The Reserve Bank has cut interest rates by a quarter of a percentage point to a historic low of 2 per cent. If the cut is passed on in full, home-owners with a $350,000 mortgage will save more than $52 per month, according to AAP calculations.
SYDNEY�Australia's central bank cut interest rates for the second time this year, moving to shore up economic growth in the face of falling commodity prices and a China slowdown.
UBS Group AG, Switzerland's biggest bank, said net income in the first three months of the year almost doubled in a quarter that saw all divisions beat analyst estimates.
A new study finds that the Obama administration's controversial plan to cut climate-changing carbon dioxide emissions from coal-burning power plants could also reduce the number of premature deaths in the U.S.
Mayor de Blasio met the MTA's capital budget request Monday - or he thought he had, until the agency turned around and asked for nearly $2 billion more.