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By Swati PandeySYDNEY (Reuters) - Australia's central bank cut its cash rate to a record low 1.25% on Tuesday in what could be the first in a series of stimulus measures amid growing calls for policymakers to revive the country's slowing economy.The Reserve Bank of Australia (RBA) lowered rates for the first time in three years with data due on Wednesday likely to show annual growth in the A$1.9 trillion ($1.33 trillion) economy slowed to a decade low of 1.8%.'The Board took this decision to support employment growth and provide greater confidence that inflation will be consistent ...
Release time : 2019 - 06 - 04
Clickcount : 25
By Swati PandeySYDNEY (Reuters) - Australia's central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to boost growth.Lowe also urged the country's newly re-elected government to do its part by slashing income taxes and boosting spending, as inflation and wages growth lagged the central bank's expectations.'A lower cash rate would support employment growth and bring forward the time when inflation is consistent with the target...
Release time : 2019 - 05 - 24
Clickcount : 36
The Belt and Road Forum in Beijing has drawn worldwid attention. Picture: AP GLENDA KORPORAAL  12:00AM APRIL 26, 2019The chief executive of the Australia China Business Council, Helen Sawczak, has urged Australian companies to look at the business potential of China’s multi-billion- dollar Belt and Road initiative, despite the fact that Australia has not signed up to it.“They shouldn’t be frightened by the fact that Australia hasn’t signed a memorandum of understanding on the BRI,” Ms Sawczak told the Australian yesterday on the sidelines of a chief executive forum at the second BRI ...
Release time : 2019 - 05 - 08
Clickcount : 31
SYDNEY - Although Australia has never historically viewed itself as being an Asia-Pacific nation, this perception may be starting to change in the continent, according to New South Wales State Member of Parliament for the Labor Party Shaoquett Moselmane.Moselmane told Xinhua: 'Australians continue to see themselves as part of the democratic, western world, part of the Commonwealth of Nations and under the British Monarchy (and) bound by the ANZUS (The Australia, New Zealand and United States Security) treaty.''Institutions of state operate with such a frame of mind and so do many A...
Release time : 2019 - 04 - 19
Clickcount : 25
The increasing presence of Chinese investors in the Midas List is a solid reflection of the scale and vigor of the Chinese economy. [Photo/IC] Chinese investors earned a record high place in Forbes' latest list of the top 100 venture capitalists as the nation's investors are gradually changing the global venture capital market dominated by Silicon Valley.According to the annual Midas List of Forbes Magazine, 21 Chinese investors made it into the top 100 venture capitalists globally, which broke the previous record of 17 domestic investors last year.Four Chinese investors rank amon...
Release time : 2019 - 04 - 08
Clickcount : 19
By Paulina DuranSYDNEY (Reuters) - U.S. family tracking app operator Life360 has begun approaching potential investors for a listing in Sydney, fund managers said on Monday, valuing the company at up to $675 million in what could be Australia's biggest technology IPO in three years.Opting for an Australian listing, where the startup already has a number of institutional investors, Life360 plans to raise about $100 million via an initial public offering (IPO) by mid-year, current investors said.That would be the largest amount since wealth management software provider Bravura Solutions Ltd ...
Release time : 2019 - 04 - 04
Clickcount : 29
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