Blogotariat

A relatively calm session here in Asia with only slight movements in currency markets as the Australian dollar had a small blip after some disappointing retail sales numbers while share markets are absorbing the passing of the “End of the Empire” bill in the US senate. Oil markets continue to steady after their recent correction

The post Macro Afternoon appeared first on MacroBusiness.

Legal questions arise over whether an investment fund for gas producers breaches a “sustainable” free trade agreement that explicitly blocks new fossil fuel subsidies.

In the past week, New Zealand’s financial markets have been primarily influenced by global events, with little guidance provided by local data. Markets continue to anticipate that the Reserve Bank of New Zealand will skip a cut at the next meeting on July 9 and then cut rates again in August. The RBNZ has already

The post Reserve bank says “no” to rate cut appeared first on MacroBusiness.

Failing US ambassador Kevin Rudd yesterday met with failing foreign affairs minister Penny Wong. Here is the happy couple responsible for a sharp deterioration in the US alliance. A nastier pair of beearches you are unlikely to meet. The failed Rudd now requires the support of the foreign minister to get his job done. Penny

The post Sack Rudd now appeared first on MacroBusiness.

New solar farm in Kent is four times bigger than the next biggest solar farm in the UK, and was built despite strong objections from local councils.

When the word freedom comes to mind in our collective consciousness, it can be interpreted in a number of different ways. It can be an expression of one’s ability to share their ideas or views freely, or it can relate to one’s capability to go about one’s day unimpeded by a Draconian state. But there

The post Australian freedom is under attack appeared first on MacroBusiness.

At the recent World Economic Forum’s (WEF) annual meeting at Tianjin, China, Chinese Premier Li Qiang pledged that China will become a “consumption powerhouse” capable of fuelling domestic and global growth. “This will make China a mega-sized consumption powerhouse, on top of being a manufacturing powerhouse,” Li said “We are on track to become a

The post Chinese success will smash the Aussie economy appeared first on MacroBusiness.

Tasmania farmers and landowners have signed up a Malaysia company to help deliver its wind, solar and battery projects in central highlands region.

Medical sources told Al Jazeera on Monday that Israeli attacks killed at least 95 Palestinians in Gaza throughout the day as Israeli forces bombed a seaside cafe and gunned down more desperate people who were seeking aid.

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As Australia continues to shed its industrial base, the US is rebuilding. Morgan Stanley with the note. US Reshoring Momentum Is Outpacing Early Expectations Our US Industrials analysts note that May US manufacturing construction starts sustained the strength seen in April, and activity is tracking at ~2x the pre-Covid run rate. The average project size

The post Carrots work better than sticks for industry appeared first on MacroBusiness.

Building climate resilience and strengthening the electricity distribution network are now inseparable priorities that recent extreme weather events have brought sharply into focus.

US President Donald Trump has said that he might entertain the idea of deporting Elon Musk and could consider getting the Department of Government Efficiency (DOGE) to look into the billionaire’s government contracts.

The most powerful battery in Australia has begun testing its ability to act as a giant "shock absorber", with the biggest intervention yet seen on the country's grid.