Reserve Bank minutes reveal decision to cut rates was deeply debated, with concerns low rates could backfire

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Reserve Bank minutes reveal decision to cut rates was deeply debated, with concerns low rates could backfire

The Reserve Bank of Australia’s (RBA) October interest rate cut was deeply debated among board members who feared it may backfire, driving up house prices and failing to boost the economy. Minutes of the October Reserve Board meeting which saw the …
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$38m Powerball: Why professors of statistics play Lotto too, when the prize is big enough

This story was first published in November 2016. It’s being republished today as the jackpot is $38m this week. Powerball has jackpotted to $38 million, which makes it a mathematically good day to play Lotto. Big jackpots drive sales, which should mean this …
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Dow Futures Jump Higher, Global Stocks Gain Ahead of Heavy Q3 Earnings Slate

Global stocks trade cautiously higher ahead of the start of the third quarter earnings season, but mounting geo-political risks keep gains in check. Japan’s Nikkei 225 surges to multi-month highs in first trading day since Friday’s U.S.-China trade detente, while …
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Seplat to Buy Eland as It Pursues No. 1 Spot Among Nigeria E&Ps

Seplat Petroleum Development Co. agreed to buy Eland Oil & Gas Plc, adding resources in Nigeria as it seeks to become the country’s biggest independent exploration and production company. The acquisition of Eland, whose main asset is the OML 40 …
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Hong Kong Protesters Rage Against Corporate China's Growing Control

The black-clad protesters pushing back against China's influence in Hong Kong aren't just focusing on Carrie Lam and the police. They're also
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