Australia’s Household Spending Is Flat as Outlays for Sport Slip
Australia’s household spending was flat in August, suggesting a weakening of demand in the economy as the Reserve Bank is expected to resume raising interest rates later today.
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Australia’s household spending was flat in August, suggesting a weakening of demand in the economy as the Reserve Bank is expected to resume raising interest rates later today.
Metrics Credit Partners, a major Australian private debt firm, reduced the value of assets across three listed funds by about A$169 million ($119 million) and halted trading of the vehicles.
Australia’s auction clearance rate declined to a 10-week low as a long weekend in Melbourne and the threat of higher borrowing costs weighed on sentiment.
Australia’s securities regulator has temporarily banned three private credit products offered by Melbourne Securities as part of attempts to address risks in private markets.
Data center operator Firmus Grid Ltd. is looking to raise at least $5 billion in an initial public offering, according to terms of the deal seen by Bloomberg, kicking off one of the biggest-ever listings in Australia.
Insurance Australia Group Ltd. said a settlement of proceedings brought by Credit Suisse entities over Greensill trade credit insurance policies hasn’t been finalized.