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Australia's central bank on Tuesday held interest rates steady as expected and reiterated that policy needed to stay tight, sticking to its guns a week after the Federal Reserve started its easing campaign with a bang.
Australia's inflation rate has come within the RBA's target range in the month of August, easing from 3.5% in July to 2.7%., according to a Wednesday release from the country's Bureau of Statistics.
LONDON — The British pound has jumped to its highest level in two-and-a-half years following a hawkish rate hold from the Bank of England, but strategists warn the upcoming U.K. budget could pose a risk to investor and consumer sentiment.
A summit of at least 20 nations is planned on the sidelines of the UN General Assembly this month to seek ways “to talk some sense” into China over its confrontation with the Philippines in the South China Sea, Manila’s Washington envoy said on Tuesday.
The U.K.'s competition watchdog has launched an investigation into the way tickets were sold for next year's reunion concerts from iconic 1990s Britpop band Oasis.
