Wages growth cooling faster than expected: RBA
The central bank says wages growth is slowing, with labour supply more abundant than anticipated, as it becomes more optimistic a rate cut could be on the horizon.
Breaking News
IMF backs RBA, warns against govt spending spree
The UN-linked agency has warned against expansionary government policies that could thwart the RBA’s management of ‘the final descent of inflation to target’ as external challenges loom.
RBA’s major clue on next rates decision
Struggling Aussie homeowners could get a rate cut sooner rather than later as the Reserve Bank says it is “increasingly confident” about a reduction.
NextDC-backed cloud provider turns takeover target
An underperforming cloud services provider one third-owned by NextDC has found itself the target of competing takeover bids.
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ASX 200 little changed after RBA minutes; St Barbara tanks
The sharemarket is continuing to trade flat after the release of minutes from the last meeting of the RBA, which received some support from the IMF overnight. SBM hit with PNG tax bill.
Aussies set to rack up insane credit card debt
Cost of living pressures are causing Aussies to turn to credit this festive season, which experts predict could take years to pay back.
Rio Tinto closes in on $10bn lithium mega-deal
Arcadium Lithium shareholders have voted in favour of the all-cash takeover, but hurdles around its Chinese significant shareholder remain.
Sports streamer DAZN buys Foxtel in blockbuster $3.4bn deal
New ownership for subscription giant Foxtel and its hit brands Kayo and BINGE is set to shake up Australia’s media and sport landscape.
Ray of hope emerges for Aussie economy
A new outlook has forecast the Australian economy is on a “narrow path to a soft landing” and is tipped to improve next year – but there’s a major catch.
Cashed-up state twists the knife
WA’s government says it can afford to invest in roads, ports and infrastructure even as it maintained a conservative position on iron ore price projections that boost its bottom line.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.
ASX snaps grim days-long losing streak
The ASX has surged back and broken a days-long losing streak – after better than expected inflationary data out of the US sent markets higher around the world.
ASX clears settlements backlog but not the anger
The accident-prone ASX has fixed its tech glitches that last week held up the settlement of trades, but market participants and investors remain worried about future mishaps.
Howzat! Behind DAZN’s quest to become Netflix of sport
The UK sports streaming operator has big plans for the way the world watches sport – and Foxtel is set to become a key part of this.
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