Minutes of the Reserve Bank of Australia May monetary policy meeting noted that Board members agreed there was not a strong case for near-term move in policy, given current circumstances, board agreed next move in rates likely to be up, rather than down.
Annual wage growth climbed 2.1 per cent, in-line with forecasts, but only just above the all-time trough of 1.9 per cent and barely ahead of consumer price inflation. Financial markets are wagering this steady spell could last well into 2019.
With inflation running at 1.9 per cent, that means in real terms most workers have not seen any growth in their wages over the past year.
Australia's jobless rate has remained stubbornly stuck around 5.5 percent and levels of underemployment - those already working but wanting more hours - are near historical highs, a major factor weighing on wages.
"There is a risk it may take a lower unemployment rate than we now expect, to generate a sustained move higher [in wages growth]", asserts Debelle.
Microsoft to launch smaller, low-priced Surface devices The good news is that Microsoft is finally planning to launch low-priced Windows 10 tablets under the Surface brand. Apple launched a new version of the $329 iPad in March, with a faster processor and Apple Pencil stylus support.
Statoil to become Equinor from May 16 Statoil shares are trading higher Tuesday as the Norwegian energy company prepares to change its 50-year old name. This entails that May 15, 2018 is expected to be the last day of trading on Oslo Børs under the ticker "STL".
Indeed, the RBA expects the unemployment rate to stay there by year-end.
Normally, I wouldn't quibble about decimal points but RBA deputy governor Guy Debelle's recent statement at the CFO Forum held in Sydney yesterday, quipped that "Recent data on wages provides some assurance that wages growth has troughed".
Meanwhile, the S&P/ASX 200 index traded 0.16 percent lower at 6,112.5 by 03:50 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at 53.56 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend).
The RBA said stricter lending criteria by banks had helped in containing the build-up of risk on household balance sheets.
Despite AWS's previous involvement within the blockchain technology space, their partnership with Consensys is a big deal. Blockchain projects by ConsenSys seem to be gaining traction in India as well.
During the cathechesis, the pope explained the significance of the white garment worn when receiving the sacrament. Israel claims that Hamas is spurring the violence and using it for cover for attacks.
Thomas Steyer decreased its stake in Time Warner Inc ( TWX ) by 49.36% based on its latest 2017Q4 regulatory filing with the SEC. Finally, Independent Franchise Partners LLP boosted its position in shares of Time Warner by 1.7% in the fourth quarter.
Newsstand provides Just subscribe to a book and see its most recent articles in Google's mobile-optimized AMP standard. Last week at its annual I/O developer conference, Google unveiled its new AI-powered " Google News " application.
The two parties dismissed the version as "old" and said they were no longer questioning the country's euro membership. The draft accord is likely to cause concern in Brussels and at European Central Bank headquarters in Frankfurt.
He died in December 2013 at 95, and Barcelona wore black armbands during a Copa del Rey game against Cartagena in his memory. Mandela, who was born on July 18, 1918, served as president of South Africa from 1994 to 1999.
The film, by Spike Lee , stars Corey Hawkins and Topher Grace and takes on the checkered history of the Ku Klux Klan. Luckily for Kristen, she had the ideal black polish on her nails and her shoe removal gave them some time to shine.
The autoplay-video blocker is created to fix one of the greatest problems of the Internet: autoplaying videos on websites. For some HTML5 games, users could re-enable audio by interacting with the game's canvas via a click-to-play interaction.
The U.S. dollar rallied against a basket of major currencies on Tuesday to its highest since December, helped by a rise in U.S. Contracts for the S&P 500, Dow Jones and Nasdaq were all directionless as the Stoxx Europe 600 Index drifted.
Killeya-Jones transferring to NC State
Killeya-Jones was a McDonald's All-American and a two-time all-state selection at Virginia Episcopal in Lynchburg. The 6-5 guard averaged 14.3 points and 6.5 rebounds per game at Florida International last season.
Cowen Trims US Steel (X) Target Price to $37.00
Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset trade optimism following U.S. Going move backward a period of six month analysis we come to know that stock soared 5.26% giving rising alert for Investors.
DirecTV Now cloud DVR goes live for all customers
The new version of the DirecTV Now app will be available for Android, Amazon Fire TV , and Roku devices in the next few weeks. And users will be able to access their local channels, like ABC, CBS, FOX and NBC, when they're away from their home market.
Al Ahly coach resigns after defeat to Uganda's KCCA FC
Swallows have four points, former champions Etoile Sahel of Tunisia three and Zesco United of Zambia and Primeiro one each. In the other Group A match, Tunisian giants Esperance walloped Rollers 4-1 in Rades, inspired by a brace from Anice Badri .
Ex-lawmaker: Naked man tackled on Alaska Airlines flight
Johnny Ellis tweeted about what he saw as the plane was approaching Anchorage, according to the Associated Press . The passenger reportedly removed his clothes and ran the length of the cabin about 20 minutes before landing .
Novartis lawyer steps down over Trump lawyer payment
He said the company continued to pay him because it feared litigation over a premature termination of the agreement. He will retire at the start of June, to be replaced by current Novartis ethics chief Shannon Thyme Klinger.
Oil pulls back from multi-year highs on China economy fears
Crude oil production in March was around 3.76 million bpd, flat compared with the average levels in January and February. U.S. shale oil production is expected to rise by about 145,000 bpd to a record 7.18 million bpd in June, the U.S.