ADELAIDE Australia's top central banker on Thursday said a recent cut in interest rates would not be enough to revive economic growth, an unusually blunt declaration that led markets to narrow the odds on another easing as early as July.
ADELAIDE, June 20 Australia's top central banker on Thursday said it was not "unrealistic" to expect a further reduction in interest rates given ample slack in the labour market, and called on the government for action on fiscal stimulus.
SYDNEY, June 19 Asian shares hit five-week highs on Wednesday as investors wagered the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.
SYDNEY, June 19 Asian shares hit five-week highs on Wednesday as investors hoped the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.
SYDNEY, June 19 Asian share markets jumped on Wednesday as investors dared to hope the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.
SYDNEY, June 17 Australian home prices look to be finally finding a floor as a revival in auction demand put Sydney on track for its first monthly gain in two years.
* Trump holding up China deal, talks down Fed rates and dollar
* Trump holding up China deal, talks down Fed rates and dollar
* Trump holding up China deal, talks down Fed rates and dollar
* Trump holding up China deal, talks down Fed rates and dollar
Iran on Thursday shot down a U.S. military drone it said was on a spy mission over its territory but Washington said the aircraft was targeted in international air space in "an unprovoked attack".