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Royal Mail just invested millions of pounds in this Australian tech startup
The giant UK government-owned postal service Royal Mail has placed a multi-million dollar bet on a Melbourne startup providing back-end management systems for e-commerce platforms.Market Engine only...
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China released a raft of economic data over the weekend, and most of it was weak
Chinese industrial production, retail sales and urban fixed asset investment figures were released over the weekend with all bar retail sales disappointing to the downside.From a year earlier...
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Asian stocks got dumped
Asian stocks, with the exception of Australia's ASX 200 and large-cap firms in China, endured a tough start to the trading week on Monday.Losses ranged from 0.14% to more than 6%, with small-cap stocks...
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MORGAN STANLEY: We see the Fed's big decision on Thursday going 1 of 4 ways
The Fed's Federal Open Market Committee (FOMC) meets this Wednesday and Thursday to decide whether it'll end zero-interest rate policy, which it enacted in December 2008, and start lifting interest...
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Malcolm Turnbull will be Australia's 29th prime minister
Malcolm Turnbull will be Australia’s 29th prime minister after he defeated Tony Abbott in a leadership challenge in Canberra.Turnbull, who resigned as communications minister on Monday, beat Abbott by...
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A British farmer is auctioning off his £2 million collection of 230 vintage...
A 79-year-old farmer in the UK has had enough of collecting tractors and will auction them off at the end of this month. All 230 of them.Paul Rackman stands to collect up to £2 million if the...
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Scientists may have pinpointed the evolutionary reason whale sharks get so big
Scientists have uncovered one of the secrets of the whale shark, the world’s largest fish.The krill-feeding sharks are negatively buoyant, which means they sink to the bottom of the ocean to reach...
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Japan's trade data just showed why S&P cut its credit rating overnight
When credit rating agency Standard and Poor’s cut the Japanese sovereign credit rating from AA- to A+ (with a negative outlook) last night, they highlighted that the country’s economic prospects looked...
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It doesn't look good in China
The latest gauge on Chinese factory activity has just been released, and it’s missed expectations.The Caixin-Markit Flash manufacturing purchasing managers index (PMI), a gauge on activity levels among...
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BAML: 3 reasons why the US dollar should continue to rally
While it initially fell in the immediate aftermath of the FOMC September rate decision released late last week, an understandable response given the dovish monetary policy statement, forecasts along...
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REPORT: China's largest stock broker busted for front-running the...
China’s stock market regulator has found evidence that the nation’s largest brokerage firm, CITIC Securities, engaged in insider trading connected to the government’s rescue of the stock...
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Japanese car stocks are getting smashed
The Volkswagen scandal is hurting the global car industry.Auto-maker stocks on the Nikkei are getting crushed in trade, with Mazda down a whopping 7%. Mitsubishi Motors is down 4.5%. Honda and Suzuki...
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4 reasons why the stock market could be on the cusp of a big rally
Markets, traders and commentators have become used to central bank zero interest rate settings and quantitative easing dampening market volatility in the post-financial crisis world.But the recent...
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GOLDMAN: China's economic slowdown will be bumpy and last for years
The economic outlook for China points to a bumpy deceleration that will last for a prolonged period with a large debt overhang, over-capacity and a generally weak external environment, likely to weigh...
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Alibaba's value has halved (BABA)
It’s been just over a year since Alibaba debuted on the NYSE with a 38% gain, becoming the largest IPO Wall Street had ever seen.Wall Street was enamored with China’s Amazon.By November last year it...
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Netflix is teaching users how to build a switch that orders takeaway and dims...
There’s now such thing as a Netflix Switch.It’s kind of like the Batphone, except instead of calling the Caped Crusader, hit it and you get sushi delivery, your lights dimmed, phone switched off and...
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Japanese data whiffs
Japanese retail sales and industrial production figures for August released this morning have missed to the downside, an outcome that will almost certainly see expectations for further monetary policy...
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Chinese firms are bearing up on the economy
While some sentiment indices in China suggest economic conditions in the nation are continuing to improve, that view is certainly not uniform in nature.Based on the latest quarterly survey of banks,...
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China PMI beats in September
China’s manufacturing PMI report beat expectations in September, rising to 49.8 from 49.7 in August.A reading below 50 indicates that activity in the sector is contracting, so at 49.8 it suggests...
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Chinese SMEs are struggling
Activity across small and medium-sized Chinese manufacturing firms deteriorated at the fastest pace since March 2009 according to the latest Caixin manufacturing PMI report released by Markit.In...
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