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Singapore's economy put in a terrible performance last quarter
Singapore’s economy contracted sharply in the September quarter, according to the advance GDP estimate released by the Singaporean Ministry of Trade and Industry (MTI) earlier today.GDP contracted 4.1%...
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China's massive, indebted economy is amplifying financial risks
When it comes to rapid economic growth, few nations do it better than China — they’re the undisputed experts.However, in order to achieve this feat, it’s taken a bit of debt. Well, more than a bit of...
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The yuan is at a 6-year low against the US dollar
The People’s Bank of China (PBOC) has just set its USD/CNY fixing rate at a 6-year low. Again.The PBOC set the yuan’s mid-point at 6.7379, weaker than previous fix of 6.7157 and the last traded price...
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Tennis star Nick Kyrgios has landed an 8-week ban following his Shanghai...
Nick Kyrgios has been barred from playing on the pro tennis tour for eight weeks after blatantly throwing a game last week at the Shanghai Masters.Kyrgios engaged in some inexplicable behaviour on the...
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China's debt is surging
If the latest monetary growth figures are anything to go by, Chinese policymakers continued to favour supporting near-term economic growth in September, pushing aside mounting concerns about the...
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Your 10-second guide to today's China GDP report
In just a few hours time, markets will receive a swathe of important economic numbers from the world’s second largest economy — China — including the granddaddy of them all, September quarter GDP.As...
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Global air travel could double to 7.2 billion passengers in 20 years
If you think that the skies are already full of planes, you haven’t seen nothing yet.According to a new report from the International Air Transport Association (IATA), passenger numbers are likely to...
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It looks like China's great slowdown is over for now
China’s economy produced the goods again last quarter, growing at the same pace seen in the first half of the year.According to China’s National Bureau of Statistics (NBS), the economy grew by 6.7%...
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NOMURA ON CHINA GDP: Whatever
China’s economy did something that it’s never done before in the three months to September – at least in modern times – recording a year-on-year growth rate of 6.7% for the third quarter in a row.While...
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Why bond investors are so scared of rising interest rates
It wasn’t supposed to be a conversation about why bond fund managers are so scared of rising rates at the moment. But when I caught up with New York based Tom Goggins, senior portfolio manager of...
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China continues to produce more steel than the rest of the world, combined
China yet again produced more crude steel than the rest of the world combined in September, according to new data from the World Steel Association released on Thursday.Chinese output has now outpaced...
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Here's what China has to do to avoid a financial crisis
In a week when China announced that its economy grew 6.7% year-on-year for the third quarter in succession, it’s not the steady, near-unbelievable stability in the figure that has the markets...
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China's red-hot housing market is still accelerating
China’s property market remains red-hot, perhaps amplified by attempts from policymakers to cool it.According to data released by China’s National Bureau of Statistics (NBS) on Friday, new home prices...
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CHART: The Chinese yuan has weakened against far more than the US dollar this...
The Chinese yuan, after roiling markets earlier this year, is now back on the radar of currency traders around the world.On Monday, the People’s Bank of China (PBOC) set the USD/CNY midpoint at 6.7690,...
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Chinese commodity futures are going nuts with iron ore 'limit up' for the...
Chinese commodity futures, led by iron ore, are flying yet again on Tuesday.Yes, it’s the rally that keeps on keeping on, defying every bearish forecast that seems to come its way.At the lunchtime...
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CHART: Here's how major asset classes have performed in 2016
2016, almost out of nowhere, is nearly over.It’s been another tumultuous period for financial markets, tanking at the start of the year before recovering sharply in the June quarter. Since then there’s...
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An analyst thinks China's enormous debt isn't worth worrying about — yet
Last week China released its September GDP report, with the year-on-year growth figure coming in bang in line with expectations at 6.7%.It was both unremarkable and remarkable, all at the same time....
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The US dollar is about to face its next big test
The US dollar index, or DXY as it is often referred to, just can’t seem to break out of the trading range it has been stuck in over the past two years.As shown in this chart from ANZ, it’s been stuck...
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China's industrial sector continues to turn a profit
Profits at Chinese industrial firms increased by 7.7% year-on-year to 557.1 billion yuan ($US85.15 billion) in September, according to data released by China’s National Bureau of Statistics (NBS) on...
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The fascinating theory that 'The Economist' magazine covers are like cabbies...
The Economist magazine is known for many things, including thought-provoking covers on what’s happening in the global economy, markets and politics.Aside from creating debate, those covers, according...
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