Chinese credit growth data for December was released overnight. It was OK for the month, but the year was terrible, and the components were worse still. Total social financing was reasonable at 2.2tr yuan. However, broad credit still slowed to 8.3%. And let’s not forget that this number is being significantly boosted by bond issuance
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The iron ore jaws have eased slightly. Bearish commentary is spreading. Iron ore’s robust start to the year is at odds with market fundamentals, as China’s steel output is on course for a seven-year low and port stockpiles have ballooned. The rally in iron ore futures is being driven by improved risk appetite and expectations
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Wall Street lifted slightly on a better than expected weekly initial jobless claim print in the US (led by the fact that you can’t be jobless if you’re in an ICE concentration camp or on a plane exiting the country) while oil prices dived 5% on news the Iranian strikes by the Trump regime were
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The EU has been working to boost its defense capabilities in order to become a “military powerhouse,” European Commission President Ursula von der Leyen has said, Euractiv has reported, citing sources.
Technology gains mean that one ship load of solar PV panels is now worth more to the grid than 120 coal carriers, or 57 LNG tankers.
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Owner of Australia's biggest wind farm seeks green tick for another big wind project with a massive battery in Queensland.
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President Donald Trump is making it clear that he won't be constrained by the law as he continues teasing a takeover of the Western Hemisphere.
After Bondi, New South Wales politicians want to ban words and slogans. But rushed laws could punish political speech, not protect the public.
The international situation has been “increasingly deteriorating,” Russian President Vladimir Putin has warned, citing old conflicts reigniting and new emerging flashpoints.
When the government of Prime Minister Robert Menzies was elected in 1949, it came with a pledge to focus on raising home ownership rates and giving Australians a stake in society. Seven years earlier, in 1942, Menzies delivered a wartime radio address to the Australian people, arguing that home ownership was vital to a stable
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Fortescue buys US battery controls company as it ramps up efforts to reach real zero in its massive mining operations and batteries play key role on grid and transport.
The post Fortescue buys US battery management tech to boost grid scale storage needs as it eliminates fossil fuels appeared first on Renew Economy.
President Donald Trump has called for protesters in Iran to seize control of state institutions, issuing a cryptic promise of US assistance and threatening severe consequences for Iranian officials.
Iranian authorities have repeatedly alleged that the US and Israel have had a “big hand” in the ongoing unrest, framing it as a foreign-backed “terrorist war.”
America’s national debt has crossed $38 trillion — and this time, the danger isn’t the headline number.
The real threat is what’s happening quietly behind the scenes.
For the first time in more than 75 years, global institutions, foreign central banks, and large asset managers are systematically reducing exposure to dollar-denominated assets. Not publicly. Not dramatically. But deliberately.
Silver took a nose dive as the Trump regime enacted a critical minerals directive plus tariffs on semiconductors amid more national security beat-ups while still promising an attack on Iran keeping other risk markets in check. The USD remains somewhat firm due to safe haven bids while the oil price has been beaten back slightly.
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