Rate cut hopes dashed; Red Sea woe spreads; Forrest’s Trump verdict

News Snapshot:

Coles names new arbiter as Jeff Kennett resigns As renewed scrutiny comes to the grocery sector, the supermarket giant has appointed experienced lawyer Jenny Linsten to the role dealing with supplier disputes. Fed official cools rate hype, $A falls, yields surge A US official poured cold water on hopes of aggressive rate cuts as soon as March, leading traders to temper bets of eventual rate relief from the Reserve Bank too. This couple’s eastern suburbs mortgage costs them just $130 a week David and Victoria Basile’s first home purchase was made in Sydney’s desired enclave – they believe it’s an...