NAB delivers $3.6b profit. Australian shares are set to open higher. US stock leap on clear Fed rate path. $A up more than 2 per cent. Bitcoin flirting with $US40,000. Follow updates here.
Flight Centre, Goldman Travel and the Spencer Group of Companies have launched a joint venture focussed on premium and business travel called Link Travel Group.
Flight Centre described it as “an invitation-only members’ group dedicated to partnering with high-quality travel companies to provide an innovative and compelling offering via travel supply, technology and business operations.“ Goldman Travel joint managing director Anthony Goldman and Spencer Group of Companies founder Penny Spencer will sit on the JV’s board of directors, alongside Flight Centre’s Danielle Galloway, the executive general manager of the company’s premium brands.9.02AMCecile LefortThe Australian dollar bounced 2.2 per cent to US72.
The US central bank lifted, as expected, its funds rate by 0.5 percentage point but played down the prospect of a super sized 0.75 percentage point increase as it signalled half a percentage point increases likely in the near-term. The Federal Reserve also cut bond purchases as it attempts to tackle soaring inflation and maintain chances of a soft landing for the economy.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX LIVE: ASX seen lower, Reserve Bank of Australia rate decision awaitedRBA hikes cash rate 0.25pc ahead of forecasts, says inflation picked up faster than expected, sees inflation at 6pc in 2022. AUD jumps. Follow the latest here.
Read more »
ASX LIVE: ASX seen lower, Reserve Bank of Australia rate decision awaitedThe nation’s biggest home lender is the first off the mark with a rate rise, with CBA moving its standard variable rates 25 basis points higher. Follow updates here.
Read more »
ASX LIVE: ASX seen lower, Reserve Bank of Australia rate decision awaitedASX to open lower, though dip buying in New York could check local losses. $A steady. RBA widely expected to lift key rate. Follow updates here.
Read more »
ASX LIVE: ASX to rise, Wall St edges up with interest rates in focusAustralian shares are poised to open higher with the focus shifting to the US central bank’s early Thursday rate decision. Follow updates here.
Read more »
ASX LIVE: ASX to rise, Wall St edges up with interest rates in focusAustralian shares are poised to open higher; ANZ declares 72¢ dividend; Wall Street edges higher; $A advances, oil prices slide. Follow updates here.
Read more »
ASX LIVE: ASX to rise, Wall St edges up with interest rates in focusAustralian shares poised to open higher; ANZ posts $3.1b cash profit, declares 72¢ dividend; Flight Centre back in EBITDA profit in March; Seven upgrades earnings guidance; JB Hi-Fi avoids giving FY22 guidance; Nearmap refines ACV guidance. Follow updates here.
Read more »