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RBA governor Philip Lowe

Global Economy

Australia holds key rate, wagers property will lift spirits

(Nov 11): Australia kept interest rates unchanged on Nov 5, betting that a rebound in property prices will increase household wealth and confidence and see consumers more willing to part with their cash.

From cars to confectionery: Australia's manufacturers revamp business

SYDNEY (Oct 10): For autoparts maker Brian Hughes, the shock of Australia's car industry closing down could have meant the end of his business. Instead, he reconfigured his facility to make machinery for the booming food and building sectors while bol
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