Australian inflation has biggest ever quarterly fall dropping 1.9% partly due to free childcare

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Australian inflation has biggest ever quarterly fall dropping 1.9% partly due to free childcare

Australia experienced deflation for the year to June and economists expect the Covid-19 recession will keep prices low. Children play at the Robertson Street Kindy childcare centre in Helensburgh, south of Sydney. Childcare costs tumbled 95% in the June …
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UPDATE 2-Wizz Air sees bumpy recovery for airlines on on/off restrictions

(Adds CEO comments, share price). By Sarah Young. LONDON, July 29 (Reuters) – Hungarian low-cost carrier Wizz Air said off and on-again COVID-19 restrictions meant the travel industry’s recovery would be bumpy, and it could not provide financial …
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Share market update: Auto shares down; M&M dips 2%

NEW DELHI: Auto shares were trading in the red in Wednesday’s session. Shares of Mahindra & Mahindra (down 1.68 per cent) , Maruti Suzuki (down 1.45 per cent) , Bharat Forge (down 1.42 per cent) , Hero MotoCorp (down 0.78 per cent) , MRF (down 0.28 …
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BOJ won't rule out deeper negative rates to combat pandemic hit: deputy governor Amamiya

TOKYO (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya said the central bank will not rule out deepening negative interest rates as part of efforts to cushion the economic blow from the coronavirus pandemic. FILE PHOTO: Bank of Japan …
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Dr Reddy's Q1 results: Profit falls 13% YoY to Rs 579 crore, still beats expectations

Dr Reddy’s Laboratories on Wednesday posted a 12.59 per cent year-on-year (YoY) drop in net profit at Rs 579.30 crore for the quarter ended June 30. It had posted a net profit of Rs 662.80 crore in the corresponding quarter last year. Analysts in an ET NOW …
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