Global News

US consumer confidence surges to eight-year high

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Consumer sentiment at highest level since 2007 as US recovery nears completion.

US new home sales jump 11.6% in December

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US new home sales rise sharply in December, comfortably top forecasts.

Greek jitters return, stocks plunge 6%

by AFP
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Athens market cops a hammering as investors show bailout jitters post-election.

Germany doesn't fear Greek contagion

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Finance minister not worried about Greece's financial troubles spreading to rest of EU.

New York City spared worst of blizzard

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Global financial centre dodges worst of winter storm, slowly returning to business as usual.

German govt raises 2015 growth forecast

by AFP
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German govt now tipping growth of 1.5% this year, higher than original forecast of 1.3%.

US durable goods orders fall sharply in December

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Commerce Department figures disappoint expectations for a rise in orders.

UK economic growth slows in Q4

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Quarterly growth comes in slightly below expectations, as construction slumps.

SNB 'still prepared to intervene'

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Swiss National Bank official says country had no choice on lack of forward guidance, is affected by ECB's quantitative easing.

Abe is under pressure to deliver on his policy agenda

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Despite Shinzo Abe's decisive electoral victory, his political mandate for domestic and international policy remains far from clear.

Is a Grexit the best option?

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Syriza's victory has set in motion a series of events that will not only determine the future direction of Greece but also the long-term sustainability of the eurozone.

What everyone overlooked in China's GDP numbers

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While all the focus on the latest GDP numbers has been on China’s slowing growth rate, in US dollar terms it’s a completely different story. For Australia, this matters a great deal.

S&P cuts Russian debt to junk status

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Standard and Poor's strips Russia of investment-grade rating for first time in a decade.

Europe warns Greece on austerity

by AFP
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EU tells Greece its place in the eurozone is at risk without ongoing austerity pledge.

German business confidence moves higher

by AFP
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German business confidence has risen to its highest level in six months in January.

ECB can't accept Greek debt relief

by AFP
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European Central Bank says it cannot take part in any debt cut for Greece.

Greek stocks open down 2%

by AFP
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Greek stock market slumps after anti-austerity party Syriza sweeps to victory in general election.

Brace for the unintended consequences of the ECB's QE

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The ECB joining the currency wars will see the dangerous side-effects of central banks' monetary policy experiments continue to build and has merely pushed out the day of reckoning.

A new Greek tragedy looms

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If Syriza's more radical elements feel betrayed by leader Alexis Tsipras' watered-down policies, Greece could be further destabilised -- with disastrous consequences.

The Chinese warning signs to watch for

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The factors that allowed the Chinese economy to grow so fast could soon exacerbate the sharpness of the slowdown.

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