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Renew Economy Friday, May 25, 2018 - 09:23 Source

UPC to advance biggest solar development in NSW and country’s biggest wind farm in Tasmania after bringing in a major new investor.

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MacroBusiness Friday, May 25, 2018 - 09:00 Source

By Leith van Onselen We wrote last week how home values have fallen fastest across the top 25% of properties by value. Now, CoreLogic has gone a step further by assessing home price growth across each decile, which confirms that values have fallen fastest at the premium end of the market: The report provides a

The post Premium homes cop biggest value declines appeared first on MacroBusiness.

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MacroBusiness Friday, May 25, 2018 - 09:00 Source

Give us all a break, Beijing Bob: Angela Merkel is the leader of America’s most important ally. The differences between democratic, US-aligned Germany and Communist-ruled China are real. China’s cutting edge industries now challenge Germany’s lead in manufacturing. But today Angela Merkel is in China, to talk to its leaders in Beijing and to promote

The post Beijing Bob whines about China diplomacy he derailed appeared first on MacroBusiness.

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MacroBusiness Friday, May 25, 2018 - 08:49 Source

By Chris Becker Trump’s sudden cancellation of the summit with North Korea caught markets a bit unawares, sending European stocks down while US bourses recovered later in the session. Oil prices tumbled however as the USD was mixed against the majors, with a bounce in gold prices rounding out the volatile overnight session. Recapping stocks

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, May 25, 2018 - 08:10 Source

EUR rallied last night and DXY fell: AUD ran around on the spot: But EMs fell: Gold bounced on renewed Korean tensions: Oil fell: And base metals: Plus big miners: EM stocks are still in trouble: Junk too: Treasuries were gobbled up: And bunds (Italian yields were flat): Stocks were soft: Why anyone would want

The post The US remains the only growth game in town appeared first on MacroBusiness.

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MacroBusiness Friday, May 25, 2018 - 07:13 Source

Via Domainfax: Crowding on Sydney’s trains has worsened significantly in just a year, new figures show, frustrating passengers and placing greater pressure on an aged rail network struggling to cope with a booming population. Trains are running during the morning peak with loads as high as 185 per cent, way above the level at which

The post The King and Queen of Point Piper’s plan is to wreck Sydney appeared first on MacroBusiness.

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MacroBusiness Friday, May 25, 2018 - 07:12 Source

I’m sometimes skeptical of Ambrose Evans-Pritchard. His bearishness is so relentless and florid that it’s hard to keep up. But every so often he scribbles such a ripping piece that it is impossible to ignore. To wit, from The Telegraph comes Italexit: The EU’s gendarmes are now eyeing Italy’s rebel coalition with professional curiosity. This

The post Australia’s worst nightmare is back…another global banking freeze appeared first on MacroBusiness.

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John Quiggin Friday, May 25, 2018 - 06:39 Source

The blog has been pretty quiet lately. That’s partly because I’m trying really hard to focus on finishing my Two Lessons book, but also because so many of the debates that come up have been had many times before, and I don’t feel like repeating myself. So, I’m going to try reposting older material. The risk is that it will be out of date, but on an early sample, it’s surprising how little I would change if I were rewriting.

I’m going to start with the current topic of hyperventilation in the Australian media: China and the South China Sea

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The Australian Independent Media Network Friday, May 25, 2018 - 06:00 Source

Friday 25 May 2018 I’m having one of those days where I’m relaxing, going over all those things that I haven’t got around to reading since my week away from the keyboard. As I’m catching up on things that friends have sent me, articles outside the mainstream, and other bits and pieces, it occurred to me…

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MacroBusiness Friday, May 25, 2018 - 00:25 Source

By Leith van Onselen While residents of Sydney and Melbourne are suffering from crush-loaded roads, trains, schools, hospitals, and prisons, as well as hideously expensive housing, toll road company Transurban is positioning itself to be prime beneficiary of Australia’s mass immigration ‘Big Australia’ policy. From The SMH: Toll road giant Transurban is positioning itself to

The post Transurban seeks to monopolise population ponzi profits appeared first on MacroBusiness.

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MacroBusiness Friday, May 25, 2018 - 00:20 Source

By Leith van Onselen Th AFR’s Phillip Coorey has done a good job describing the conundrum facing the Turnbull Government with respect to its company tax cut policy: Inevitably, in the wake of this week’s events, there are murmurs among the Nationals and some others on the backbench to dump the cuts rather than fight

The post Coalition painted into corner on company tax cuts appeared first on MacroBusiness.

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North Coast Voices Friday, May 25, 2018 - 00:16 Source

It seems schoolchildren are considered fair game by the big banks......Junkee, 19 May 2018:Oh boy. This is a tough one. An investigate report by Fairfax Media has found that Commonwealth Bank employees set up thousands of fraudulent children’s savings accounts in order to meet internal targets and earn bonuses.That’s right folks.

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MacroBusiness Friday, May 25, 2018 - 00:15 Source

By Leith van Onselen The deflation of Sydney’s housing market ceased this week, with Sydney values rebounding by 0.04% in the week ended 24 May, according to CoreLogic: Sydney home values have now declined by a cumulative 4.6% over the past 37-weeks, with values also down 4.5% over the past 42 weeks. By comparison, Melbourne

The post Melbourne housing overtakes Sydney as price falls leader appeared first on MacroBusiness.

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