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Finance & Markets

RBA denies staff a pay rise that keeps up with inflation just hours after interest rate rise

Michele Bullock concedes Australian workers are suffering wage cuts in real terms but latest EBA offer remains behind rise in cost of living Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank rejected its own staff’s requests for a real pay rise and backpay on lost wages just hours after it hiked interest rates on…

RBA denies staff a pay rise that keeps up with inflation just hours after interest rate rise

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

Read the original at theguardian.com →

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Stocks post modest gains on select buying

KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday witnessed strong buying interest at attractive valuations, propelling the benchmark KSE-100 index above 171,000 intraday before closing well…

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