Reuters points out that there are probably no short-term solutions to the huge amount of water and air pollution in China, and that the trouble will get even worse. While ... Read Full Story »
At least one very large nation has managed to keep its credit rating at current levels. S&P released a report that affirmed the AA- long-term and A-1+ short-term sovereign credit ... Read Full Story »
Experts continue to weigh in on what will happen to China's gross domestic product as the world's economic expansion slows, or even moves into reverse. The most recent opinion from ... Read Full Story »
Economic contagion has spread to China, as the markets there signal deep concern. The Hang Seng fell 3% overnight as the reality that Europe will undermine growth in the People’s Republic set ... Read Full Story »
When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still ... Read Full Story »
China’s central government statistics agency said the country’s purchasing managers index rose to 53.3 from a reading of 53.1 in March. The figure could signal an expansion, but only an extremely ... Read Full Story »
The price of West Texas Intermediate crude has begun to teeter down toward $100, after nearly three months above that level. With it the price of gasoline and anxiety about ... Read Full Story »
Worries about a slowing in China’s GDP and the impact it will have on the earnings of big companies based there have begun to hammer the stock market. The Shanghai Composite suddenly fell ... Read Full Story »
Most of the press coverage and initial comments about China’s fourth-quarter GDP improvement of 8.9% centered on the fact that the expansion represented a two-and-a-half year low. Somehow, that caused concern ... Read Full Story »
Moody’s downgrade of Spain puts more pressure on the EU to address its sovereign debt crisis. (Reuters) Several large shareholders may fight to oust part of the News Corp. (NYSE: ... Read Full Story »
China’s government released PMI numbers for August. The official index number was 50.9, up from an unusually modest 50.7 in July. The question the figure begs is where the manufactured ... Read Full Story »
China's purchasing manufactures index contracted in July for the first time since mid-2010 when the recession was hardly over. HSBC, which publishes in index, reported that a reading of 48.9 ... Read Full Story »
A recession in the U.S. is present when GDP turns negative. That may not be the case in China. The People's Republic needs much more rapid growth to support its ... Read Full Story »
A report from the Senate Permanent Subcommittee on Investigations accuses Goldman Sachs Group (NYSE: GS) of selling weak financial securities and betting against the interests of its clients. (Reuters) Glencore ... Read Full Story »
America lost its lead as the world’s top manufacturer to China. That is in part the basis of the argument that China’s Gross Domestic Product will pass America’s sometime before ... Read Full Story »