top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economic Indicator

29 Nov 2021

Omicron May Affect Australia’s Economic Recovery

The Index Today

The new omicron virus strain could lead to some major setbacks for Australia’s economic recovery after undergoing several lockdowns according to the Royal Bank of Canada RBC.

Su-Lin Ong, head of Australian economic and fixed-income strategy at RBC said, “Given the delta experience, we would expect policy makers to assume the worst, move quickly, and take an overly cautious approach. A delay of further easing in restriction and or additional measures will be inevitable if omicron moves quickly in Australia.”

With growing fears of the spreading omicron variant, global markets were rattled and saw major drops. The virus strain could mean a return to lockdowns and closures of borders. Yields on Australian three-year government bonds saw a decline of 0.85% on Monday. Traders are cautiously waiting for upcoming policy announcements made by the Reserve Bank. The Reserve Bank is expected to hold a meeting on the 7th of December.

Clay pottery with table linens
bottom of page