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.

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)
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