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European Union and ASEAN to form strategic partnership: Germany
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com + 0.99   time to read: +1 min
German Foreign Minister Heiko Maas speaks during a virtual news conference where he informed about a virtual meeting of EU-ASEAN Foreign Ministers and an upcoming NATO Foreign Ministers meeting, at the Federal Foreign Office in Berlin, Germany, December 1, 2020. Clemens Bilan/Pool via REUTERSBERLIN (Reuters) - The European Union and the ASEAN group of southeast Asian countries have agreed to upgrade their relationship to a strategic partnership, current EU president Germany said on Tuesday. “Together, we represent more than a billion people and almost 25 per cent of global economic power. Together, we have a strong voice in this world,” said Maas, who gave no specific details on what the strategic partnership would entail. ASEAN groups Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia and the Philippines.
Persons: Heiko Maas, Clemens Bilan, Germany, , Maas Organizations: EU, ASEAN Foreign Ministers, NATO, Federal Foreign Office, REUTERS BERLIN, European Union, ASEAN, , Association of Southeast Asian Nations, Comprehensive Economic Locations: Berlin, Germany, Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia, Philippines, China, Japan, South Korea, Australia, New Zealand
NATO must focus more on challenge of rising China, report to say
  + stars: | 2020-12-01 | by ( ) www.nbcnews.com + 0.00   time to read: +3 min
The report "NATO 2030," prepared by a group of so-called wise persons and containing 138 proposals, comes amid growing doubts about the purpose and relevance of an alliance branded last year by French President Emmanuel Macron as "brain dead." The 30-member alliance could also forge closer ties with non-NATO countries such as Australia and focus more on deterrence in space, where China is developing assets, the report suggests. NATO should consider including China in NATO's official master strategy document, its "Strategic Concept", diplomats cited the report as saying, though it will stop short of declaring the country an adversary. TensionsIn other recommendations, the report will suggest that NATO foreign ministers meet more regularly and will call for a strengthening of the secretary-general's role as an international mediator. The report will be discussed by NATO foreign ministers on Tuesday before being presented to the alliance's heads of state and government next year.
Persons: Emmanuel Macron, Jens Stoltenberg, China's, Donald Trump's, Joe Biden, Organizations: NATO, NBC, NATO —, Trump Locations: China, Russia, NATO, Africa, Australia, Russian, Soviet, Crimea, Ukraine, Europe
Bozzi is among thousands of people who have shared memories of loved ones on The AIDS Memorial Instagram account. While remembering those lost to AIDS is often relegated to World AIDS Day on Dec. 1, this social memorial honors them year-round. Ron Sese, a volunteer for The AIDS Memorial, said preserving history was among the memorial's inspirations. 'Lying there in my "deathbed"'While most of the AIDS Memorial posts are about loss, some are about survival and perseverance. Taylor's post ends with a poignant thought that encapsulates the mission of The AIDS Memorial.
Persons: Bruce Bozzi Jr, Tommy, Tommy Grella, Stuart, , Ron Sese, Sese, they've, Marie Jose, Boris, Jose, I'd, Exotica, Aaron Holloway's, Holloway, Renee Taylor, Taylor, She'd Organizations: AIDS, Times, NBC, Twitter, Facebook Locations: New York, Scotland, United States, England, Australia, Canada, Brazil, Ecuadorian, Queens , New York, Texas, West Virginia
Chinese embassy says Australia 'misread' offending social media post
  + stars: | 2020-12-01 | by ( Kirsty Needham | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: Chinese Foreign Ministry spokesman Zhao Lijian attends a news conference in Beijing, China September 10, 2020. REUTERS/Carlos Garcia RawlinsAustralia’s Prime Minister Scott Morrison on Monday called the tweet posted by China’s foreign ministry spokesman, Zhao Lijian, “truly repugnant”, and called for an apology. On Tuesday the tweet was pinned to the top of Zhao’s social media account, and China’s Global Times newspaper, known for nationalistic views, interviewed the Chinese artist who created the image. Australia was seeking to “stoke domestic nationalism”, and “deflect public attention from the horrible atrocities by certain Australian soldiers”, it said. Australia has said there looks to be a pattern of Chinese trade sanctions against Australian products this year, linked to Beijing’s diplomatic grievances over Australia’s national security, human rights and foreign policy decisions.
Persons: Zhao Lijian, Carlos Garcia Rawlins, Scott Morrison, Monday, , overreaction, Mr Zhao’s, Cheng Jingye, Cheng, Jacinda Ardern, Morrison, Ashraf Ghani Organizations: SYDNEY, Foreign Ministry, REUTERS, Carlos Garcia Rawlins Australia’s, China’s Global Times, Australia’s Foreign Affairs, Trade, stoke, Zealand’s Locations: Australia, stoke, Beijing, China, Canberra, Zealand, Afghanistan
New Zealand raises concerns with China over Australian soldier image
  + stars: | 2020-12-01 | by ( Praveen Menon | ) www.reuters.com sentiment -0.97   time to read: +2 min
WELLINGTON (Reuters) - New Zealand’s prime minister, Jacinda Ardern, said on Tuesday that her government has raised concerns with China about its using an image of an Australian soldier holding a knife to the throat of an Afghan child. “New Zealand has registered directly with Chinese authorities our concern over the use of that image,” Ardern told reporters in the parliament in the capital Wellington. New Zealand has a shared history, close cultural ties, geographic proximity and a strong economic relation with Australia. New Zealand will host the Asia-Pacific Economic Cooperation (APEC) next year, taking over from Malaysia, where the global event was held this year. Australia’s relationship with China has deteriorated since Canberra called for an international inquiry into the origins of the coronavirus pandemic.
Persons: Jacinda Ardern, ” Ardern Organizations: WELLINGTON, Reuters, Twitter, World Health Organization, WHO, Economic Cooperation Locations: China, Australia, Beijing, , Zealand, Wellington, New Zealand, Britain, Canada, United States, Hong Kong, Beijing . New Zealand, Asia, Malaysia, Canberra
SINGAPORE — Shares in Asia-Pacific were higher in Tuesday morning trade as investors await the release of a private survey of China's manufacturing activity. Shares in Australia also edged higher, as the S&P/ASX 200 rose 0.59%. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.18% higher. The Caixin/Markit manufacturing Purchasing Managers' Index for November is expected to be out at around 9:45 a.m. HK/SIN on Tuesday. On Monday, the official manufacturing PMI for November came in at 52.1, according to the National Bureau of Statistics — the highest reading in more than three years.
Persons: Korea's Kospi Organizations: Nikkei, Japan, PMI, National Bureau, Statistics, Reserve Bank of Australia Locations: SINGAPORE, Asia, Pacific, Japan, Australia
Unilever is testing a four-day work week in New Zealand
  + stars: | 2020-12-01 | by ( Michelle Toh | Cnn Business | ) edition.cnn.com + 0.98   time to read: +1 min
Hong Kong (CNN Business) Unilever (UL) has become the latest major company to hop on the four-day work week bandwagon, lending credence to the idea that flexible working is here to stay. On Tuesday, the distributor of Lipton's tea, Dove soap and Ben & Jerry's ice cream announced it would test shorter working hours for all its employees in New Zealand, letting them decide which four days they'd prefer to work each week. The consumer giant has 81 staff members in the country, who will be allowed to work compressed schedules with full pay as the University of Technology Sydney in Australia helps track their progress. Unilever said that if all goes well, the company will consider whether to shake up its workflow on a wider scale. "We hope the trial will result in Unilever being the first global company to embrace ways of working that provide tangible benefits for staff and for business," Nick Bangs, managing director of Unilever New Zealand, said in a statement.
Persons: Nick Bangs, Read Organizations: CNN Business, Unilever, University of Technology, Unilever New Locations: Hong Kong, New Zealand, University of Technology Sydney, Australia, Unilever New Zealand
China's Tianqi Lithium gets 1-month reprieve on $1.9 billion loan repayment
  + stars: | 2020-12-01 | by ( ) www.cnbc.com sentiment -1.00   time to read: +2 min
A man works in a factory of lithium batteries in Huaibei in central China's Anhui province Saturday, Nov. 14, 2020. China's Tianqi Lithium said on Monday it had signed a letter with a syndicate of banks to extend by a month the maturity date on $1.884 billion of loans that were due for repayment at the end of November. The last-minute reprieve gives the company and its lenders, led by China Citic Bank, until Dec. 28 to sign a modified loan agreement, Tianqi said in a Shenzhen Stock Exchange filing. Tianqi, alongside Albemarle Corp, jointly operates the Greenbushes lithium mine in Australia, where it also owns the Kwinana processing plant. Tianqi paid $4.1 billion for the SQM stake, taking on $3.5 billion of debt to finance the acquisition.
Persons: SQM, Tianqi Organizations: China Citic Bank, Shenzhen Stock Exchange, Daiwa, Markets, Albemarle Corp Locations: Huaibei, China's Anhui, Tianqi, Shenzhen, Australia, Kwinana, China
Dollar loses some bounce as focus shifts to Fed
  + stars: | 2020-12-01 | by ( ) www.cnbc.com + 0.00   time to read: +4 min
An under pressure U.S. dollar handed back part of its month-end bounce on Tuesday, as investors reckoned on more monetary easing by the Federal Reserve and a gathering recovery elsewhere. The risk-sensitive Australian and New Zealand dollars edged higher, with the Aussie up 0.3% and the kiwi up 0.5%. The euro rose 0.3%, though all three currencies remained below where they sat before Monday's dollar bounce. Investors are heavily short dollars as optimism about promising vaccine trials drives buying of riskier currencies and higher yielding assets outside the United States. Against a basket of currencies the dollar was a fraction softer at 91.825, after struggling to find traction above 92.000 on Monday.
Persons: Sterling, There's, Jason Wong, Jerome Powell, mull, Powell, Philip Lowe's, Michel Barnier, David Frost, Chris Weston, Bitcoin Organizations: Federal Reserve, New, Fed, Pfizer, Moderna, Reserve Bank of Australia, European Union, EU Locations: United States, Asia, Britain, London, Melbourne
Australia-China relations have hit 'rock bottom': Orient Capital Research
  + stars: | 2020-12-01 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Australia-China relations have hit 'rock bottom': Orient Capital ResearchOrient Capital Research's Andrew Collier discusses the People's Bank of China and how a Biden administration could help "professionalize" U.S.-China relationship and Australia could use that opportunity to negotiate for a more "regular relation" with China.
Persons: Andrew Collier, Biden Organizations: Orient Capital Research Orient Capital, People's Bank of China Locations: Australia, China
Time for 'cooling' in Australia-China tensions, says former trade minister
  + stars: | 2020-12-01 | by ( ) www.cnbc.com sentiment -0.74   time to read: 1 min
Time for 'cooling' in Australia-China tensions, says former trade ministerAustralia and China should also go through the World Trade Organization to resolve their disputes objectively, says Craig Emerson, managing director of Emerson Economics and former Australian trade minister.
Persons: Craig Emerson Organizations: World Trade Organization, Emerson Economics Locations: Australia, China
'Losing China' is an issue, but Australian exports are still competitive: S&P Global PlattsMore trade diversification will be "very good" for Australia, but it will have to price its export products like wheat or barley competitively to attract other buyers should China halt imports, says Andrei Agapi at S&P Global Platts.
Persons: Andrei Agapi Organizations: P Global Platts, P Global Locations: Australia, China
TikTok creators hoping to boost their visibility are paying for verification on the app. TikTok creators are paying up to $1,000 to gain verification on the app through a shadowy group of brokers who claim to have sources within the company. On one group chat of TikTok creators, another user claimed they were approached and quoted $1,500 to be verified. Being verified boosts a creator's creds with brands and agenciesThere is, on the surface, little benefit to being verified on TikTok. The app's main For You feed doesn't appear to prioritize verified creators, and there aren't significant improvements on experience for verified creators.
Persons: I've, Zoe Glatt, TikTok Organizations: Business, Facebook, London School of Economics Locations: Canadian, TikTok, Australia
REUTERS/Issei KatoMSCI’s broadest index of Asia-Pacific shares outside Japan added 1.08% after closing the month 9% higher, the best November since 2001. MSCI’s gauge of stocks across the globe was 0.18% higher and E-Mini futures for the S&P 500 were up 0.9%. The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year were adding to the optimistic sentiment in the market, analysts said. Oil prices were slightly lower on uncertainty about whether the world’s major oil producers would agree to extend deep output cuts at talks this week. U.S. crude eased back 35 cents to $44.99 a barrel on Tuesday, while Brent crude futures were 33 cents lower at $47.55.
Persons: Issei Kato, we’ve, , John Woods, Australia’s, Stephen Miller, “ We’ve, Hamish Tadgell, , Steve Sosnick, pip Organizations: SYDNEY, Nikkei, REUTERS, Asia Pacific Chief, Credit Suisse’s Private Bank, , China PMI, GSFM Funds, SG Hiscock, Company, ” Moderna Inc, Interactive, U.S . Congress, Benchmark, U.S, Treasury, Brent Locations: Tokyo, Japan, Asia, Pacific, China’s, China, South Korea, U.S
The MSCI world equity index, which tracks shares in 49 countries, was up 0.4% by 0849 GMT. The dollar index was last down 0.3% to 91.706. Elsewhere sterling hit a three-month high as traders clung to hopes for a Brexit trade deal before the year’s end, while risk-related currencies such as the Canadian and Aussie dollar rose against the greenback. Reflecting the upbeat mood, copper prices rose with Shanghai prices hitting a more than eight-year high, helped by the robust Chinese data. Oil prices however were slightly lower after leading producers delayed talks on 2021 output policy, while the coronavirus pandemic continued to sap fuel demand.
Persons: Issei Kato, , Mark Haefele, Australia’s, Stephen Miller, Jerome Powell Organizations: MILAN, Nikkei, REUTERS, Fed, Pfizer, Moderna, AstraZeneca, U.S, UBS Global Wealth Management, Japan’s Nikkei, GSFM Funds, Moderna Inc, greenback, The, U.S . Congress, Central Bank, Brent Locations: SYDNEY, China, Tokyo, Japan, United States, Zurich, , U.S, Europe, Asia, Pacific, China’s, The U.S, Shanghai, OPEC
NEW YORK/ZURICH/LONDON/MUMBAI (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. REUTERS/Eduardo MunozLATEST- The online shopping habitRISE OF THE MACHINES. That would outpace Black Friday’s $9 billion online sales haul, which was itself a new peak. Assume Chief Executive Robert Swaak succeeds in cranking costs down to 4.7 billion euros a year and revenue stabilises at 7.4 billion euros. The bank will only buy back shares when its common equity Tier 1 capital ratio rises above a chunky 15%.
Persons: Eduardo Munoz, PlayStations, Anna Szymanski, Richard Beales, Ed Cropley, It’s, Rob Cox, Robert Swaak, Swaak, Christopher Thompson, Una Galani Organizations: Reuters, Corona, REUTERS, Adobe Analytics, AAA, Uber Technologies, Bank, SWISS MISS, didn’t, ABN Amro, Canberra, Wine Estates, Oxford Locations: ZURICH, LONDON, MUMBAI, Macy's, Manhattan , New York, U.S, United States, Ivory Coast, Ghana, Kenya, Zambia, Treasuries, China, SWISS, Alpine, It’s, Amsterdam, Australia, People’s Republic, Una
NEW YORK/ZURICH/LONDON/MUMBAI (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. REUTERS/Carlo AllegriLATEST- DoorDash IPO- African debtYOUR IPO IS ON THE WAY. The cake part is the surge in demand for home-delivered meals thanks to distancing measures designed to limit the coronavirus pandemic. Assume Chief Executive Robert Swaak succeeds in cranking costs down to 4.7 billion euros a year and revenue stabilises at 7.4 billion euros. The bank will only buy back shares when its common equity Tier 1 capital ratio rises above a chunky 15%.
Persons: Carlo Allegri, Richard Beales, Ed Cropley, It’s, Rob Cox, Robert Swaak, Swaak, Christopher Thompson, Una Galani Organizations: Reuters, Corona, REUTERS, Uber Technologies, Bank, SWISS MISS, didn’t, ABN Amro, Canberra, Wine Estates, Oxford Locations: ZURICH, LONDON, MUMBAI, Manhattan, New York City , New York, U.S, United States, Ivory Coast, Ghana, Kenya, Zambia, Treasuries, China, SWISS, Alpine, It’s, Amsterdam, Australia, People’s Republic, Una
NATO must focus more on challenge of rising China - report
  + stars: | 2020-11-30 | by ( Robin Emmott | Sabine Siebold | ) www.reuters.com sentiment -0.98   time to read: +2 min
It is the rising power of our century and NATO must adapt,” said one NATO diplomat who has seen the report, pointing to Chinese activity in the Arctic and Africa and to its heavy investments in European infrastructure. The 30-member alliance could also forge closer ties with non-NATO countries such as Australia and focus more on deterrence in space, where China is developing assets, the report suggests. NATO should consider including China in NATO’s official master strategy document, its “Strategic Concept”, diplomats cited the report as saying, though it will stop short of declaring the country an adversary. TENSIONSIn other recommendations, the report will suggest that NATO foreign ministers meet more regularly and will call for a strengthening of the secretary-general’s role as an international mediator. The report will be discussed by NATO foreign ministers on Tuesday before being presented to the alliance’s heads of state and government next year.
Persons: Emmanuel Macron, , Donald Trump’s ‘, Joe Biden Organizations: NATO, Trump Locations: BRUSSELS, BERLIN, China, Russia, “ China, NATO, Africa, Australia, Russian, Soviet Union, Crimea, Ukraine, Europe
HONG KONG (Reuters) - Prince Wong was still in her mother’s womb when the Chinese government reclaimed control over Hong Kong from the British in the summer of 1997. She was born nearly three months later, on September 27, into what some here call the city’s “cursed generation.”FILE PHOTO: U.S. President Bill Clinton talks with Hong Kong pro-democracy leader Martin Lee during a bilateral meeting in Hong Kong, China, July 3, 1998. His apartment looks over the hills of Hong Kong, forested with a mix of trees and skyscrapers. After the Hong Kong government postponed the elections for a year, the United States imposed unprecedented sanctions on Hong Kong and Chinese officials. “I may not be there to see democracy coming to Hong Kong or coming to China, but it will come one day.
Persons: Prince Wong, Bill Clinton, Martin Lee, Rick Wilking, Wong, , Carrie Lam, ” Wong, ” “, , , Martin, Lee, gaunt, Martin Luther King Jr, Mahatma Gandhi, Hong, don’t, “ They’ve, Finn Lau, laam, it’s, Lau, Joshua Wong, Lee Cheuk, ” Martin Lee, ” Lee, he’s, who’ve, Hong Kongers, ” Lee shrugs, Dave, , ” Dave, netizens, “ We’ve, Eli, ” Eli, ’ ”, , Eli finally, she’s, I’m, Yau Ma, Hong Kong’s wilder Organizations: Reuters, Hong, REUTERS, Hong Kong Polytechnic University, City, Government, Beijing, Chinese Communist Party, Poly, Polytechnic University, Liberation Army, Hong Kong Coliseum, Drainage Services Department, Kwun Yum, Lingnan University, ” Reuters Locations: HONG KONG, Hong Kong, China, Hong Kong’s, Beijing, Britain, , Beijing’s, United States, tamping, Hong, Victoria Harbour, Kowloon, Canada, Taiwan, Australia, Tibet, Xinjiang,
ZURICH/LONDON/MUMBAI (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. LATEST- Swiss vote- ABN Amro- Australian wineSWISS MISS. Assume Chief Executive Robert Swaak succeeds in cranking costs down to 4.7 billion euros a year and revenue stabilises at 7.4 billion euros. Unlike wine, however, Australian iron ore may be less easy for China to substitute.
Persons: It’s, Rob Cox, Robert Swaak, Swaak, Christopher Thompson, Una Galani Organizations: Reuters, Corona, ABN Amro, SWISS MISS, didn’t, Canberra, Wine Estates, Oxford Locations: ZURICH, LONDON, MUMBAI, Beijing, China, SWISS, Alpine, It’s, Amsterdam, Australia, People’s Republic, Una
She planned to return to Australia every two weeks to spend time with her kids. "Australians have been, and continue to be, exposed to potentially unnecessary restrictions on their rights and freedoms," Croucher said. He must now quarantine for two weeks in Perth and board another government flight to Sydney on his release. Australia will extend the international air passenger caps until Jan. 31, with further increases possible if additional quarantine places become available. Morrison, the prime minister, had said previously that the goal was to have all Australians home by Christmas.
Persons: Desalyn Bowyer hasn't, couldn't, Bowyer, Little, Desalyn Bowyer, William, Chloe, Scott Morrison, Rosalind Croucher, Croucher, Benjamin Pisani, Ben Pisani, Pisani, Morrison, Marise Payne didn't Organizations: Australia's Department of Foreign Affairs, Trade, NBC, Australian Human Rights, Senate, Australian Human Rights Commission, Australia, Perth —, Facebook, Foreign Affairs Locations: Sydney, Hong Kong, Australia, Covid, London , New Delhi, Johannesburg, Melbourne, Greece, Canberra, Perth, Athens, London
Chinese ‘Wolf Warrior’ Diplomat Enrages Australia With Twitter Post
  + stars: | 2020-11-30 | by ( David Winning | ) www.wsj.com sentiment -0.89   time to read: 1 min
SYDNEY—The picture was shocking: an Australian soldier apparently holding a knife to the throat of an Afghan child. Just as appalling for Australia’s government, which said the image was doctored, was that it was tweeted by a Chinese Foreign Ministry spokesman to his more than 780,000 followers. The photo, with a caption saying, “Don’t be afraid, we are coming to bring you peace!,” was posted on the Twitter account of Foreign Ministry spokesman Zhao Lijian and is the latest example of a combative approach by China’s once low-key...
Persons: “ Don’t, , Zhao Lijian, China’s Organizations: SYDNEY, Foreign Ministry
Tokyo Stock Exchange CEO resigns over system failure
  + stars: | 2020-11-30 | by ( Takashi Umekawa | ) www.reuters.com + 0.00   time to read: +2 min
TOKYO (Reuters) - The head of the Tokyo Stock Exchange (TSE) stepped down over a system failure last month, the bourse’s operator said on Monday, after the disruption halted trade for an unprecedented full day and drew a rebuke from the regulator. Japan’s financial regulator ordered the TSE and Japan Exchange Group to improve practices at the bourse. The glitch was also an embarrassment for Fujitsu Ltd, which developed the bourse’s “Arrowhead” trading system. Kiyota will take a 50% pay cut for four months, while two other executives will take cuts of 20% and 10%, Japan Exchange Group said. The exchange has said the glitch was the result of a hardware problem at the “Arrowhead” trading system and a subsequent failure to switch to a back-up.
Persons: Akira Kiyota, Koichiro Miyahara, Miyahara, ” Kiyota, Kiyota Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, TSE, Japan Exchange Group, bourse, Fujitsu Ltd, Arrowhead, Fujitsu, Tokyo bourse, Financial Services Agency Locations: TOKYO, Australia, Europe, New Zealand, Japan, Tokyo
In first for Australia, prime minister speaks to parliament on video link
  + stars: | 2020-11-30 | by ( Colin Packham | ) www.reuters.com sentiment -0.99   time to read: +2 min
SYDNEY (Reuters) - Prime Minister Scott Morrison became Australia’s first leader on Monday to make an appearance before parliament by video link, as he spends time in quarantine following a recent trip to Japan. FILE PHOTO: Australian Prime Minister Scott Morrison arrives at Haneda airport in Tokyo, Japan, November 17, 2020. REUTERS/Issei KatoWhile not the first such session by a world leader, with British Prime Minister Boris Johnson having addressed parliament online, Morrison spoke to Australian lawmakers on a big screen television placed at the back of the House of Representatives. Morrison, who last week became the first world leader to meet Japanese Prime Minister Yoshihide Suga, spoke on the coronavirus, which Australia has largely contained, and aspects of the country’s economic recovery. With infections curtailed, authorities in Victoria said they would resume a system of hotel quarantine for locals returning from overseas.
Persons: Scott Morrison, Australia’s, Issei Kato, Boris Johnson, Morrison, Yoshihide Suga, Organizations: SYDNEY, Australian, REUTERS, British Locations: Japan, Tokyo, Australia, Victoria, Melbourne
Australia central bank seen holding cash rate at record low: Reuters poll
  + stars: | 2020-11-30 | by ( Swati Pandey | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: An ibis bird perches next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel MunozSYDNEY (Reuters) - The Reserve Bank of Australia (RBA) will likely hold its cash rate at a historic low of 0.1% at its monthly policy meeting on Dec. 1, showed a Reuters poll of 15 economists. The central bank is also likely to maintain its A$100 billion ($73.93 billion) quantitative easing programme, buying five- to 10-year government bonds, the poll showed. “Accordingly, we expect the RBA governor to repeat existing policy guidance,” Ticehurst said. Also on Wednesday, data will likely show Australia’s A$2 trillion economy rebounded sharply from its first recession in three decades, showed a separate Reuters poll of economists.
Persons: Daniel Munoz SYDNEY, , Nomura, Andrew Ticehurst, Guy Debelle, Debelle, , ” Ticehurst Organizations: Reserve Bank of Australia, REUTERS Locations: Sydney, Australia, RBA
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