iTWire Tuesday, 04 May 2021 10:58 Melbourne duo create divorce platform to cut expense, emotional stress
Shares Nicholas Koch: it s not uncommon for Australians to end up paying around $200,000 in legal fees while going through the court process when filing for divorce. Supplied
Two businessmen in Melbourne have created a DIY divorce negotiation and documentation platform which they say is aimed at cutting down on the financial and emotional toll that the end of a relationship brings.
Named Split Easy, the platform, developed by Nicholas Zoch and Justin Lawrence, ensures that a couple will not spend more than $1499 if they have no children and can agree on a percentage split of their assets.
Asian Markets Mixed Amid Cautious Trades
CANBERA (dpa-AFX) - Asian stock markets are mixed on Tuesday, following the mixed cues overnight from Wall Street as traders remain worried about the pace of global economic recovery amid a renewed spike in coronavirus cases in the region, with restrictions and lockdowns in several areas. Markets in China and Japan are closed for holidays. Asian stocks ended mostly lower on Monday.
The Australian stock market is modestly higher in choppy trading in positive territory on Tuesday, extending the gains of the previous session, with the benchmark S&P/ASX 200 staying above the 7,000 mark near 14-month highs as traders await the Reserve Bank of Australia monetary policy decision later in the day. Big miners and energy stocks are driving the market, partially offset by the retreat by financial and technology stocks.
RBA announces May cash rate
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The central bank has revealed its cash rate decision for May ahead of the federal budget on 11 May.
The Reserve Bank of Australia (RBA) has left the official cash rate unchanged at 0.10 per cent for May, aligning with its position of leaving rates unchanged for the foreseeable future.
In his statement on the RBA’s decision, governor Dr Philip Lowe said that it has maintained its current policy settings, including the yield on the three-year Australian government bond, as well as the parameters of the term funding facility.
Dr Lowe said that the economic recovery has been stronger than expected and is predicted to continue, particularly in employment, with unemployment figures falling further to 5.6 per cent in March and the number of people with a job now exceeding pre-pandemic levels.
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RBA makes May cash rate decision By Malavika Santhebennur 04 May 2021
The Reserve Bank has announced its cash rate decision for May, a week before the release of the federal budget.
The Reserve Bank of Australia (RBA) has left the official cash rate unchanged at 0.10 per cent for May, aligning with its position of leaving rates unchanged for the foreseeable future.
In his statement on the RBA’s decision, governor Dr Philip Lowe said that it has maintained its current policy settings, including the yield on the three-year Australian government bond, as well as the parameters of the term funding facility.
A new Australian Climate Service will be established to guide the national recovery agency as it looks at ways to make the country more resilient to future natural disasters.