Good morning, it’s Amy in Melbourne along with your Friday e-newsletter. We’re maintaining a tally of bushfires burning in Victoria’s west, however first….
Immediately’s must-reads:
• Nick O’Kane’s successor
• RBA charges forecast
• Australia-UAE free-trade agreement
When one of many world’s highest-paid bankers unexpectedly stop Macquarie Group this month, the Australian monetary large moved rapidly to mood expectations for Nick O’Kane’s successor. We take a more in-depth take a look at Simon Wright, the veteran banker taking on the commodities and markets enterprise that accounts for almost half the agency’s revenue.
Australia and the United Arab Emirates anticipate to conclude a free-trade settlement by 12 months’s finish, Commerce Minister Don Farrell informed Bloomberg in an interview, whereas suggesting talks with the European Union and India will stay on maintain till after elections.
Extra airways are being hit with supply delays for brand spanking new plane. Qantas and Air New Zealand are amongst these ready as supply-chain dramas proceed to roil the trade. In the meantime, Qantas stated first-half revenue declined as airfares fell from its post-Covid spike.
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