Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, edged higher by a lower than expected 0.2 per cent in the March 2025 quarter. The accompanying ABS-prepared commentary noted that extreme weather events dampened domestic demand and reduced exports. It added that weather impacts were particularly evident
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WiseTech Global (ASX:WTC) has taken a decisive step toward cementing its position as a leading force in global logistics technology, announcing a binding agreement to acquire US-based e2open (NYSE:ETWO) for an enterprise value of US$2.1 billion. The acquisition is poised to transform WiseTech’s global reach and accelerate its vision of becoming the operating system for
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RBA benchmark rate is cut by 25 basis points at the May Board meeting As was widely expected by all and sundry, the RBA’s benchmark interest rate was reduced by 25 basis points to 3.85% at the 19-20 May RBA Board meeting. Policy makers even briefly considered whether a 50 basis point cut was an
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The RBA’s benchmark interest rate was left unchanged at 4.10% at the Bank’s 31 March-1 April Board meeting, with our central bank deciding to leave well enough alone ahead of a swag of political and economic uncertainties hitting markets over coming weeks. This left the RBA rate a touch under the existing US Fed Funds
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Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, rose by a 0.6% in the December 2024 quarter, to be a 1.3% higher on an annual (through the year) basis. This annual movement was in the ball-park of market expectations, and a definite improvement on the mediocre
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