The decision to pause the rate cut after October’s rate cut was widely expected because unemployment had improved slightly and inflation had risen slightly. Futures markets expect less than a 10 per cent chance of a rate cut, and prices are no longer pricing in another 25 basis points over 18 months. Although improved unemployment…
Prime minister Morrison called his meeting with Chinese premier li keqiang “honest” and “candid,” but was not satisfied with the “grim” nature of the talks. The premier met li keqiang on the sidelines of the southeast Asia summit in Thailand. “There is a frank recognition that we are quite different countries.” Morrison told reporters in…
Australian companies are taking action against climate change. Last week, at the United Nations climate summit, Atlassian co-founder Michael cannon-brookes announced the a $26 billion Australian software company’s commitment to zero emissions by 2050. Such “net zero” commitments are becoming more common, but there is no way to really achieve this momentum in different parts…