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RBA cuts cash rate another 25 basis points as global market sentiment deteriorates
By Paul McBeth June 05 (BusinessDesk) - The Reserve Bank of Australia cut 25 basis points from its target cash rate as deteriorating market sentiment and an uncertain international environment keep interest rate expectations low. The RBA cut its benchmark interest rate to 3.5...
MARKET CLOSE: NZ shares fall as investors mull risk of increased rivalry for Telecom
June 05 (BusinessDesk) - New Zealand shares fell, as the weight of Telecom, the biggest company on the exchange, held back the NZX 50 Index in the face of a region-wide rebound. Telecom rivals Telstra and Vodafone today confirmed they're in talks to consolidate their local units...
NZ dollar falls vs. Aussie dollar after RBA cuts rates by 25 basis points
By Hannah Lynch June 05 (BusinessDesk) - The New Zealand dollar fell versus the Australian dollar after the Reserve Bank of Australia cut its target cash rate by 25 basis points as deteriorating global sentiment keeps interest rates low. The New Zealand dollar fell to 77.47 Aus...
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