People walk past a shop, displaying sales promotions, in Melbourne, Australia. Agence France-Presse
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
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.
Australia's central bank on Tuesday forecast the economy would suffer its largest ever contraction in the first half of the year, sending the unemployment rate into double-digits.
Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to boost growth. Lowe also urged the country’s newly re-elected government
The UAE Government and the United Nations Initiative to commemorate its 75th anniversary launched the “Future Possibilities Report 2020”, presenting six transformational trends that can add up to $30 trillion to the global economy by 2025.
The Abu Dhabi Department of Economic Development (ADDED), has permitted commercial and industrial licensees in the Emirate of Abu Dhabi to renew their investment activities’ licenses for a period of 3 years.
The Expo Centre Sharjah (ECS), on Monday, welcomed the return of its employees to the offices with 100 per cent capacity in accordance with the decision of Sharjah Executive Council (SEC),
Adnoc Logistics and Services (Adnoc L&S), the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc) announced on Tuesday the formation of a new strategic joint venture (JV) with Wanhua Chemical Group.