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
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.
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.
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.
More Stories
Whistleblower win awarded to Super Retail
Super Retail has won the first major court battle against its two former most senior female executives turned whistleblowers, but the war is still to come.
Westpac admits overcharging nearly 25,000 NZ customers
The banking giant faces a hefty fine after it misled NZ customers entitled to advertised discounts and overcharged some of them.
Perth accountant faces insider trading charges
An accountant has appeared before the Perth Magistrates court on charges relating to insider trading of shares in mid-tier miner Genesis Minerals.
Major change to Aussie cash revealed
A major change to Aussie cash could be on the cards – which would essentially keep cash in the Australian system despite the dominance of card payments.
Investors dump EML shares after board parts ways with CEO
The payments provider says alternative leadership is needed to oversee its ambitious turnaround strategy after sacking US-based CEO Ron Hynes following a brief tenure.
Major bank’s huge $6.35m error
A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
Billionaire swoops on Sydney pubs in $200m play
Pubs are making a late year surge, with property billionaire Sam Arnaout snapping up two venues.
IGO’s lithium downstream dream turns to nightmare
IGO and its Chinese partner are struggling to sell lithium hydroxide produced in Western Australia, raising more concerns about the future of a history-making downstream processing plant.
Bondi Ponzi scheme promoter avoids jail time
David Sipina, who promoted the fraudulent Courtenay House Ponzi scheme which left creditors owed more than $50m, has avoided jail time after pleading guilty.
ASX opens after weekend technology crisis meetings
The accident-prone market operator ASX spent the weekend scrambling to fix a glitch in its settlements system and talking to angry market participants.
Original URL: https://www.weeklytimesnow.com.au/agribusiness/breaking-news/page/3