All Posts Tagged With: "china"
China Cuts Fuel Subsidies… But Don’t Believe This Myth About Oil
If something’s more expensive, less people will buy it. That’s NOT the case with oil. Take China. Yesterday, it did the unthinkable…It cut oil subsidies.
Vietnam’s Coming Resurgence Explained: 6 Reasons Why You Should Get In Now
The government is serious about tackling inflation. Investor confidence has returned. The IMF believes Vietnam is on the right track. Food inflation is set to fall drastically. Domestic manufacturing capacity increasing rapidly. Oil refinery set to come online in 2009.Let me explain this in a bit more detail…
Asking Too Much of a Fiat Currency
Trying to preserve buying power with advanced purchases of oil! Sort of like buying gold and silver, but messier. Stick with silver and gold. You’ll be glad you did, as your motives are the same as everybody else’s…
Mexico Joins the Global Battle Against Inflation with Surprise Rate Cut
Mexico’s central bank unexpectedly raised its benchmark interest rate by a quarter percentage point to 7.75% Friday, warning that the rate of inflation may exceed its previous forecast.
Multinational Corporations Step up the Search for the ‘Next China’
As far as foreign direct investment in Asia is concerned, China is still the undisputed leader, drawing approximately $42.78 billion in just the first five months of the year, an increase of 55% from the same period a year ago.
Oil Drops as China Ratchets up Fuel Costs
Oil futures fell yesterday (Thursday) on news that China plans to sharply reduce fuel subsidies starting today, which is expected to have an effect on demand.
New Travel Arrangement with China Could Lead to Stronger Economic Growth in Taiwan
After completing their first official talks since 1999, China and Taiwan will open the first permanent offices in each other’s capitals and begin direct weekend passenger flights between their territories. The agreement is a positive step that will bring the two contentious regions closer together both politically and economically.
Is the Fed to Blame for Chinese Inflation?
Last year, China was viewed as the driver behind rising commodities prices.
Now the blame for spiraling food and oil prices is increasingly being laid at the door of Fed Chairman Ben Bernanke for cutting the fed funds rate to 2% and unleashing yet another wave of inflationary surplus liquidity.
The fallout is now being seen as India, China, the Philippines and Indonesia hike their own interest rates to rein in rising prices.
Consumer prices jumped 7.7% last month, down from 8.5% in April, but inflation there remains top of the list of economic concerns.
A Potential Oil Sands Boom You’ve Never Heard Of
There is a map of the world on my office wall. What I like about this map is that the mapmaker paid particular attention to getting the scale right.
Base Metals Stuck
The base metals were mixed on Friday. Copper was flat until the late morning, then shot upward, peaking around noon before flattening out after that to finish at $3.6656/lb., up 5 cents.
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