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'WORSE THAN 2007': Top banker warns of looming wave of worldwide bankruptcies
The world’s financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, according to a leading global banker.William White,...
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Bloodbath in Asia as Japan enters bear market
Only a day after leading risk assets higher, Chinese stocks fell heavily in Wednesday trade, dragging stocks, commodities and higher-yielding currencies lower across the region.The benchmark Shanghai...
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Science says this is how many friends you should have on social media
There’s always someone who has more Twitter followers or more friends on Facebook.This can be annoying and makes some people feel socially inadequate. But take heart, the latest research shows these...
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WESTPAC: Here's why China's currency might be about to rattle markets again
January 7 this year will long be remembered by those in financial markets.It was the day that China’s stock market crashed 7% in just 867 seconds of trade, ending the session prematurely as the...
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A surgeon in China is claiming to have carried out the world's first...
Warning: This post contains a graphic image of an injured monkey which may upset some readersA team at the Konkuk University School of Medicine in South Korea may have proved it is possible to...
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CBA: Chinese commodity demand will remain weak in 2016
After a tough two years for China’s property sector, things have been picking up of late.On the back of lower interest rates and a relaxation of property investment rules, prices have been rising, and...
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This influential group of investors are worried about China's economy
Fund managers have become increasingly pessimistic towards the global economic outlook, helping to partially explain the savage sell-off in risk assets seen in recent weeks.That’s the overwhelming view...
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Asian markets are enjoying a rare moment in the sun
Risk assets across Asia are enjoying a rare moment in the sun on Thursday, buoyed by a rebound in Chinese stocks, higher crude prices and a sizeable cash injection into China’s financial system from...
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The Nikkei just got destroyed again in a surprise late sell-off
After a wild Wednesday on European and US markets, the volatility has continued into the Asian session today.Markets across the region started in positive territory but it all started to reverse in...
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One commodity is defying the global rout, and it's all about the future of...
While the big miners and energy producers are seeing their revenues shrink as prices for iron ore and oil keep falling, there is one commodity defying the trend.Lithium.It’s all about disruption in the...
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Asian stocks rally — and the Nikkei went wild
The week’s over for Asian markets, and the bloodletting appears to have stopped for now.Stock markets rose in all the major centres after another highly volatile week that saw the Nikkei tip into an...
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DEUTSCHE BANK: Here's the dilemma facing Chinese policymakers in 2016
While Chinese economic growth is likely to stabilize in the near term, 2016 will likely be an even more challenging year for policymakers than that experienced in 2015.That’s the view of Deutsche...
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While all eyes are on China, the world's 3rd-biggest economy is also sliding...
Japanese trade data for December has missed badly to the downside, fueling concerns over the state of the global economy.Exports fell by 8.0% from a year earlier, an acceleration on the 3.3%...
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Betting on central bank support 'is a dangerous game for markets to be playing'
For the first time in 2016, risk assets are enjoying a prolonged period in the sun.Since late last week stocks, commodities and higher-yielding currencies have all moved higher, helping to recover some...
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GOLDMAN SACHS: The violent crash in oil prices is creating 'real fundamental...
Nymex crude crashed to a low of $26.19 last week on the expiry of the January futures contract.The price has since rallied more than 20% back above $32, but analysts at Goldman Sachs say the crash...
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Chinese consumers couldn't care less that stocks are tanking
Pushing aside recent turmoil in financial markets, Chinese consumer sentiment rose unexpectedly in January.According to the latest Westpac-MNI consumer sentiment index, confidence rose by 1% to 114.9,...
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Chinese industrial profits fell last year
Chinese industrial profits fell heavily in December, declining 4.7% from a year earlier according to data released by China’s National Bureau of Statistics.The drop, the seventh in a row, marked the...
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Chinese economic data has a growing credibility problem
Casting doubt over the accuracy of China’s GDP figures has become a favourite pastime for many in financial markets.Like clockwork, the government’s figures tend to match or slightly exceed...
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It's been another tumultuous session for China's stock market
Fresh from plunging 6.4% on Tuesday, it’s been another tumultuous session for Chinese stocks on Wednesday.After tumbling more than 4% midway through the session, taking its losses over the past two...
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I had my DNA tested by AncestryDNA — and it changed everything I thought I...
So, as it turns out, I'm not Australian.Well, that's not completely true. I was born here, but my genetics tell another story.While my grandparents, like many other Australians, were born overseas —...
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