MY.BLOGTOP10.COM

China's Country Garden has paid coupons of USD22.5mn - avoids defaultEuropean Central Bank President Lagarde speaking again today, Schnabel, de Guindos alsoChina's Country Garden seeking to extend payments of another 7 onshore bonds by 3 yearsAUD, NZD, CNH all down:...

Country Garden was due to make the payments today, otherwise the 'grace peiod' would have expired leaving the firm open to default demands from creditors. News crossing now that the payments have been made. We can breathe now for a few days before the next lot are...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Chinese developer Country Garden Holdings missed coupon payments in early August. The 'grace period' for the first of these finished up today and tomorrow (September 5 and 6)builder has about U$187 billion of total liabilities it has a combined US$22.5 million in...

Goldman Sachs have been consistently revising their probability of a US recession in 12 months lower and lower. They have been consistently under consensus too . Good for them. Have it at 15% now, from most recent forecast at 20%.Goldman Sachs chief economist Jan...

Composite 51.7prior 51.9That's a disappointing services PMI. The yuan has been hit on it:From the Caixin report:Latest PMI data signalled a softer expansion in service sector output in China during August. Business activity increased at the slowest pace in eight...

UK think-tank New Financial says higher minimum contributions to pension schemes and regulatory reforms to bolster London's capital market and boost the flow of money from pensions into investments is a good start, but more is needed to avoid pensioners having too...

Q2 Current Account +7.7bn AUD expected +8.1bn AUD, prior +12.3bn AUDAustralia's net exports will add 0.8% to Q2 GDP (this data point is due Wednesday at 11.30 am Sydney time)expected +0.3%---Background info on the "current account"refers to a component of a country's...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

I posted on this on Monday, news out of China’s National Development and Reform CommissionA little more on this now:NDRC said it would set up a bureau to coordinate policies across different government bodies and help development of the private economynew bureau will...

<!--> --> <!--> --> Services: 54.3prior 53.8Composite: 52.6prior 52.2Flash reading here:Last week we had the final manufacturing number:Earlier from Japan, the biggest y/y drop in household spending since February of 2021: ADVERTISEMENT - CONTINUE...

Bloomberg convey remarks from a senior US Treasury official on the price cap imposed on Russian oil exports by the US and its allies:the US is judging the policy’s performance by whether it’s allowing buyers across the world to negotiate bigger discounts for Russian...

Judo Bank / S&P Global Australian PMIs for August, the final results:Services 47.8 vs. prior 47.9 Composite 48.0 vs. prior 48.2The Manufacturing was published last week:The preliminaries are here:All three firmly in contraction does not auger well. On Wednesday...

Australian Weekly ANZ Roy Morgan Consumer Confidence survey.ANZ comment:July monthly CPI, which showed falling annual inflation, likely supported the lift, as did the start of what we think will be an extended pause from the RBA.78.7 is an 18-week high. And still...