Bloomberg Business

Australia Unexpectedly Raises Key Rate, May Tighten Further

Australia’s central bank unexpectedly raised its key interest rate and kept the door open to further hikes, fretting that policy needs to be tighter in order to be confident that inflation will return to target in mid-2025.

Emirates Says Back in Market Soon for Order of Up to 150 Jets

Emirates Airline is close to a substantial aircraft order of as many as 100 to 150 jets as it prepares to replace its fleet of Airbus SE A380 double-decker planes due to come offline early next decade, President Tim Clark said.

China’s Citic Cuts Banker Pay by 15% in Common Prosperity Drive

Citic Securities Co., one of China’s top investment banks, is slashing basic salaries by up to 15% for some bankers to comply with President Xi Jinping’s “common prosperity” campaign, according to people familiar with the matter.

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