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  • RBA faced with vastly different situation
    Business
    Australian Associated Press

    RBA faced with vastly different situation

    Philip Lowe and his Reserve Bank board members will sit down to a markedly different set of circumstances when they meet on Tuesday compared to just a month earlier.Back in early July, Governor Lowe was lauding the economy for bouncing back earlier and stronger than expected.

  • AMP in another fee for no service scandal
    Business
    Australian Associated Press

    AMP in another fee for no service scandal

    Wealth manager AMP is embroiled in another fees for no service controversy - this time with superannuation customers.The Australian Securities and Investments Commission (ASIC) alleges six AMP companies charged more than $600,000 in advice fees to 1500 customers despite being told they could no longer access the advice.

  • China buyers re-emerge
    Business
    Australian Associated Press

    China buyers re-emerge

    World share markets have been back on the climb as the US Federal Reserve signalled it was in no rush to taper stimulus and reassurances from Beijing saw beaten-up Chinese stocks leap off the canvas.There was also some promising news on the long-awaited US infrastructure bill as the Senate voted overnight to move ahead on the $1.