on June 2

Bursa Malaysia rebounds in early session, lifted by bargain hunters

Elon Musk knocks Bernard Arnault off the perch to reclaim top spot

Kenanga Research projects  CY23F FBM KLCI earnings to contract by 1.2%

Australia raises minimum wage by 5.75% as living costs surge

HLIB Research says Velesto's valuations have become inflated

Malaysia's corporate profits disappoint on slowing demand, with little help from China reopening

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

Swati Pandey

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Swati Pandey

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