SYDNEY: As the Sino-US trade war raise fears of a global recession, businesses run the risk of being caught in a self-fulfilling vicious cycle, a top Australian central banker warned on Thursday, threatening the country’s sturdy jobs market, Reuters reported.
Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle said the trade war was a “major risk” for the country’s A$1.9 trillion ($1.3 trillion) economy though it has not had a damaging effect so far.
Supporting that view, data out on Thursday showed Australia added a forecast-beating 41,100 net new jobs in July. Still, that wasn’t enough to budge the employment rate from a disappointingly high 5.2 percent.
Chinese power company had intended to acquire up to 18.336 billion ordinary shares of K-Electric, representing 66.4...
MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL
Gold rates decreased by $30 to $2,381 per ounce in the international market
Growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay...
IMF will closely watch the privatization of PIA by the end of June
PSX lays down the groundwork to encourage listed companies to adopt ESG reporting in line with global standards
