AGP Executive Report
Last update: 3 hours agoRBA Holds Line on Rates: The Reserve Bank of Australia kept the cash rate at 4.35%, saying inflation is still “too high” and warning further hikes are possible if upside risks emerge. Rare Earths Scrutiny: Australia ramped up oversight of China-linked investors in Northern Minerals’ Browns Range rare earth project after shareholders refused sell orders, threatening US funding access. Critical Minerals Push: The US is backing a $560m scandium project near Fifield, NSW, as Washington seeks non-China supply for defence and high-tech alloys. Shipbuilding Deal: Hanwha made a non-binding offer of about US$1.0–1.2b to buy Austal USA, with due diligence now underway. Gambling Reform Talks: Albanese and Angus Taylor are close to a deal on online gambling harm reforms, with inducements the main sticking point. Food System Resilience: Analysis says “super” El Nino risks are lower than in past decades thanks to better yields, irrigation and farm preparedness. Enforcement Crackdown: ABF and partners raided service stations nationwide targeting illegal tobacco and vapes. Vietnam Partnership: Australia and Vietnam agreed to deepen defence, digital and minerals cooperation during President Tô Lâm’s visit. Markets & Oil: Oil prices rose on US-Iran standoff risk around the Strait of Hormuz, keeping inflation worries front of mind.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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