While Australia’s economy shrunk last quarter, it’s probably more of a red flag than a precursor to recession. One of only four quarterly contractions in the past 25 years, the so-called ‘lucky country’ is unlikely to suffer a second consecutive slump — just as in those prior periods. Source Bloomberg
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U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash. Source Reuters
The Dutch state raised about 1.48 billion euros ($1.68 billion) from selling an additional 7 percent stake in ABN Amro Group NV, taking advantage of steady demand for European bank stocks as it progresses toward full privatization. Source Bloomberg
On Tuesday at around 2:45 pm, less than half an hour after the start of the meeting in Bercy, which was supposed to bring together the State and the representatives of the workers in Creus, a number of the workers who remained there triggered several fires in the region. GM & S factory.A pungent odor of tires, pallets and cartons quickly invaded the hangars triggering all safety devices. Source Liberation