Mon, 17th Mar 2025
from Finance News Wrap Hosted by Paige Estritori
In this week's financial news, Sydney's housing market leads Australia's real estate recovery with a robust auction clearance rate of 71.4% for the sixth consecutive week. The US stock market sees a downturn, with fears around tariffs leading to a near 10% drop for the S&P 500. On a positive note, the Reserve Bank of Australia boosts consumer sentiment by cutting the official interest rate by 25 basis points, which has sparked a three-year high. Meanwhile, the Star Entertainment Group is undergoing a substantial financial overhaul, with debts exceeding $400 million. The company is making strategic moves to refinance through arrangements with Salter Brothers Capital and Bally's, and a bridge facility with King Street Capital.n
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