China targets Aussie LNG cargoes as trade tensions escalate

Published

3 years ago

May 11, 2021

China tells gas importers to stop buying supplies from Australia’s LNG as relations between the nations continue to crumble

It’s believed Beijing gave the two companies verbal orders to cut ties with Australia’s LNG.

In a relief for Australian suppliers, all of the larger state-owned importers are pushing ahead with purchases and haven’t received instructions to stop.

Over the past several months, China has instated numerous tariffs on a range of imports from Australia. This was initially sparked by Canberra’s probe into the origins of Covid-19.

China imports 40 percent of its gas supplies from Australia – with Australia last year shipping 13 billion dollars worth of LNG to the country.

Rising tensions between China and the West

This blow to LNG comes as tensions continue to build between Australia and China.

Recently, NASA took aim at China over an “irresponsible” rocket launch which landed in the Indian Ocean.

NASA says China failed to “meet responsible standards” during their rocket launch, and “nations must minimise risks to people and property on Earth” when it comes to the re-entry of space objects.

Why the meme-stock frenzy is unlikely to repeat

Published

3 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 hours ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

1 day ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending