Mineral Resources
Australian shares extend losses for second straight session
Australian shares extended losses for the 2nd straight session, dragged down by product stocks, a. day after the Federal Reserve signified fewer interest rate cuts. for next year. The S&P/ ASX 200 index was down 1.1% at 8080.9 by. 0025 GMT. The criteria was on track to tape-record its worst week. considering that mid-April, having actually lost 2.4% so far. The benchmark fell. 1.7% on Thursday. The U.S. Federal Reserve cut rates of interest by 25 basis. points as anticipated on Wednesday, while revising its forecast for. 2025, cutting the variety of projected rate decreases to two. from the 4...