ECONOMY

China Rare Earths: Increases 2014 Mining Quotas on Light Rare Earths

China's Ministry of Land and Resources (MLR) has announced the country has increased its 2014 mining quotes on light rare earths at 105,000 tonnes, a jump of 12 per cent from last year. Mining quotas for heavy rare earths and tungsten, in the meantime, were retained at 2013 levels.
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Australian Stock Market Report – Morning June 19, 2014

The US Federal Reserve has reduced its monthly asset purchases by US$10 billion to US$35 billion a month. The Federal Reserve has cut the forecast range for economic growth in 2014 from 2.8-3.0% to 2.1-2.3%. Fed chief Janet Yellen said that weaker-than-expected growth could delay any move to lift interest rates.
Air Canada's Boeing 787 Dreamliner economy section is seen during the unveiling of its brand new international interior product at Pearson International Airport in Toronto May 20, 2014. REUTERS/Aaron Harris (CANADA - Tags: TRANSPORT BUSINESS)

787 Delivery Delay Forces Air Canada to Lease Planes

Air Canada has ran into an expected delay in the delivery of its 251-seater Boeing 787 Dreamliner, forcing the airline to lease planes for three summer routes, including Spain and South America.

Global Markets Overview – June 17, 2014

After a downbeat European session, sentiment managed to recover in US trade, despite a continuation of Iraq concerns. There was some positive data out of the US including the Empire State manufacturing index, industrial production and the NAHB housing market index. However, investors seem to be looking ahead to the Fed meeting. The IMF was also on the wires downgrading the US growth forecast for 2014 to 2% (from 2.8%) and maintained 2015 growth at 3%. Major currency pairs just continue to hold t...

Australian Stock Market Report – Morning June 17, 2014

In US economic data, the New York Federal Reserve manufacturing index rose from +19.01 to +19.28 in June, above forecasts for a result near +15. Industrial production rose by 0.6% in May, just above forecasts. And capital flows into the US totalled US$136.8 billion in April after the previous month recorded outflows of US$126.1bn.

New Zealand Economic Growth Sustainable Despite Interest Rate Hike

The economy of New Zealand grew 1.1 per cent during the first three months of the year compared to 0.9 per cent in the fourth quarter of 2013. According to economists, the country's economy had probably accelerated during the first quarter of the construction and rebuilding in Christchurch.
palestinians

AU Export Boycott Looms Over 'Disputed' Territory

Arabic and Islamic nations have threatened to boycott products from Australia after the government's decision to change calling the West bank from "occupied" to "disputed" territory.
Pope Francis waves as he arrives to lead his weekly general audience at St. Peter's Square at the Vatican June 11, 2014. REUTERS/Giampiero Sposito (VATICAN - Tags: RELIGION)

Arms Dealers, Traffickers are World’s Harbingers of Doomsday – Pope Francis

Probably feeling refreshed and well-rested after a 2-day absence from the job, Pope Francis blasted the corrupt, slave laborers, arms manufacturers and human traffickers during his general audience on Wednesday. He described people or institutions producing weapons of war are "merchants of death" and therefore the world's harbingers of doomsday.
New Zealand's Prime Minister John Key Smiles After the General Election in Auckland.

New Zealand Economy to Grow 3.5%; IMF Warns of Housing and China Slowdown

The International Monetary Fund (IMF) is expecting a 3.5 per cent growth for the New Zealand's economy for the year before going back to a 2.5 per cent average by 2016. According to the IMF, the country's economic expansion is being driven by favourable financial conditions, resurging construction activity, high commodity prices and a sufficient increase in immigration.

New Zealand 'Friendlier' to Start-Up Companies Than Australia

New Zealand is "more friendly" to start-up companies than Australia. Hobart native Craig Richardson is living proof of start-up success in New Zealand. When he left his home in Sydney to start his own tech company, he hasn't looked back since.
Pope Francis waves as he leads a special audience for members of CSI (Italian sport centres) in Saint Peter's Square at the Vatican June 7, 2014. REUTERS/Max Rossi (VATICAN - Tags: RELIGION TPX IMAGES OF THE DAY)

Pope Francis Takes Day Off, Nothing Major Says Vatican, Just Tired, Advisers Keen on Doomsday Conspiracy Mill

So Pope Francis isn't a man of steel or ironman after all. Or just so we thought? The incumbent spiritual leader of the 1.2-billion strong Roman Catholic church has for the very first time filed for a leave of absence from work since taking on the post in March 2013. Vatican assured believers and skeptics alike it was nothing major, just that the pope was tired.

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