Iron ore prices — key to Australia’s economic recovery — hit a six-month high last week. But the days of 10% growth in China are over, as the country ramps up its own mining operations. Are the salad days of iron ore prices over?
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Welcome to the Asian century: Chinese dragon roaring
Australia’s Asian Century is much closer than we know, with the Chinese economic slowdown bottoming out and now starting to rebound in encouraging strength.
READ MORENothing to worry about in the Oz economy? Think again
Claims that the Australian economy is hunky-dory — including by Crikey’s Glenn Dyer and Bernard — need some debunking with reality.
READ MOREChina has big spending plans as its economy gets rougher
Is China indulging in another round of talks about new spending that it will find almost impossible to back with what’s really needed — cold, hard cash?
READ MOREA precarious global outlook, says new S&P chief
The G7 economies are in deep trouble and China and Asia are caught in the wash. Expect more quantitative easing and euro bond purchases, writes Stephen Koukoulas of Business Spectator.
READ MOREKohler: suffering China’s structural slowdown
The rapid fall in the iron ore price in the past few weeks has exposed the core risk to the Australian economy: the currency needs to fall, but the banks still need foreign funding.
READ MOREFaith in central banks’ free money is desperate, misplaced
The faith in the new round of easing seems rather desperate and a bit misplaced.
READ MOREDutch robots to replace Chinese workers
Newly developed robots are much more nimble and suitable for manufacturing jobs than previous attempts. But what is the human cost to our increasing robot workforce? John Markoff investigates.
READ MOREChina’s bumpy ride sees Oz export prices sink
Stand by, the still-slowing Chinese economy’s search for a soft landing is starting to get bumpy.
READ MORE‘The euro is irreversible’: markets tank on promise not kept
There were no refills of the punchbowl from the US Federal Reserve, the Bank of England and then, last night our time, the European Central Bank.
READ MOREFed sits tight as US economy gets worse
No help for frightened markets from the US Federal Reserve this morning, despite a flood of news overnight and yesterday strongly suggesting the pace of global economic activity continues to slow, especially in Asia.
READ MORESoaring grain prices will hit home in China first
Keep an eye on China as we watch another week of grain price surges — the dramatic impact of the soaring prices for corn and soybeans in particular.
READ MOREChina economic growth good news for our federal budget
China’s economy isn’t veering off the tracks and heading for the “hard landing”.
READ MOREChina, Europe and US reinforce strength of Oz economy
If we ever needed confirmation of just how strong the outlook for the Australian economy is, we had it last night.
READ MORESlowing US economy not as bad as it is claimed
Markets worked themselves into a froth overnight after the June survey of US manufacturing showed a surprise fall for the first time in three years.
READ MOREMaley: holding back the hand that feeds China
Fears over the faltering Chinese economy will cast a shadow over global markets this week.
READ MOREJoye: Reserve Bank could drive cash rate below 1.9%
How low could the RBA’s cash rate go? Much lower than most folks, including the financial markets, think, according to Christopher Joye of Property Observer.
READ MOREBHP, Rio steeling themselves against China slowdown
The slowdown in the Chinese economy seems to be deepening with the surprisingly sharp slowdown in industrial production, retail sales and investment.
READ MOREWhat lurks beneath stock market fears
Australia — already a proxy for China’s growth trends — could be more vulnerable to a potential second global banking crisis than we normally imagine, says Robert Gottliebsen of Business Spectator.
READ MORERBA hints at more economic pressures as $A hits US parity
The Australian dollar dropped through parity with the US currency today for the first time in nearly five months.
READ MORENo China economy crash as iron ore prices rise
Things are on the up for the voracious Chinese steel industry, but don’t tell all those highly paid investment analysts here and offshore who are gloomy about China.
READ MORESwan’s budget surplus risks pushing us into recession
To avoid recession, Australia will have to have growth of 3% to 4% over the next 18 months — which is possible, but no certainty.
READ MOREMaley: smashing the yen to save Japan
Japanese officials are no doubt breathing a sigh of relief as the yen has weakened against the US dollar this year.
READ MOREAustralia-China currency swap really is a big deal
China has reached agreements on swaps with about 20 countries, but Australia is the biggest and most advanced economy to sign up.
READ MORETales from inside the European crypt
The unthinkable has happened, countries have gone broke, but the euro has survived.
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