POPULARITY
Where should we be spending our tax money for the betterment of the nation?How do we subsidise every unit of fossil fuel production and burning across the world, and what do we do about this 'grey discount' aka 'green premium'?What's China up to and what does Australia do when competing with them directly is a mugs game?Join Tim Buckley of the Climate Energy Finance think tank and I, as we we answer these questions together after his panel session 'The Biggest Investment Mega Trend in History' at the Investor Group on Climate Change (IGCC) Summit, which he shared with Alexis Cheang, Persephone Fraser and Alan Hsu.We also go into the perfect example of exporting embodied decarbonisation thanks to Marghanita Johnson and the Australian Aluminium Council, plus disagreeing with the productivity commission, and reference a number of hard working folk;Professor Rod Sims, Minister Bowen, Minister Ed Husic MP, Treasure Jim Chalmers, Senator Penny Wong, Guy Debelle, Trinasolar, SunDrive, UNSW, Rio Tinto, Hancock Prospecting, BHP and Fortescue.Support the showFor the latest insights on leadership, impact investing, global challenges, business strategy and storytelling, make sure to join me on LinkedIn, and get the newsletter, Smarter Impact - Every Thursday!
Guardian Australia's political editor Karen Middleton speaks with economist and former deputy governor of the Reserve Bank, Guy Debelle. They discuss how the board makes decisions about the economy and the pressure they face in taking all sides into account
In the week following its star-studded 20th birthday celebration, iron ore giant Fortescue has seen three high-profile resignations. Fortescue's founder Andrew Forrest has cited differences in vision for the company, but neither CEO Fiona Hick, CFO Christine Morris nor director Guy Debelle have spoken publicly about the reason for their resignations. One thing we do know is that shareholders are uncomfortable. Are these resignations really down to employees not sharing Fortescue's ‘green vision'? Or does the company have a governance problem? Guardian Australia's senior business reporter Jonathan Barrett speaks to Jane Lee
Andrew Forrest's Fortescue empire is bleeding high-level executives. Our expert unpacks the divisive vision that's driving the mass exodus. Find out more about The Front podcast here and read about this story and more on The Australian's website or search for The Australian in your app store. This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet, and edited by Joshua Burton. The multimedia editor is Lia Tsamoglou, and original music composed by Jasper Leak.See omnystudio.com/listener for privacy information.
This week on The Fin, senior reporter Angela Macdonald-Smith and senior writer Ben Potter on the mammoth task ahead to re-engineer the country's power system, why we are unlikely to meet those 2030 climate targets and how we can get back on track to reach-net zero by 2050.Further reading: Meeting 2030 climate targets close to ‘impossible' Energy industry leaders are increasingly convinced that Australia will miss its 2030 climate targets, as the pace of adding renewable energy, back-up capacity and transmission falls further and further behind what is needed. Phased Eraring shutdown on cards as price worries mount Fortescue Future Industries director and former Reserve Bank deputy Guy Debelle warned that the lagging response in the supply of clean energy poses a risk for prices over the next 10 years as the economy transitions to low-carbon energy. Farmers revolt at Victorian power plan Australia hasn't built transmission projects this large across farm country for decades. The projects are critical to the transition to net zero, but farmers say they've been ignored, taken for granted and patronised. See omnystudio.com/listener for privacy information.
Another RBA rate rise; BRI's underlying commodity; ASIC sues Mercer Super; GNC maps to bushel prices; LAU & IGL made the S&P All Ordinaries; Gerry Harvey wheels out his old material; Guy Debelle pops up at Super Fund; Solly Lew creeps another 3% up the Myer share register; Mortgage Rate survey sees interest rates back to 6.48%; Alex Hay on WHC ownership movements; Pulled pork on Duratec (DUR); TK's experiments with selling stocks that are no longer on the buy list; TKs view on the negative market reaction to both CLX and DDH.
Resources reporter Peter Ker on the remarkable remaking of Andrew Forrest from mining magnate to green hydrogen crusader, what his plan is and whether he can actually pull it off.Background reading: Bike not the only thing to lose paint from Debelle's exit A bike crash left Guy Debelle using crutches at public events recently. But his exit for legitimate health issues won't spare Fortescue from pain. ‘The lazy will be left behind': Forrest's three lessons on climate The Fortescue boss paused for breath to talk to The Australian Financial Review about why, when most CEOs are skipping COP27 this year, he has doubled down. This man says he can solve the energy crisis. Will anyone believe him? Saul Griffith says subsidising the electrification of households would slash emissions and, eventually, energy costs. But can his pitch win local support? See omnystudio.com/listener for privacy information.
Victoria's Energy and Environment Minister Lily D'Ambrosio appeared at a Friends of the Earth (Melbourne) event last night (Thursday, March 10) to talk about the Victorian Government's plans to develop major offshore wind farms. Other Quick Climate Links for today are: "The Taming of the Slough: Humanity's History of Trying to Control Water" "IBC Solar Energy signs two solar parks in Hungary"; "Shell withdraws from 'all Russia hydrocarbons'"; "Smoke from nuclear war would devastate ozone layer, alter climate"; "Communities of Color See Spike in Flood-Related Illness After Hurricanes"; "The GLO discriminated against minorities in Houston and Harris County when denying federal flood relief, HUD says"; "Changing snowfall makes it harder to fight fire with fire"; "As Russia's invasion of Ukraine unfolds, right-wing media is pinning the blame on Greta Thunberg and climate activists"; "The behind-the-scenes plan to protect natural gas stoves and furnaces in Colorado"; "Shining a Light on Suicide Risk for Wildland Firefighters"; "Colorado steel mill goes solar"; "Advancing solutions to climate change, the energy transition and disasters"; "China's 2060 Climate Change Gambit"; "The Real Brake on America's Electric-Vehicle Revolution"; "Nuclear, coal, LNG: 'no taboos' in Germany's energy about-face"; "Russia's Ukraine Invasion Scrambles Biden's Green Agenda"; "History repeating: Morrison too slow on a natural disaster"; "Tory peer attended Cop26 summit for Russia, UN list shows"; "Sustainability: The Business Imperative for a Brighter Future"; "‘This is a fossil fuel war': Ukraine's top climate scientist speaks out"; "What are conservative commentators saying about the floods and climate?"; "Parts of Australia suffer drought and low rainfall as La Niña and climate change create weather extremes"; "New health alarm for battered NSW flood regions"; "Afforestation: Communities urged to cooperate, take ownership of projects"; "‘Don't put lipstick on it': UN to inspect Great Barrier Reef ahead of critical status decision"; "Flood-affected Australians call for action on climate change"; "RBA heir apparent Guy Debelle unexpectedly quits to join Forrest's green hydrogen play"; "‘Chilling effect': Universities criticise minister's research veto powers"; "‘They will never forget, never forgive': Flood backlash tipped at polls"; "In Lismore, it's getting harder to tolerate climate inaction – and Morrison's cowardly silence spoke volumes"; "Why Do We Still Subsidize Fossil Fuels?"; "Putin's Megaphone" - George Monbiot; "170M Americans lost 824M IQ points from leaded gas exhaust"; "Ukraine is a climate story. Because everything is a climate story": "Conservationists claim that their aim to place thirty per cent of the planet in protected areas by 2030 is supported by science. It isn't. What the science does and doesn't say about 30×30"; "How Air Pollution Across America Reflects Racist Policy From the 1930s"; "Is super-polluting Pentagon's climate plan just ‘military-grade greenwash'?" "Six key lifestyle changes can help avert the climate crisis, study finds"; "Six promises you can make to help reduce carbon emissions"; "Opposition's climate confusion a lesson in policy fumble"; "State opposition owes voters a clear climate agenda". Enjoy "Music for a Warming World". Support the show: https://www.patreon.com/climateconversations
Thursday 28th October 2021 There have been sharp movements in bond yields, with front end yields rising and falls at the back end. NAB's Gavin Friend says it reflects expectations that rising inflation will force central banks to raise rates sooner. We saw a higher-than-expected rise in Australian inflation yesterday and 2 year yields rose sharply overnight. Guy Debelle is in front of senate estimates this morning – will he still be arguing the transitory line? Bonds were also impacted by the Bank of Canada, who were more hawkish than expected, and by Rishi Sunak's UK budget, which included forecasts suggesting a £50 billion drop in debt issuance next year. Tonight, the ECB meets and Q3 US GDP numbers are released.
On Wall Street, both the Dow Jones and S&P500 closed lower for the third straight session. The Nasdaq also fell 0.6% as tech shares like Facebook, Apple, Netflix, and Alphabet, all closed lower. US investors will be watching the latest weekly jobless claims data, set to be released Thursday morning, which will give a greater look at the employment picture. Following a negative session overnight in the US, the Aussie share market is set to follow suite, with a fall of 0.47% if you go by the futures.What to watch today:In economic news, the ABS will publish its weekly payroll jobs and wages data for the fortnight to August 14, and RBA Deputy Governor, Guy Debelle will deliver an online address tonight at the Asian Securities Industry & Financial Markets Association Compliance Week conference.On the COVID-19 front, another half a million Pfizer vaccines have left the UK bound for Australia as part of a vaccine swap, set to arrive in less than one week since the deal was announced last Friday. The federal cabinet also discussed last night the changes required to lift Australia's overseas travel ban as early as November, which should be announced in the next few days. Keep an eye on travel stocks like Qantas (ASX:QAN), Flight Centre (ASX:FLT) and Webjet (ASX:WEB).Companies going ex-dividend today include Auswide (ASX:ABA), Monadelphous (ASX:MND), Nine Entertainment (ASX:NEC), Pro Medicus (ASX:PME), South32 (ASX:S32) and Vita Group (ASX:VTG). The most traded stocks by Bell Direct clients yesterday included Fortescue Metals (ASX:FMG), Zip (ASX:Z1P) and Flight Centre (ASX:FLT). The oil price climbed about 1%, following slow US output after Hurricane Ida. Producers in the Gulf are still struggling to restart operations nine days after Ida swept through the region. The gold price dipped to a two-week low as the dollar extended its gains, while the iron ore price continued to plunge, falling another 2.5% to US$135.56 a tonne.Uranium continues to trade at an 8 year high, lifting 3.5% to US$40. Trading ideas:Bell Potter has maintained its BUY recommendation on leading beauty and wellness company BWX (ASX:BWX) and has increased its price target by 7% to $6.10 (previously $5.70). BWX fell about 1% yesterday to $4.85, which implies about 26% share price growth. Bullish charting signals have been identified in Cobalt Blue (ASX:COB), Medlab Clinical (ASX:MDC) and K-TIG (ASX:KTG), according to Trading Central.
Friday 7th May 2021 The Bank of England has upped its forecasts for the growth of the UK economy this year – from 5 percent a few months ago, up to 7.25 percent. The recovery is booming, it seems, but let’s not get carried away, said BoE Governor Andrew Bailey. NAB’s David de Garis looks at the implications of the new forecast on their policy decisions moving forward. The RBA has also been in the spotlight, with Guy Debelle talking in Perth last night and suggesting that inflation forecasts were of less interest to the bank than the inflation that was actually being experienced. Tonight non-farms payrolls will be the focus in the US, where the economy is also bouncing back and jobs will be part of it, but just how quickly?
Thursday 6th May 2021 The Fed’s board continues to talk down the prospect of tapering, pushing the argument that price rises will be transitory. There was more evidence of prices being hit by supply chain issues in the services ISM numbers in the US this morning. It might be a different story in the UK. NAB’s Gavin Friend says its line ball as to whether the Bank of England will highlight the prospect of tapering this year. Guy Debelle might add some thoughts on the timeline for the RBA’s bond buying when he talks in Perth this afternoon. The UK also goes to the polls today, with the question of whether an increase in the SNP vote could force the case for another Scottish independence referendum.
What a week in economic news. As our monetary and fiscal policy agendas start to align to benefit Australia, it begs the question – should the RBA be doing more? Join Craig Balenzuela and QIC's Chief Economist, Dr Matthew Peter, as they discuss the implications of Dr Guy Debelle's recent speech, former Prime Minister Paul Keating's public condemnation of the RBA's response to the economic crisis, and the continued institutional demand for our supply of government bonds. Disclaimer: This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor's objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information. Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.
As Victoria emerges from its lockdown, Alan Kohler and James Kirby take a closer look at Reserve Bank deputy governor Guy Debelle's comment that a technical recession is over, and question how much that actually matters. Also on the agenda is the Australia Post Cartier watch scandal, a preview of the RBA's next meeting, and more. See omnystudio.com/listener for privacy information.
RBA deputy governor Guy Debelle has effectively stated that Australia is out of technical recession after pointing to positive growth in the September quarter. BetaShares chief economist David Bassanese says technical definitions don't accurately describe the real state of the economy. See omnystudio.com/listener for privacy information.
Wednesday 28th October 2020 There’s a risk that next week’s US election is more contestable than we might have considered a week ago. NAB’s Tapas Strickland says late surge polling could fall in the President’s favour. A poll in the US has also demonstrated just how many American’s would take to the streets if their preferred candidate didn’t win. Through rising COVID numbers into the mix, and it’s not surprising that the markets continue to struggle to find certainty right now. On the data front, US durable goods orders looked strong, as did industrial profits in China. And newspapers are reporting that Australia is heading out of recession on the back of the RBA’s Guy Debelle’s comments to Senate Estimates yesterday, but in reality his comments were more guarded than that.
The futures are suggesting the ASX200 will fall 1.1% following Wall Street's close in the red and comes despite NSW restrictions being eased from tomorrow, with restaurants, cafes, pubs and clubs able to take group bookings of up to 30 people per group.U.S. investors lost patience that a fresh U.S. stimulus package would eventuate before the election in almost 11 days. But it's important to note, regardless of who wins the presidential race, more stimulus will come from either party to bring their economy back to life. Netflix reported less subscribers than expected, which saw its shares lose about 7%. Meanwhile, Snap shares soared 28% to an all-time high on a smashing quarterly report. On the Commodity front: Oil fell 4% US$40.01 with Libya ramping up production, while U.S. inventory figures showed gas demand weakened. So that could hurt oil stocks today. While Gold made its first notable move in days, rising 1% to US$1,927. What to watch today:Quarterly results from AMP (ASX:AMP), Qantas (ASX:QAN), Mirvac (ASX:MGR) and OZ Minerals (ASX:OZL). AGMs today: Suncorp (ASX:SUN), Webjet (ASX:WEB), Magellan (ASX:MFG) and Crown (ASX:CWN).RBA's Deputy Governor, Guy Debelle will take part in a Fireside Chat – on the Future of the FX Global Code – at FX Week Australia 2020Trading ideas: Bell Potter upgraded Praemium's (ASX:PPS) Buy rating, increasing its price target to $0.85, implying 41% upside. Praemium's quarterly results were much stronger than expected supported by its Powerwrap acquisition. Bell Potter also upgraded MyState's (ASX:MYS) Buy rating, increasing its price target to $4.50 implying 15% upside on MYS' net interest margin. Bell Potter expects cash and NPAT growth to continue in FY22 and beyond. UBS upgraded Megaport (ASX:MP1) from a neutral to a Buy with a new $16.45 price target. UBS sees more strength in the second half of this financial year, with growth from North American after its customers rose 63%.Red 5 (ASX:RED), Bigtincan Holdings (ASX:BTH) and Galaxy Resources (ASX:GXY) are all showing bullish charting signals - according to Trading Central.
The ASX 200 closed down 0.7% in a day that could have been worse, given the extent of the sell off in the US and Europe overnight on fears of the worsening European Covid-19 situation. Tech was back in favour, as was healthcare, consumer discretionary and consumer staples, while cyclicals were hit hard. RBA Deputy Governor, Guy Debelle, reiterated today that the recovery is going to be drawn out, while also suggesting that the central bank may shift its policy response through measures such as buying longer dated bonds...Our top three VODs are:The case for value over growth in this marketHuawei: "This is a technology war"; 1,000+ jobs to go in AustraliaDrop in student numbers will affect housing demand for years to come See acast.com/privacy for privacy and opt-out information.
Overnight we saw a risk off environment unfold as the UK considers another national lockdown to slow rising infection rates. That saw tourism stocks move lower with Carnival shares down 6.7% and Delta Air falling 9.2%. Elsewhere, investors sold down banks as allegations swirled that a number of international banks have been moving illicit funds over the last two decades. But there was some light - technology shares slightly rebounded – U.S. tech darlings led Wall Street to a record high but the September-blues hit, so overnight investors bit into low hanging fruit. As for the US major indices, the S&P500 lost 1.2%, the Dow fell 1.8% and the Nasdaq fell just slightly, 0.1%.Commodities:Oil lost 4% to US$39.31 after climbing 10% last weekGold fell 3% - US$1,910 as investors flowed funds into the safe haven U.S. dollar. What to watch today?The Local futures are suggesting a pull back of almost 1% following Wall Street's fall.Stocks in Hydrogen, batteries, green steel, carbon capture and storage, and soil carbon may be worth a look as they've been flagged as the federal government's priority in low-emission technologies to develop over the next decade.The RBA Deputy Governor, Guy Debelle's speech on the Australian Economy and Monetary Policy will be in focus. So look for hints on negative interest rates and if the RBA thinks the second half of 2020 will show solid or tepid recovery.Trading Ideas:Australian Pharmaceutical Industries (ASX:API), which owns Priceline, Soul Pattinson Chemist and Clear Skincare clinics was downgraded to a Bell Potter Sell with a $0.85 price target, implying a 17% pull back from yesterday's close of $1.02.Laybuy Group (ASX:LBY) was initiated as Bell Potter speculative Buy with a $2.40 price target, implying 41% upside from in a year, from yesterday's close of $1.71.And keep an eye on Johns Lyng Group (ASX:JLG), Shine Justice (ASX:SHJ) and Aspen Group (ASX:APZ) -all three are giving off bullish charting signals - according to Trading Central.
Tuesday 22nd September 2020 Concerns over the impact if a second wave in the US and Europe seem to be gathering momentum, driving investors to government bonds and safe-haven currencies. NAB’s Gavin Friend says banking stocks have added to the slide today following an investigation into how some big banks failed to stop money laundering up to three years ago. The US election is adding to uncertainty. But it’s the rising virus numbers that are the real concern and what else, if anything, central banks can do about it. All eyes will be on Jerome Powell’s testimony on the Fed and on Guy Debelle’s speech today, to see the direction the RBA is planning to head.
Tuesday 30th June 2020 There’s a little positive sentiment pushing shares higher again today and helping the US dollar gain on the Yen and Swiss Franc. Why the optimism? Because there wasn’t really any new bad news. NAB’s Ray Attrill says the housing market seems to be the brightest spot in the US economic recovery, with a 44 percent increase in pending home sales. The Dallas Fed manufacturing index also gave some encouragement, even with the rising COVID-19 infections in Texas. Today China’s PMI numbers, Aussie weekly jobs numbers, words from Guy Debelle and US consumer confidence numbers from the Conference Board will all be worth watching.
Thursday 5th March 2020 Equities and the US dollar have bounced back today, even if bond yields remain low. On today’s Morning Call NAB’s David de Garis suggests the markets are being driven by hope that government’s will follow the lead of their central banks and respond to the virus emergency with stimulus packages to protect their economies. Australia and the UK have both said details will be available soon – two currencies showing gains today – whereas Europe is a little more cagy, with the Euro losing ground. Meanwhile, the Bank of Canada has followed the Fed’s lead with a 0.5 percent rate cut and Guy Debelle, at Senate Estimates last night, reaffirmed that the RBA will look at QE after a further quarter percent rate cut. So, how low will the central banks go and how big will government spending be?
In this week’s podcast P&L’s managing editor Colin Lambert is joined by Guy Debelle, chair of the Global Foreign Exchange Committee, to discuss the recently released survey of attitudes towards the FX Global Code. From the latest on the debate around last look, pre-hedging and mark ups, to the effectiveness of the Code, the survey’s results are dissected to lead into a discussion around the impending three-year review of the Code. There is time for a quick look at the paper on anonymous trading in FX markets released by the GFXC – and the challenges involved in monitoring conduct in that environment - before Debelle explains to Lambert why he is optimistic that the committee’s huge effort to build buy-side adoption of the Code may be about to pay off.
Thursday 11th April 2019 Right now Theresa May is meeting with the EU on emergency plans for Brexit. Phil Dobbie discusses how the day will unfold with NAB’s Ray Attrill. They also analyse the messages from three central banks – the take out from the Fed minutes, Mario Draghi’s comments after the ECB meeting and what was it that the RBA’s Guy Debelle said yesterday to spur the Aussie dollar on so much?
The Centre for Policy Development, supported by MinterEllison, hosted an event featuring the Reserve Governor of the Reserve Bank of Australia, Dr Guy Debelle (pictured), who discussed climate change and its impact on the Australian economy.His warnings about the challenges ahead for the country's economy, and of course businesses working within Australia, were stark and in discussing the difficulties ahead, he encouraged business leaders to take what was now a trend and not a cyclical event, seriously.Dr Debelle's warning constitutes advice from the "big end" of town, encouraging all business people to make climate change, and its impacts, a part of their business plan.
Before we announced the finalists for this year’s Walkley Award for Business Journalism, we featured an interview between Dr Guy Debelle (Reserve Bank of Australia) and Ross Greenwood (Nine Network). You’ll hear a brief introduction from Walkley Foundation chief executive Louisa Graham before the interview. Guy Debelle has been deputy governor of the RBA since September 2016. He is deputy chair of the Reserve Bank Board and chair of the Reserve Bank's Risk Management Committee. Ross Greenwood is the Nine Network’s business and finance editor, and each evening hosts the radio program, Money News, broadcast on Macquarie Media around Australia. This talk was recorded Bentley in Sydney on October 22, 2018. Thanks to ING, who support the Business Journalism category of the Walkley Awards. See all the finalists and judges of this year’s Walkley Awards online here. (http://www.walkleys.com/finalists-announced-for-the-2018-walkley-awards-for-excellence-in-journalism/) The winners will be announced on November 22, 2018. This podcast is produced by Kevin Suarez with help from the 2SER studios in Sydney, Australia.
Guy Debelle, assistant governor at the Reserve Bank of Australia, discusses with Cardiff Garcia and Matt Klein how decisions by the Federal Reserve have an effect on Australian monetary policy (and how they don't), Australia's experience with capital account liberalisation, fluctuations in the Chinese economy, and the foreign exchange code of conduct from the Bank of International Settlements. See acast.com/privacy for privacy and opt-out information.
Dr Guy Debelle, Assistant Governor (Financial Markets) of the Reserve Bank of Australia discusses the importance of credit and trust within the financial system
Dr Guy Debelle, Assistant Governor (Financial Markets) of the Reserve Bank of Australia discusses the importance of credit and trust within the financial system.