SUBSCRIBERS
Australia averts AAA downgrade as budget keeps surplus ambitions
But rating companies remain pessimistic about government's projections
Published Mon, Dec 19, 2016 · 09:50 PM
Sydney
AUSTRALIAN Treasurer Scott Morrison has bought himself some time after the nation's AAA rating escaped a downgrade following a budget update on Monday.
But he's not out of the woods yet.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US chip workers are likely to quit jobs, worsening labour shortage
India's industrial output up 4.9% year-on-year in March
Pandemic treaty talks end without agreed text, next step up for debate
Canada job gains blow past forecasts; wage growth slows
ECB set scene for June rate cut at last meeting, account shows
Japan closely monitoring weak yen, PM Kishida says, in fresh warning from Tokyo