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The Latest Breaking News from Jim Chalmers

Australian Treasurer Visits China To Strengthen Economic Relations

Australian Treasurer Jim Chalmers set to visit China for economic dialogue, signaling improved bilateral relations and trade opportunities.

Top News

Australia's treasurer will visit China this week in the latest sign that bilateral ties are mending

Australian Treasurer Jim Chalmers will become the first government minister from Australia in that key economic role to visit China in seven years

The Independent UK

Afternoon Update: inflation hits three-year low; BoM tsunami warning test prompts panic; and the legacy of Daria

Inflation dived last month to its lowest rate in three years, but the Reserve Bank will wait for a more sustained drop before it starts cutting interest rates.

The Guardian - AU

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People who don’t want Labor to control RBA have ‘neoliberal brain worms’: Greens senator

Greens Treasury spokesman Nick McKim doubles down on his proposal that Labor override the RBA on interest rates.

Crikey

Rates on hold as Labor considers changes to negative gearing

The RBA shocked nobody by holding interest rates at 4.35% yesterday, but the Albanese government may have surprised some by seeking advice on scaling back negative gearing.

Crikey

View from The Hill: The Greens’ demands on the RBA make for bad economic policy. Is it also crazy politics?

When the Greens tell Labor they’re ready to negotiate, what they usually mean is they’re preparing to make populist demands that can’t or shouldn’t be met.

The Conversation

Greens may bristle at comparison but their RBA interest rate cut ultimatum is Trumpist

No government institution is entirely at arm’s length, but an intervention by Jim Chalmers would likely be calamitous

The Guardian - AU

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AFL stars walk Brownlow medal red carpet – as it happened

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The Guardian - AU

Labor’s primary vote falls in hung Parliament power race

New polling shows Labor’s primary vote is continuing to fall, and Peter Dutton is standing by his nuclear pitch (but continues to withhold the project’s costing).

Crikey

War of words over inflation as national debt dives

Australia lags behind western nations in tackling inflation, the shadow treasurer says, as the Reserve Bank mulls whether to lower interest rates.

AAP

On interest rates, once again Labor is in a half-negotiation, half-cage fight with the Greens

Australia’s curious mix of moderating inflation, weak growth but strong employment means we should prepare for more differences of opinion

The Guardian - AU

Treasurer confident of firming up ties on China trip

Jim Chalmers will meet with economic counterparts in Beijing in the first visit by a federal treasurer to China in seven years.

AAP

Nuclear power plan 'economic insanity', treasurer says

Jim Chalmers has lashed out at opposition plans to build nuclear reactors, ahead of a major speech by Peter Dutton outlining the proposal.

AAP

'Welcome progress' on inflation to come: Treasurer

Jim Chalmers says while inflation levels are set to drop when figures are released on Wednesday, it remains unclear if it will get back to RBA targets.

AAP

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The Conversation

Grattan on Friday: US rate cut puts pressure on RBA - and things could get heated

Reserve Bank Governor Michele Bullock might need her flak jacket when she fronts the media next Tuesday after the bank’s two-day board meeting.

Crikey

Albanese to Biden’s Wilmington for Quad

The prime minister will join Quad leaders in Joe Biden’s home town of Wilmington later this month, and the government strikes a deal with the Coalition on aged care.

Crikey

Time for the Financial Review to be honest: It wants a punitive recession

The AFR should stop misleading its readers and be upfront about what it wants: a recession to inflict misery on workers.

The Conversation

Understanding risks for Australia of China’s slowing economy is Chalmers’ top priority at upcoming Beijing talks

When Treasurer Jim Chalmers travels to Beijing later this month, he and his counterpart at China’s peak economic agency, the National Development and Reform Commission, won’t be short on important topics to discuss.

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The Guardian - AU

Why is Labor trying to reform the RBA and why is Peter Dutton opposing the changes?

The Coalition has indicated it won’t support the reforms, which it says could let Labor allies take control of interest rates

AAP

New fear unlocked: unemployment worries grip consumers

Consumers are becoming more concerned about the sluggish economy and what this could mean for jobs, with cost-of-living becoming a lower order worry.

The Guardian - AU

Labor opens door to negotiating with Greens on RBA reforms after Coalition blocks proposal

Peter Dutton’s opposition also puts up new roadblocks to potential deal on government’s aged care reforms

The Conversation

Coalition torpedoes bipartisan deal on Reserve Bank monetary policy board

The federal opposition has torpedoed Treasurer Jim Chalmers’ attempt to get a bipartisan deal to install a specialist monetary policy board in the Reserve Bank, claiming the reform would enable the treasurer to “stack” the new board.

AAP

Rates veto power must stay: Greens issue RBA demands

The Greens want the treasurer to intervene and force the RBA to lower interest rates as it lays out its demands for support on troubled central bank reforms.

AAP

Treasurer digs critical minerals, ships plan to Senate

A plan to revitalise Australian manufacturing by making more things here with clean energy and resources has cleared a hurdle but the path ahead looks rocky.

Crikey

Half of new 2024 jobs were public sector: ABS

Federal Parliament resumes today with the government under pressure on the state of the economy, and Julia Gillard celebrates the 30th anniversary of Labor’s gender quotas.

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