Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Iron ore collapses

July 9, 2015 - 04:47 -- Admin

Here are the iron ore charts for July 8, 2015: Benchmark Tianjin spot fell 11.3%, or $5.60, to $44.10 a tonne. Qingdao spot fell 10.1%, or $5.01, to $44.59. 12 month swaps are heading for Hell. Dalian bounced nearly 3.5% overnight to be at 364 this morning. Rebar average is horrible. BHP and RIO were flat in

The post Iron ore collapses appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Glad you snapped up that FMG ponzi bond?

July 9, 2015 - 04:46 -- Admin

From Bloomie: Investors who bought $2.3 billion of iron miner Fortescue Metals Group Ltd.’s 9.75 percent securities in April have lost $255 million of market value in less than a month…Fortescue’s bonds traded at 96 cents on the dollar to yield 10.6 percent at 12:27 p.m. in New York after peaking at 107.1 cents on June 12. It was

The post Glad you snapped up that FMG ponzi bond? appeared first on MacroBusiness.

Japanese turn back Gorgon test cargoes

July 9, 2015 - 04:45 -- Admin

From Reuters: Chevron’s $54 billion Gorgon LNG project – the world’s most expensive – may be forced to dump chunks of its early production onto an already saturated global spot market, as some Japanese clients warn they are unlikely to take up test shipments. …Japanese buyers holding long-term supply contracts have in the past eagerly

The post Japanese turn back Gorgon test cargoes appeared first on MacroBusiness.

RBA launches worst property market analysis in known world

July 9, 2015 - 03:45 -- Admin

By Leith van Onselen In July last year, the Reserve Bank of Australia (RBA) released a wonkish research paper that tried to argue that Australian housing was “fairly valued” compared to renting, based on a comparison of the financial cost of renting a home versus the cost of owning a similar dwelling, whereby the latter

The post RBA launches worst property market analysis in known world appeared first on MacroBusiness.

BHP embraces carbon mitigation

July 9, 2015 - 03:39 -- Admin

Former head of BHP coal Dean Dalla Valle from The Australian: …has told a Washington, DC audience that the private sector needs to play a part in this year’s Paris climate talks. …“We must ensure our business is prepared if we are to maximise energy efficiency, minimise environmental impact, deliver economic growth for shareholders and fulfil

The post BHP embraces carbon mitigation appeared first on MacroBusiness.

Melbourne’s high rise boom gets a kick along

July 9, 2015 - 02:54 -- Admin

By Leith van Onselen The latest dwelling approvals data, released by the ABS, revealed that Melbourne’s dwelling construction boom has reached unprecedented levels, with a record 55,965 dwellings approved across the metropolitan area in the year to May 2015: With the lion’s share of these being attached homes (i.e. units, apartments and townhouses): Yesterday, Victoria’s

The post Melbourne’s high rise boom gets a kick along appeared first on MacroBusiness.

Grexit front and centre

July 9, 2015 - 00:23 -- Admin

The US doesn’t want a Grexit, from the FT: US Treasury secretary Jack Lew has raised the pressure on European leaders to grant some debt relief to Greece to help avoid its exit from the eurozone and what Washington sees as an unnecessary hit to the global economy. Warning that a Greek meltdown would cause hundreds

The post Grexit front and centre appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Fed minutes cancel rate hikes

July 9, 2015 - 00:22 -- Admin

From the Fed minutes: While participants generally saw the risks to their projections of economic activity and the labor market as balanced, they gave a number of reasons to be cautious in assessing the outlook. Some pointed to the risk that the weaker-than-anticipated rise in economic activity over the first half of the year could

The post Fed minutes cancel rate hikes appeared first on MacroBusiness.

China outlaws selling of shares

July 9, 2015 - 00:02 -- Admin

From Bloomie: China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, its latest effort to stop the nation’s $3.5 trillion stock-market rout. Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended

The post China outlaws selling of shares appeared first on MacroBusiness.

Links July 9, 2015

July 9, 2015 - 00:01 -- Admin

Macro, Markets & Investing US and Japan increase pressure on Europe to reach a deal with Greece – Guardian International Taxation and Global Development – Project-Syndicate Why German bonds could be even riskier than Greece’s – Market Watch Why Iran is the biggest problem for oil traders – Market Watch Oil sinks toward $56 as

The post Links July 9, 2015 appeared first on MacroBusiness.

Pages