U.S. Environmental Protection Agency formally proposed on Tuesday to scrap the agency’s Obama-era carbon cutting plan


WASHINGTON/NEW YORK (Reuters) – The head of the U.S. Environmental Protection Agency formally proposed on Tuesday to scrap the agency’s Obama-era plan to reduce greenhouse gas emissions from power plants, as the Trump administration seeks to slash fossil fuel regulation. EPA Administrator Scott Pruitt issued a notice that the agency intended to repeal and replace…

Minutes of the Monetary Policy Meeting of the Reserve Bank Board – 6 Dec 2016


Sydney – 6 December 2016 Members Present Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), John Akehurst, Kathryn Fagg, John Fraser (Secretary to the Treasury), Ian Harper, Allan Moss AO, Heather Ridout AO, Catherine Tanna Others Present Christopher Kent (Assistant Governor, Economic), Chris Ryan (Acting Assistant Governor, Financial Markets), Luci Ellis (Head, Financial Stability Department), Alexandra Heath (Head, Economic Analysis Department) Anthony Dickman (Secretary), Andrea Brischetto (Deputy Secretary) Domestic Economic…

OVERNIGHT MARKET REPORT: 29 Nov. Markets take some profits off the table – as the Trump trade is now priced in.


   U.S. stock benchmarks fall from record highs on speculation Trump’s election and expectations his spending will stoke growth had gone too far.   Treasuries rose as gold pared its monthly drop.   Italian banks slumped with Prime Minister Matteo Renzi facing a key referendum that may see voters reject constitutional reform, prompting his resignation.  …