Categories
Economy Recession

Aussie Dollar Hits Decade Low

#RBA #CashRate #Australia #HeiseSays The Australian Dollar has dropped to a decade low. References Dollar hits decade low after RBA cuts rate to 0.75pc to head off rising unemployment https://www.abc.net.au/news/2019-10-01/rba-cuts-rate-to-new-low-of-0.75pc/11562908?section=business https://tradingeconomics.com/australia/currency

Categories
Economy Recession

The RBA Cut Rates to 0.75%

#RBA #CashRate #Australia #HeiseSays The Reserve Bank of Australia has cut the cash rate to a record low of 0.75%. Will the confidence hit to the market outweigh any benefit? References Statement by Philip Lowe, Governor: Monetary Policy Decision https://www.rba.gov.au/media-releases/2019/mr-19-27.html

Categories
Economy

Dominoes’ Closes 22 Franchisees

#DominoesPizza #DMP #ASX Dominoes’ Pizza has taken over 22 Franchisees stores with their overall profit down 4.6%. A sign of the retail recession or simply the challenges of the Franchise business model? References Domino’s cuts 22 ‘underperforming franchisees’: Profit down 4.6% to $116m https://www.news.com.au/finance/business/retail/dominos-cuts-22-underperforming-franchisees-profit-down-46-to-116m/news-story/ecf4db98a9a84312f267cd757123933b