Flemington bakery brings vegan croissants and mi goreng brulee to the inner east
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Bakery$$$$
This Flemington croissanterie created by Audi Krisnandika and Rizka Puspita has had a warm welcome to the inner east. Croissants come in myriad forms, from classic almond and pain au chocolat to vegan alternatives and 'Asian-fusion' specials such as mi goreng brulee.
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The Advertiser
a day ago
- The Advertiser
Asian shares rise as US-China trade talks progress
Stocks are subdued and the dollar steady amid a lack of detail from US-China trade talks that promised high-level agreement but appeared to do little to resolve longstanding tensions between the world's biggest economies. Bond investors were also hunkered down for a reading on US inflation due at 8.30am US Eastern time on Wednesday that could show the early impact of tariffs on prices, and a Treasury auction that will test demand for the country's debt. In London, negotiators from Washington and Beijing said they had "agreed a framework on trade" that would be taken back to their leaders. US Commerce Secretary Howard Lutnick said the implementation plan should result in restrictions on rare earths and magnets being resolved, but offered no specifics. "Even though details are scant, as long as the two sides are talking, I think markets will be happy," said Carol Kong, a currency strategist at Australia's Commonwealth Bank. "It will still be very hard and it will take a long time for both sides to reach a comprehensive trade agreement," she said. The law was another hurdle as a federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them. Billionaire Elon Musk also said he regretted some of the posts he made last week about Trump, opening the way to a healing of an abrupt rift that has roiled Washington and hurt shares in Musk's Tesla. Investors in US stocks, who have been badly burned by trade turmoil before, remained cautious, with S&P 500 futures and Nasdaq futures both down 0.2 per cent. Asian shares were slightly more positive, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.6 per cent, while the STOXX benchmark for major European shares edged down 0.1 per cent. The reaction in currency markets was equally muted, with the dollar strengthening slightly against the Japanese yen to trade at 145.15. The euro edged down 0.1 per cent to $US1.1433, nudging the dollar index up to 99.041. Bond investors also waited for an auction of $US39 billion in 10-year notes later in the day, anxious to see if foreign buyers turn up. Ten-year Treasury yields were little changed at 4.4977 per cent. Concerns about huge US budget deficits and debt have combined with unease over the White House's shifting policies to make investors demand a higher term premium for holding Treasuries. Data on US consumer prices for May might also show some initial upward pressure from tariffs, though analysts assume it will take a few months to fully show in the series. Median forecasts are for the headline consumer price index to rise 0.2 per cent and the core 0.3 per cent, which would nudge the annual rates up to 2.5 per cent and 2.9 per cent, respectively. Anything higher would be a setback to hopes for more rate cuts from the Federal Reserve and could see bonds sell off. Markets imply little chance the Fed will ease at its meeting next week or in July, but have priced around a 60 per cent chance of a move in September. In commodity markets, gold gained 0.24 per cent to $US3,329 an ounce. Oil prices rose to a seven-week high as markets assessed the outcome of the US-China trade talks. Brent crude futures rose 82 cents to $US67.69 a barrel, while US crude was up 96 cents to $US65.94. Stocks are subdued and the dollar steady amid a lack of detail from US-China trade talks that promised high-level agreement but appeared to do little to resolve longstanding tensions between the world's biggest economies. Bond investors were also hunkered down for a reading on US inflation due at 8.30am US Eastern time on Wednesday that could show the early impact of tariffs on prices, and a Treasury auction that will test demand for the country's debt. In London, negotiators from Washington and Beijing said they had "agreed a framework on trade" that would be taken back to their leaders. US Commerce Secretary Howard Lutnick said the implementation plan should result in restrictions on rare earths and magnets being resolved, but offered no specifics. "Even though details are scant, as long as the two sides are talking, I think markets will be happy," said Carol Kong, a currency strategist at Australia's Commonwealth Bank. "It will still be very hard and it will take a long time for both sides to reach a comprehensive trade agreement," she said. The law was another hurdle as a federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them. Billionaire Elon Musk also said he regretted some of the posts he made last week about Trump, opening the way to a healing of an abrupt rift that has roiled Washington and hurt shares in Musk's Tesla. Investors in US stocks, who have been badly burned by trade turmoil before, remained cautious, with S&P 500 futures and Nasdaq futures both down 0.2 per cent. Asian shares were slightly more positive, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.6 per cent, while the STOXX benchmark for major European shares edged down 0.1 per cent. The reaction in currency markets was equally muted, with the dollar strengthening slightly against the Japanese yen to trade at 145.15. The euro edged down 0.1 per cent to $US1.1433, nudging the dollar index up to 99.041. Bond investors also waited for an auction of $US39 billion in 10-year notes later in the day, anxious to see if foreign buyers turn up. Ten-year Treasury yields were little changed at 4.4977 per cent. Concerns about huge US budget deficits and debt have combined with unease over the White House's shifting policies to make investors demand a higher term premium for holding Treasuries. Data on US consumer prices for May might also show some initial upward pressure from tariffs, though analysts assume it will take a few months to fully show in the series. Median forecasts are for the headline consumer price index to rise 0.2 per cent and the core 0.3 per cent, which would nudge the annual rates up to 2.5 per cent and 2.9 per cent, respectively. Anything higher would be a setback to hopes for more rate cuts from the Federal Reserve and could see bonds sell off. Markets imply little chance the Fed will ease at its meeting next week or in July, but have priced around a 60 per cent chance of a move in September. In commodity markets, gold gained 0.24 per cent to $US3,329 an ounce. Oil prices rose to a seven-week high as markets assessed the outcome of the US-China trade talks. Brent crude futures rose 82 cents to $US67.69 a barrel, while US crude was up 96 cents to $US65.94. Stocks are subdued and the dollar steady amid a lack of detail from US-China trade talks that promised high-level agreement but appeared to do little to resolve longstanding tensions between the world's biggest economies. Bond investors were also hunkered down for a reading on US inflation due at 8.30am US Eastern time on Wednesday that could show the early impact of tariffs on prices, and a Treasury auction that will test demand for the country's debt. In London, negotiators from Washington and Beijing said they had "agreed a framework on trade" that would be taken back to their leaders. US Commerce Secretary Howard Lutnick said the implementation plan should result in restrictions on rare earths and magnets being resolved, but offered no specifics. "Even though details are scant, as long as the two sides are talking, I think markets will be happy," said Carol Kong, a currency strategist at Australia's Commonwealth Bank. "It will still be very hard and it will take a long time for both sides to reach a comprehensive trade agreement," she said. The law was another hurdle as a federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them. Billionaire Elon Musk also said he regretted some of the posts he made last week about Trump, opening the way to a healing of an abrupt rift that has roiled Washington and hurt shares in Musk's Tesla. Investors in US stocks, who have been badly burned by trade turmoil before, remained cautious, with S&P 500 futures and Nasdaq futures both down 0.2 per cent. Asian shares were slightly more positive, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.6 per cent, while the STOXX benchmark for major European shares edged down 0.1 per cent. The reaction in currency markets was equally muted, with the dollar strengthening slightly against the Japanese yen to trade at 145.15. The euro edged down 0.1 per cent to $US1.1433, nudging the dollar index up to 99.041. Bond investors also waited for an auction of $US39 billion in 10-year notes later in the day, anxious to see if foreign buyers turn up. Ten-year Treasury yields were little changed at 4.4977 per cent. Concerns about huge US budget deficits and debt have combined with unease over the White House's shifting policies to make investors demand a higher term premium for holding Treasuries. Data on US consumer prices for May might also show some initial upward pressure from tariffs, though analysts assume it will take a few months to fully show in the series. Median forecasts are for the headline consumer price index to rise 0.2 per cent and the core 0.3 per cent, which would nudge the annual rates up to 2.5 per cent and 2.9 per cent, respectively. Anything higher would be a setback to hopes for more rate cuts from the Federal Reserve and could see bonds sell off. Markets imply little chance the Fed will ease at its meeting next week or in July, but have priced around a 60 per cent chance of a move in September. In commodity markets, gold gained 0.24 per cent to $US3,329 an ounce. Oil prices rose to a seven-week high as markets assessed the outcome of the US-China trade talks. Brent crude futures rose 82 cents to $US67.69 a barrel, while US crude was up 96 cents to $US65.94. Stocks are subdued and the dollar steady amid a lack of detail from US-China trade talks that promised high-level agreement but appeared to do little to resolve longstanding tensions between the world's biggest economies. Bond investors were also hunkered down for a reading on US inflation due at 8.30am US Eastern time on Wednesday that could show the early impact of tariffs on prices, and a Treasury auction that will test demand for the country's debt. In London, negotiators from Washington and Beijing said they had "agreed a framework on trade" that would be taken back to their leaders. US Commerce Secretary Howard Lutnick said the implementation plan should result in restrictions on rare earths and magnets being resolved, but offered no specifics. "Even though details are scant, as long as the two sides are talking, I think markets will be happy," said Carol Kong, a currency strategist at Australia's Commonwealth Bank. "It will still be very hard and it will take a long time for both sides to reach a comprehensive trade agreement," she said. The law was another hurdle as a federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them. Billionaire Elon Musk also said he regretted some of the posts he made last week about Trump, opening the way to a healing of an abrupt rift that has roiled Washington and hurt shares in Musk's Tesla. Investors in US stocks, who have been badly burned by trade turmoil before, remained cautious, with S&P 500 futures and Nasdaq futures both down 0.2 per cent. Asian shares were slightly more positive, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.6 per cent, while the STOXX benchmark for major European shares edged down 0.1 per cent. The reaction in currency markets was equally muted, with the dollar strengthening slightly against the Japanese yen to trade at 145.15. The euro edged down 0.1 per cent to $US1.1433, nudging the dollar index up to 99.041. Bond investors also waited for an auction of $US39 billion in 10-year notes later in the day, anxious to see if foreign buyers turn up. Ten-year Treasury yields were little changed at 4.4977 per cent. Concerns about huge US budget deficits and debt have combined with unease over the White House's shifting policies to make investors demand a higher term premium for holding Treasuries. Data on US consumer prices for May might also show some initial upward pressure from tariffs, though analysts assume it will take a few months to fully show in the series. Median forecasts are for the headline consumer price index to rise 0.2 per cent and the core 0.3 per cent, which would nudge the annual rates up to 2.5 per cent and 2.9 per cent, respectively. Anything higher would be a setback to hopes for more rate cuts from the Federal Reserve and could see bonds sell off. Markets imply little chance the Fed will ease at its meeting next week or in July, but have priced around a 60 per cent chance of a move in September. In commodity markets, gold gained 0.24 per cent to $US3,329 an ounce. Oil prices rose to a seven-week high as markets assessed the outcome of the US-China trade talks. Brent crude futures rose 82 cents to $US67.69 a barrel, while US crude was up 96 cents to $US65.94.
Perth Now
a day ago
- Perth Now
500 jobs axed in major Jetstar move
Qantas has announced it will close Jetstar Asia, its Singapore-based budget airline after two decades in the air, as it looks to focus on the domestic market. In an announcement to the ASX Qantas said the closure of Jetstar Asia will enable the airline to recycle up to $500m in capital and support its fleet renewal program. The airline said it would redirect 13 Jetstar Asia Airbus A320 aircraft to be progressively redeployed to Australia and New Zealand, adding 100 local jobs in the process. The decision will have zero impact to all of Jetstar and Jetstar Japan's flying into Asia. None of the highly popular routes they operate into Indonesia, Vietnam, Japan, Singapore are affected. The restructure could see up to 500 jobs axed from its Singapore operation. A statement to the ASX said employees of Jetstar Asia would be provided with redundancy benefits and employment support services, and Qantas was working to find job opportunities elsewhere in the group or with other airlines in the region. Qantas announces it is axing its Jetstar Asia flights. NewsWire / Luis Enrique Ascui Credit: News Corp Australia The airline said the closure would have a cost of approximately $175m due to one-off redundancy and restructuring costs with the first third coming this financial year, with the rest coming in 2026. Qantas Group CEO Vanessa Hudson said Jetstar Asia has been a pioneering force in the Asian aviation market for more than 20 years, making air travel accessible to millions of customers across Southeast Asia. 'We are incredibly proud of the Jetstar Asia team and the work they have done to deliver low fares, strong operational performance and exceptional customer service. This is a very tough day for them. Despite their best efforts, we have seen some of Jetstar Asia's supplier costs increase by up to 200 per cent, which has materially changed its cost base.' Qantas chief executive Vanessa Hudson thanked the Jetstar Asia crew. Qantas/NewsWire Credit: Supplied 'I want to sincerely thank and acknowledge our incredible Jetstar Asia team who should be very proud of the impact they have had on aviation in the region over the past two decades.' Qantas said the closure came after a deterioration in Jetstar Asia's earnings, with the airline facing strong competition from AirAsia and Singapore's own national carrier. Qantas said it expected the subsidiary to post an underlying earnings loss of $25 million in the six months to June 30.
The Age
a day ago
- The Age
Flemington bakery brings vegan croissants and mi goreng brulee to the inner east
Previous SlideNext Slide Bakery$$$$ This Flemington croissanterie created by Audi Krisnandika and Rizka Puspita has had a warm welcome to the inner east. Croissants come in myriad forms, from classic almond and pain au chocolat to vegan alternatives and 'Asian-fusion' specials such as mi goreng brulee.
