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Reserve Bank of Australia chief Philip Lowe said the coronavirus is having a 'significant'effect' on the country's economy

RBA Keeps Interest Rate Steady At 4.35% As Economic Pressures Persist

RBA's latest decision to keep interest rates at a 12-year high of 4.35% was met with a silent market reaction, as seen by the Australian dollar's steadying around $0.6595. With the first easing completely priced in for May 2025, rate swaps show a small possibility of a rate cut before year-end.

Australia's Unemployment Rate Holds Steady At 4.1%, Defying Expert Predictions For September
RBA Reports AU$4.2 Billion Loss, Marking Fourth Consecutive Year Of Deficits

US Election Results Could Influence Australia's Role In Asia-Pacific, But Alliance Steady: Experts
Speaking to reporters in Canberra, Foreign Minister Penny Wong emphasized that the federal government would continue to maintain a cooperative relationship with the U.S., regardless of which candidate won.
Australia Unveils AU$600M Funding To Bolster Recruitment And Retention In Defense Forces
The plan includes extending the Continuation Bonus for permanent members of the Australian Defense Force (ADF) and increasing the ADF's Operational Reserves by an additional 1,000 personnel to strengthen and sustain a highly skilled workforce.
Domino's Australia CEO Don Meij Exits After 20 Years, Sparking Stock Decline
Mark van Dyck, who has previously served as the Asia-Pacific leader at Compass Group, will take over as Domino's chief from Wednesday.
Israel Accuses Turkey Of 'Malice' Over UN Arms Embargo Call
Israel's ambassador to the United Nations on Monday accused Turkey of "malice," after Ankara submitted a letter signed by 52 countries calling for a halt in arms deliveries to Israel over the war in Gaza.

Saudi Aramco's Quarterly Profit Drops 15% On Low Oil Prices

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing prices which have stayed low despite production cuts and war in the Middle East.

WAR IN UKRAINE

Ukrainian law enforcement officers stand next to a destroyed supermarket building following a missile attack in Kharkiv

Germany's Baerbock Offers Ukraine No Guarantees As Kyiv Sounds Alarm

Germany's Foreign Minister visited Ukraine on Monday in a symbolic display of support but offered no concrete assurances as the war-battered country sounded the alarm over thousands of North Korean troops building up in Russia and diminishing foreign aid.

Economy in Focus

Stock Markets Rise, Dollar Pressured As US Votes
Major stock markets rose and the dollar remained under pressure Tuesday as the United States votes in a knife-edge presidential election.
Ryanair Profit Falls, Growth Hit By Boeing Delays
Westpac Sees 3% Decline In Profits, CEO Peter King Optimistic About Economic Recovery

More News

Labor Government Unveils 20% Reduction In Student Loans
As the new changes take effect on June 1, 2025, an average graduate with a loan of AU$27,600 will have AU$5,520 removed from their debt.

South Korea Fines Meta For Illegal Collection Of User Data

US tech giant Meta illegally harvested sensitive data including on sexual orientation from nearly a million South Korean Facebook users and shared it with advertisers, Seoul's data watchdog said Tuesday.