RBA Cuts Key Rate to Half-Century Low of 3%

The Reserve Bank of Australia cut its benchmark interest rate to the half-century low set during the 2009 global recession as hiring falters and an elevated currency hurts industries such as manufacturing and tourism.
Prada Full-Year Profit Drops 28%
47:38 - The slowdown in China has hurt earnings at Prada. The luxury brand posted a 28% fall in profit last year as fewer Chinese shoppers splurged. Bloomberg’s Yvonne Man reports on “First Up.” (Source: Bloomberg)
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