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China has 'one last chance' to clean up its mammoth bad debts
At a time of slowing growth, acute overcapacity in some sectors and rampant credit growth, concerns over the creditworthiness of Chinese borrowers show no signs of abating at present.Hedge fund...
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Noma Australia is auctioning off its last dinner in Sydney for charity
René Redzepi at Noma Australia. Photo: Jason LoucasDanish chef Rene Redzepi has announced that tables for the final meal at his Sydney pop-up, Noma Australia, will be auctioned off as part of a...
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PIMCO: Blue-chip stocks may be next on the ECB's shopping list
Even with rate cuts, additional asset purchases and new targeted longer-term refinancing operations (TLTRO), the ECB monetary policy “Bazooka” wasn’t enough to lift risk assets overnight.While the...
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Chinese bank lending just slowed sharply
After soaring by the most on record in January, new bank lending in China slowed sharply last month, falling back to 726.6 billion yuan according to the People’s Bank of China (PBOC).The figure, below...
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China just delivered another dire batch of economic data
February was not a good month for Chinese economic data.Manufacturing and services PMIs missed to the downside, trade data underwhelmed while bank lending, after jumping spectacularly in January,...
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HSBC: The Bank of Japan will continue to stimulate
Just six weeks ago the Bank of Japan (BOJ) stunned financial markets, announcing that it would apply a negative interest rate to a proportion of funds deposited at the bank by financial...
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China is crushing hedge funds that bet against it
Ever since China shocked markets with a surprise devaluation of its currency in August 2015 speculation has built that the move was a precursor to a much larger state-sponsored weakening of the...
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Commodity currencies are ripping higher
Courtesy of Goldman Sachs’ technical analysis team comes this cracking chart that tracks the trend in major currencies against the US dollar in the past two weeks.Simply, the bottom axis tracks the...
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China may be about to tax currency trading
China's central bank, the People's Bank of China, could be about to implement rules designed to curb speculative trading in currency markets.According to a report from Bloomberg, which cited anonymous...
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Chinese new home sales have surged 50% in just 12 months
Even with distortions that result from the timing of the week-long Lunar New Year holiday, Chinese economic data for February has been terrible.Export growth tanked, retail sales slowed sharply,...
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The Bank of Japan offered no new stimulus in March
While the decision took a little longer than usual, there has been no surprise from the Bank of Japan this afternoon with the bank keeping interest rates and the size of its asset purchase program...
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This is what some of the biggest fund managers on the planet have been doing...
Between early February to early March investors upped their allocation to commodities at the fastest pace on record, switched into industrial, resource and emerging market stocks, bought high-yield...
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GOLDMAN: US rates hikes are on the agenda
With US economy growing above trend, unemployment at just 4.9% and inflationary pressures now moving higher, the US Federal Reserve is now close to meeting its dual mandate on employment and inflation,...
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The world is facing a pension disaster
If you’re already concerned about ballooning government debt levels, your anxiety levels may be about to go up a notch.A new report released by Citibank estimates that the total value of unfunded or...
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This video of molten copper being poured over a Big Mac is breaking the internet
YouTube user Tito4re likes to experiment with molten copper, and makes really cool videos of what happens when liquid metals are poured over everyday objects.In a recent video Tito4re puts a McDonald's...
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The US dollar is getting crushed in Asia
The US dollar can’t take a trick at present. Courtesy of a sharply stronger Chinese yuan, the greenback is yet again on the ropes in Asia.The People’s Bank of China “fixed” Friday’s USD/CNY rate at...
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CBA: Unless market volatility surges gold will remain 'well supported'
After a tough four years, gold is starting to regain its lustre.On the back of renewed US dollar weakness and heightened volatility in financial markets at the start of the year, the spot price has...
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China's stock market may be about to receive another debt-fueled boost
With China’s property market starting to heat up, the nation’s stock market has received little to no attention since the early parts of the year.However, that doesn’t mean that nothing has been...
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Malcolm Turnbull recalls Australian parliament, threatens double dissolution
Prime minister Malcolm Turnbull has recalled parliament for April 18 and prepared the way for an early election with a double dissolution.He will call a election for July 2, with all members of both...
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It's beginning to look a lot like 2014 for China's stock market frenzy
Zhou Xiaochuan, governor of the People’s Bank of China, has warned about China’s mounting debt levels over the weekend, telling the the China Development Forum in Beijing that corporate lending as a...
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