{
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australia revives reserve bank overhaul talks amid political negotiations

Australia's plans to overhaul the Reserve Bank, including a proposal to split its board, have been revived as the Labor government engages in last-minute talks with the Greens Party. This development follows the collapse of earlier negotiations, which had centered on the Greens' demand for immediate interest rate reductions, a move that would compromise the bank's independence.
bloomberg.com
Australian Dollar Reserve Bank AUS Jim Chalmers
Finance & Economy, News Article
00:02 28.11.2024

ubs targets wealthy women in australia with wealth management return

UBS is re-entering the wealth management sector in Australia, focusing on the increasing number of affluent women and family offices, as part of its Asia-Pacific expansion strategy. Meanwhile, Australia faces a significant shakeup in the gas-guzzler market with the introduction of new hybrid models, and the budget deficit is projected to exceed previous forecasts, reaching A$33.5 billion by mid-2025. Additionally, New Zealand's central bank is expected to cut interest rates again, reflecting aggressive monetary policy shifts in the region.
Bloomberg.com
Australian Dollar United States Dollar Deloitte Access Economics BYD Peabody Energy Corporation Anglo American plc Reserve Bank UBS Adani Group TotalEnergies SE NZL AUS LBN IND CHN ISR Gautam Adani Michael Marrone Scott Bessent Michael Herzog Show more
TradFi, News Article
22:39 25.11.2024
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