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. |