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14 related stories for “australia reserve”.
Wall Street's technology sector suffered sharp losses, with the Nasdaq falling 5.5% into correction territory, the S&P 500 declining 4.4%, and the Dow losing 3.4%, according to ABC News (Australia). The sell-off spread to Asian markets as investors questioned the US Democrats' approach to data...
US stock markets fell sharply following the November 2026 midterm elections, with technology stocks bearing the brunt of the decline, according to ABC News Australia. ABC News Australia reports that investors retreated from tech holdings amid fears of an AI crackdown under a Democratic-led Congress,...
The Australian All Ordinaries index jumped 2.8 percent on November 5, 2026, posting its strongest trading day since April following an overnight plunge in global oil prices. According to ABC News Australia, investors are betting that Democratic electoral gains will constrain Trump administration policies and...
A sand battery project in Finland has begun heating a town, according to analysis from YouTube creator Matt Ferrell's investigation into battery technology development over recent years. The analysis argues that while battery breakthroughs generate significant media attention and investor interest, most fail to transition...
A federal appeals court has ruled that debit card swipe fees must come down, finding that the Federal Reserve had allowed the fees to be set too high. Retailers currently pay banks 21 cents plus a fraction of each sale's value per debit transaction —...
The Reserve Bank of Australia raised its official cash rate to 4.85 percent on November 2, 2026, marking the highest level in 18 years, according to ABC News Australia. Treasurer Jim Chalmers and Reserve Bank Governor Michele Bullock both responded publicly to the decision. ABC...
The FBI has attributed a $6.3 billion cryptocurrency theft from Binance to North Korea's TraderTraitor group, which moved the funds across ten blockchains within approximately twenty minutes. Binance replaced roughly 95% of stolen customer assets from its own reserves, while investigators froze an additional $2.85...
The Reserve Bank of Australia (RBA) raised its cash rate by 0.25 percentage points to 4.85 percent on November 3, 2026, marking the fifth rate increase this year and the highest level in 18 years. If banks pass on the full increase, Australian homeowners with...
Australia's Reserve Bank raised its cash rate to 4.85%, the highest level in 18 years, with Governor Michele Bullock citing elevated inflation as the driver. The move reflects the RBA's ongoing monetary tightening campaign to bring inflation back within target range. ABC News' business reporter...
Australia's Reserve Bank is preparing for a fifth consecutive interest rate increase on Melbourne Cup Day (November 4, 2026) as worse-than-expected inflation data forces policymakers to act. Warren Hogan, economic advisor at Judo Bank, argues that rates may need to rise further than currently anticipated...
Australia's government declined to commit to net savings in its December budget update despite mounting pressure to control spending amid persistent inflation, according to ABC News Australia. Borrowers are preparing for financial strain ahead of a widely expected interest rate increase when the Reserve Bank...
Australian households are holding hundreds of billions of dollars in transaction and savings accounts earning little to no interest, according to ABC News Australia analysis. The gap between rising official interest rates and actual returns for savers means consumers are missing opportunities to grow their...
ABC News Australia's press gallery photographers Mike Bowers and Mick Tsikas documented the week's political images, including scenes of the Australian government contending with inflation-driven political pressure and parliamentary proceedings in which members paid tribute to independent MP Helen Haines.
According to Yahoo Finance, Binance disclosed a $6.3 billion theft from its platform, which the outlet describes as the largest cryptocurrency exchange hack in history and approximately four times larger than the previous record theft from Bybit in 2025. Yahoo Finance reports the breach originated...