OPEC+ agrees to cut production by 1.2mb/d, bringing production back to level at the beginning of this year

Dec 10, 2018 07:16 am UTC| Commentary Economy

The OPEC+ has agreed to cut production by 1.2mb/d, effectively bringing its production back to its level at the beginning of the year. The deal is set to last six months and to be reviewed in April. The outcome was about...

JGBs slump after Japan’s economic growth worsens in Q3; 30-year auction eyed

Dec 10, 2018 06:08 am UTC| Commentary Economy

The Japanese government bonds slumped on the first trading day of the week Monday after the countrys economic growth for the third quarter of this year worsened, disappointing market participants and investors will now...

Australian bonds gain amid renewed bout of risk aversion; 10-year yield dips to 18-month low

Dec 10, 2018 03:52 am UTC| Commentary Economy

Australian bonds gained across the curve during Asian session on Monday as risk appetites softened further amid ongoing tensions regarding the Huawei issue and disappointing U.S. jobs data on Friday night. Investors risk...

Darwin port's sale is a blueprint for China's future economic expansion

Dec 08, 2018 17:33 pm UTC| Insights & Views Economy

An agreement between Darwins city council and an overseas municipal counterpart normally wouldnt attract much attention. Local government officials love signing such deals. Darwin already has no less than six sister city...

Vital Signs: 35 extraordinary years. What the float of Australian dollar bought us

Dec 08, 2018 17:32 pm UTC| Insights & Views Economy

If a week is a long time in politics, then 35 years must be an eternity. 35 years ago, on Monday December 12, 1983, the Hawke-Keating government announced the Australian dollar would be floated. That is, the prices...

Could a recession be just around the corner?

Dec 08, 2018 17:29 pm UTC| Insights & Views Economy

The U.S. economy is growing at the fastest pace in five years, American companies are earning record profits and unemployment is at the lowest level in almost half a century. So why are Wall Street and some economists...

U.S. under Trump Series: China widens surplus with U.S. as clock runs on temporary truce

Dec 07, 2018 12:32 pm UTC| Commentary Economy

President Trumps harsh rhetoric to reign on Chinas massive trade surplus with the United States has so far born little fruit than to make China cautious and reluctantly agreeing to discuss ways to resolve the trade...