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Asian trade cautious ahead of key rate decisions
Asian trade cautious ahead of key rate decisions
Economy
by  AFP

Traders in Asia were cautious on Monday after US shares receded, and as anticipation builds for the Bank of Japan to finally ditch its negative interest rate. "He has previously said that policy will remain accommodative after the removal of the (negative interest rate policy) and has ruled out the possibility of successive rate hikes," Kenny noted.

Australian taxi drivers win $178 million payout from Uber
Australian taxi drivers win $178 million payout from Uber
Economy
by  AFP

Australian taxi drivers impacted by the rise of ridesharing giant Uber have won US$178 million in compensation, their lawyers said Monday after settling a gruelling legal battle. Lead lawyer Michael Donelly said the A$271.8 million (US$178.3 million) settlement was the "fifth highest class action settlement in Australian legal history".