Still thoroughly luke warm:
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From Domainfax: The Commonwealth Bank faces a potential investor class action over its disclosure of more than 53,000 alleged breaches of anti-money laundering laws, following a sharp fall in its share price when the scandal emerged earlier this month. Plaintiff law firm Maurice Blackburn and litigation funder IMF Bentham on Tuesday said it would investigate a potential class action on behalf of CBA shareholders, citing the
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Via Paul Kelly today: The symbolism of inequality is the new fashion in our politics. What better illustrates inequality than the low level of Newstart payments, long denounced by all and sundry? Yet when the test came, the proposal to increase Newstart was repudiated 45-11 in a Senate vote 10 days ago. What is going
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by Chris Becker First world problems in a nutshell. You have to drawdown some of your savings for the very first time – a meager $11USD billion or so from your near $1 trillion sovereign wealth fund (SWF) – because lower commodity prices are taking big slugs out of your budget. And then, and then
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Via Credit Suisse comes confirmation of what we’re seeing RMBS for household credit stress: ■ Mortgage & card past-due ratios and mortgage impaireds ratios rose in the latest quarter, with loss rates stable in mortgages but rising in cards. Whilst acknowledging seasonality, a slowing Western Australian economy, and residual impacts of Cyclone Debbie, mortgage past-due
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Solar on U.S. homes and businesses will grow 10% a year, displacing $2 billion of grid-based power by 2025. But Australia leads the way.
First, the “buy” from Deutsche: New strategy and targets should result in significant re-rate BHP has reported a strong FY17 result with close to record FCF of US$12.6b driving net debt down to US$16.3b. Earnings were below our estimate on higher net interest. A revamped strategy with measurable targets was outlined which we applaud. BHP
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Andrews government unveils first of renewable energy auctions – for 650MW of wind and solar – and announces two new big solar farms, the 100MW Bannerton Solar Park near Robinvale in the Sunraysia district, and the 38MW Numurkah Solar Farm near Shepparton.
Andrews government unveils first of renewable energy auctions – for 650MW of wind and solar – and announces two new big solar farms, the 100MW Bannerton Solar Park near Robinvale in the Sunraysia district, and the 38MW Numurkah Solar Farm near Shepparton.
Macquarie’s excellent monthly steel mill sentiment survey leaves no room for doubt. Chinese steel is in a full blown boom: Sentiment among players in the steel and iron ore industries remains very bullish this month, particularly on the steel side. The market is holding a positive outlook on steel prices based on the expectation
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By Chris Becker Risk on as tensions ease both in the US and Korea’s, with the Trump administrations embiggened war in Afghanistan plus hope for a tax reform legislative agenda help prop up US stocks. The USD lifted alongside, sending a few major currencies down, including safe havens like Yen would should translate into
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Last week, it was claimed EV's are responsible for more global warming emissions than petrol cars, suggesting Tesla isn’t a ‘green’ company.
ARENA funds 30MW battery to be built in South Australia to help grid security, and be the first of a series of renewable-based mini-grids to keep the lights on.
Wednesday 23 August 2017 Please don’t assume by the title of this piece that I am disagreeing with a women by the name of Grace or that it is the title of one of my short stories. On the contrary, it is about disagreement and the grace one shows (or should show) when we have…
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