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Australia Unemployment Rate Jumps to 3-1/2-Year High in June
Unemployment · Australia

Australia Unemployment Rate Jumps to 3-1/2-Year High in June

43% Right coverage: 14 sources
SYDNEY (Reuters) -Australian employment rose only marginally in June as the jobless rate jumped to the highest since late 2021, showing perhaps the first crack in what had been an unusually resilient labour market that adds to the case for a rate cut next month. Investors sent the Australian dollar down 0.5% to $0.6493, while three-year bond futures rallied 9 ticks to 95.57. Swaps now imply a 83% probability for a cut in interest rates next mont…See the Story
Businesses to Save $90m a Year as ComCom Tackles Interchange Fees
Business · Australia

Businesses to Save $90m a Year as ComCom Tackles Interchange Fees

46% Right coverage: 11 sources
The Commerce Commission has issued its final decision today to reduce interchange fees paid by Kiwi businesses, saving them about $90 million a year in...See the Story
RBA Shocks The Market As Lingering Inflation Blocks A Rate Cut
Australia Economy · Australia

RBA Shocks The Market As Lingering Inflation Blocks A Rate Cut

Coverage: 7 sources
See the Story

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