The relationship between China’s manufacturing sector and the Australian economy is crucial, given that China is a major consumer of Australian exports. The recent uptick in China’s Non-Manufacturing PMI is a positive sign, indicating a slight increase in economic activity. However, the decline in the Manufacturing PMI could raise concerns about the overall health of
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Chinese President Xi Jinping expressed his hopes for a better relationship between China and the United States during a meeting with U.S. national security advisor Jake Sullivan. Xi emphasized the importance of finding the right way for the two countries to get along, despite the recent tensions that have arisen in various sectors such as
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The energy sector in Brazil is facing challenges due to a drop in reservoir levels at hydroelectric plants. Despite the growth of wind and solar power, more than half of Brazil’s power supply still depends on hydroelectric plants. This has led to the implementation of a pricing system by the local power regulator, Aneel, which
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China’s manufacturing sector experienced a decline in August, reaching a six-month low, according to an official factory survey. The official Purchasing Managers’ Index (PMI) dropped to 49.1 in August from 49.4 in July, falling below the 50-mark that separates growth from contraction. This was lower than the median forecast of 49.5 in a Reuters poll.
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Warren Buffett turned 94 on Friday and his sprawling, one-of-a-kind conglomerate has never been worth more than it is today. Berkshire Hathaway became the first nontechnology company to top a $1 trillion market capitalization this week. Moreover, Berkshire Class A shares also topped $700,000 apiece for the first time ever. Howard Marks, a great investor
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