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.
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Wells Fargo Fires Four Managers Over Account Scandal
44:17 - Wells Fargo fired the head of its consumer credit-card business and three other senior managers as the bank’s board examines how abusive sales practices spread through branches before spiraling into a national scandal last year. Bloomberg's Laura J. Keller reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)