By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar slumped to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations that the[...]
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Australia
Chile miners, facing higher taxes, seek faster permits, lower energy costs
By Fabian Cambero SANTIAGO (Reuters) – Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for[...]
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Australian banks say low unemployment is buffering home loans
By Byron Kaye SYDNEY (Reuters) – The CEOs of Australia’s two biggest banks said on Thursday a tight labour market was keeping late home loan repayments below historic levels even after a y[...]
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Wall Street cheers cool CPI with stock rally; dollar, yields decline
By Lawrence Delevingne (Reuters) -Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of c[...]
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US dollar stumbles, drops to more than one-year low as inflation eases in June
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggestin[...]
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Australia central bank chief has ‘open mind’ about future tightening
By Stella Qiu SYDNEY (Reuters) -Australia’s top central banker said on Wednesday he is confident higher interest rates are working to cool inflation but it is possible they will have to rise fur[...]
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Factbox-Australia’s central bank outlines new policy procedures
SYDNEY (Reuters) – The Reserve Bank of Australia (RBA) has announced changes to how it formulates and announces interest rate decisions, following an independent review into the bank’s ope[...]
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NZ central bank hits pause at 5.5%, economists see easing in 2024
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank held the cash rate steady at 5.5% on Wednesday, hitting pause as expected and flagging rates would be on hold for some tim[...]
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Australia cabinet will soon decide on next RBA governor – treasurer
By Renju Jose SYDNEY (Reuters) – Australia Treasurer Jim Chalmers said on Wednesday the cabinet would meet soon to decide the next governor of the country’s central bank, after local media[...]
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