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Big change coming for Australia’s cash rate

Australian homeowners have been hit with another knock to their repayment efforts with the Reserve Bank of Australia announcing a fresh interest rate hike.The shift is a 0.25 per cent rise and takes the cash rate to 2.6 per cent, the…

US dollar rise endangering other currencies

The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis reverberated around the world.The Federal Reserve’s rapid, steep…

Crisis meeting as PM dealt massive blow

UK Prime Minister Liz Truss held crisis talks on Friday as the British economy continues to take a beating following her disastrous mini-Budget.The PM - who has only been in the job for a matter of weeks - has presided over one of the worst…

Fears grow for global investment bank

Credit Suisse shares plunged to a new record low on Monday as markets grow increasingly concerned that the Swiss investment bank is on the brink of collapse, despite repeated efforts by top executives to calm online speculation.The share…