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  • Editor’s Picks / 1 hour ago

    China's manufacturing PMI edges down

    The pace of contraction in China's manufacturing sector slowed in November and the services sector grew, signs that the country's transition to a consumption-driven economy is back on track after a torrid summer, surveys showed Tuesday. Huileng Tan writes according to the final Caixin/Markit China Manufacturing PMI, China's manufacturing activity contracted for the ninth straight month in November, but more slowly than in October. The private survey had a reading of 48.6 for November, up from 48.3 in October. The official services sector PMI performed better however, with a reading of 53.6 – slightly higher than October's reading of 53.1.
    Read article on CNBC
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  • Editor’s Picks / 4 hours ago

    Bill Gates plots a surprise attack on the energy sector

    Bill Gates grows most animated when the talk turns to the "cool" new energy technologies that have yet to leave the lab. Gates was a rare civilian sharing the limelight alongside presidents and prime ministers at the opening session of Paris climate talks on Monday. Offstage, in a barren conference room, he excitedly described the possibility of generating energy through the long-speculated process of artificial photosynthesis, using the energy of sunshine to produce liquid hydrocarbons that could challenge the supremacy of fossil fuels. “If it works it would be magical,” says Gates, hugging his elbows to his side and rocking lightly in his seat. “Because with liquids you don’t have the intermittency problem [that] batteries [do]. You can put the liquid into a big tank and burn it whenever you want."
    Read article on Reuters
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  • Calendar event / 5 hours ago

    AU Balance of Payments

    Med Current Account-SA (AUD)
    Low Net Exports-Expected % of GDP
    Low Net Foreign Debt, Q/Q%