Blogotariat

Origin snaps up Walcha Energy, which has been developing the Ruby Hills wind project and the Salisbury solar project, as it continues talks on Eraring closure timing.

Emerging technologies like energy storage, green hydrogen and digitisation platforms may be the key to dodging a global network infrastructure supply crunch and avoiding delays in the energy transition.

SQM Research managing director, Louis Christopher, warns that rents will continue to rise strongly across Australia this year amid ongoing strong population growth and falling rental vacancies. “We’re seeing renewed tightness in the rental market across the board after easing slightly in December last year, driven by students who are starting their new semesters and

The post Australian tenants brace for more rent pain appeared first on MacroBusiness.

The Defence Minister, Richard Marles, has announced an upgrade and expansion of the Australian Navy to give it an “enhanced lethality surface combatant fleet”.

Flanked by the Pat Conroy, the Minister for Defence Industry, Marles announced an additional $11 billion over the next decade. The money will be used to expand the Navy’s fleet of warships to 26 vessels, an increase of 15 craft.

Commitments to the construction of naval vessels in South Australia and Western Australia were reiterated, with ship workers being promised work for deacdes.

Oh yes, smell the fear: Chinese banks cut a key reference lending rate for mortgages by the most on record, ramping up support for the beleaguered property sector. The five-year Loan Prime Rate, a reference for mortgages, was lowered by 25 basis points to 3.95%, according to a statement by the People’s Bank of China on

The post China begins to panic as property free falls appeared first on MacroBusiness.

The December quarter CPI inflation print revealed that insurance premiums rose at their fastest pace since the HIH Insurance collapse at the turn of the century: The Australian Bureau of Statistics (ABS) explained that “higher reinsurance, natural disaster and claims costs contributed to higher premiums for house, home contents and motor vehicle insurance”. The recent

OER is the core of the bullish equity market trade. It is the primary measure of housing inflation in the US CPI. This measure shocked most in last week’s strong CPI because OER normally tracks much weaker and more timely private indexes. Goldman has more. We expected and indeed received a large “January effect” in

The post OER you kidding me? appeared first on MacroBusiness.

The ABC’s David Taylor published an article on Friday warning that Australia’s economy is stalling, pointing to higher unemployment in the months ahead. Taylor cites some leading economists who believe Australia’s job market has turned the corner, as evidenced by slowing business activity in addition to the uptick in the unemployment rate. “I absolutely think

The latest data from PropTrack shows that Brisbane has recorded the strongest dwelling value growth on the East Coast since the beginning of the pandemic in March 2020: Brisbane dwelling values have risen 58% since March 2020, according to PropTrack, dwarfing the 31% growth in Sydney and 15% growth in Melbourne over the same period.

The post FOMO fuels Brisbane’s house price boom appeared first on MacroBusiness.

By Bert Hetebry   A group of South Asian men arrived on our doorstep seeking shelter, seeking a place to be made welcome, seeking safety and security. We don’t know why they left their homelands, but they undertook a dangerous journey, finding their way from Bangladesh, Pakistan and India to Indonesia to board small, overcrowded boats…

The post No, no, no, no. Not more ‘illegals’! appeared first on The AIM Network.

Last night saw quiet markets due to the US long weekend with bond markets also sanguine, with European shares advancing slightly. The USD was basically unchanged with an almost empty economic calendar as the Australian dollar able to get off the floor and back above the 65 cent level. 10 year Treasury yield futures are

The post Macro Morning appeared first on MacroBusiness.

Watching the daily pump and dump of Bloomberg stories on China has become an amusing sport. Every day starts with bullishness and every end with bearish failure. Yesterday was all about how holiday spending, property and stocks boomed over LNY. By the close, it was a bust for spending: A deeper dive by economists at

The post China is the new USSR appeared first on MacroBusiness.

HALLE, Belgium (AP) — The writing of angry farmers was on the Paris-to-Brussels highway in giant yellow letters visible from up high: “Ursula, We are here!”