RBA Sees a ‘Credible Path’ to Inflation Target at 4.1% Rate
Australia’s central bank sees a “credible path” to return inflation to its 2-3% target with interest rates at
2023-08-15 10:59
Australia Q2 wage growth softer than expected, adds to rate pause case
By Stella Qiu SYDNEY Australian wage growth held steady in the last quarter, while annual pay increases eased
2023-08-15 10:19
National Australia Bank Plans Share Buyback Up to $970 Million
National Australia Bank plans to buy back as much as A$1.5 billion ($970 million) of its shares to
2023-08-15 09:15
Mercedes Targets Luxury Buyers in Malaysian All-Electric Push
Luxury carmaker Mercedes-Benz Group AG is targeting Malaysia as one of the markets where it will have an
2023-08-15 07:15
Biden urges UAW and Big Three automakers to reach deal to avoid strike
President Joe Biden sought to ramp up pressure on the United Auto Workers union and the nation's three unionized automakers -- Ford, General Motors, and Stellantis, known as the "Big Three" -- one month ahead of a critical deadline for labor talks.
2023-08-15 03:18
UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession
The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession.
2023-08-15 01:53
Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires
Hawaiian Electric's stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui's devastating wildfires were caused by the utility's energized power lines that were knocked down by strong winds.
2023-08-15 01:26
Biden urges automakers, union to make 'a fair agreement'
WASHINGTON (Reuters) -U.S. President Joe Biden on Monday called for union auto workers and Detroit's Big Three automakers to come
2023-08-15 01:15
The Four Biggest Hurdles in America’s EV Transition
Since the Inflation Reduction Act was signed into law one year ago this week, there’s been $59 billion
2023-08-14 21:48
Australia regulator allows union to ballot workers for strike at Chevron LNG platform
SYDNEY Australia's labour regulator cleared the way for strike action at Chevron's Wheatstone platform if workers vote in
2023-08-14 14:22
Hedge Funds Turned Long Aussie Dollar at Just the Wrong Time
Hedge funds turned the most bullish on the Australian dollar than they’ve been at any point this year,
2023-08-14 11:26
China Ending Years-Long Crackdown Restores Optimism as Tech Giants Report
China wrapping up its crackdown on tech firms and switching to supporting the industry sets the tone as
2023-08-14 11:19