China engineers a soft landing

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Chinese economic data; Mobile phone sales Chinese trade surplus eases as imports surge. China recorded a trade surplus of US$20.03 billion in August – below forecasts centred on a result near US$26.9 billion. Exports were up 34.4 per cent on a year ago (consensus +35.0 per cent) and imports were up 35.2 per cent (consensus

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Weekly market & economic update 10 September 2010

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Headline developments of the past week US President Obama announced plans for another round of fiscal stimulus including increased infrastructure spending, accelerated tax write-offs for new investment that would allow companies to write off all new investment undertaken before the end of 2011 and an extension of the Bush tax cuts for those earning less

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Unemployment rate slides to 19-month low

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Labour force Employment rose by 30,900 in August, in line with forecasts centred on job gains of around 29,000. The July result was revised up to show job growth of 25,000 (previously showed a rise of 23,500). Full-time employment rose by 53,100 (July down 9,600) and part-time jobs fell by 22,100 (July rose by 34,700).

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Investor Signposts: Week Beginning September 12 2010

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The big picture One of the most poorly understood concepts in Australia is housing affordability. However to be fair, the main reason that it has been so poorly analysed and understood over time is because data has been either incomplete or inconsistent. For instance, in the past, data on property transactions tended to focus on

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AMP Bank drops Basic Variable Rate

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AMP Bank has reduced its Basic Variable Home Loan interest rate for new customers by 13 basis points to 6.64 per cent per annum, making it one of the most competitive rates in the market. The Bank has also launched a new Basic Package made up of the Basic Variable Rate Loan with 100 per

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