Clik here to view.
This photo of a swimming pool swept away from a multimillion-dollar home...
This image of the swimming pool ripped away from its owner's property is one of the defining images of the deadly weather system that has been hammering Australia's east coast.It shows the strength of...
View ArticleClik here to view.
28 incredible photos of monster waves off Sydney that put a pro surfer in the...
The Red Bull Cape Fear surfing competition, the most insane and possibly dangerous event on water, started off Sydney yesterday following a weekend of huge storms.The comp is on today off Cape...
View ArticleClik here to view.
Japanese GDP accelerated sharply to start 2016
The Japanese economy grew faster than first thought in the first three months of the year.According to data released by the Japanese government on Wednesday, real GDP grew by 0.5% in the March quarter,...
View ArticleClik here to view.
Parts of Australia are completely underwater after floods submerged swathes...
Up to 4000 homes and 800 businesses are still threatened, but the city of Launceston, Tasmania, looks to have got through the most dangerous phase of flooding this morning.At least one woman has died...
View ArticleClik here to view.
Deflationary pressures in China appear to be easing
Chinese consumer price inflation (CPI) has missed expectations, rising by 2.0% in the year to May.The figure was below expectations for an increase of 2.3%, a level that would have been unchanged from...
View ArticleClik here to view.
The Bank of Korea stunned the markets by cutting rates
South Korea’s central bank, the Bank of Korea (BoK), stunned financial markets on Thursday by cutting interest rates to a record-low level of 1.25%.It’s the first time the BoK has eased policy since...
View ArticleClik here to view.
MACQUARIE: China's debt is fine
If there’s one thing that markets like to get roiled up over, it’s the state of the Chinese economy, particularly when it comes to its mounting debt levels. Whether it be a noticeable deterioration in...
View ArticleClik here to view.
The World’s 50 Best Restaurants awards will be held in Australia next year
The World’s 50 Best Restaurants, the annual awards that have captured the dining public’s imagination and become a global phenomenon, will be held in Melbourne in 2017 in a major coup for Tourism...
View ArticleClik here to view.
Obama warned of a massive loophole in US gun laws for terrorists just 12 days...
The US was reeling Monday after the deadliest mass shooting in American history, in which at least 50 people were killed in an attack on a gay nightclub in Orlando, Florida.The gunman, 29-year-old Omar...
View ArticleClik here to view.
CREDIT SUISSE: The Brexit chaos is already here
Credit Suisse has an unusual “Breaking News: Brexit Watch” note out to clients.Analysts Sonali Punhani, who is VP for European Economics, and her colleague Peter Foley from the European Economics group...
View ArticleClik here to view.
The BOJ leaves policy unchanged and now the Japanese yen is screeching higher
The Bank of Japan has left monetary policy steady at the conclusion of its June monetary policy meeting, an outcome that was expected by a majority in financial markets.The board voted 8-1 in favour of...
View ArticleClik here to view.
Gold is surging
The spot gold price has ripped higher in Asian trade, rising to as high as US$1,311.10 an ounce, the highest level seen since August 2014.Growing fears over a UK “Brexit” from the European Union, and...
View ArticleClik here to view.
Japanese markets are unraveling as risk aversion takes hold
It’s not been a good day for Japanese markets. Not one bit.Stocks have been crushed. Japanese government bond yields have fallen to fresh all-time lows while the Japanese yen has screeched higher,...
View ArticleClik here to view.
A staggering number of Chinese commodity producers are still losing money
Chinese commodity producers, much like the nation’s industrial sector, have endured a tough period in recent years, undermined by tumbling commodity prices, slowing internal demand, fierce competition...
View ArticleClik here to view.
Twitter is blowing up over this one-word tweet from Hillary Clinton
US Republican candidate Donald Trump was in Dallas overnight, celebrating the first anniversary of his entry into the presidential race.Trump used the opportunity to reaffirm his recent show of support...
View ArticleClik here to view.
MACQUARIE: The next US rate hike is likely to be in September
The US Federal Reserve is still likely to hike interest rates at one of its next two meetings, although now it looks more likely to be in September rather than July. That’s the view of Macquarie Wealth...
View ArticleClik here to view.
How China's smallest cities play a crucial role for commodity prices
Chinese new home prices continued to push higher in May, and not just in the nation’s largest cities.According to data released by China’s National Bureau of Statistics (NBS), prices nationwide rose by...
View ArticleClik here to view.
4 ways this week's Brexit vote could hit markets
Nothing is more important for politics, markets, and economics in the UK, Europe and around the world this week than the British referendum on its EU membership.The Leave campaign appears to have taken...
View ArticleClik here to view.
CHART: The stunning rise of Eurosceptic political parties
Aside from the immediate impact on financial markets, and the potential for it to dampen global economic activity as a consequence, the great overarching concern stemming from this week’s Brexit vote...
View ArticleClik here to view.
Here's a poll that shows what Australians think of Brexit
A majority of Australians think the Britain should remain part of the European Union, according to a poll by the foreign policy think tank the Lowy Institute.The national phone poll of 1000 people...
View Article