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Australian Housing Market May Crash in Coronavirus Recession

The Australian housing market has survived past economic disasters numerous times. With the RBA pouring support into the country’s financial system, will it be enough to save the real estate market from an impending market recession? On Thursday, the Reserve Bank of Australia has bought government bonds and provided a $90-billion funding facility for Australian banks to help curb the …

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ASX 200 Index Posts Record-Breaking Single Day Crash in Decades

The ASX 200 Index continues to move south as the benchmark closed 9.7 per cent or 537.3 points lower yesterday – the lowest in four years. Major Australian financial institutions such as NAB and ANZ dropped by 12.5 per cent with stocks currently at $16.12 and $16.45 respectively. Westpac, likewise, dropped $2.14 or 12 per cent to its present $15.98. …

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Australian Share Market Plummets After Trump Announces Travel Ban

The Australian share market suddenly drops 7 percent after US President Donald J. Trump announced a travel ban. He issued a travel suspension for those coming from 26 European countries beginning March 13, at midnight Washington time. It is around 3 PM on Friday, March 13, in Australia. The travel ban does not include travels coming from the UK. Therefore, …