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Australia’s economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption, according to new forecasts to be unveiled by Treasurer Jim Chalmers in Tuesday’s budget. Budget papers are set to show gross domestic product (GDP) for fiscal 2023-2024 will be downgraded to 1.5% from …

Phat Dat, one of the six largest property companies firms on the stock market, reported a slump in third quarter revenues to VND11 billion (US$444,000). They were down from nearly VND1.27 trillion a year earlier and the lowest since late 2018. In the year to date, the HCMC company’s revenues …

Japanese currency authorities declined on Monday to confirm whether the government had intervened in the currency market on Friday, signalling their determination to engage in a war of nerves with traders selling the yen. Any respite from such an intervention appeared to be brief, however, with dollar/yen rising 1.3% to …