PETALING JAYA: Success Transformer Corp Bhd’s strong first half results were above expectations, thanks to continuing strong demand for transformers and industrial lighting equipment as well as process equipment, said analysts.
(AFP) - Australia's central bank warned Tuesday that an early cut in interest rates may be necessary to prevent a harsher and longer lasting economic slowdown.
The Reserve Bank of Australia (RBA) left its official cash rate on hold at a 12-year high of 7.25 percent at its monthly meeting on August 5.<