As was widely expected, the Reserve Bank of Australia (RBA) chose to keep the official cash rate on hold at 4.10% at Tuesday’s monetary policy meeting. However, the decision could be considered a dovish hold and suggests that the RBA has laid the groundwork for a rate cut at the next meeting in mid-May, pending
The post RBA lays groundwork for May interest rate cut appeared first on MacroBusiness.
Electric vehicles have been heavily subsidised in Australia. A recent analysis by the Institute of Public Accountants estimated that the federal budget has lost approximately $564 million annually in tax revenue due to the Fringe Benefits Tax (FBT) exemption for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). More than 100,000 novated leases for
The Council of Small Business Organisations Australia (COSBOA) launched a campaign on Monday, calling on Labor and the Coalition to lower the company tax rate from 25% to 20% for the 2.6 million businesses with an annual turnover of less than $20 million. Research undertaken by Insightfully for COSBOA found that 69% of voters support
Epiphany plays an outsized role in the reductionist two-step model of invention. Step one is when an idea pops into an inventor’s head, and step two is when the invention spreads in an economy over time.
This model is misleading in numerous ways that would take a book to enumerate. Today’s column focuses on step two, aiming to one piece. How and why do businesses embed the invention in products and services while the invention spreads?
Not that he didn’t hit it earlier, but he is still giving it a pounding. Albert Edwards of Société Générale. The equity market is at a critical level. So too is the wealthier US consumer! Before we kick off, I wanted to highlight what was, from my perspective, the most surprising quote of the week.
The post Albert Edwards hits the panic button appeared first on MacroBusiness.
This article deals with Federal Coalition Opposition Leader Peter Dutton’s election promise to force gas producers to reduce the price of gas for Australian consumers to $10 per gigajoule.However, according to a debate on last night Q &A between Labor Climate Change Minister Ed Husic and his Coalition counterpart Ted Evans, Husic stated that the cost price of most Australian gas was around $7 per gigajoule with another $4 paid by the producers for transporting it to market. Evans did not contest those figures.
The US has condemned the prison sentence handed to veteran French conservative politician Marine Le Pen, who was found guilty of embezzlement and banned from running for president.
Chinese PMIs are meh. Manufacturing is barely growing. Services likewise. All those government bonds are doing something, but it isn’t much. Why? Bloomberg. The property crisis that hobbled China’s economy and created a nearly $160 billion pile of distressed debt — the world’s largest — is getting worse. Signs of trouble are now popping
