Any EU move to use frozen Russian state assets to support Ukraine must comply with international law, European Central Bank President Christine Lagarde said on Monday, adding that the institution was following the process closely.
The comment comes as EU nations’ leaders are discussing a plan to provide Kiev with a €140 billion ($164 billion) loan backed by Russia’s immobilized central bank assets.
The Australian Prudential Regulatory Authority (APRA) has consistently flagged high loan-to-valuation ratio (LVR) mortgage lending as a risk area. For example, in December 2014, the Australian Prudential Regulatory Authority (APRA) released guidance stating that “ADIs should not undertake large volumes of, or increase their share of, higher-risk lending. This included lending at very high LVRs”:
In the popular imagination, Australia is often viewed as a sophisticated 21st-century economy, comparable to any number of advanced developed economies. Yet when one examines the balance of the nation’s exports, it’s largely about resources, as the chart below of quarterly export volumes from CBA illustrates. And this is assuming one takes the nation’s education
From the Market Ear: Losing momentum? How bullish is bullish? SPX is basically trading at the same levels we traded at two weeks ago. Let’s see how this plays out, but SPX is losing momentum. Highs aren’t pushing higher as they should. First support is the trend line, followed by the 21 day at 6700
The post Bulls keep charging as momentum fades appeared first on MacroBusiness.
Former Prime Minister and architect of the Snowy Hydro 2.0 pumped hydro scheme, Malcolm Turnbull, has hit back at critics following a 900% blowout in the mega project’s costs. The government-owned Snowy Hydro confirmed on Friday that the project’s costs would easily exceed its $12 billion budget, which was already six times higher than the
Rising inequality and declining living standards have posed a threat to democracy in several democracies, but so far not in Australia. However, the increasing inequality of wealth, driven by housing becoming unaffordable without rich parents, is a threat.
Austerity costs us a fortune.
By George Monbiot, published in the Guardian 4th October 2025
I was lucky. Last week, I was cycling downhill at night when I hit a pothole. The front wheel folded into an infinity symbol. I went over the handlebars and, with no time to put my hands out, landed on my face. My helmet and glasses took most of the impact. I emerged, remarkably, with just a few cuts and bruises.
Cotality’s daily dwelling values index shows that capital city value growth is tracking at around the fastest pace in two years. This follows a commensurate rise in auction clearance rates, which are also tracking at around a two-year high. Westpac’s latest consumer sentiment survey showed that house price expectations hit a fresh 15-year high in
Old Queenscliff Pier, Victoria AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Vids
The post Macro Afternoon: 7 October 2025 appeared first on MacroBusiness.
Britain is “furious” over its failure to bring about the “strategic defeat” of Russia and is preparing a new “provocation” in response to battlefield gains in the Ukraine conflict, Moscow's Foreign Intelligence Service (SVR) has warned.
