RBA Warns Economy to Slow Sharply as Inflation Soars

SYDNEY, Aug 5 Reuters Australia39;s central bank on Friday warned inflation was heading to threedecade highs requiring further hikes in interest rates that would slow growth sharply, making it tough to keep the economy on an even keel. In its quarterly Statement on Monetary Policy, the Reserve Bank of Australia RBA jacked up its forecasts […]
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Oil Prices Rise from MultiMonth Lows on Supply Concerns

LONDON, Aug 5 Reuters Oil prices rose slightly on Friday, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand. Brent crude rose 39 cents, or 0.4, to 94.51 a barrel by 0900 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.3, […]
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