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Japan shrank
Japanese economic growth contracted at a slower-than-expected pace during the June quarter with the government reporting a decline of 0.4%.The figure, which beat expectations for a contraction of 0.5%,...
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BARCLAYS: The yuan could fall by another 7% this year
The race to call the expected depreciation in the Chinese yuan is now on in earnest, after three straight days of writedowns against the dollar last week.China strengthened the yuan marginally against...
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Australia's 4 biggest banks are trying to block Apple Pay (AAPL)
Australia’s big four banks are fiercely protecting their share of the nation’s payments market as multinational tech company Apple tries to launch its Apple Pay service Down Under.There’s a report in...
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An astronaut on the ISS captured these stunning images of Aurora Australis
Over the weekend astronauts on board the International Space Station witnessed incredible scenes of the Aurora Australis, a natural light phenomena native to Australia.Astronaut Scott Kelly tweeted...
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This video of a crazed koala bear chasing a woman on a quad bike is going viral
South Australian Ebony Churchill was out riding a quad bike when a crazed koala bear started chasing her.Churchill took a video of the pursuing marsupial and posted it to her Facebook page along with...
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The 215% bull market in US stocks may have further to run yet
While not everyone will agree, we could be less than one month away from the US Federal Reserve hiking interest rates for the first time since June 2006.Some market participants are nervous – it has...
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Don't expect China to take its leash off the stock market anytime soon
Retail investors with little formal education are likely to have suffered the most from the recent plunge in China’s stock market, creating a political problem for policymakers that will likely ensure...
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A fake McDonald's sign promising a new restaurant in the middle of a desert...
It’s been a month since trekkers through Australia’s Simpson Desert were promised a McDonald’s was “opening soon”, but now the dream is over.Of course, the sign rising from a 15m high red dune was a...
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Chinese stocks have been hammered again
Fresh from a mammoth decline on Tuesday, Chinese stocks have continued their slide on Wednesday.At the mid-session break the benchmark Shanghai Composite index is off 3.12%, adding to the 6.1% fall...
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Chinese stocks plummeted, then staged a ridiculous rumour-driven rebound
Wild. Rumour-filled. Chaotic.They're just some of the words that come to mind looking at the Chinese stock-market action on Wednesday.In the end, markets finished a bit higher, but it didn’t look as if...
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Here's why this CEO of a San Francisco startup fired everyone, including himself
Sometimes the best way to fix an issue is to start afresh.That’s what the Australian founder and CEO of StartupHouse Elias Bizannes decided when he fired himself and all four full-time employees at the...
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Qantas is about to announce the biggest turnaround in Australian corporate...
Early in 2014, Qantas announced a severe cost-cutting program and a corporate restructure to return the airline to profitability.And then, this time last year, CEO Alan Joyce unveiled a record massive...
View ArticleA 4-year-old wandered onto the pitch in a rugby league match — so the...
In their day, blokes like Petero Civoniceva, David Peachey, Paul Sironen, Matt Geyer and Shaun Berrigan were some of the hardest men in rugby league.But something unexpected happened during a charity...
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China just took a major blow to the renminbi
If China was hoping that its decision to allow market forces to play a great role in determining the level of the renminbi would expedite the currency’s inclusion in the IMF’s special drawing rights...
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China's sovereign wealth fund is betting big on the stock market
The reason for the sharp turnaround in China’s stock market on Wednesday has been partially resolved and, unsurprisingly, it appears to be an all too familiar reason – state-backed buying across the...
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Citi hacked its outlook for China's economy
Citi has turned bearish on the prospects for Chinese economic growth in the years ahead, slashing their forecasts for GDP in 2016 and 2017 by a significant margin.The bank’s economics team now expects...
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Hong Kong is in a bear market
Hong Kong's stock market is in a bear market.The Hang Seng index fell 1.7% and closed at 22,757, down 20% from its April 27 high of 28,558.It has now moved from being in a technical correction to being...
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Chinese stocks tanked again, and now people are asking whether the market can...
After being down only 10 points from the overnight close at the lunch break, Shanghai stocks crumbled in late-afternoon trade to fall 128 points for an overall loss of 3.39%.Authorities in Shanghai and...
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Asia is deflating
Deflationary pressures across Asia are building, reaching a fresh six-year low in July.There is no better demonstration of this than examining recent movements in producer price inflation.In annualized...
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The super-rich will soon be able to swim in this transparent pool 114 feet...
A 25m glass pool suspended 10 storeys above a London street will be the first of its kind, developers say.It’s certainly breathtaking:The transparent “sky pool” is the brainchild of engineering firm...
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