China

China

Daily Highlights: 6.24.09

  • Asian markets recover modestly ahead of FED announcement; Europe up slightly.
  • Fed weighs whether economic revival programs should be slowed amid improvement.
  • Oil drops below $69 in Asia as investors mull US dollar, inflation.
  • Japan’s Nikkei rises 40.71, or 0.4 percent, to 9,590.32 as of the close in Tokyo.
  • The US and the EU have filed complaints that China limited its raw material exports.
  • U.K. economy will see a "sluggish" recovery from the recession, according to the OECD.
  • The U.S.

Daily Highlights: 6.22.09

  • Asian stocks rose, led by automakers and financial companies,
  • European Central Bank’s Ewald Nowotny said the bank is likely to keep interest rates steady.
  • European stocks fell as the World Bank said the global recession will be deeper than it predicted in March
  • Federal Reserve is considering creating a utility to replace the Wall Street banks that handle US repo market transactions.
  • German business confidence increases in June, signaling an end in recession.
  • Unemployment and consumer debt are reducing home ownership by would-be buyers.
  • US airlines get thumbs down from frequent travelers.
  • World Bank predicted that the global economy will shrink 2.9% this year.
  • Carlsberg A/S is close to selling its brewery in Braunschweig, Germany.

Saturday Readings

  • Steve Jobs had a liver transplant 2 months ago (WSJ)
  • Iran's political turmoil creates dilemma for Obama at home and overseas (Bloomberg)
  • Cutting the Gordian Knot of GE Theory (AxiomaticEconomics)
  • The Plaza stirs with 30 For Sale listings for a total of $250 million (NYT)
  • Fear the dark side of China's lending spree (Caijing)

Daily Highlights: 6.23.09

  • China shares fall on worries about world economy but banks and steel gained.
  • Euro edges higher against dollar as Federal Reserve to start 2-day meeting.
  • Euro zone manufacturing improvement helps recession ease in June.
  • House Democrats to open hearings on a sweeping health care bill.
  • Japan may end $1.5 billion Venezuela loan on seizures.
  • Japan shares fall after Wall Street’s tumble, investors awaits fresh new on global economy from Fed’s policy meeting.
  • Obama set to sign into law an antismoking bill that will give the FDA unprecedented aut

Frontrunning: June 23

  • Boeing announces yet another 787 delay, prior delivery date of Q3 2010 scrapped: are those titanium/carbon frame suppliers still alive?

Daily Highlights: 6.22.09

  • Asian stocks rose, led by automakers and financial companies,
  • European Central Bank’s Ewald Nowotny said the bank is likely to keep interest rates steady.
  • European stocks fell as the World Bank said the global recession will be deeper than it predicted in March
  • Federal Reserve is considering creating a utility to replace the Wall Street banks that handle US repo market transactions.
  • German business confidence increases in June, signaling an end in recession.
  • Unemployment and consumer debt are reducing home ownership by would-be buyers.
  • US

Guest Post: China - Economic Catastrophe Unfolding

Submitted by Terence Doherty, guest author (via Phil's Stock World)

Here’s some recent news about the real estate markets in China. I think it is fascinating watching how these things unfold. This proves once again that the lesson of history is that we don’t learn the lessons of history.

Guest Post: China - Economic Catastrophe Unfolding

Submitted by Terence Doherty, guest author (via Phil's Stock World)

Here’s some recent news about the real estate markets in China. I think it is fascinating watching how these things unfold. This proves once again that the lesson of history is that we don’t learn the lessons of history.

Guest Post: China - Economic Catastrophe Unfolding

Submitted by Terence Doherty, guest author (via Phil's Stock World)

Here’s some recent news about the real estate markets in China. I think it is fascinating watching how these things unfold. This proves once again that the lesson of history is that we don’t learn the lessons of history.

Daily Highlights: 6.19.09

  • US Leading Indicators, Factory gauge climb in evidence slump is easing.
  • New York City’s unemployment rate climbs to 9%; 361,000 are jobless, highest since '93.
  • Air France-KLM may need to cut a further 3,000 jobs says CEO.
  • Apple Inc. shares have climbed 59 percent since Jobs take on leave.
  • Dongfeng Motor., China’s third-largest automaker, will partner with Detroit Electric Holdings.
  • GE objects bank separation plan but favors broad regulator.
  • Abraxas Petroleum and Abraxas Energy Partners, L.P. announce merger intention.

Overalottment: June 18

  • Schapiro says SEC to force more disclosure on "dark pools" (Bloomberg)
  • Senate attacks role of Fed in Geithner reform (FT)

Overalottment: June 18

  • Schapiro says SEC to force more disclosure on "dark pools" (Bloomberg)
  • Senate attacks role of Fed in Geithner reform (FT)
  • George Orwell deja vu headline presented tonight compliments of Bloomberg: Yen Weakens as Signs Global Slump Easing Spur Demand for Yield (Orwellberg)