This map shows the grim outlook for steel demand around the world
After falling 3.0% last year, global steel demand is tipped to contract even further this year before stabilising in 2017.That’s the view of the World Steel Association in its latest semi-annual short...
View ArticleJapanese stocks are flying with the Nikkei up 3%
Japanese stocks, led by another strong gain on Wall Street and continued weakness in the Japanese yen, are now up by over 3% in late trade on Thursday, extending the recovery from the lows seen on...
View ArticleMaria Sharapova's tennis ban could be overturned
Maria Sharapova has a chance to see her suspension from tennis overturned with the World Anti-Doping Agency considering changing its position on meldonium, the banned sustance she admitted to taking...
View ArticleYour 10-second guide to China's GDP report
The nation at the forefront of financial market movements so far in 2016 — China — will be back in focus today with the release of Q1 2016 GDP along with industrial production, retail sales and urban...
View ArticleCHINA GDP IS DEAD IN LINE AT 6.7%
Chinese economic growth has met expectations, growing 6.7% year-on-year in Q1 according to China’s National Bureau of Statistics (NBS).The figure was down slightly on the 6.8% pace of Q4 2015 and was...
View ArticleChina is on a global investment binge
Chinese foreign investment has caught the eye of many global investors of late. The purchase of Swiss agribusiness Syngenta by ChemChina for US$44 billion – the largest ever foreign takeover by a...
View ArticleNO DEAL: Saudi Arabia demands Iran join the oil production freeze
The much-anticipated meeting to freeze global oil production in Doha over the weekend has ended without a deal after Saudi Arabia demanded that Iran join the freeze.Signs emerged late last week that...
View ArticleJohnny Depp forced to make video apology to Australia over dog smuggling breach
Australia’s Deputy Prime Minister Barnaby Joyce just posted a video of Johnny Depp and his wife Amber Heard apologising to Australia for illegally bringing their dogs into the country.Heard today...
View ArticleSingapore's export slump is a worrying sign for the global economy
As a global barometer for the health of the global economy, Singapore continues to paint a bleak picture at present.Not only did its economy fail to grow in the first three months of the year, demand...
View ArticleCommonwealth Bank: Crude oil will trade from $35 to $55 per barrel until 2020
Don’t look for a sharp recovery in the crude oil price any time soon, it’s likely to oscillate between $35 to $55 per barrel for the remainder of the decade.That’s that the view of Vivek Dhar, mining...
View ArticleThis video of rival construction crews getting into a fight using bulldozers...
In China, construction workers settle their differences with heavy machinery.In a video that has to be seen to be believed, at least six bulldozers get involved in a demolition derby sparked by a...
View ArticleChina's economy is heading towards the train wreck Japan experienced in the...
If there’s one thing global investors have come to expect over recent years, it’s China’s ability to generate unbelievable rates of economic growth.Like clockwork, economic growth in the March quarter...
View ArticleVenezuela is suffering from the ultimate case of 'Dutch disease'
The headline at ZeroHedge back in January said it all. “This is what the death of a nation looks like."It now seems inevitable that Venezuela, for decades touted as a “socialist paradise,” will...
View ArticleGeorge Soros: China's debt binge resembles the US before the recession
China, already heavily indebted, continues to accumulate debt at a rapid rate.In March alone, total social financing — the broadest measure of credit growth that captures new lending from both...
View ArticleChina has 4 years worth of unsold housing stock, yet they're still building more
China’s construction sector enjoyed a renaissance of sorts in the first quarter of the year, snapping the prevailing trend seen in the previous two years.According to analysis from ANZ’s China...
View ArticleREPORT: China has started a crackdown on its shadow banking sector
Anyone thinking about setting up an internet-based finance company in China has just suffered a setback. According to a report from Bloomberg, citing Chinese magazine Caixin, authorities have just...
View ArticleRecord output by China's steel sector has derailed the country's...
Despite a huge global glut that led to defaults, closures, and enormous operating losses for producers, Chinese steel prices have been on a tear in 2016.The rise has been buoyed by lower-than-normal...
View ArticleJapan's massive manufacturing sector just took a turn for the worse
Activity levels across Japan’s manufacturing sector contracted sharply in April, adding to the prospect that the Bank of Japan may add to its massive monetary stimulus program as early as next week.The...
View ArticleSee inside the spectacular beachfront mansion that Billabong's co-founder...
Former Billabong director Scott Perrin has listed his beachfront pad, Tidemark, on the Gold Coast for $23 million.The luxury property in Mermaid Beach was first put on the market a year ago, via...
View ArticleTony Abbott wrote personally to Shinzo Abe after Australia awarded its $50...
Former Australian Prime Minister Tony Abbott has written a personal letter to Japanese prime minister Shinzo Abe following Australia’s surprise decision to award its $50 billion submarine design...
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