News Archive - Page 1114 of 1421

06:44 AM

Sun 25 May. 2025

Stocks of interest on the Australian Securities Exchange on Wednesday

The Australian dollar has dropped 0.8 of a US cent after the central bank cut interest rates by 50 basis points

Australian shares rise after the Reserve Bank of Australia cuts official interest rates by 50 basis points .

Japan's Mitsubishi and Mitsui & Co will spend $US2 billion buying part of Woodside Petroleum's majority stake in the Browse gas project.

The central bank has slashed interest rates to their lowest level in two years, and there could be more cuts on the way.

Property developer Stockland says there has been only a mild uptick in market conditions in April.

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