ECONOMY

Sideline Casualties in the Currency War

Let's begin this week's reckoning with some lip service for the performance of the S&P 500. America's big blue chip index was up 10% in the first quarter. It made a new all-time high late last week when it closed at 1569. It took six long years from the 2007 high until now. But we made it!
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China Manufacturing Activity Improves in March

As it was widely expected, China's manufacturing activity improved in March adding to signs of the much-anticipated economic recovery in the Asian dragon. Even though China witnessed an expansion in its factory output, analysts expected a bigger increase.

Aussies Moving in Record Numbers to Perth

Western Australia's population is almost 2.5 million people as Aussies flock in significant numbers to this state. In the past 12 months to the end of September, almost 82,000 people were added to the headcount in WA, equivalent to a 3.4 per cent population growth rate.

South Korea Cuts its Growth Forecast as it Plans Stimulus

As it was widely anticipated, South Korea revised down its growth forecast for 2013 as the country's exports suffered from decreasing global demand and the weakening yen. Moreover, the government of South Korea plans further stimulus to revive the economy.

World Bank Willing to Work with its Challenger Development Bank from BRICS

The World Bank on Tuesday said that it was ready to support the new development bank being established by Brazil, Russia, India, China and South Africa (BRICS), in a statement just hours after the groups of emerging nations reached a deal to challenge nearly seven decades of World Bank dominance.

Take It Or Leave It, Victorian State Teachers Told on Final Pay Offer

The state government of Victoria has appealed to its Victorian teachers to accept its latest and final counteroffer of 2.5 per cent a year pay rise over three years plus extra for productivity gains if only to put an end to their long-running industrial dispute as well as to avert the planned mass work stoppage by the teachers on April 30.

Canberra CBD Up for Expansion, Australia Unveils

The state government of ACT on Tuesday unveiled plans to extend Canberra's central business district, which will include a set of new swimming facilities, residential apartments, commercial spaces, a convention centre and a sports stadium.

China Manufacturing Slowely Rebounds in March after Feb’s Plunge

Newest preliminary data showed that China's manufacturing rebounded moderately in March after the world's second economy saw its factory activity slump in February due to the timing of the Lunar New Year holiday. The findings were welcomed with a relief as an increase in a key gauge might mean that the China's economy is after all on the road of recovery. Certainly, all this will help new Premier Li Keqiang to make the China's economy stand on its feet.

Due for an Aussie dollar/Japanese Yen Pullback

It's going to be an incredibly interesting week in Australia. The same 'periphery to the core' dynamic could apply here, internally. That is, you could see even more money move into high-yielding bank stocks and out of the riskier corners of the market. This would confirm recent trends.

India Cuts Interest Rates as it Aims to Boost Growth

Not surprisingly, the Reserve Bank of India has decided to cut interest rates for the second time since the beginning of 2013. The cut in interest rates is aimed at boosting growth and reviving investment in the former "Jewel in the Crown." However, the Reserve Bank of India underlined that other easing monetary measures would be difficult to introduce.

Vacation to Bali at Your Own Risk, Australians Told

A study released by the Australasian Society for Infectious Diseases (ASID) on Wednesday has urged Australians, particularly those from West Australia, to take extra precautionary measures when travelling overseas, especially if it is to Bali, Indonesia.

China’s Inflation: On High Alert

When you get too much credit growth, you usually get goods and services inflation as a result. That's especially the case in developing economies that don't have sophisticated financial markets to soak up all the credit growth and translate it into 'beneficial' asset price inflation.

China Enjoys Strong Exports in February

Official data showed that China enjoyed strong exports in February, highlighting signs that the economy was deliberately rebounding. Yet, China's imports were weak, missing analysts' expectations.

End of Recession for Japan?

Is this the end of recession? At least, latest data indicated that. According to the revised survey, Japan saw its economy expand in the final quarter of 2012. Certainly, the news is a good sign for Prime Minister Shinzo Abe who is focused on getting Japan out of two long decades of deflationary stagnation.

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