Malcolm Turnbull's lower energy prices goal includes keeping coal-fired power stations open

As it stated in Malcolm Turnbull has agreed with the energy market operator that existing coal-fired power stations should operate for as long as possible to keep power prices down during the transition to renewables. "My goal is more affordable energy."Prime Minister Malcolm Turnbull has agreed with the Australian energy market operator that coal-fired power stations need to remain open for as long as possible to reduce energy prices. (AAP)In a report released today, the Australian Energy Market Operator (AEMO) said the future of power generation will be renewables. "Maintaining existing coal-fired generation up to the end of its technical life is a key element of a low-cost approach," the report said. The operator said Australia's future power generation will be from renewables, with storage, pumped hydro, and flexible gas powered generation.

Asian shares close lower as energy stocks take a hit

South Korean auto stocks and retailers rose, but major technology names edged lower. Oil producers traded lower, with Woodside Petroleum declining 2.42 percent and Santos down 2.13 percent by the end of the day. But amid the broader index climbing, miners declined and oil-related stocks fell amid the losses in oil prices. Apart from currency woes and oil prices, trade tensions have cast a shadow on the Asian region, he added. Investors continued to keep a wary eye on recent trade disputes between the U.S. and several of its trading partners, most notably China.

Asian stocks mostly lower as weak energy shares weigh

As it stated in Don't cheat yourself with the 4% ruleWhat NOT to buy on Amazon Prime DayShe posted a photo on Facebook moments before taking her own life—it took her family days to remove itHere's when Americans will start feeling the pain from escalating Trump-imposed tariffsAsia MarketsAsian stocks mostly lower as weak energy shares weighStocks in Korea, Japan buck trend to riseAsian stocks were mostly lower on Tuesday as weak crude oil prices weighed on energy shares. September Brent crude UK:LCOU8-0.14% sank 4.6% to $71.84 a barrel on the ICE Futures Europe exchange, the lowest close for a most-active contract since April 17, according to FactSet. Appetite for stocks was also dampened by economic data out of China on Monday which showed signs of slowing economy. China's second-quarter gross domestic product grew 6.7% year-on-year in the second quarter, slowing from 6.8% in the previous quarter. The Shanghai Composite CN:SHCOMP-0.57% dropped 1% with China Petroleum & Chemical Corp. HK:0386-1.13% down 0.7% and PetroChina Co. CN:601857-2.54% sinking 2.5%.

collected by :Victor Alphen