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Good afternoon,

Australia’s cooling inflation figures have more economists predicting the Reserve Bank will deliver another interest rate cut in July, just in time to soften the sharemarket pain brought on by the Middle East war.

Meanwhile, Xero is aiming to finally crack the US market , acquiring New York-based accounting platform Melio Payments for $3.9bn, with chief executive Sukhinder Singh Cassidy labelling it a “step change”.

After knocking back a higher offer three years ago, Humm chairman Andrew Abercombie wants to take his lender private as the credit cycle is about to turn, writes Eric Johnston.

Vesna Poljak
Business Editor
The markets


Commentary
Middle East must draw on ‘partners in peace’ vision
By ROBERT GOTTLIEBSEN
Business Columnist
I will never forget the day I stood with Yasser Arafat and Shimon Peres as they declared themselves ‘partners in peace’. It’s still possible, although more a hope then a likely eve...
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The ‘outlandish’ property schemes hurting homebuyers
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Inside Ikea’s retail expansion plans, green energy push
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By BEN WILMOT

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