It’s not looking so good for property sales now: There’s a little progress on destocking: Completions are still sagging: Demand has lifted a little. Supply is still stuffed: Long way down to fair value (more like 80% than 16% but let that go). Searches not even back to May levels: Not exactly “v-shaped” so far.
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A few days ago, my wife and I had lunch in a Fitzroy pub. She happened to comment that the problem with living in a place like that would be that you’d never get a park. In spite of the fact that we had – in fact – just got a park, I agreed. Then,…
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How to kill the iron ore price 101. First, ramp up Pilbara output: Construction of our Western Range mine is now 80% complete. During the quarter, we finalised commissioning of the autonomous haul trucks and completed the Paraburdoo upgrade works. We continue to focus on construction of the greenfield crushing and screening plant and Paraburdoo
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SHFE and SGX have stalled: Mad Dalian too: Platts has more on market dynamics: Changes in the Chinese national standards for rebars have seen poor overall margins in Q3, leading to subdued demand over concerns of production cuts among domestic mills. Platts-assessed benchmark 62% Fe Iron Ore Index increased to $108.30/dry mt CFR North China
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Optimism dissipated quickly on risk markets overnight with Wall Street pulling back sharply after a series of record highs, on the back of some chipmaker results with tech stocks dragging the whole edifice down. The USD was stronger again, pushing Euro and other currencies further into submission while oil prices continued their downward trend. The
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DXY was flat: AUD has resumed its fall: CNY has rolled: Oil splat: Base metals sag: Big miners are breaking down: EM bust: Junk is starting to warn: Yields rolled: Stocks flamed out: Donald Trump gave a long and interesting interview to Bloomberg in which he celebrated a new strong dollar policy: Trump was very
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“This is not just about wildlife,” an expert said. “It’s about the essential ecosystems that sustain human life.”
Monitored populations of the world’s vertebrate animals declined on average by 73% between 1970 and 2020, according to a major report released Wednesday by the World Wild Fund for Nature and the Zoological Society of London.
Germany has halted all arms deliveries to Israel since March, with Berlin now demanding a written guarantee from the Israeli government that these weapons will not be used against Palestinian civilians in Gaza, according to media reports.
Australian renters have endured a torrid time over the past three years. According to Domain, median house rents soared by $180, or 38%, from $470 to $650 between September 2021 and September 2024. Over the same period, median unit rents rose by $210, or 50%, from $420 to $630. Predictably, the rent surge has drained
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AS THE WORLD IS GETTING CLOSER TO NUCLEAR ANNIHILATION, THE AMERICA'S CUP IS BATTLED OUT BETWEEN THE NEO-ZEALANDERS AND THE BRITS... WE TAKE TIME OFF FROM THE MAD MEN LEADING THE WORLD, TO SEE HOW THIS 175 YEAR-OLD OLD CONTEST IS GOING....
Following a strategic review of the student visa program in 2011 (the “Knight Review”), the Gillard government significantly enhanced employment rights for graduate (485) visas in 2013. In particular, 485 visa holders were not needed to meet skills shortage requirements and were allowed to stay in Australia for two to four years after finishing their
US investment giant BlackRock has hit a new record on assets under management, topping $11.48 trillion in Q3 2024 – equivalent to the nominal GDP of Japan, India and the UK combined, and the valuation growing by nearly $2.4 trillion (the GDP of an Italy or Brazil) since Q3 2023 alone. How does BlackRock make its money? Sputnik explores.
By Denis Hay Description Explore how to shift to social democracy from neoliberalism, using its monetary sovereignty to create a fairer political system. Introduction: A Path to a Compassionate Australia Australia, like many nations, has been shaped by the forces of neoliberalism, a political ideology that promotes free markets, deregulation, and minimal government intervention in…
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