Australian shares have dropped for a third straight week, with rate hike fears and soaring energy costs triggering a recession warning.

Australian shares have dropped for a third straight week, with rate hike fears and soaring energy costs triggering a recession warning.

Australia’s central bank deputy governor Andrew Hauser says further inflationary pressure from the war in Iran would be unhelpful as policymakers...

Australia’s central bank deputy governor Andrew Hauser says further inflationary pressure from the war in Iran would be unhelpful as policymakers...

The Iran war oil shock is expected to lead to higher inflation, giving the central bank a reason for further interest rate pain this year.

The Reserve Bank board will have a "very genuine debate" about hiking interest rates in the coming week, its deputy governor says.

The Reserve Bank board will have a "very genuine debate" about hiking interest rates in the coming week, its deputy governor says.

Federal Reserve Bank of Chicago President Austan Goolsbee said he could envision the US central bank needing to raise interest rates, or returning to...