These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Stocks in Asia traded lower on Monday morning, as investors await the start of a Nasdaq-style technology board on the Shanghai Stock Exchange.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Australia's central bank softened its economic outlook for 2016 to reflect slower population growth and said the effects of this year's double interest rate cuts were still working through, suggesting it remained in a wait-and-see mode.
In its 72-page quarterly report, the Reserve Bank of Australia (RBA) said there is a "reasonable chance" for the local dollar to fall further once the Federal Reserve started to tighten monetary policy this year.
However, it omitted a previous prediction that a further drop in the currency was both likely and necessary.
The RBA cut its cash rate in February and May by a quarter point each to a record low 2.0 percent, but appears reluctant to cut further for fear of overstimulating the housing market.
"Since the May statement, the Board has judged that an accommodative stance of monetary policy remains appropriate," the RBA said.
"The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the inflation target over time."
The central bank kept this year's growth forecast at 2.5 percent but trimmed its 2016 figures to 2.5-3.5 percent, from 2.75-3.75 percent. It expected a gradual acceleration to 3.0-4.5 percent by the end of 2017.
The downward revision largely reflected slower population growth which was now expected to be an annual 1.5 percent over the next couple of years, compared to 1.75 percent.
The RBA saw underlying inflation remaining well within its 2-3 percent target range for the foreseeable future.
Sluggish business investment and the fall in mining investment remained a key drag, but the RBA sounded more positive about the labour market, business conditions and a lower exchange rate.
Over the past year, the Aussie dollar has fallen by around 15 percent on a trade-weighted basis.
"There are increasing signs that the depreciation of the exchange rate is providing additional support to demand for domestically produced goods and services, which should in time lead to more investment," it said.
"The further depreciation of the exchange rate will provide some assistance with the adjustment of the economy to the lower terms of trade," it said.
On China, Australia's biggest export market, the RBA said the risks remained tilted to the downside, citing recent volatility in the Chinese stock market has clouded the outlook for the world's second biggest economy.