Ian Verrender at the ABC is blunt. Peter Costello pulled the pin on a multi-billion transaction. So did Wayne Swan. Costello in 2001 rejected Royal Dutch Shell’s proposal to take a controlling stake in Woodside while Swan in 2011 put a stop to the Singapore Stock Exchange’s bid to take over the Australian Securities Exchange.
The broken-record business lobby has called on the federal government to lower Australia’s corporate tax rate. Business Council of Australia (BCA) President Geoff Culbert claimed that Australia’s 30% corporate tax rate is the third-highest among wealthy nations in the OECD and has made Australia uncompetitive and lowered invetment and productivity. “Our corporate tax rate is
It was a better day for the ferrous complex as it awaits the July Polibuo meeting, likely on July 31. The underpinnings of demand are still poor. Where official figures can mislead, PBoC surveys are better. Goldman. PBOC released its Q1 and Q2 surveys of bank loan officers, enterprises, and urban depositors on July 25,
So says Deutsche. AUD has risen to be the second-best performer in the G10 on a trade-weighted basis since we turned long in the May Blueprint(Figure1). Our more upbeat view has reflected two key factors. 1.Fundamental support was finally turning: the worst had passed for China and broader risk sentiment, and the domestic Australian economy
The trade war is over and everything will be awesome according to US officials in the Trump regime as the EU seemingly caved in on their respective trade “deal” aka framework, which has sent the USD higher while leaving European stocks adrift in a sea of trouble. Wall Street still pushed to new record
Victoria’s financial situation is dire. Victoria has the lowest credit rating in the nation and the highest per capita state debt. The major ratings agencies have warned that unless the state gets its debt under control, then it risks further ratings downgrades. Any downgrade would ratchet up interest repayments on the state’s debt, which are
In a press conference last week, New Zealand Housing Minister Chris Bishop made the case that his nation needed to decouple economic growth from housing price increases, regardless of how challenging that may be in the short term. Bishop made the case that the Kiwi economic recovery needs to be driven by broad-based growth in
Asian share markets are generally higher after news that the Trump regime has managed to secure the framework of a “deal” with the EU, even though it looks like resulting in massive tariffs for American importers. Markets love the news because at least its the semblance of stability with Wall Street and Eurostoxx futures up
After shocking economists and holding rates steady at last month’s monetary policy meeting, the Reserve Bank of Australia (RBA) stated that it was awaiting two key pieces of data before lowering rates: the June labour force report and the Q2 CPI inflation print. The June labour force report from the Australian Bureau of Statistics (ABS)
One of Australia’s leading China grovellers, James Curran, simply can;t break out of the 1970s. In his talks with then-Chinese premier Hua Guofeng, Fraser had proposed the formation of a quadrilateral pact – comprising China, the US, Japan and Australia – to hedge against Soviet ambitions in the Pacific and Indian oceans. It never eventuated.