Economy

Solar surge to leave large power companies in the shade

Smarter products and surging output from rooftop solar systems will keep a lid on the amount of power we buy from the grid… Source: Solar surge to leave large power companies in the shade Read More »

The economic shock of a ‘Brexit’

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By Sebastian Mallaby Sebastian Mallaby is a senior fellow at the Council on Foreign Relations and a Washington Post Global Opinions contributing columnist. He is an editor at InFacts.org, a website campaigning to keep Britain in the European Union. LONDON For the first time since the start of Britain’s referendum fight over Europe, the polls predict “Brexit.” The four most recent national surveys put the “Leave” side ahead with margins of between one and 10 percentage points. Most people, including ... Read More »

Global investors tell MSCI to give China A shares the thumbs down

NEW YORK–In what must feel like an epic smack down, MSCI denied China’s domestic equities entry into its benchmark indexes for the third time in as many years. Not that it should have… Source: Global investors tell MSCI to give China A shares the thumbs down – Asia Times Read More »

A brighter future: Can tourism help rebuild East Timor?

East Timor is counting on tourism to give a boost to its economy and hoping some of the nation’s darkest days will become part of a brighter future… Source: A brighter future: Can tourism help rebuild East Timor? – BBC News Read More »

Why small SMSFs are losing money: the $595b self-managed time bomb

Few rules, little protection and big pots of money. Is it time to put the leash on super?… Source: Why small SMSFs are losing money: the $595b self-managed time bomb Read More »

Gross says negative yields will lead to ‘supernova’-like market implosion

Government bond yields hit record lows, spook investors As yields on government bonds across the globe march toward fresh record lows, bond guru Bill Gross continues to sound the alarm. Early Friday, he tweeted via Janus Capital that global yields are their lowest in “500 years of recorded history.” The fixed-income expert, who manages the firm’s unconstrained bond strategy, cautioned that record-breaking low yields and negative interest rates emerging in places like Japan and parts of Europe could have… Source: ... Read More »

IMF Go Home

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Eurozone finance ministers and the IMF have agreed with Greece to begin providing some debt relief to the country, and to release $10.3 billion in bailout funds. But all parties would have been better off had the IMF been cut out of the deal, in favor of greater reliance on European loans… Source: IMF Go Home by Daniel Gros – Project Syndicate Read More »

Switzerland holds referendum on basic income

Swiss voters have overwhelmingly rejected a proposal to introduce a guaranteed basic income for all. Final results from Sunday’s referendum showed that nearly 77% opposed the plan, with only 23% backing it. The proposal had called for adults to be paid an unconditional monthly income, whether they worked or not. The supporters camp had suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and also SFr625 for each child… Source: Switzerland holds referendum on basic income – ... Read More »

Greek Leaks Expose IMF Chief Overruling Pro-Debt Relief IMF Negotiator

Securities lawyer Dimitri Lascaris says recent leaks to the press show that IMF Chief Lagarde forced her negotiator to give up the previously stated position to insist that creditors offer debt relief to Greece.. Recent press reports have revealed that International Monetary Fund chief Christine Lagarde forced her negotiator to renege on an agreement that would have provided debt relief to Greece. Eurozone finance ministers and the IMF appeared to reach a deal last week that would have cleared the ... Read More »

Japan temporarily bans live cattle exports from Australia over bovine Johne’s fears

Japan has temporarily stopped accepting live feeder and breeder cattle exports from Australia after a number of animals tested positive for bovine Johne’s disease… Source: Japan temporarily bans live cattle exports from Australia over bovine Johne’s fears Read More »

China demand to drive 15 year-long bauxite boom, says Rio Tinto

Just when you thought the mining boom was over, there’s a commodity poised to soar over the next 15 years… Source: China demand to drive 15 year-long bauxite boom, says Rio Tinto Read More »

Trains grind to a halt as strikes grip France

Transport chaos hit France again on June 1, just nine days ahead of Euro 2016, as railway workers went on strike in the latest salvo of a months-long battle between the government and unions.. Between a third and half of France’s trains were expected to grind to a halt, as workers from railway operator SNCF launched their eighth strike in three months, this time saying it will continue until demands for better pay and conditions are met… Source: Trains grind ... Read More »

How much is the bank making on your mortgage?

Irish banks earn the second highest margins on new mortgage lending in the Eurozone ECB figure show.. It’s difficult to avoid mortgages these days. Pick up a paper or turn on the radio and it seems it won’t be long before mortgages make an appearance; no, not people taking them out, but the shocking disparity – of about 2 percentage points – between what Irish property owners are paying on variable interest… Source: How much is the bank making on ... Read More »

Roberto Saviano: London is heart of global financial corruption

Speaking at the Hay festival, the anti-mafia journalist said British financial services made the UK the world’s most corrupt nation.. The financial services industry based in the City of London facilitates a system that makes the UK the most corrupt nation in the world, the anti-mafia journalist Roberto Saviano said at the Hay festival… Source: Roberto Saviano: London is heart of global financial corruption | Books | The Guardian Read More »

No slowdown for India despite global uncertainty, Jaitley says

[TOKYO] Despite “considerable” uncertainty in the global economy, India’s growth is set to continue its world- beating pace, according to Finance Minister Arun Jaitley.. “I don’t think we have a slowdown in sight for the reason that there is a lot of economic activity generated by increased public funding, foreign investment, and urban demand moving up,” Mr Jaitley said in an interview on Monday while visiting Japan, where he hopes to… Source: No slowdown for India despite global uncertainty, Jaitley ... Read More »

Austerity policies do more harm than good, IMF study concludes

Economists give strong critique of neoliberal doctrine ushered in by Ronald Reagan and Margaret Thatcher in the 1980s.. A strong warning that austerity policies can do more harm than good has been delivered by economists from the International Monetary Fund, in a critique of the neoliberal doctrine that has dominated economics for the past three decades. In an article seized on by the shadow chancellor, John McDonnell, the IMF… Source: Austerity policies do more harm than good, IMF study concludes ... Read More »