business

Reserve Bank governor Michele Bullock fires back at Nationals senator Matt Canavan after he accused her of “gaslighting” Australians over the state of the Australian economy.  Source link

Asked by a journalist, “Was it perhaps overenthusiastic to cut interest rates three times?” The RBA’s chief economist responded, “Forecasting is really difficult business, our forecasts are often wrong … it is what it is.” Source link

Spears is the latest music star to sell the rights to their work, a decade after the release of her ninth and last studio album. Source link

Commonwealth Bank boss Matt Comyn said CBA had increased many savings products but admitted there was one account where the bank is increasing interest rates by 15 basis points instead of the full 25 basis points. Source link

RBA deputy governor Andrew Hauser says central banks should not criticise normal government spending choices, but he wonders if Australia’s economy is more inflation-prone because it is so finely balanced. Source link

Telstra notifies staff of plans to outsource hundreds of jobs to an India-based technology company. Source link

CBA’s net profit for the first half of the financial year rose 5 per cent to $5.367 million, beating analyst expectations, on the back of increased lending and deposit volumes.   Source link

The Australian share market has finished strongly after the first “big day” of reporting season with good earnings news for the Commonwealth Bank for the first half of the financial year. Look back on our live blog. Source link

Tenants now pay an average of 33.4 per cent of their pre-tax income on rent, which is the highest level on record, according to a property research firm. Source link

The Telstra joint venture said this move will “bring an enhanced experience” to its customers, but did not make clear how many jobs in the joint venture (JV) are set to be moved to India. Source link