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Stocks rally stalls, eyes on Powell testimony for US rate clues

The Cheap InvestorJune 19, 2023June 19, 20230

By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares fell from 14-month highs hit last week, as investors…

  • Asia
  • Australia

Australian Senate paves way for landmark referendum on Indigenous voice in constitution

The Cheap InvestorJune 18, 2023June 19, 20230

By Praveen Menon SYDNEY (Reuters) -Australia’s Senate passed legislation on Monday that paves the way for the country to hold…

  • Asia
  • Australia

World stocks gauge pauses after big run, heavy central bank week

The Cheap InvestorJune 16, 2023June 16, 20230

By Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stock markets took a breather on…

  • Asia
  • Australia

Yen sags to 15-year low vs euro after BOJ rate decision

The Cheap InvestorJune 16, 2023June 16, 20230

By Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The yen plunged to a 15-year low against the euro on Friday after…

  • Asia
  • Australia

Analysis-Australia’s top companies back Indigenous Voice as public support wavers

The Cheap InvestorJune 16, 2023June 16, 20230

By Byron Kaye, Melanie Burton and Praveen Menon SYDNEY (Reuters) – Some of Australia’s biggest companies, including miners, banks and…

  • Asia
  • Australia

Central banks, waiting for relief on inflation, lean towards higher rates

The Cheap InvestorJune 16, 2023June 16, 20230

By Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central…

  • Asia
  • Australia

Australian senator asked to resign after allegations of misconduct

The Cheap InvestorJune 16, 2023June 16, 20230

SYDNEY (Reuters) – Australia’s main opposition Liberal Party leader asked a senator to resign on Friday following allegations of sexual…

  • Asia
  • Australia

Westpac raises Australia cash rate peak forecast to 4.6%

The Cheap InvestorJune 16, 2023June 16, 20230

SYDNEY (Reuters) – Westpac on Friday lifted its forecast for Australia’s cash rate peak to 4.6%, tipping quarter-point hikes in…

  • Asia
  • Australia

Stocks rally, dollar falls after U.S. data, ECB hike, hawkish Fed pause

The Cheap InvestorJune 15, 2023June 15, 20230

By Sinéad Carew and Marc Jones NEW YORK, LONDON (Reuters) – MSCI’s global index of stocks rose on Thursday to…

  • Asia
  • Australia

Papua New Guinea parliament begins debating US defence deal

The Cheap InvestorJune 15, 2023June 15, 20230

SYDNEY (Reuters) – Papua New Guinea’s parliament has begun debating a defence deal with the United States, with Prime Minister…

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