The Reserve Bank of Australia building in Sydney. Agence France-Presse
Australia’s central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.
Australia on Thursday unveiled its biggest shakeup in bankruptcy laws in nearly three decades, allowing small businesses to trade while insolvent and take more control over debt restructuring, in a bid to help firms through the coronavirus crisis.
Central banks in Asia, Australia and New Zealand (NZ) have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to the bottom.
To take advantage of the growing crypto market in the region, Bluechip Group of Companies launched recently ‘Bluechip Token’ and ‘Acre N Yard’ in the UAE market.
Tecom Group said on Monday it raised Dhs1.7 billion ($462.87 million) from investors for its initial public offering (IPO). The company announced its plan on June 8
Over 1,600 new African member companies have registered with Dubai Chambers since October 2021, growing 6.5 per cent to reach 26,420 today, the Chambers have revealed.