Blogotariat

This is pretty weird. China Evergrande Group won breathing room to strike a restructuring agreement with creditors after a Hong Kong court again pushed back a decision on whether the world’s most-indebted property developer should be wound up. The proceedings have been adjourned to Jan. 29, Judge Linda Chan said in the city’s High Court.

The post Evergrande survives as Chinese property dies appeared first on MacroBusiness.

ANZ with the report. ANZ-Indeed Australian Job Ads fell 4.6% m/m in November following a downward revision in October to -3.4% m/m from -3.0% m/m. In trend terms, the series was down 3.4% m/m. ANZ-Indeed Australian Job Ads has fallen 16.8% from the November 2022 peak but is elevated compared to pre-pandemic levels. The decline

The post Job ads freefall points to unemployment spike appeared first on MacroBusiness.

Last week, the Australian Bureau of Statistics (ABS) released dwelling approvals data revealing that the number of dwellings approved for construction in the year to October collapsed to just 164,200, which is about 76,000 less than the Albanese government’s target of building 240,000 new homes a year: On Monday, the ABS also released data showing

The global gas glut has returned as it was always going to. The US is swimming in it: The EU is swimming in it: All the more remarkable because US exports replaced most of Russian: The Asian gas price is collapsing with more ahead, punctuated by winter cold snaps: Aussie spot prices are ridiculous again

The post How to save the Albanese Government from “Chicken” Chalmers appeared first on MacroBusiness.

Last night’s first session of the trading week lacked any major catalysts with stocks on both sides of the Atlantic slipping, Wall Street more so as oil prices took a dive despite some more strategic building of US reserves.  The Australian dollar pulled back from its five month high to remain just above the 66

The post Macro Morning appeared first on MacroBusiness.

I write this brief letter and appeal on this fifty-second day of conflict between the Israeli government and the hapless population in Gaza. I also write as a child of Holocaust and concentration camp survivors.

LETTER TO THE DANDENONG COUNCIL, Melbourne, Australia, ABOUT THE IMMINENT GENOCIDE IN GAZA, November 29, 2023.

Imminent genocide in Gaza     By John Janusz Ebel

Over the weekend, The AFR’s John Kehoe defended the Reserve Bank of Australia’s (RBA) “straight talking”, saying that it is “needed to cut through the noise” in the “age of political spin and social media echo chambers”. Kehoe specifically mentioned RBA governor Michele Bullock’s statements that spending on things like hairdressers and dentists shows that

The post RBA “straight talking” blames wrong inflation causes appeared first on MacroBusiness.

Refugee Action Coalition Media Release Inaction by the Australian government is leaving refugee families destitute. Despite promises from the PNG Immigration minister that the problem would be fixed, refugees still have no food vouchers, income, or access to medical help.  Families have run out of food for their children; refugees have been left without electricity…

CFMEU Media Release The Construction, Forestry, Maritime Employees Union (CFMEU) has paid tribute to Labor MP Peta Dunkley who has died, aged 50. Ms Murphy died at home on Monday after a brave battle with breast cancer. CFMEU National Secretary Zach Smith said the Member for Dunkley had been a champion for workers. “This is…

The post CFMEU mourns loss of Labor MP Peta Murphy appeared first on The AIM Network.

Transgrid names winners of nearly $3 billion worth of contracts for HumeLink, where work is going ahead in the face of co

Like Australia and Canada, New Zealand is experiencing a record post-pandemic immigration boom, with net overseas migration a hitting an all-time high 118,800 in the year to September: Independent economist Tony Alexander noted last month that this 2.3% boost to New Zealand’s population “means upward pressure on rents and house prices because these people need

US bank credit marginally improved last week: However it is still -1% year on year and has grown at all in 16 months: Standards are tight: It is starting to show with very high rates of interest landing hard on auto and credit card loans: As excess savings drain away: I still think we are

The post US credit crunch casualties mount appeared first on MacroBusiness.