Curve Watchers Anonymous has its eye on the Australian dollar. As expected, it has taken a big dive in conjunction with a housing bust and a slowdown in China that impacts the demand for commodities.
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If the trend is reflected in official data, it could signal an end of the period in which employment has been growing strongly while economic output remains flat, reports The Financial Times.
The survey also found that a two-speed labour market is emerging where there is a lack of candidates for high-skilled roles despite relatively high unemployment.
From the second quarter the government has unleashed a lot of projects, and that has started to be felt in the economy, but it’s not a very healthy recovery yet
BEIJING — China’s economy picked up in November, but a broader global recovery remains fragile and patchy, a clutch of factory surveys suggested on Monday, with activity elsewhere in Asia remaining subdued amid depressed demand from the developed world.
CNN Money reports Chinese buying of U.S. business at record pace
Chinese direct investment in the United States could hit a record high in 2012, according to a new research report released Wednesday.
Total Chinese foreign direct investment in the U.S. is on pace to reach at least $8 billion this year, according to the report from research firm Rhodium Group.
Joy Global Incorporation (JOYG) reported adjusted earnings of 96 cents per share in the first quarter of fiscal 2011, compared with 73 cents per share in the year-ago quarter. The results of the company were a dime short of the Zacks Consensus expectation.