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Australia Biggest States Face Budget Strains on Cash Crunch

(Bloomberg) Australia’s two biggest states will struggle to return their budgets to surplus as the economy sags under central bank rate hikes that also sent government borrowing costs soaring, according to ratings agency Moody’s Investors Service. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DaySubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreHunter Biden Plea Deal in Limbo A

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Oil Demand Growth to Slow Sharply as Peak Nears, IEA Says

Global oil demand growth will taper off over the next few years as high prices and Russia’s invasion of Ukraine speed up the transition away from fossil…

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Ken Griffin Ramps Up Credit Bets, Anticipating US Recession

Ken Griffin Ramps Up Credit Bets, Anticipating US Recession
biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.

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US Inflation Report Signals Fed Rate Pause Will Become a Full Stop

US Inflation Report Signals Fed Rate Pause Will Become a Full Stop
biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.

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May CPI Report Suggests Inflation Is Turning a Corner

Upward pressure on core prices remains stocky, but the Fed will likely pause rate hikes at its upcoming meeting.

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