RBA May Raise Rates in Third Quarter 2014: Bloxham

Nov. 5 (Bloomberg) -- Paul Bloxham, chief Australia economist at HSBC Holdings Plc in Sydney, talks about the nation's economy, central bank monetary policy and the local currency. The Reserve Bank of Australia left its benchmark interest rate unchanged at a record low as it weighs rising housing prices against renewed currency strength. Bloxham speaks with Angie Lau on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
Statoil and BP Release Reports amid Oil Declines
12:34 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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