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Australia not very secretly leads Asian free trade push

June 27, 2019 - 09:30 -- Admin

Via Domain: Trade representatives from more than a dozen countries have flown into Australia to conduct highly secretive negotiations on a mega deal that will sideline the United States amid the ongoing economic fall-out from the US-China trade war. All 10 ASEAN member states and their partners; China, Japan, South Korea, Australia, New Zealand and

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Australia’s high-rise slums a $1 trillion problem

June 27, 2019 - 09:15 -- Admin

Martin North and property insider Edwin Almeida have delved into the high-rise apartment crisis, which they claim could become a $1 trillion problem for Australia, with owners and taxpayers likely to be left footing the bill. The video includes a bunch of alarming photos showing the types of faults prevalent across high-rise developments. Earlier this

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Daily iron ore price update (up again)

June 27, 2019 - 09:00 -- Admin

Having a few technical difficulties today so no charts: spot was up 1% to $44.75 rebar was stable at 3998 yuan Dalian bounced 2.7% overnight to 817 yuan. Nothing much in news of interest.

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Macro Morning

June 27, 2019 - 08:30 -- Admin

By Chris Becker  Two major factors are keeping markets enthralled at the moment, resulting in scratch sessions for stocks and the usual normal oscillation on currencies. The outcome of the Trump/Xi trade talks this weekend and the too-dovish expectations that the Fed will cut aggressively next month, with Treasuries rising again as interest rate cuts

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Australian dollar jumps as trade deal “90% complete”

June 27, 2019 - 08:16 -- Admin

DXY  was stable overnight: But the Australian dollar jumped across the board: Gold was hit: Oil rose: Metals too: An miners : EM stocks struggled: Junk yawned: Treasuries were sold: Bunds too: Aussie bonds were belted: Stocks were stable: Westpac has the wrap: Event Wrap US durable goods orders fell by a larger than expected 1.3%

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Six more charts on Australia’s housing construction bust

June 27, 2019 - 00:15 -- Admin

Earlier this week I provided 13 charts plotting annual population change (current to December 2018) against annual net dwelling additions nationally and across each of the major markets (to March 2019). This data showed that housing is well supplied nationally, albeit it is beginning to tighten as population growth increases and construction rates fall. Below are

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ScoMo’s only plan is extreme immigration

June 27, 2019 - 00:15 -- Admin

From Abul Rizvi, former Deputy Secretary in the Department of Immigration, at Inside Story: Morrison government’s $158 billion tax cuts. A lot has been said since the election about the politics of the cuts, with Labor under intense pressure from sections of the media to pass the necessary legislation, but less about what they reveal

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Restaurants demand more migrant visa slaves

June 27, 2019 - 00:10 -- Admin

In 2017, the Fair Work Ombudsman (FWO) revealed that migrant workers were involved in more than 75% of legal actions launched against unscrupulous employers. And last year, a FWO audit across Melbourne, Sydney and Brisbane revealed that around three-quarters of businesses in the hospitality industry had breached workplace laws: Fair Work inspectors visited 243 businesses on Victoria Street

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International students shafted by falling university staff ratios

June 27, 2019 - 00:08 -- Admin

Over recent weeks, MB has presented data from the Department of Education showing how academic (teaching) staff ratios at Australia’s universities has fallen badly behind booming international student enrolments, whose numbers have ballooned by nearly 300,000 since 2013: Despite the many billions of dollars of fees brought in from international students, Australia’s universities have spent

Links 27 June 2019

June 27, 2019 - 00:01 -- Admin

Global Macro / Markets / Investing: Amazon Will Pay $0 in Taxes on Multi-Billion Dollar Profits – Breibart Oil prices climb amid fall in U.S. stockpiles, Middle East worries – Reuters Former Shale Gas CEO Says Fracking Revolution Has Been ‘A Disaster’ For Drillers, Investors – Popular Resistance Hedge funds are looking for their new

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