The Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday. It could be a good thing or just another whimper. The news and statement do not provide too great a comfort. It may just be more of the same medicine. They effectively ruled out…
Last month the Reserve Bank of Australia (RBA) cut rates by 50 basis points. If it cuts rates again in its June meeting on Tuesday, Australian banks may still not pass on the full difference to borrowers like last time. The market, on the other hand is rooting for a big cut. Financial markets, however, are already raising their bets that…
Reserve Bank of Australia (RBA) Board is set to meet on Tuesday June 5th and the decision will be announced at 2:30 PM local time (12:30 AM EST). This month, the impact of RBA’s cash rate decision and statement will be felt not only by the Australian equity market but also by its currency. RBA’s current cash…
Here is what I am reading: How could Spain’s ‘secure’ banks descend into crisis? (The Guardian) Chinese traders fear repeat of 2008 as ore piles up (The Sydney Morning Herald) India Inc sees economy growing at less than 7% (The Economic Times) Newspapers Cut Days From Publishing Week (The New York Times) Structural transformation and…
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