Bloomberg Iron ore will sink back below $50 a metric ton next year as global supply expands and demand moderates in China, according to Australia, the biggest exporter, which released its revised outlook just hours before the country’s largest port reported record shipments for June. The raw material will average $49.10 next year, 4.8 percent below a previous estimate, and …

Bloomberg The world’s biggest pension fund posted its best annual gain in two years, as Japanese and overseas stocks rose while government bonds slid. The Government Pension Investment Fund returned 5.9 percent, or 7.9 trillion yen ($70 billion), in the year ended March 31, increasing assets to a record 144.9 trillion yen, it said in Tokyo. That’s the biggest advance …

Bloomberg China’s great reflation is showing further signs of being a let-down. Producer price gains have eased back from February’s eight-year high as activity in the property and infrastructure sectors slows amid a government crackdown on risky lending. Prices at the factory gate rose 5.5 percent in June from a year earlier, the same pace as May, according to a …