Iran says it is ready for new US sanctions
Iran says it is prepared to withstand new United States sanctions, as Washington seeks to increase pressure on Tehran amid the nearly six-month war. Iranian Economy Minister Ali Madanizadeh said Monday that "The government is and was ready and has a two-year plan to manage these events," adding that Tehran had been "waiting for these plans for a long time". China warned the U.S. on Tuesday a
US consumer confidence falls to 7mth low
United States consumer confidence fell in August to its lowest level in seven months as households became more pessimistic about the labour market and inflation, according to a survey released on Tuesday. The Conference Board said its consumer confidence index fell to 89.4 in August, the lowest reading since January, from a downwardly revised 90.2 in July. Economists had expected the index t
Trump: US will hike Canada auto tariffs to 50%
United States President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and automotive parts from Canada to 50% from 1 January 2027, escalating trade tensions following the collapse of negotiations last week. “Canada has been ripping off the United States of America for years,” Trump wrote in a Truth Social post, accusing the longtime trading partner of harming U.S. far
Wall St rises, tech rebounds ahead of Nvidia results
United States benchmark indexes finished higher on Tuesday (Wednesday AEST), as technology stocks recovered from their recent selloff ahead of Nvidia's results, while easing oil prices and Treasury yields provided some relief to investors. The Dow Jones Industrial Average rose 160.2 points, or 0.3%, to 53,577.4, while the S&P 500 gained 24.4 points, or 0.3%, to 7,677.2. The Nasdaq Composite adv
Australian inflation rises 3.5% in July
Australian consumer prices rose more than expected in July as fuel and travel costs increased, while underlying inflation also exceeded forecasts, adding to the risk of another interest-rate hike. Data from the Australian Bureau of Statistics (ABS) showed the annual Consumer Price Index (CPI) eased to 3.5% from 3.8% in June, but remained above market expectations for a slowdown to 3.3%. Mont
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