Malcolm Turnbull to be sworn in as PM after ousting Tony Abbott as Liberal leader

Livewire
Malcolm Turnbull will be sworn in as Australia's 29th prime minister today after a political coup saw him reclaim the Liberal Party leadership from Tony Abbott. Mr Turnbull won a party room ballot 54 votes to 44 last night, less than six hours after announcing he would challenge Mr Abbott. The ballot also saw Julie Bishop elected as deputy leader over Kevin Andrews 70 votes to 30 — keeping the position she has held since 2007. Mr Turnbull, who will now become Australia's fourth prime minister in two years, said he would run a "thoroughly Liberal government", flagging a strong focus on the economy. "We need to have in this country, and we will have now, an economic vision, a leadership that explains the great challenges and opportunities that we face, that describes the way in which we can handle those challenges, seize those opportunities, and does so in a manner that the Australian people understand so that we are seeking to persuade rather than seeking to lecture," he said. Full article here (VIEW LINK)

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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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