Via the AFR comes nightmare of the ACCC’s making: Shell is edging towards a long-awaited decision to develop about 5 trillion cubic feet of gas at its Arrow operation in southern Queensland, but senior management has made it clear a go-ahead later this year is not a foregone conclusion after several “surprises” from governments that
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In todays LIVE webinar (12:30pm AEST, Thursday 18th July), hear from MB Fund’s Head of Investment, Damien Klassen and Tim Fuller as we have a look at: The latest stats from Australian SMSFs and where they are currently invested 2 major mistakes SMSF trustees make in asset allocation Some key ways to avoid making these
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Via Fitch for ANZ: VIABILITY RATING, IDRS AND SENIOR UNSECURED DEBT The revision of the rating Outlook to Negative reflects the risk that ANZ’s focus on remediating operational and compliance risk issues and culture may result in the diversion of resources from ongoing operations, which could ultimately lead to a weakening of ANZ’s earnings relative
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The federal government is adamant that the states should bear the full financial cost of remediation work on buildings that have structural defects or use combustible cladding. Industry Minister Karen Andrews says the states should not “shirk their responsibilities”, given the revenue they have gained from the construction boom over the last decade. Meanwhile, Victoria’s
The post States told flammable cladding is their problem to fix appeared first on MacroBusiness.
The ABS is out with June Labor Force and the news is poor: SEASONALLY ADJUSTED ESTIMATES Employment increased 500 to 12,871,700 persons. Full-time employment increased 21,100 to 8,815,600 persons and part-time employment decreased 20,600 to 4,056,100 persons. Unemployment increased 6,600 to 711,500 persons. Unemployment rate remained steady at 5.2%. Participation rate remained steady at 66.0%.
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The Coalition began implementing some of the Hayne banking royal commission’s recommendations prior to the federal election. However, the government has warned that the bulk of the recommendations are unlikely to be implemented before the end of 2019. Treasury has barely begun the consultation process and drafting of legislative reforms. Shadow treasurer Jim Chalmers says
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They’ll be rooned, says News: Setting aside the fact that just 160,000 members of the Conservative party will ultimately decide who will secure Britain’s exit from the EU, the new leader will find themselves in much the same position as that which forced Theresa May to quit. The conundrum is this: Theresa May negotiated a
The post Britain’s Brexit is an economic Bobby Dazzler appeared first on MacroBusiness.
As we round out 2 years in the saddle, we are happy to announce round three of the MB Fund seminar series. This year’s presentation is titled Global Shocker! It will examine the mushrooming threats in Australia’s external environment including Cold War 2.0 and trade wars, Brexit, a slowing China and US recession, as well as their impacts
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Chanticleer is expressing public doubts as besieged APRA chairman Wayne Byers couldn’t even front cameras yesterday, preferring a teleconference from his fortress of solitude: This tight control of the dissemination of information and the strategic decision to avoid the nightly news sits oddly with the firm advice in the capability review for APRA to engage
The post Wayne Byers is no longer tenable appeared first on MacroBusiness.
Via Ray Dalio: One of my investment principles is: Identify the paradigm you’re in, examine if and how it is unsustainable, and visualize how the paradigm shift will transpire when that which is unsustainable stops. Over my roughly 50 years of being a global macro investor, I have observed there to be relatively long of
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