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Australia's central bank governor puts economy on alert despite recent stability
RBA Governor Michele Bullock says Australia’s economy is strong, and lower inflation with steady jobs allows the central bank to cut interest rates again if needed. The central bank reduced interest r...
IG Group closes $117.41M acquisition of Australian crypto exchange
On Friday, the UK trading platform IG Group expanded its footprint in the Asia-Pacific region by acquiring Australian digital asset exchange Independent Reserve for AUD178 million ($117.41 million). T...
OKX launches crypto platform to tap Australia’s $1T SMSF market
OKX, a global crypto platform, recently launched its Self-Managed Super Fund (SMSF), a vehicle for pension investments in Australia. The special investment tool offers individuals and corporations to ...
Governor Bullock says the RBA is exploring AI's impact on the economy
Australian Central Bank Governor Mitchelle Bullock has confirmed that the bank is exploring the impact of AI on the economy. She said they are examining the potential implications for inflation and em...
Global stocks slump as dollar hits five-week low and gold climbs
Global stocks slumped Monday as Asia and Europe saw scattered losses, the dollar dropped to a five-week low, the euro retreated, and gold climbed to levels not seen since April. In Asia, traders react...
Australia’s RBA sees scope for future rate cuts
Australia’s central bank, the RBA, disclosed minutes from its August 11-12 board meeting, revealing that more rate cuts will be needed over the next few months. The board agreed that the easing could ...