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Barangaroo • ausbiz.com.au
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Dalian iron ore continuing to grind higher. Now clearly out of the downtrend that began in mid-July
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Retail sales (prelim) in July were as weak as expected, slumping as expected in NSW due to lockdowns. A rise in Victoria is clearly temporary. Seems like limited prospect of recovery for the rest of Q3
#ausbiz pic.twitter.com/d3HfxYcE5u
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Companies in the US and UK must produce a CEO pay ratio to show how many multiples of the average worker's wage goes to the top brass. Should it be introduced in Australia?
#ausbiz https://www.abc.net.au/radionational/programs/lifematters/ceo-pay-ratio-and-how-much-your-boss-makes/13510432?fbclid=IwAR28zpQMWfSxXd_IbXtvGyvL585LtL4_lQL67CStmcXb85we_0URmqjZjQU … -
It takes more than a single model to understand the economy https://bit.ly/3B81fDk
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AU Q2 construction work done print disappoints, residential activity a key miss. Overall supports the narrative that Q2 real GDP will be soft and indeed risks being negative
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After falling by 8.9% in July, NSW retail trade is now 5.7% below where it was in March last year
#ausbiz pic.twitter.com/dJBcJxLJSq
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Retail trade fell 2.7% in July - driven by a massive 8.9% decline in NSW - to be 3.1% lower over the year. Retail is currently at its lowest level since October
#ausbiz pic.twitter.com/QXVEH181ll
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AU Payrolls data continue to be weak for the w/e July 31 , the series is heavily revised but the trend is clear
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Our Australian Economic Activity Tracker slipped a bit lower in the last week, but its likely at or close to the bottom as NSW and Vic are at/around bottom in terms of key indicators…unless of course other states enter long hard lockdowns.
#ausecon#ausbiz pic.twitter.com/TDZXW7LudO
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Australian construction activity was weaker than expected in Q2 rising by 0.8% vs 2.8% forecast. Activity was led by the public sector (3.2%q/q). Private residential work surprised falling by 0.2% in the quarter.
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Mortgages written over at major broker
$AFG Investor crowding out of FHBs back to usual.#ausbiz pic.twitter.com/gD8iv2432H
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It's the law in the US and UK. Companies here have the number already. Proponents think forcing 'CEO pay ratio' to be published could help rein in sky-high CEO packages... and boost worker's wages.
#ausbiz#auspolhttps://www.abc.net.au/news/2021-08-23/ceo-pay-ratio-the-small-number-that-could-change-a-lot/100215434 … -
Australia, private capital expenditure (capex, business investment) June quarter, 2021: +4.4% (survey: +2.6%).
#ausbiz#ausecon#commsecpic.twitter.com/u6TUpW8bmV
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Australian Capex 4.4% in Q2; 2021/22 investment plans $127.7bn
#ausbiz https://jamesfostermacro.blogspot.com/2021/08/australian-capex-44-in-q2-202122.html …pic.twitter.com/b9rZ14Ca3e
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Week in review: Growth concerns continue to weigh on markets.
#ausbiz https://jamesfostermacro.blogspot.com/2021/08/macro-review-208-test-of-resilience.htmlWeek …pic.twitter.com/fjnrCWWb01
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Coles magazine increases readership to reach 5 million every month Read More: http://ow.ly/Vugi50FZ3An
#AusMedia#AusNews#AusBiz#AusMags@Colespic.twitter.com/tD3BBQYC4m
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ACM hits 100,000 digital subscribers with YoY growth of 49% Read More: http://ow.ly/YDcD50FZ3FE
#AusMedia#AusNews#AusBiz@ACMVorapic.twitter.com/cUOmUkhEMy
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What questions can
#ausbiz ask to help them understand the#humanrights implications of mandating employee#covid#vaccinations? Read our new infographic to learn more: https://bit.ly/3kpuj2g#bizhumanrights#esg#susty#csrpic.twitter.com/mJgV0Y1gNz
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An upside surprise on AU capex for Q2, strength in larger states and in non-mining sectors, gives hope Q2 GDP might record a modest positive
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$RNU up 25% on the back of an offtake agreement#asx#ausbiz#graphitepic.twitter.com/3RDA8fAili
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