By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its key interest rate unchanged at 3.85% on Tuesday despite inflation well above the target range, according to[...]
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Australia
Australia’s largest pension fund freezes work with auditor PwC
By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers (PwC) as the “big four” firm reels fr[...]
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Australia’s Coles to take $17 million provision to compensate underpaid staff
(Reuters) – Australian No. 2 supermarket chain Coles Group Ltd said on Friday it would take an additional provision of A$25 million ($16.96 million) to compensate underpaid salaried employees. C[...]
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As Nikkei soars, Japanese investors rush for the exits
By Junko Fujita and Ankur Banerjee TOKYO/SINGAPORE (Reuters) -As foreigners pile into Japan’s steepest stock market rally in years, local investors have been furiously cashing out or even bettin[...]
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Global equities rise, U.S. yields fall after debt ceiling bill advances
By Chibuike Oguh NEW YORK (Reuters) – Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as[...]
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Dollar stumbles as signs point to Fed skipping June rate hike
By Hannah Lang (Reuters) – The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectat[...]
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Australia first-quarter business investment hits 7-year high, outlook solid
SYDNEY (Reuters) – Australian business investment rose to a seven-year high in the first quarter, helped by a jump in spending on mining, manufacturing and transport, while firms affirmed plans[...]
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Aussie housing dip over, prices to rebound into next year on rate view- Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Australia’s housing market outlook has improved significantly, with home prices expected to on average stagnate this year compared to the near double-[...]
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Australian home prices climb for third straight month in May
SYDNEY (Reuters) – Australian home prices rose for the third consecutive month in May, with the pace of growth accelerating sharply as demand remained strong despite high mortgage rates, and the[...]
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