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RBA Keeps Interest Rates Unchanged At 4.35%, Rules Out Cuts In 'Near Term'

"The judgment of the board was that keeping the interest rate where it is and making sure that people understand that a rate cut is not on the agenda in the near term, given what we know that continued pressure will help to keep demand coming back into line with supply," said RBA Governor Michele Bullock said.
Net profit shed seven percent year-on-year in April-June, to $3.8 billion

Refining And Gas Give TotalEnergies Q2 Blues

French oil heavyweight TotalEnergies on Thursday reported slumping profits in the second quarter, blaming lower margins in refining and falling sales and prices for natural gas.
Housing

NAB Cuts 3-Year Fixed Mortgage Rate To 5.99%

"This is a strategic move from NAB in a bid to test whether there's any appetite among borrowers to revert back to fixing. A big bank fixed rate that starts with a '5' is likely to turn at least a few heads, particularly among those worried about the prospect of further cash rate hikes," financial expert Sally Tindall stated.
A potential takeover of Everton has fallen through

Everton Takeover Talks Called Off

Everton's potential sale to the Friedkin Group will not go ahead after the Premier League club failed to reach an agreement with the American investors.
HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive

HSBC Bank Promotes Elhedery To CEO

HSBC on Wednesday said its chief financial officer Georges Elhedery would step up to the role of chief executive as the Asia-focused banking giant looks to drive growth.
Homes devastated by Hurricane Beryl, just the latest extreme weather event to boost oil prices

Climate Change Risk Stirs Oil Market

From forest fires to hurricanes and other natural disasters: climate change risk is increasingly influencing oil prices, just as the world is struggling to shift away from high-polluting fossil fuels.

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