Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

World steel output tanks

August 21, 2015 - 04:51 -- Admin

From World Steel: World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 133 million tonnes (Mt) in July 2015, a -3.8% decrease compared to July 2014. China’s crude steel production for July 2015 was 65.8 Mt, down by -4.6% compared to July 2014. Japan produced 8.8 Mt of

The post World steel output tanks appeared first on MacroBusiness.

China’s crisis is everyone else’s problem

August 21, 2015 - 04:48 -- Admin

Ambrose Evans-Pritchard says the China crisis has passed: Gothic warnings of a Chinese collapse this year will look silly by Christmas. The reckoning has been delayed again. Given the sanctions and given that China has a trade surplus of $600bn or 6pc of GDP – and is therefore accumulating foreign exchange at blistering pace, ceteris paribus

The post China’s crisis is everyone else’s problem appeared first on MacroBusiness.

QE4 is not impossible

August 21, 2015 - 04:48 -- Admin

Renowned bear Ambrose Evans-Pritchard says the China crisis has passed: Gothic warnings of a Chinese collapse this year will look silly by Christmas. The reckoning has been delayed again. Given the sanctions and given that China has a trade surplus of $600bn or 6pc of GDP – and is therefore accumulating foreign exchange at blistering pace, ceteris

The post QE4 is not impossible appeared first on MacroBusiness.

Tsipras calls snap election

August 21, 2015 - 03:49 -- Admin

From the FT: Greece is to hold a snap general election after prime minister Alexis Tsipras resigned and asked the Greek people to pass judgment on the latest bailout deal. In a televised addressed, the leader of the leftwing Syriza party said he would tender his coalition government’s resignation to Greece’s president, triggering the sixth

The post Tsipras calls snap election appeared first on MacroBusiness.

Links 21 August 2015

August 21, 2015 - 00:01 -- Admin

Global Macro / Markets / Investing: S&P 500 Erases Gain for Year as Global Growth Concerns Intensify – Bloomberg Are Hedge Funds Fake? – Bloomberg View From Mining to Refining: Low Commodity Prices Force Shift at Industry Giants – Wall Street Journal Credit Traders Gird for the Worst as Fed Loses Its Grip on Debt

The post Links 21 August 2015 appeared first on MacroBusiness.

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

ASX at the close

August 20, 2015 - 16:14 -- Admin

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets While perceptions of the Federal Open Market Committee (FOMC) minutes appear to be mixed, the market clearly believes that a September rate hike is unlikely to happen. The implied probability of a September rate hike in the Fed funds futures dropped to 38% overnight,

The post ASX at the close appeared first on MacroBusiness.

Pascoe-Domain attacks ASIC macroprudential

August 20, 2015 - 15:56 -- Admin

From Michael Pascoe-Domain: The authorities might do well to reflect on the role of our tax system in encouraging interest-only loans but ASIC, with its consumer focus, should be wary of travelling too far down the nanny-state path. Turns out more than 70 per cent of interest-only borrowers earn more than $100,000 a year. Most of

The post Pascoe-Domain attacks ASIC macroprudential appeared first on MacroBusiness.

GST on tampons to stay

August 20, 2015 - 14:32 -- Admin

By Leith van Onselen Assistant Treasurer, Josh Frydenberg, has revealed in Parliament that the GST on tampons and other “sanitary products” will stay because not all states and territories were on board with the change. Just last week, New South Wales Treasurer, Gladys Berejiklian, announced that she would not support removing the GST on tampons,

The post GST on tampons to stay appeared first on MacroBusiness.

Origin slaughtered, cuts 800 jobs

August 20, 2015 - 14:21 -- Admin

The rude awakening for LNG is here with Origin now down 13%: And announcing big jobs cuts, from The Australian: Origin Energy has flagged 800 job cuts, mainly in Brisbane and Melbourne, this financial year after it swung to an annual loss, squeezed by lower oil prices and impairment charges even as it plans to

The post Origin slaughtered, cuts 800 jobs appeared first on MacroBusiness.

Don’t waste Hockey’s IP inquiry

August 20, 2015 - 13:42 -- Admin

Cross-posted from The Conversation: Australian Treasurer Joe Hockey has asked the Productivity Commission to undertake a wide-ranging review of Australia’s intellectual property regime. The review is an opportunity for an increasingly distracted government to set its stamp on the Australian economy for the next 20 years. It is an opportunity that will almost certainly be

The post Don’t waste Hockey’s IP inquiry appeared first on MacroBusiness.

Pages