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Australia

Dollar bounces from 15-month low on strong core U.S. retail sales

BY Reuters  • July 18, 2023July 18, 2023
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on t[...]
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Australia central bank hit pause as policy clearly restrictive, risking growth

BY Reuters  • July 18, 2023July 18, 2023
SYDNEY, July 18 (Reuters) – Australia’s central bank decided to keep interest rates steady this month as policy was clearly restrictive and there was a risk a squeeze on household finances[...]
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Asia Australia Business Economy

US stocks rise on earnings outlook, global shares dip on China data

BY Reuters  • July 17, 2023July 17, 2023
By Herbert Lash NEW YORK (Reuters) -U.S. stocks rose on Monday on expectations corporate earnings will exceed forecasts, but global shares and the dollar traded little changed after data showed the Ch[...]
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Asia Australia Business Economy Europe Top News Updated US

Dollar decline slows as investors wait on Fed

BY Reuters  • July 17, 2023July 17, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar dipped against a basket of currencies on Monday after last week suffering its largest weekly decline this year as Treasury yields tumbled, but h[...]
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Australia’s Endeavour shares hit record low as poker machine regulations land

BY Reuters  • July 17, 2023July 17, 2023
By Byron Kaye and Himanshi Akhand (Reuters) – Shares of Endeavour Group, Australia’s biggest pub owner, hit a record low on Monday after a surprise state government decision to impose iden[...]
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Asia Australia Business Economy

Australia expects unemployment rate to rise as global economy slows

BY Reuters  • July 16, 2023July 16, 2023
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday that he expected the nation’s jobless rate to lift from near a 48-year low on the back of higher interest rates and slow[...]
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Asia Australia Business Economy

Wall St holds gains after cooler inflation, mixed earnings

BY Reuters  • July 14, 2023July 14, 2023
By Lawrence Delevingne (Reuters) -Wall Street stocks mostly held on to their previous gains on Friday, while the dollar stayed near 15-month lows, after U.S. inflation data this week unleashed a wave[...]
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Dollar gains after steep losses, but downtrend stays intact

BY Reuters  • July 14, 2023July 14, 2023
By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar bounced on Friday after falling sharply the last few days, as investors consolidated losses ahead of the w[...]
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Major Australian REIT limits withdrawals from unlisted office fund

BY Reuters  • July 14, 2023July 14, 2023
By Lewis Jackson SYDNEY (Reuters) -An Australian real estate investment trust (REIT) has limited how much investors can withdraw from one of its largest office funds citing challenging property condit[...]
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