CANBERRA, Australia (AP) — Australia’s central bank on Tuesday lifted its benchmark interest rate for a second time in five weeks, changing the cash rate to 0.85% from 0.35%. When the Reserve Bank of Australia’s lifted the rate by a quarter percentage point at its last monthly board meeting on May 3, it was the…
SYDNEY (Reuters) – Australia’s central bank raised its key cash rate by a surprisingly large 50 basis points to 0.85% on Tuesday and signaled yet more tightening would be needed as it battles to restrain surging inflation. Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) said that given current inflation pressures…
By Simon Jessop LONDON (Reuters) – The pay gap between workers and CEOs at 300 publicly listed U.S. companies with the lowest median wage jumped in 2021, a study from the Institute for Policy Studies https://ips-dc.org (IPS) showed on Tuesday. The average gap was 670 to 1, up from 604 to 1 in the prior…
