The RBA's Andrew Hauser said, "As humans, we are all prone to overconfidence, particularly when forecasting the future. In many cases, the answer we ought to give is that we simply do not know."
Shreyashi Chakraborty
Aug 12, 2024
European and Asian stock markets mostly rose Friday, the end of a roller-coaster week for equities, after US jobs data soothed concerns that the world's top economy could tip into recession.
AFP news
Aug 09, 2024
Consultation regarding the layoffs started on July 31, with termination notices being circulated the same night.
Shreyashi Chakraborty
Aug 09, 2024
E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful algorithms.
AFP news
Aug 09, 2024
News Corp's consideration of the sale is driven by emerging interest from potential buyers, and its unsuccessful bid to compete with Netflix by launching new services like Kayo and Binge.
Shreyashi Chakraborty
Aug 09, 2024
The joint study agreement, which was disclosed Wednesday, focused on capturing and storing carbon dioxide from Japan and Australia in the surrounding regions of Australia's Bonaparte and Browse basins.
Shreyashi Chakraborty
Aug 08, 2024
He will lose AU$8.36 million worth of Qantas shares, based on its current share price, while his short-term incentive bonus will be cut by 33% to AU$900,000.
Vidhya CK
Aug 08, 2024
Prime Minister Anthony Albanese rejected criticism that his government's spending was adding to inflation. He said the Labor government's two budget surpluses and several measures, which were aimed at reducing the living expenses, have helped to bring down the prices.
Vidhya CK
Aug 08, 2024
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Isaiah McCall
Aug 08, 2024
Global stocks recovered further and the Japanese yen slid against the dollar on Wednesday as the Bank of Japan issued a dovish signal it will not hike interest rates amidst market volatility.
AFP news
Aug 08, 2024
Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, but its theme parks are coming under pressure.
AFP news
Aug 08, 2024
Denying that government spending was boosting inflation, Chalmers said the Commonwealth's AU$300 energy bill rebate and rental assistance would bring down the Consumer Price Index (CPI).
Vidhya CK
Aug 07, 2024
Miles also pledged to establish at least 12 state-owned fuel stations that would operate on a cost-recovery basis and offer petrol, diesel, and electric vehicle (EV) charging.
Shreyashi Chakraborty
Aug 07, 2024
Sony raised its annual net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in video games and music, as well as image sensors used in iPhones.
AFP news
Aug 07, 2024
Joby said it was particularly focused on reducing city traffic by introducing its fleet of quick, short-distance flights.
Shreyashi Chakraborty
Aug 07, 2024
A US judge on Monday handed Google a major legal blow, ruling in a landmark anti-trust case that it has maintained a monopoly with its dominant search engine.
AFP news
Aug 06, 2024
Tokyo's key Nikkei index closed more than 10 percent higher Tuesday, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen.
AFP news
Aug 06, 2024
Westpac, however, said RAMS' existing customers will remain unaffected and that they can access service through the RAMS app, website, and call center.
Shreyashi Chakraborty
Aug 06, 2024
Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued.
AFP news
Aug 06, 2024
"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.
Vidhya CK
Aug 06, 2024
The benchmark S&P/ASX200 index on Monday fell 293.6 points, or 3.7%, to 7,649, its biggest single day drop in four years, since the onset of COVID in May 2020.
Vidhya CK
Aug 06, 2024
As France faces a 2035 deadline to phase out new combustion engine cars, workers in the industry worry their days might be numbered too.
AFP news
Aug 05, 2024
Kevin Burrowes, who was appointed PwC CEO in July 2023, revealed about the extra income during the partners' meet in June this year, 11 months after he joined PwC Australia.
Vidhya CK
Aug 02, 2024
Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat.
AFP news
Aug 02, 2024
Meta on Wednesday reported profit of $13.5 billion in the recently ended quarter, beating market expectations and causing its share price to jump.
AFP news
Aug 01, 2024
Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the Red Sea.
AFP news
Aug 01, 2024
Albemarle's Kemerton plant will decrease its staff by 40% and cut its output capacity of lithium hydroxide by half.
Shreyashi Chakraborty
Aug 01, 2024
The US Federal Reserve is highly unlikely to waver from its position of holding interest rates at a two-decade high on Wednesday, but could drop hints about a September start to rate cuts.
AFP news
Aug 01, 2024
Consultancy firm Ernst & Young informed the staff on Wednesday that due to the financial crisis, another 250 jobs would be axed and that they would have to wait till a new buyer was found to get paid.
Vidhya CK
Jul 31, 2024
Although the overall inflation rate has slightly increased to 3.8%, the measure of core inflation, also known as the "trimmed mean," has decreased slightly to 3.9% from 4%.
Shreyashi Chakraborty
Jul 31, 2024
