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SYDNEY (Reuters) - Australia's central bank is considering a slate of new regulations for the payments system to open up the use of mobile wallets, ma...
SYDNEY (Reuters) -Australia's central bank is considering a slate of new regulations for the payments system to open the use of mobile wallets, make costs more transparent and allow retailers to put surcharges on buy-now-pay-later services. In a speech on Tuesday, Reserve Bank of Australia (RBA) Governor Michele Bullock also outlined efforts to support the struggling business of moving cash around the country and plans to modernise the direct entry system used for salaries and welfare payments. The Australian government is greatly expanding the RBA's regulatory power over the payme...
SYDNEY (Reuters) -Asian shares drifted lower on Monday ahead of a week packed with a quintet of central bank meetings and data on U.S. inflation that could make or break market hopes for an early and rapid fire round of rate cuts next year. An upbeat payrolls report has already seen investors scale back expectations for a March cut by the Federal Reserve, though May remains priced at a 76% chance. The Fed is considered certain to hold rates at 5.25-5.50% this week, putting the focus on the so-called dot plots for rates and Chair Jerome Powell's press conference.
A look at the day ahead in European and global markets from Wayne Cole It's set to be a pivotal week as the Federal Reserve leads a quintet of rich-world ...
U.S. stocks were muted and gold slid on Wednesday, as investors bided their time ahead of crucial inflation data and the U.S. Federal Reserve's monetary policy meeting. The three major...