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GOLDMAN SACHS: Chinese economic growth is about to accelerate
The outlook for Chinese economic growth is not as bad as some commentators are suggesting, and while it is uncertain, it is certainly not collapsing.The view presented by Goldman Sachs' portfolio...
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China just announced more measures to boost flagging economic growth
China, fresh from cutting interest rates and the reserve ratio requirement for banks on Tuesday, has announced further measures to help buttress flagging growth prospects.Overnight China’s finance...
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HERE COMES THE CHINA MARKET OPEN...
One gain and three declines, with the weekly loss still in excess of 10% despite yesterday’s late surge higher.That’s the scoreboard for China’s stock market this week with the crazy intraday movements...
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Moody's is chopping global growth expectations because of China
In what is now a well-worn path, ratings agency Moody’s has become the latest organization to downgrade its expectations for global GDP next year, slicing their forecast for G20 economic growth for...
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Scientists have discovered the heartbreaking reason why Knut the polar bear died
It turns out Knut, the world’s most famous polar bear, also died one of the most unluckiest deaths.You might remember back in 2007, when “Knutmania” was at its height.The cute little cub was rescued...
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It looks like China is through propping up its stock market
China’s government, through financial intermediaries, was actively supporting the nation’s stock market through large-scale purchases late last week, but it’s unlikely to last.According to the...
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CHARTS: The extreme positioning that led to the mammoth squeeze in crude oil...
While it has fallen fractionally Monday morning, the crude-oil price enjoyed a spectacular rally late last week, jumping from below $38 to above $44 a barrel in the space of just two trading...
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China has just released more data that points to slowing economic growth
China's electricity consumption rose by about 3% in August compared to levels of a year earlier, according to state-run news agency Xinhua.Citing data from the National Development and Reform...
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China's manufacturing sector contracts in August
Chinese manufacturing PMI for August has just been released, and it’s a shocker.The government’s official gauge fell to 49.7 from 50.0 in July. The reading marked the fastest pace of contraction since...
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China stocks are getting hosed again
Chinese stocks have endured a wild session so far on Tuesday, tanking as much as 5% in early trade before recovering into the mid-session close.The benchmark Shanghai Composite index closed the morning...
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Global manufacturing activity is looking sick
Reflective of weakness in China and the US, growth in global manufacturing activity decelerated sharply in August with the J.P. Morgan-Markit global manufacturing PMI gauge falling to 50.7.While...
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Chinese stocks end the morning session higher
In what has been another wild day, Chinese stocks have closed the morning morning session slightly higher.At the break the benchmark Shanghai Composite index has risen to 3176.335, an increase of...
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We just got some nasty data out of Hong Kong that points to China's weakness
Chinese economic concerns have come to the fore yet again today with the latest Nikkei-Markit PMI gauge for Hong Kong slumping to a fresh multi year low.The gauge, a measure on private sector business...
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China's trade data is horrible again
Chinese trade figures for August have just been released, and they’re weak yet again, particularly for imports.Imports fell by 13.8% from a year earlier, well below the 8.1% contraction of July and...
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Australia's iconic Quiksilver files for bankruptcy
Quiksilver is preparing for bankruptcy, according to reports.The surf wear group, founded in Australia in 1973, and a competitor of Billabong, has been looking for buyers including a management buyout...
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Asian stocks are tumbling
Asian stocks, much like those in the US before them, have begun Thursday's trading session deep in the red.Having soared by 7.71% yesterday — the largest percentage increase since October 2008 and...
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Brazil cut to junk
Ratings agency Standard and Poor’s this morning cut Brazil’s sovereign credit rating one notch from BBB+ to BB-, leaving the nation’s debt categorised as non-investment grade, or “junk” status.The...
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Chinese inflation is both hot and cold in August
Chinese inflation data for August has come in mixed, with consumer price inflation jumping to a one-year high despite producer price inflation falling to a fresh six-year low.From a year earlier...
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This hideous wedding cake cost £48 million and is covered in diamonds
Yes, this is a £48 million ($79 million) wedding cake:A proud father in the UAE took delivery of the above cake encrusted with 4000 diamonds made for his daughter’s birthday and engagement party.Nearly...
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Researchers found a fascinating, complex trait in the way sperm whales...
Sperm whales live in clans and appear to communicate using different dialects, according to long term research in the Galapagos Islands.The researchers found young sperm whales learn a local “click”...
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