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Moody's may cut China's credit rating
Ratings agency Moody’s today placed China’s sovereign rating on watch negative, suggesting a one-in-three chance that the group may downgrade the nation’s Aa3 rating in the months ahead. Moody’s...
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CHARTS: It could be years until some major central banks hike rates
In a world where negative interest rates are quickly becoming the norm rather than the exception, it should come as no surprise that expectations for rate hikes in developed economies are fading...
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China's economy is 'still weak and unstable'
Activity levels in China’s services sector, tasked with powering China’s economic transition in the years ahead, decelerated sharply in February, yet again amplifying concerns over the strength of the...
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If you think China's stock bubble was nuts, look at what's now happening in...
FOMO, or the fear of missing out, has become an increasingly popular acronym of late, joining the ranks of QE, POMO, ZIRP, and NIRP in the everyday vernacular of people in financial markets.In the...
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Now Moody's is looking at downgrades for China's biggest companies
Hot on the heels of placing China’s sovereign rating on watch negative earlier this week, Moody’s has announced additional ratings actions today, placing 38 Chinese state-owned enterprises (SOEs) on...
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There's just been a 'broad-based slowdown of global economic growth'
Growth across the global services sector slowed to a crawl last month, casting renewed doubt on the prospects for a global economic recovery in 2016.The Markit-JP Morgan global services business...
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Australia's financial regulator is going after ANZ for market manipulation
Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), has taken the ANZ bank to court for alleged market manipulation of the bank bill swap reference (BBSW)...
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This nifty table shows China's macroeconomic targets for 2016 compared to...
Over the weekend, China’s National People’s Congress was held in Beijing with the government lowering its 2016 GDP growth forecast to a range of 6.5% to 7.0%, slightly softer than the 7% “hard” level...
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NASA just released this incredibly detailed photo of Pluto's mountains coated...
Pluto is our solar system’s other “red planet.”Astronomers believe large swathes of the planet may be covered in “tholins”, molecules that form when methane is exposed to sunlight.Earth hasn’t seen...
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CHART: Iron ore's crazy rally continues with its biggest-ever one-day gain
The iron ore market made history on Monday, recording its largest one-day increase on record.According to Metal Bulletin, the spot price for benchmark 62% fines rose by $9.99, or 18.6% to $63.74 a...
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Japan's economy shrunk at a slower pace than first thought
Japan’s economy contracted at a slower-than-expected pace in the final quarter of 2015, declining 0.3% in real terms to leave the annualised rate at -1.1%.The annual figure, an improvement on the 1.4%...
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China just posted more shocking trade data
Chinese trade data produced another horror show in February with steep declines registered in both imports and exports for the month.From a year earlier exports fell by 25.4%, more than doubling...
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CHARTS: China's demand for commodities remains amazingly strong
China’s voracious appetite for raw materials is showing no signs of abating.In the 12 months to February, China imported 340.43 million tonnes of crude oil, the largest annual total on record.During...
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MOODY'S: China wants growth, reform, and stability — but it's unlikely...
For Chinese policymakers, 2016 will be about maintaining a reasonably high rate of GDP growth, reforming and rebalancing the economy and ensuring financial and economic stability.However, against a...
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Here's what's going on with iron ore and why the price is expected to crash,...
Iron ore’s face-ripping rally might be partly explained by plans for a flower show.Yesterday’s gain of $9.99, or 18.6%, to $63.74 per tonne, was the biggest one-day gain the commodity has recorded in...
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DEUTSCHE BANK: Crude looks set to top $50 next year
After hitting a fresh 13-year low of $27.10 per barrel on January 20, front-month Brent crude futures – the global benchmark – have been on an amazing run higher of late.Even with the decline witnessed...
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Fake trade invoicing in China is back, this time to get money out of the country
Capital has been flowing out of China at unprecedented rate over the past six months. Amidst concerns about the economy and the potential for further weakness in the Chinese renminbi, many investors...
View ArticleThe 'fifth' Beatle, George Martin, has died at 90
Producer Sir George Martin, nicknamed the “fifth Beatle”, has died. He was 90.London-born Martin was the man who signed the Beatles after others had knocked them back, and then helped the band develop...
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Chinese inflation is heating up
Chinese inflationary pressures accelerated sharply in February on the back of huge spike in food prices.According to the National Bureau of Statistics, consumer prices rose by 2.3% from 12 months...
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China is becoming a nation of iron ore traders
With the stock market in a funk and property prices rising so fast that some investors are losing sleep, it appears that an increasing number of Chinese are turning to iron ore futures trading to make...
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