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Your Democracy Wednesday, April 10, 2024 - 08:38 Source

Yuan displacing dollar on Russia’s foreign exchange market – Central BankThe Chinese currency now accounts for the largest share of forex trading, the regulator reports

The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday.

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Your Democracy Wednesday, April 10, 2024 - 06:49 Source

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Your Democracy Wednesday, April 10, 2024 - 06:18 Source

A full-scale military conflict in Europe has become more likely due to the standoff with Russia, the EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, has claimed, while warning member states against relying on the US to defend them.

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Your Democracy Wednesday, April 10, 2024 - 05:16 Source

 

US facing worst risks since WWII – JPMorgan bossGeopolitical tensions and political polarization at home threaten “America’s global leadership role,” Jamie Dimon has warned...

The US is facing grave risks in the wake of rising global geopolitical tensions and the nation’s domestic political polarization, Jamie Dimon, JPMorgan Chase chief executive, has warned.

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Your Democracy Wednesday, April 10, 2024 - 05:06 Source

Macron teams up with Cameron for Russia conflict

https://www.youtube.com/watch?v=vXxaBZ01DlM

 

France's foreign minister said on Monday, April 8, it was no longer in Paris's "interest" to talk to Russia after differing accounts emerged from a rare phone call about last month's deadly attack on a Moscow concert hall.

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MacroBusiness Wednesday, April 10, 2024 - 00:01 Source

Following the biggest immigration surge in Australia’s history, which saw a record 549,000 net overseas migrants land in the year to September 2023, The Australian Population Research Institute (Tapri) has released a comprehensive survey showing that Australians comprehensively reject high immigration and a Big Australia. Tapri’s December 2023 national survey of 3000 voters (published April

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Renew Economy Tuesday, April 9, 2024 - 22:30 Source
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Renew Economy Tuesday, April 9, 2024 - 18:24 Source
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Your Democracy Tuesday, April 9, 2024 - 18:00 Source

Two decades after the Howard Government spied on Timor-Leste’s seabed boundary negotiating team, for oil company Woodside, the Albanese Government is still fighting against the truth coming out. Reporting on the biggest cover-up in Australia’s history, Rex Patrick explains why.

DFAT submissions found in the long-running FOI battle reveal how the commercial interests of Australian fossil fuel companies still take precedence.

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The Australian Independent Media Network Tuesday, April 9, 2024 - 17:41 Source

MITOCHONDRIAL DISEASE A $1 BILLION HIT TO AUSTRALIA’S ECONOMY A groundbreaking new study has revealed for the first time the true cost of mitochondrial disease (mito), stripping more than $1 billion from Australia’s economy each year.   Commissioned by the Mito Foundation, the first of its kind Preventable burden of mitochondrial disease report by the…

The post Mitochondrial Disease costing Australians $1 Billion each year appeared first on The AIM Network.

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MacroBusiness Tuesday, April 9, 2024 - 16:30 Source

A better trading session across stock markets in Asia today despite the flat result on Wall Street overnight as risk continues to absorb the outcome of Friday’s US jobs report, which came in hotter than expected. The USD is now slipping and becoming weaker against all the majors as the Australian dollar pushes above the

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, April 9, 2024 - 15:18 Source
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Renew Economy Tuesday, April 9, 2024 - 14:50 Source
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Your Democracy Tuesday, April 9, 2024 - 14:16 Source

 

"The lingering cry of a crane is heard over the swamp.

I am listening, having gotten rid of unnecessary rhymes.

Sleep, torn and bloody land,

Shuddering from explosions, disrupting the heart's rhythm.”*

 

Lack of American funding is the reason Ukraine is failing on the battlefield, Senate Majority Leader Chuck Schumer said on Monday. He demanded the House Republicans pass the $61 billion aid bill as soon as possible.

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MacroBusiness Tuesday, April 9, 2024 - 14:00 Source

The Australian stock market is a case study of how regional nuances can shape investment outcomes. Say you were a financial advisor in the US, Japan or Europe. If you put a retail client into 50% miners and banks, and they tanked, you might lose your licence. In Australia, that is just the market: \

The post The hidden costs of high dividend yields in Australia appeared first on MacroBusiness.

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Renew Economy Tuesday, April 9, 2024 - 13:55 Source
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Renew Economy Tuesday, April 9, 2024 - 13:55 Source
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MacroBusiness Tuesday, April 9, 2024 - 13:30 Source

The notion that Australia’s housing market is experiencing an investor “exodus” was blown apart by the latest mortgage finance data from the Australian Bureau of Statistics (ABS) released on Monday. The value of investor mortgage commitments jumped by 21.5% in the year to February, easily eclipsing the 9.1% growth recorded by owner-occupiers: Investor mortgage demand

The post Investors bull rush Australian property appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 9, 2024 - 13:00 Source

Should Australia import LNG? Australia will need more than one LNG import terminal to safeguard east coast supplies and prevent a devastating shortfall, one of AGL Energy’s most senior executives says. Australia’s east coast will see gas shortfalls as soon as winter next year under extreme weather conditions, and by 2027 the gap will be

The post Should Australia import LNG? appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 9, 2024 - 12:33 Source

This makes more sense to me than any other explanation I’ve seen for the atypical rip in the gold price away from traditional drivers of DXY and real interest rates: “Gold is trading at an all time high and gold ETF demand has surged in the past week with almost $600 million of net inflows

The post Chinese irony inflating gold? appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 9, 2024 - 12:30 Source

The latest rental vacancy rate data from PropTrack shows little respite for Australian tenants. The national vacancy rate in March was just 1.11% which, although a slight improvement on February, was the second lowest result on record across the combined capital cities: “Rental conditions saw a slight improvement in March, though renters should expect little

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MacroBusiness Tuesday, April 9, 2024 - 12:00 Source

Go Albo! Bunnings has slammed a push by Woolworths for the code governing supplier relationships to be expanded to cover rivals Amazon, Costco and Chemist Warehouse, saying it would do little to lower prices and imposed a one-size-fits-all approach on unrelated business operations. Coles and Woolworths signed on to plans to make the supermarket code

The post Get set to pay Albo’s supermarkets re-election tax appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, April 9, 2024 - 11:56 Source

Can it get any busier? The World Court, otherwise known as the International Court of Justice, has been swamped by applications on the subject of alleged genocide. The site of interest remains the Gaza Strip, the subject of unremitting slaughter since the October 7, 2023 cross-border attacks by Hamas against Israel. The retaliation by Israel…

The post Germany, Gaza and the World Court: Broadening the Scope of Genocide appeared first on The AIM Network.

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MacroBusiness Tuesday, April 9, 2024 - 11:30 Source

Is it any wonder? Hopeless government. Mad immigration-led economic model that systematically impoverishes. No conversation about anything that matters. Westpac with the note.  Westpac Consumer Sentiment Index down 2.4% to 82.4. The pessimism that has dominated the consumer mood for nearly two years now is still showing few signs of lifting. The latest Index read

The post Consumers lose faith in economy appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, April 9, 2024 - 11:20 Source

Yes, I’m late to the Eclipseapalooza, but this Guide to the Eclipse was too good not to steal (from Medway on Facebook) in the unnatural End of Days darkness. The one about ‘When your double arrives’, sounds like a great idea for a book.

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MacroBusiness Tuesday, April 9, 2024 - 11:00 Source

International students have been the driving force behind Australia’s record net overseas migration boom: The latest temporary visa data from the Department of Home Affairs shows that there were a record 713,144 international students in Australia at the end of February 2024: This record surge in net overseas migration has more than halved Australia’s rental

The post Make universities house international students appeared first on MacroBusiness.

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Renew Economy Tuesday, April 9, 2024 - 10:56 Source
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Your Democracy Tuesday, April 9, 2024 - 10:32 Source

Ukraine spares clowns from military draft – RIACircus performers have been declared a category of special strategic importance not subject to conscription

The government in Kiev has designated several circus troupes as enterprises of critical importance, whose employees will be exempt from mobilization, two lawmakers confirmed on Monday.

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MacroBusiness Tuesday, April 9, 2024 - 10:30 Source

The Market Ear with its “perfect storm”. Trend please NASDAQ is up 1.3% from mid February highs. Tech needs a new trend. Refinitiv “Weird” VIX VIX was very well bid last week as the stress from Thursday was present into Friday as well, despite the market bouncing. Today, we are seeing VIX down, not your

The post Stocks entering “The perfect storm” appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 9, 2024 - 10:00 Source

Iron ore went nuts yesterday, as it is want to do on the Dalian exchange: Coking coal was a less volatile partner: There was zero support from Chinese steel futures but SGX joined in: There was some data to excite the uninitiated. CISA late March steel output climbed. But it remains well down year on

The post Another dead cat bounce for iron ore appeared first on MacroBusiness.

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