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Australian retailers boast strong March sales
Gains led by Victoria and Western Australia
RBA’s policy helping hold down currency
SYDNEY: The Reserve Bank of Australia (RBA) said its policy settings were helping hold down the currency, while surging property prices meant it needed to monitor trends in home borrowing, according to minutes of its April meeting.
How New Zealand's much-admired COVID-19 response helped fuel a housing crisis
WELLINGTON (Reuters) - For many, life in New Zealand's capital Wellington is largely back to normal. Its windswept streets are crowded with maskless shoppers and office workers, bars are packed and the economy is humming along.
RBNZ assessing impact of travel resumption
WELLINGTON: New Zealand’s central bank held its official cash rate (OCR) at 0.25% in a widely expected move yesterday, saying it needs to observe the economic impact of new housing market measures and the return of some international tourists.
Emerging markets: Philippine stocks weighed down by virus surge but Singapore stocks on track to snap 5-day losing streak
Philippine shares fell more than 1% on Tuesday as concerns over rising Covid-19 cases sapped risk appetite while most emerging Asian currencies were muted.
Insight - The comeback of the bottom half
WHICH part of the US wealth distribution saw its net worth rise the fastest over the past year, five years and decade? No, not the top 1%, according to the distributional financial accounts published last month by the Federal Reserve.
RBI pledge seen only giving short-term relief
MUMBAI: The Reserve Bank of India’s (RBI) pledge to buy as much as 1 trillion rupees (US$13.4bil or RM55.45bil) of bonds this quarter has sent a wave of relief through the sovereign debt market. However, some say the move may be insufficient in the face of the nation’s near-record borrowing plan.
