For anybody who has followed this debate for any length of time, this is as depressing as it is typical from The SMH. Chief executives of 10 major manufacturers have decried the “broken” state of Australia’s gas market, telling the Albanese government it must force a significant reduction in gas prices and limit exports of
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No big surprises overnight as the expected softening of the US jobs situation was confirmed by the weekly initial jobless claims and private ADP prints, giving a clear run to a September rate cut by the Fed. Of course, a worsening situation for middle/lower America is gold for Wall Street which rallied nearly 1% across
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Canberra is in the grip of the most cowardly pack of no-hopers anybody can remember. Earlier this year, Australian passenger planes were targeted by live missiles in the Tasman Sea with no warning. The moment a Virgin Airlines pilot raised the alarm about a live-firing exercise by Chinese warships in the Tasman Sea can be
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Financial markets have extinguished hopes of the Reserve Bank of Australia (RBA) delivering a rate cut at the September monetary policy meeting. Their pessimism is warranted given the stronger-than-expected recent run of data from the Australian Bureau of Statistics (ABS). The trimmed mean CPI inflation indicator for July rose materially, increasing by 0.6% to 2.7%.
The SCO has condemned Israel and the US for their attack on Iran in June. In a joint statement, they said that such aggressive actions against civilian targets, including nuclear energy infrastructure, which resulted in civilian deaths, constitute a gross violation of the principles and norms of international law and infringe on Iran’s sovereignty.
A meeting of Ukraine’s western European backers, known as the ‘coalition of the willing’, at the Elysee Palace in Paris on Thursday has brought together European Commission President Ursula von der Leyen, Vladimir Zelensky, and the leaders of Belgium, Poland, Finland and France.
The Australian Bureau of Statistics (ABS) on Wednesday released the national accounts for Q2 2025, which revealed stronger-than-expected growth. Analysts had tipped a 0.4% rise in headline GDP, and the RBA had forecast 0.5% growth. However, a 0.6% rise was recorded, led by household spending. Household spending per capita rose by 0.5% in Q2, the
Asian share markets were quite mixed with local stocks regaining some of their losses on interest rate speculation that the Fed is likely going to pull a put if tomorrow night’s NFP comes in bad as expected. Meanwhile bond markets are trying to recover with many long dated yields across the UK, Japan and USA
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