AGP Executive Report
Last update: 21 minutes agoJobs and Rates: September unemployment climbed to 4.7%, a five-year high, weakening expectations of a November rate rise and dragging on the Australian dollar. But RBA governor Michele Bullock has warned that aggressive hikes may still be needed to control inflation. Business Conditions: Weak growth and rising costs are adding pressure on the government, while business confidence has fallen for a third straight month and late payments are squeezing firms. Competition: The ACCC has launched proceedings against major egg suppliers over alleged cartel conduct, escalating scrutiny of food prices. Energy and Infrastructure: Western Australia has named contractors for a clean-energy link expected to unlock 2.3GW of renewables, while Victoria approved plans for what could become the Southern Hemisphere’s largest wind farm. Aurizon also opened a A$60 million Perth freight terminal to strengthen east-west freight links. Crypto Rules: Australia is preparing tougher rules for crypto exchanges, including a proposed A$14 million capital threshold, ahead of a licensing regime.
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