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Australia’s upcoming budget will take aim at soaring home prices and seek to make it easier for people to gain a foothold in the housing market, Treasurer Jim Chalmers said.
Source
Bloomberg Markets
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A liquefied natural gas tanker that recently switched flags to Russia appears to be loading fuel from a US-sanctioned project, marking Moscow’s latest move to expand its dark fleet designed to circumvent Western restrictions.
A far-right party won its first lower house election in Australia, with the victory underscoring the collapse in support for the center-right coalition that’s governed for much of the post-war period.
Investors are looking for further signs of easing tensions between President Donald Trump and his counterpart Xi Jinping to help remove an overhang on Chinese markets, with geopolitical and trade issues in focus.
Australian Treasurer Jim Chalmers will hand down the 2026-27 Federal Budget on May 12. It's framed as one the country's most consequential Budgets against a backdrop of inflation-fuelling global energy shocks, climbing cost-of-living, slowing productivity and a national debt edging toward A$1 trillion. Chalmers speaks with Bloomberg's James Mayger in Canberra. (Source: Bloomberg)
