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Australian Unemployment Rises, Traders Pare Rate-Hike Bets

Australia’s unemployment rate unexpectedly rose in July, supporting the Reserve Bank’s view that the labor market is likely to gradually loosen and prompting traders to pare bets on another interest-rate increase.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Borrower $3600 behind after lender accidentally cancels payments

A borrower whose lender accidentally cancelled their repayments has had their interest rate cut as compensation.

  • Borrower $3600 behind due to lender's accidental cancellation of loan payments
  • Couple unaware of cancellation, facing $3600 debt after repayment period
  • Lender offers fee waiver, reduced interest, and loan term extension

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