Power price forecasts surge to 2017 levels
Expectations for wholesale power prices have firmed further as the drought, gas prices and other factors outweigh the impact of new renewable generation, heightening nervousness around energy costs.
Expectations for wholesale power prices have firmed further as the drought, gas prices and other factors outweigh the impact of new renewable generation, heightening nervousness around energy costs.
Inflation over the December quarter has marginally beaten economists forecasts thanks to a rise in the cost of tobacco, domestic holiday expenses and fruit. This is the first time in eight quarters that the CPI has beaten expectations.
US allegations that Chinese conglomerate Huawei stole American technology go to the heart of critical trade negotiations being held this week.
Negotiators will spend a lot of time focused on problems that are no longer such a big deal while both parties will refuse to budge an inch on really pressing issues
Australian Foreign Minister Marise Payne has pointedly noted that the US Congress and administration have formally agreed to keep open the door to rejoining trade agreements such as the TPP, saying there's "hope yet".
US consumer confidence fell in January as a partial shutdown of the government and financial markets turmoil frayed nerves.
A drop in Chinese direct investment overseas last year saw the flow of funds into Canada plunge by 47 per cent.
Business conditions suffered their biggest monthly fall since the global financial crisis over December and have not improved in 2019, according to industry experts.
"If the choice is between a democratic system ...and a one-party state," Australians would be "mad" to choose China over the US, says historian Niall Ferguson.
Sydney and Melbourne house prices have tumbled again as they edge closer to a full 10 per cent decline over the past year.
Nobody is expecting any major news from this week's policy-making meeting at the Federal Reserve. That's unfortunate.
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