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    By Jack Quail For Nca Newswire and Brittany Chain, Political Correspondent For Daily Mail Australia 08:39 04 Jun 2024, updated 09:28 04 Jun 2024 Australia’s economy is facing four significant challenges amid an ongoing cost of living crisis which is crippling families. The nation’s current account plunged into a $4.9bn deficit in the first three ...
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    An Hour Ago Shares of Adani Group companies slump by almost 20% Shares of Adani Group companies lost almost 20% as vote counting for India’s election indicated a closer-than-expected contest between the BJP-led NDA and the Congress-led I.N.D.I.A bloc. Adani Ports plunged by more than 18%, while Adani Enterprises plummeted 19%. Both stocks had risen more than ...
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    New Delhi: The Australian government has invited public submissions as it prepares a new roadmap for the country’s closer economic engagement with India. The roadmap will not only take stock of Australia’s existing economic initiatives with India but also explore innovative ways of doing more together. “There has never been a better time to engage ...
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    (Bloomberg) — Asian stocks gained in early trading, as a softer reading of the Federal Reserve’s preferred measure for inflation bolstered rate-cut hopes. Most Read from Bloomberg Equities in Australia and Japan opened higher on Monday, with futures also pointing to gains in Hong Kong. Elections in major emerging markets will help set the tone, ...
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    The US financial markets were enveloped in a wave of risk aversion that continued into Asian session, primarily driven by the notable surge in Treasury yields. This uptick in yields followed an auction of seven-year debt that closed with higher than anticipated yields, raising alarms about weakening demand for US Treasuries. This concern was compounded ...
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    SYDNEY: Australian consumer price inflation unexpectedly picked up to a five-month high in April due in part to increases in petrol, health and holiday costs, bolstering expectations that interest rates would not be lowered any time soon. Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index (CPI) rose at ...
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    (Bloomberg) — US equity futures rose following robust results from Nvidia Corp., while Asian stocks slipped at the open. Most Read from Bloomberg Shares in Japan, South Korea and Australia all fell alongside Hong Kong equity futures. Contracts for the S&P 500 and Nasdaq 100 indexes both climbed in the wake of post-market results for ...
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    With import tariffs removed for the first time in three years, shipments of Australian wine to China surged in April, with analysts expecting producers to jump back into the lucrative market “quite quickly”. China imported US$10.4 million of wine from Australia in April, up from US$126,045 a year earlier, representing a roughly eightyfold increase, according ...
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    (Bloomberg) — Asian stocks struggled for solid footing amid a lack of local drivers after the S&P 500 crept to another record ahead of results from giant chipmaker Nvidia Corp. Most Read from Bloomberg Shares in Japan fell as the country reported a trade deficit, while those in Australia climbed. Equity benchmarks in Hong Kong ...
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    (Bloomberg) — Asian stocks rose, spurred by the shares of commodity-related firms as the price of copper and gold both climbed to record highs. Optimism over eventual Federal Reserve interest-rate cuts supported the rally. Most Read from Bloomberg The MSCI gauge of regional shares advanced for a seventh day, with the materials sector posting the ...