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Bitcoin and other cryptocurrencies are plunging again
Global asset markets have steadied after a volatile week, ahead of all-important US jobs data on Friday.But there’s been another crypto selloff in the Asian session, with Bitcoin now trading at a new...
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Why headline US inflation could be about to plunge, in one chart
If the chart below from Westpac Bank is anything to go by, headline inflation in the US could be about to fall off a cliff.It shows US West Texas Intermediate (WTI) crude prices overlaid against US PCE...
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Global markets are reassessing the path of Federal Reserve interest rates in...
Global financial markets are changing their view on the path of likely interest rate increases from the US Federal Reserve — one of the most important.Pricing in the overnight index swap market implies...
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Japan's economy just went sharply into reverse, and it could be an ominous...
Finalized data showed Japan’s economy contracted by 2.5% in Q3 –- more than double the preliminary reading of 1.2%.The Japanese yen was little-changed, after strengthening late last week amid renewed...
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The yield curve is making markets nervous, and history shows it could bring...
Concerns about a looming US economic slowdown, or worse, have intensified in recent months, fueled in part by some worrying signals being generated by the bond market.In the past, whenever longer-dated...
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One year on from Bitcoin's record high, its price has fallen so far it's too...
Bitcoin prices hit record highs one year ago today.Since then prices have slumped by over 80%.Slumping prices means profits for mining bitcoin have collapsed. Bitcoin prices have been obliterated over...
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Corruption investigators have raided Australia's Labor Party offices in...
Corruption investigators raided Labor party offices in Sydney on Tuesday, reportedly seeking documents related to a lobbying group with deep connections to China.Around lunchtime, officials entered the...
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A regional manufacturing report in China has gone missing, raising concerns...
Much of China's economic data has been lacking, at least compared to its usual standards.A regional manufacturing activity gauge in China recently stopped being produced and was deemed "illegal" by the...
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China and Japan have surprised everybody with some sparky economic data to...
Key sectors in Japan and China had busier Decembers than forecast, leaving the Asian powerhouses on stronger footing ahead of an economically challenging 2019.Activity levels across China’s...
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A snake covered in more than 500 paralysis ticks was found in someone's pool...
A carpet python was found in the pool of a home in Coolangatta in Gold Coast, Australia, on Thursday.The snake was covered in more than 500 paralysis ticks.Tony Harrison from Gold Coast and Brisbane...
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Andy Murray says he may retire after the Australian Open
Andy Murray says he may retire after the Australian Open.He has been struggling with ongoing hip pain.“I spoke to my team and I told them that I can’t keep doing this,” he said.Murray is due to face...
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China's annual trade surplus with the US hits the highest level on record
The value of Chinese imports and exports fell by the most since 2016 in the 12 months to December.The declines reflect the reversal of a front-loading in orders before higher import tariffs were...
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Apple's share price plunge points to a looming trade recession in China
China’s trade report for December was underwhelming to say the least.Imports and exports recorded the largest year-ended contraction since the second half of 2019.If Apple’s share price is any guide,...
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BAML says history shows the best indicator for US recession risks is simple:...
The US Federal Reserve has been tightening monetary policy since late 2005. Based on latest FOMC forecasts, it expects to deliver two quarter-point increases this year, and another in 2020.This has...
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The remains of Captain Matthew Flinders, the first person to circumnavigate...
The remains of British Captain Matthew Flinders have been found under a train station in London.Flinders was the first person to circumnavigate Australia in the early 1800s."This is a very exciting...
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A 'virtual wall' using high-tech drones would solve Trump's biggest challenge
In this column by the managing director of Ninox Robotics, Marcus Ehrlich makes the case for securing the US-Mexico border with drones.As US Army General Patton famously said, "fixed fortifications are...
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17 Australians have reportedly been detained in China as part of the...
17 Australians have reportedly been detained in China.The Guardian reports the Australians have been detained as part of China’s crackdown on Uighur Muslims.The detained are thought to be under house...
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Australia is reopening its Christmas Island detention centre
Australian Prime Minister Scott Morrison has announced that the country's Christmas Island immigration centre will be reopening.The bill will allow for the medical transfer of asylum seekers to...
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Australia's major political parties have been hacked months out from a...
Australian Prime Minister Scott Morrison says that the Liberal Party, Labor and the Nationals’ IT networks were hacked by “a sophisticated state actor”.Just two weeks ago, the Australian Cyber Security...
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China's stunning shutdown of Australian coal shipments: What you need to know
The northern Chinese port of Dalian has reportedly banned imports of Australian coal indefinitely.This follows separate reports of delays in Chinese customs clearing Australian coal imports at other...
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