Churning floodwaters continued to rise across a vast swath of northeastern Australia on Tuesday as authorities worked to grapple with the multibillion dollar economic toll from record inundations that have killed at least nine people. more »

The rains in Australia have cemented China’s economic slowdown. The rains will have longer lasting implications for both economies. more »

The number of people getting behind in mortgage payments has increased considerably across Australia. more »

Pimco has issued a economic perspective article on global growth forecasts.  Highlights:Global economic conditions and structural factors remain supportive for the emerging markets to “run fast,” and for the U.S., Canadian and Australian economie… more »