It’s a question that you need to ask because if present trends are allowed to develop then Australia will be the next Hong Kong within twenty years or more. Will you like it when Carry Lam is running the joint for Xi Jinping? Via Domain: Hong Kong chief executive Carrie Lam has labelled protesters the
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Via GLJ research: Iron Ore Prices Have Been Getting Battered Lately, at a Time When Seasonal and Cyclical Factors Suggest Prices Should Be Seeing Some Support; but, Given an Array of Company Production Updates + Trends in Seaborne Imports + Structural Changes in Chinese Steel Production, We Believe we Understand Why Prices Are “Bucking the
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Australia's largest banks make steps towards decarbonising their operations, but none have a comprehensive plan for zero net emissions, a ClimateWorks Australia assessment find.
The UK election campaign has kicked off, and merrily confused are the major candidates. The chaotic scene was made a touch more interesting with the refusal on the part of UK Prime Minister Boris Johnson to clear the release of a report by the intelligence and security committee on claimed Russian interference in British politics.…
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Via NAB: Key messages from the Survey: This month’s survey results continue to point to only modest outcomes in the business sector, though forward-looking indicators have improved slightly and may be pointing to a stabilisation in conditions. Conditions and confidence each saw a small improvement in the month with conditions edging up 1pt and confidence
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Via The Australian comes scum of all colour and hue: Senior Coalition and Labor MPs have launched a bitter attack on the Greens for suggesting climate change policies are responsible for the catastrophic bushfire threat confronting NSW and Queensland. As firefighters braced for the arrival of high winds and low humidity that threaten some of
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Yesterday, the CEO of property listings portal, REA Group, claimed the crash in property sales is “about as bad as it can get [and] it’s the worst market we’ve ever seen”. Today, the boss of rival Domain Group has warned of an “extraordinary” shortage of properties for sale in Sydney and Melbourne: Mr Pellegrino likened
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Fukushima, host to one of world’s worst nuclear disasters, set to start work on 21 solar and wind farms, in a $US2.7 billion renewable energy rebirth.
Via Nine today: Great to see them suffering. Ad budgets are always the easiest cuts to make in downturn. If weakness persists then headcount will be next.
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AEMO confirms new minimum operational grid demand of 458MW on Sunday afternoon, replacing previous summer minimum record set in December 2018.
Via Damien Boey at Credit Suisse: We have just published an article on the drivers of the Sydney housing market recovery. Key points are as follows: Sydney house prices are rising at a 22% quarter-annualized pace – but the speed of the recovery cannot be explained by local demand and supply factors. Our model of house prices based on
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The post-election bounce is well and truly over, with Roy Morgan reporting that business confidence has crashed, with forward indicators driving the decline: Roy Morgan Business Confidence dropped 4.6pts (-4.2%) to 106.0 in October, putting it at its lowest level since the Federal Election in mid-May. The fall was heaviest in forward-looking indicators, with the
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Via HKFP: A long day of unrest left several injured on Monday as protesters attempted to disrupt the morning commute as part of a plan to mobilise a mass general strike. They urged students to boycott classes, business owners to close shops and employees to skip work, in keeping with the city’s 24 weeks of
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Negative pricing events hit record highs in September quarter that saw record levels of wind and solar and a record low for coal generation.
CBA’s result is out and, as usual, it is best in class. The problem is, it is a class of zombies: Solid profit versus others but remediation is worse too and NIM is a problem that will get worse (even if CBA continues its tradition of being least transparent about it): Credit quality is a
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