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  • Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged

    Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged0

    Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) said domestically-sourced cost pressures were still picking even if

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  • Australia wins U.S. Support For Critical Minerals Industry

    Australia wins U.S. Support For Critical Minerals Industry0

    Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used in batteries for electric cars

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  • Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation

    Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation0

    The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to 0.6910%, the softest level in one week, after hitting a five-month

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  • ATF price hiked by 8.5%; touches all-time high

    ATF price hiked by 8.5%; touches all-time high0

    Jet fuel price on Tuesday rose to record levels across the country following a steep 8.5 per cent hike necessitated due to a spike in international oil prices. While the jet fuel or Aviation Turbine Fuel (ATF) price has been hiked for the third time in a month, petrol and diesel prices remained unchanged for

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  • At the 2nd in-person meeting, Quad leaders convene in Tokyo.

    At the 2nd in-person meeting, Quad leaders convene in Tokyo.0

    Prime Minister Narendra Modi and leaders of the US, Japan, and Australia met for the second time in person on Tuesday in New Delhi, where they are expected to discuss developments in the Indo-Pacific region as well as global issues of common interest. India, the United States, Japan, and Australia make up the Quadrilateral Security

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  • At next week’s policy review meeting, the RBI is expected to raise rates by 0.40 percent

    At next week’s policy review meeting, the RBI is expected to raise rates by 0.40 percent0

    At next week’s scheduled monetary policy review, the Reserve Bank is projected to boost rates by 0.40 percent, according to a foreign brokerage. According to the report by Bofa Securities, the central bank’s rate-setting panel will follow it up with a 0.35 percent hike in rates at the next review in August or split it

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