The benefits of the new international student caps are obvious: Almost 150 tertiary colleges have been shut down for failing to show proof they were offering any training to students, figures have revealed. The vocational education providers were closed down as part of a crackdown by the Australian Skills Quality Authority, targeting colleges that did
Australia’s endowment of renewable assets is about to go the way of resources, thanks to Mike Cannon-Brookes: Australia’s biggest renewables project, SunCable, has won environmental approvals from the Albanese government, with the giant development in the Northern Territory set to produce enough power for three million homes. Backed by tech billionaire Mike Cannon-Brookes, the Australia-Asia
Last week, before the Australian Bureau of Statistics (ABS) released the July labour force survey, Alex Joiner posted the below chart showing how Victoria had the highest unemployment rate and lowest private sector wage growth out of the states: Joiner also published the following chart showing how Victoria’s unemployment rate (4.55%) was well above the
The market must clear! A price war is spreading across China’s new-home market, as local governments dial back on intervention and developers race to recoup cash. In Beijing, a sudden 18% price cut in May at a mid-sized residential project on the city’s outskirts has forced adjacent new developments to follow suit, according to people
Qingdao iron ore was up a touch to $92.44 yesterday. SHFE and SGX futures bounced however there is no improvement in steel margins: Dalian popped: Coking coal lagged: Citi has beared up: Iron ore (IO) prices have collapsed over 20% from May highs to breach our prior$95/t 0-3mth pt price forecast last week. We think
Yet another quiet night in dataflow and macro events which gave Wall Street the mid week wobbles as both European and US stocks retreated slightly despite a solid session here in Asia. Currency markets again saw Euro to the fore as it breached the 1.11 handle while Yen is still hardening alongside the Australian dollar
DXY is pricing a dovish Fed at Jackson Hole: AUD too: North Asia is one way traffic: Oil is the reverse. It’s not a pretty chart. Gold to the moon! It is unusual and probably stupid to see metals diverge from oil: Miners are the tell: EM wants to but… Junk still bullish: Yields are
Reserve Bank of Australia (RBA) governor Michele Bullock warned last week that a further deterioration in the Chinese economy could smash national income via a collapse in the iron ore price. “Developments in China can have quite a big impact on the way our trade develops, and therefore on our growth”, Bullock told the House
Alan Kohler has penned an article in The New Daily blaming excessive immigration over several decades for driving Australia’s housing crisis: While I disagree with several aspects of the article, Kohler’s overall conclusion is correct: “Getting Australia’s population growth down to something approaching the actual capacity of the construction industry to build houses for them
Financial markets are still pricing one cut in the official cash rate (OCR) by the end of the year, followed by further reductions next year: However, the Minutes from this month’s RBA board meeting were released on Tuesday and explicitly stated that “holding the cash rate target steady at its current level for a longer