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International

Increased demand from European, Chinese cruisers buoy firm
Royal Caribbean Cruises’ quarterly profit beat analysts’ average estimate as demand for its European and Chinese cruises increased and passengers spent more on board, helping it raise its full-year profit forecast.
The bearish case for the ASX
Australia has been one of the most fascinating investment themes in the past decade, thanks to the epic mining boom in Western Oz and the meteoric (almost double-bagger) rise of the Aussie dollar against the greenback since 2002.
Boeing is Dow Cinderella
Matein Khalid discusses why the firm is undervalued in an overvalued market
Chinese industrial sector’s profits increase 11.4%
Chinese industrial businesses saw their profits rise by 11.4 per cent year-on-year in the first half of this year, official data showed on Sunday.
Middle East crude refining projects boost global capacity 27%
The Middle East will be the largest contributor to the world’s total crude distillation capacity increase, accounting for approximately 27 per cent.
Argentine debt default looms
Parties have not yet met face-to-face despite the addition of a court-appointed mediator
Indian markets’ post-election fervour lost on consumers
Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiralling costs of food and other staples eat into his budget for non-essentials.
Shares sag as Ukraine woes hit German confidence
Signs that tensions between the West and Russia are starting to hurt confidence in Europe’s dominant economy Germany left the euro near an eight-month low on Friday and lifted the region’s government bonds.
The US economy, though sluggish, may now be sturdier
Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing US economy has emerged.
Orders for US durable goods rebound in June
Orders for long-lasting US manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter.
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