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  • Reuters

    Australia central bank raises rates to 10-yr high, says more needed

    Australia's central bank on Tuesday delivered a widely expected interest rate hike at its last policy decision of 2022 and said more hikes are still needed ahead as policymakers seek to rein in inflation. Wrapping up its December policy meeting, the Reserve Bank of Australia (RBA) lifted its cash rate by 25 basis points to a 10-year peak of 3.1%, the eighth hike in as many months. All 30 economists polled by Reuters had expected the RBA to go for another modest 25 basis point hike, its third in a row after a sucession of half-point hikes.

  • Bloomberg

    Australia Raises Key Rate, Reiterates Further Tightening to Come

    (Bloomberg) -- Australia’s central bank raised its key interest rate for an eighth consecutive month and said it expects to tighten further as policy makers combat the hottest inflation in three decades.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapElon Musk’s Impossible Electric Truck Is Getting the Last LaughAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling Apar

  • Business Wire

    Mangata Networks announces new space engineering, manufacturing, and operations hub in Prestwick

    GLASGOW, United Kingdom, December 06, 2022--Mangata Networks, an innovative satellite-enabled cloud services company, has announced it has chosen Scotland as the location for its research & development activities as well as satellite manufacturing, space systems and core network operations.