Australia cuts interest rates to record low of 1.75% to fight deflation

The Reserve Bank of Australia has cut its benchmark interest rate to a historic low of 1.75% ahead of budget Australia’s central bank cut its benchmark interest rate to a record low of... Read more »

Australia cuts interest rates to record low of 2.25%

Australia’s central bank has cut interest rates for the first time since 2013 SYDNEY — The Reserve Bank of Australia (RBA) has cut its benchmark interest rate to a record low of 2.25... Read more »

Asian Infrastructure Investment Bank launched

China-Led Infrastructure Bank set to start work before end of 2015 Twenty-one Asian countries have signed an intergovernmental memorandum of understanding for establishing a new multilateral bank to finance infrastructure projects in... Read more »