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Surprise fall in US pending home sales
Contracts to buy previously-owned US homes unexpectedly fell in June, casting a cloud over the housing market recovery.
Russia told to pay $51.6billion in Yukos case
The Hague’s arbitration court ruled on Monday that Russia must pay a group of shareholders in oil giant Yukos $51.6 billion for expropriating its assets, a big hit for a country teetering on the brink of recession.
Europe nervy on new sanctions to Russia
Moscow warns moves will hamper cooperation
Increased demand from European, Chinese cruisers buoy firm
Royal Caribbean Cruises’ quarterly profit beat analysts’ average estimate as demand for its European and Chinese cruises increased and passengers spent more on board, helping it raise its full-year profit forecast.
The bearish case for the ASX
Australia has been one of the most fascinating investment themes in the past decade, thanks to the epic mining boom in Western Oz and the meteoric (almost double-bagger) rise of the Aussie dollar against the greenback since 2002.
Boeing is Dow Cinderella
Matein Khalid discusses why the firm is undervalued in an overvalued market
Chinese industrial sector’s profits increase 11.4%
Chinese industrial businesses saw their profits rise by 11.4 per cent year-on-year in the first half of this year, official data showed on Sunday.
Middle East crude refining projects boost global capacity 27%
The Middle East will be the largest contributor to the world’s total crude distillation capacity increase, accounting for approximately 27 per cent.
Argentine debt default looms
Parties have not yet met face-to-face despite the addition of a court-appointed mediator
Indian markets’ post-election fervour lost on consumers
Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiralling costs of food and other staples eat into his budget for non-essentials.
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