The U.S.’ potential conflict with Iran might pale in comparison to a fight brewing between China and India, says Chris Mayer. “This one doesn’t seem to get much attention in the Western media, but I’ve read some dire stuff from the Eastern media. By their lights, the Sino-Indian border hasn’t been this tense since 1986-87, when the skirmishes broke out between Indian and Chinese troops.
There’s no question that the big “winner” in the global financial crisis has been China. While for the past two years developed economies have been scrambling to keep afloat China has taken a nuanced approach to achieving its economic and political goals.
Steel production will probably fall this year by the largest margin since the Second World War. Most folks in the steel business have gray and soggy outlooks for 2010. Most, but not Lakshmi Mittal.
With prices testing their record high of $1,033 an ounce set last year gold has again become the hot topic of conversation.
This week, the big story was once again coming from the gold market. Mid-week, the yellow metal hit $1020 – but the rally was not of the usual variety. Generally, investors flock to gold when the dollar is weak and inflationary fears run high. But as we all know, inflation is not a problem right now – despite the Fed’s best efforts.
“I’m Brazilian. I have gold. And I’ve just arrived from Rio richer than anyone…” Thus sang one of the characters in an operetta by Jacques Offenbach. But that was in the mid-19 th century. But hey… what goes around…
With the announcement that it intends to build the world’s largest solar power plant, China is rapidly evolving into the world’s largest market for solar energy. And with heavy government backing, Chinese solar companies are quickly becoming global leaders.
The Organization of the Petroleum Exporting Countries (OPEC) said yesterday (Thursday) that it would keep production quotas at 24.845 million bpd and urge members to adhere to targets, as global demand has yet to return in full.
The U.S. trade deficit expanded at its fastest pace in more than ten years in July, accelerated by rising oil prices and increased demand for auto parts and industrial supplies.
Every country needs a few basic ingredients in order to achieve healthy, sustained economic growth.