23 Hours Ago Australia expected to leave rates unchanged in Tuesday meeting The Reserve Bank of Australia is expected to hold its benchmark interest rate at 3.85%, according to a poll of 32 economists by Reuters. 21 of the 32 surveyed expect the RBA to hold rates, while 11 forecast a 25 basis points hike ...

Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! (Kitco News) – Australia-focused gold miner Evolution Mining (ASX: EVN) announced today that its Board has approved capital investment of ...

The Reserve Bank of Australia has published its submission into an inquiry for a digital assets bill, which seeks to regulate crypto exchanges, custody services and the issuing of stablecoins. Lodged in late May, the central bank’s submission focused heavily on stablecoins. The RBA sees the potential in the new form of currency while recognizing ...

A burgeoning market for nuts in India is beckoning the Australians, among the biggest growers of nuts in the world. India has largely kept them at bay, but the potential has proved too vast for the Australians to hold off their almonds, pistachios, and walnuts. The nut industry in Australia is now pinning its hopes ...

SINGAPORE: Singapore and Australia will launch a new A$20 million (US$13.2 million) programme to support small- and medium-size enterprises (SMEs) from both countries to jointly develop innovative green products. Under the Go-Green Co-Innovation Programme, Australia’s Department of Foreign Affairs and Trade, as well as Enterprise Singapore will set aside the sum to support SMEs from ...

SYDNEY (Reuters) — Australia’s independent wage-setting body said on Friday it would raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs. The lowest-paid employees will receive 22.61 Australian dollars ($15.34) an hour, according to Reuters calculations based on the current rate of A$21.38. The decision from the Fair ...

Sydney city skyline, New South Wales, Australia. Education Images | Universal Images Group | Getty Images The head of Australia’s central bank on Wednesday pledged to do whatever is necessary to bring inflation back to target, warning that risks to inflation are on the upside and households should brace for the pain ahead. Appearing before lawmakers, Reserve Bank of Australia Governor Philip Lowe said inflation expectations were well anchored ...

Cities and nature are often thought of as separate entities when thinking about the environment and the climate crisis. It’s time to change that thinking, according to an Australian architecture expert. With cities responsible for over 75% of greenhouse gas emissions, designing smart and sustainable cities is the single most pressing challenge in confronting climate change, said Adrian McGregor, ...

Anthony Albanese responded to a radio listener who questioned how he can argue for taxpayer funds to be allocated to promoting the Voice, given the cost-of-living crisis facing many Australians. Prime Minister Anthony Albanese labels Voice to Parliament No voters as “chicken little” and “doomsayers”, says Saturday Herald Sun columnist Steve Price. “The Prime Minister ...

Uncertain global macroeconomic conditions coupled with US banking instability continue to affect equity capital markets in 2023. As initial public offerings volumes gradually return, we examine the outlook for Australian companies seeking greater liquidity amid a variety of challenges (and opportunities) including the ongoing renewable energy transition. Key takeouts Global macroeconomic conditions continue to dampen ...