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Japan’s economy growth in Q2 beats expectations

  Bloomberg Japan’s economy expanded more than the government initially reported for the second quarter, helped by an upward revision in capital spending, private inventories and public investment. Key Points Gross domestic product expanded by an annualized 0.7 percent in the three months ended June 30, more than the initial reading of 0.2 percent, according to revised data from the ...

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‘Australia selling farm to China debunked as myth’

  Bloomberg Chinese investors hold just 0.38 percent of Australia’s agricultural land, Treasurer Scott Morrison said, citing a report which he said will allay concern among voters that the Asian nation is buying up farmland on a massive scale. A total of 13.6 percent of agricultural land is held by international investors, with 52 percent of that owned by U.K. ...

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Record Oz iron exports seen presaging drop in prices

  Bloomberg Iron ore shipments from the world’s largest bulk-export terminal in Australia swelled to a record, offering fresh evidence of strong supply and underpinning forecasts of lower prices through the year-end. Exports from Port Hedland totaled 42.9 million metric tons in August from 38.7 million in July and 39.2 million a year earlier, data from the Pilbara Ports Authority ...

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