Local miners have recorded the largest quarterly decline in profitability since the global financial crisis as falling thermal coal and gas prices hit resource sector earnings and government budgets.
Slowing economic growth and falling inflation underpin market expectations the cash rate will almost certainly be left on hold at 4.1 per cent at outgoing Reserve Bank of Australia governor Philip Lowe’s final board meeting on Tuesday. “We are earning just pure cream, and so every little bit of prices is one-for-one eating into profits right now.”
“A China slowdown is more an issue for the commodity exporters than it is for the world as a whole,” Mr Richardson said.
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
A mining company wants to explore Nick's farm, but he's worried — what happens if they find something?A mining company wants to explore Nick's farm for rare earth elements — but he's worried about what would happen to his farm if exploration turns into actual digging.
ادامه مطلب »