Breaking News
Bilderberg 2025 Reflections And Realities
Why Walmart Is Opening 'Dark Stores' That Customers Can't Go Inside
The Algorithmic Oracle 
As Gaza Starves, US Green Lights More US Weapons To Israel
Top Tech News
xAI Grok 3.5 Renamed Grok 4 and Has Specialized Coding Model
AI goes full HAL: Blackmail, espionage, and murder to avoid shutdown
BREAKING UPDATE Neuralink and Optimus
1900 Scientists Say 'Climate Change Not Caused By CO2' – The Real Environment Movement...
He 3D Printed a Whole House
New molecule could create stamp-sized drives with 100x more storage
DARPA fast tracks flight tests for new military drones
ChatGPT May Be Eroding Critical Thinking Skills, According to a New MIT Study
How China Won the Thorium Nuclear Energy Race
Sunlight-Powered Catalyst Supercharges Green Hydrogen Production by 800%
Australia's central bank has equity wiped out by billions in bond losses
Key Points
>The bonds were accumulated under a A$300 billion emergency stimulus program that ran from November 2020 to February 2022.
>The losses eclipsed underlying earnings of A$8.2 billion and left the central bank with an accounting loss of A$36.7 billion. It also ate up all the RBA's reserve funds, leaving it with a negative net equity position of A$12.4 billion.
>Bullock noted that while this would bankrupt a normal commercial entity, the RBA's liabilities are guaranteed by the government.
Australia's central bank on Wednesday said its equity had been wiped out by losses suffered on pandemic-era bond buying, but its ability to create money meant it was not insolvent and would continue as normal.
Reserve Bank of Australia (RBA) Deputy Governor Michele Bullock said the bank had taken a mark-to-market valuation loss on its bond holdings of A$44.9 billion ($30.02 billion) in 2021/22.