RBA Governor Prefers Weaker Currency Over Rate Cuts
Dec. 13 (Bloomberg) –- Bloomberg’s Paul Allen reports on the Reserve Bank of Australia’s Governor saying a weaker local currency is preferable over lower interest rates to help spur the nation’s economy. He speaks to Angie Lau on Bloomberg Television’s “First Up.” (Source: Bloomberg)
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Jon Stanton to Succeed Keith Cochrane as Weir Group CEO
09:48 - Keith Cochrane, the CEO of Weir Group Plc, the world’s largest maker of fracking pumps for oil companies, is stepping down as CEO after 10 years on the board and will be replaced by Jon Stanton with effect from October 1. The company earlier reported that orders and sales missed by 4% and 2% respectively. Cochrane spoke to Bloomberg's Anna Edwards and Manus Cranny on "Countdown."