Bullock defends rate cuts & hikes; tax bill passes Reps; US icon signs with Chinese brand

Friday 5 June 2026

RBA Governor Michele Bullock defends three rate cuts last year, and three rate hikes this year. 

• The local share market takes a tumble as a new iron ore region in Africa takes on the Pilbara giants
• Treasury Wine Estates’ share price surges as it overhauls its strategy
• The government’s controversial tax legislation passes the House of Reps
• NBA superstar Steph Curry signs a mega deal with a Chinese athletic brand.

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