The US War Department stands ready to do its part and “impose costs” on Russia over the Ukraine conflict, War Secretary Pete Hegseth has said.

Speaking at Ramstein military base on Wednesday ahead of a meeting of countries coordinating military support for Ukraine, he lauded NATO members’ recent militarization push.

Asian share markets are still trying to get a wriggle on as the trading week starts to wind down following some potential progress on the rare earth US-China trade war while the latest unemployment print locally is resetting the chances of more RBA rate cuts although the Australian dollar remains resilient against a very weak

The post Macro Afternoon appeared first on MacroBusiness.

The gold boom has many investors asking for more precise ways to get exposure. Today we’re adding a Mid-Cap Gold tilt to our Direct Indexes—so you can target the part of the gold market that sits between physical bullion and the mega miners. What is the Mid-Cap Gold tilt? It’s a rules-based basket of ~a dozen listed gold

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The Reserve Bank of New Zealand has slashed the official cash rate by 3.0% to 2.5%, which has driven mortgage rates sharply lower. Even so, New Zealand home values have failed to respond, printing another month of zero growth in September, according to the Real Estate Institute of New Zealand (REINZ) House Price Index (HPI).

It may be that we don’t need China to bully us into an Albo tyranny. The Coalition is doing it all by itself. After an acrimonious partyroom meeting in Canberra last week, a disenchanted Liberal MP mused that if seven of his colleagues ­defected to the Nationals the balance of power within the Coalition would

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I wrote a rant a while ago about how the Russian invasion of Ukraine has developed into a very different war with drones of various types forming a huge part of the Ukrainian arsenal. This was by way of introduction to a story about the development of unmanned underwater vehicles, one of which will be entering service with the Royal Australian Navy in early 20261.

It is an easy and appropriate target. Origin Energy chief executive Frank Calabria has declared Australia’s energy market is “no longer working” to deliver affordable, reliable power capable of facilitating the transition to renewables, and sought urgent reforms, including limiting Santos-backed GLNG’s ability to buy gas from the domestic market. Mr Calabria said governments must