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Australian Households Face Rate Hikes as Oil Prices Drive Up Inflation

Key Points: Headline inflation increased by 1.1% in the March quarter and reached 4.6% over the past 12 months. Petrol prices jumped 32.8% in March alone, pushing transportation costs up 9.2% in just 30 days. Financial markets predict an 80% chance the Reserve Bank of Australia will raise interest rates by 25 basis points next week. Economists warn that the current data only reflect the...

Woodside Energy Sees Revenue Jump as Global Oil Prices Surge

Key Points: Woodside reported a 7% jump in operating revenue to hit $3.26 billion in the March quarter. The average price for the company's oil and gas climbed 11% to reach $63 per barrel. Severe tropical cyclone Narelle hit Western Australia, forcing an 8% drop in overall production. The conflict between the United States and Iran blocked the Strait of Hormuz, causing global energy prices...

TSMC Sells Remaining Stake in Arm Holdings for $231 Million

Key Points: TSMC sold its final 1.11 million shares in Arm Holdings for a total of $231 million in cash. The chipmaker finalized the stock sale between April 28 and April 29 at $207.65 per share. TSMC originally invested $100 million in Arm's initial public offering in 2023 at $51 per share. Arm shares fell 7.98% on Tuesday during regular trading hours. Taiwan Semiconductor Manufacturing...