SYDNEY Predictions that Australia's central bank will lower interest rates this year have increased significantly in recent weeks, a Reuters poll showed, as a steep downturn in the housing market is seen likely to further hit domestic activity.
* Pound eases after best 1-day percentage gain since April
SYDNEY, March 14 Asian shares barely budged on
Thursday as investors reacted cautiously to mixed data from
China, while the pound hovered near nine-month highs as the risk
of a no-deal Brexit receded following a late-night vote.
SYDNEY, March 14 Asian shares paused on Thursday
as investors awaited data from China for clues about the health
of the world's second largest economy while the pound shot up to
near nine-month highs as the risk of a no-deal Brexit receded
following a late-night vote.
SYDNEY Australian consumers have turned gloomy in a one-two punch to the economy already battling a steep property downturn and anemic wages growth, raising the risk of an interest rate cut as soon as next month.
TOKYO/SYDNEY/NEW YORK When TAL Education Group, a mid-sized tutoring services firm in China, reported a three-fold increase in its 2018 third-quarter net income earlier this year, few people made much of it.
SYDNEY/TOKYO The chances of recession have faded enough for emerging market investors to plough billions of dollars into Asian stock markets, but not enough to buy shares in the region's banks.
SYDNEY Australian retailers suffered another bleak month in January, pointing to a tepid start for the new year after economic momentum slowed last quarter.
SYDNEY Australia's top central banker sounded sanguine about a sharp slowdown in the country's property market on Wednesday saying it was unlikely to derail momentum even as data showed the $1.3 trillion economy hit an airpocket last quarter.
* Annual growth at 2.3 pct, slowest since mid-2017
(Adds economist comment, context, more detail from the GDP