Sun, 16th Mar 2025
from Finance News Wrap Hosted by Paige Estritori
In this episode of 'Weekly Finance News Wrap', Paige Estritori discusses the week's key financial updates. Major international news is the significant turbulence in US stock markets due to increased tariffs on Canadian steel and aluminium imports, raising recession fears. In Australia, a cut in the official interest rate by the Reserve Bank to 4.1% boosts consumer confidence despite rising unemployment and recession concerns. Business news highlights Star Entertainment Group's financial struggles, securing a $940 million refinancing plan with Salter Brothers Capital. Lastly, the Financial Advice Association Australia is challenging ASIC's approach to investigating financial service complaints, pushing for increased scrutiny and transparency following the collapse of Dixon Advisory. Tune into the 'Weekly Finance News Wrap' for more financial insights.
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