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SYDNEY: While the Reserve Bank of Australia (RBA) and Commonwealth Bank of Australia share a common heritage, they couldn’t be further apart on the outlook for wages and inflation in today’s economy.
SINGAPORE: Oil prices rose on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer.
SYDNEY (Reuters) - Australia's central bank, the postal service, several commercial banks and a host of other companies suffered temporary internet outages on Thursday, after a second major blackout following an issue at a cloud computing company in little more than a week.
SYDNEY (Reuters) - Websites of dozens of financial institutions and airlines in Australia and the United States were briefly down on Thursday, in the second major blackout in just over a week caused by a glitch in an important piece of internet infrastructure.
STOCKHOLM (Reuters) -Swedish payments firm Klarna has raised $639 million from a group of investors led by SoftBank's Vision Fund II, lifting its valuation to about $46 billion - higher than several of the region's major banks.
HONG KONG (AFP): Markets fluctuated in Asia on Tuesday (June 8) as investors awaited the release of key US inflation data later in the week, with another strong reading likely adding pressure on the Federal Reserve to begin reconsidering its ultra-loose monetary policy.
SYDNEY: Australia’s central bank is approaching a decision on whether the economy is strong enough for it to join Canada and New Zealand in signaling a move away from emergency mode.
(Reuters) - Commonwealth Bank of Australia on Thursday became the first among the country's four big lenders to allow customers to view account balances from other lenders through its app, in a push to improve digital banking relationships.
SYDNEY: An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted markets to bet on earlier rate hikes and higher bond yields globally.
NEW YORK: Iron ore futures surged more than 10% and copper jumped to a record amid increasing bets they’ll be among the biggest winners from a commodities boom that’s stoking concerns about inflation around the world.