AGP Executive Report
Last update: 11 hours agoRates and Cost of Living: The Reserve Bank raised the cash rate by 0.25 points to 4.85%, its highest since 2008, as inflation stayed high. The six-three vote suggests further hikes are less certain; the Australian dollar slipped after the decision. Cricket: Glenn Maxwell has retired from international cricket after a 14-year career, ending hopes of a farewell game at the MCG. He will continue playing T20 franchise cricket. Melbourne Cup: Point Of Law won Australia’s richest race, giving trainer Ciaron Maher the first three places. Defence: Army Chief Susan Coyle warned cyberattacks could open a military conflict, highlighting the need for Australia and Indonesia to work together on cyber security. Regional Energy: Papua LNG is on track for a December investment decision, with Santos among the project partners and growing investor interest in Papua New Guinea.
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