“Further data on the speed of New Zealand’s economic recovery, the persistence of inflation, and the impacts of tariffs will influence the future path of the Official Cash Rate,” the RBNZ said in a statement. “If medium-term inflation pressures continue to ease as projected, the Committee expects to lower the Official Cash Rate further.”
Chandra Daya raised 2.37 trillion rupiah ($146 million) in its IPO, the largest in Indonesia this year. Investors submitted bids for more than 560 times the amount of shares on offer, demonstrating the appeal of firms associated with Pangestu. His coal-producing unit PT Petrindo Jaya Kreasi has jumped more than 5,000% since it listed in […]
In the US, choppy oil prices are limiting drilling, with the Energy Information Administration trimming its crude output growth estimate this year by about 50,000 barrels a day to 160,000 barrels a day. The rig count has declined steadily and is near four-year lows.
The airline’s analysis since the breach took place suggests that the financial impact for customers is limited, at least for now. There were no credit card details or financial information in the compromised system, and the data that was stolen isn’t enough to gain access to frequent flyer accounts, Qantas said.
The country now has about 28 gigawatts of capacity under construction, compared with around 43 gigawatts in operation, researchers said in a new report. Projects under construction represent about 41% of China’s planned development. Globally, work has started on just 2% of such blueprints, researchers said.