Clearly, the Chinese economy has problems, and now appears to be tumbling rather rapidly down along its so-called soft-landing path. Overcapacity began to emerge from around 2013 in the infrastructure sector as well as in numerous manufacturing industries such as shipbuilding, solar cells and wind turbines. The ability of both the public and private sectors to pay back their debt ...
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In Donald Trump, Chinese see the ultimate ‘Fuerdai’
Around the time that polls were closing on Super Tuesday in the U.S., Communist Party news outlets in China began syndicating a 15-image slideshow: “The Erratic Trump is Actually a Winner in Life.” It opens with an image of Donald Trump’s extended family, and a list of reasons why Trump “couldn’t be more inspirational,” including his bestselling books, real-estate empire, ...
Read More »Stocks fall with Copper, Euro as investors weigh stimulus plans
Bloomberg U.S. stocks fell from a two-month high, while the dollar and German bonds climbed as investors assessed the impact of China’s growth plans and the potential for European Central Bank stimulus measures this week. The Standard & Poor’s 500 halted its longest rally since October, while miners and banks led the Stoxx Europe 600 Index lower from a five-week ...
Read More »Emirates Securities Market up by 0.62 percent
ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.62% to close at 4563.26 points. Accordingly the Market Capitalization has gained AED 4.53 billion attaining AED 740.22 billion. A total of 1.97 billion shares were traded with a total value of AED 2.32 billion during the trading session of 07-03-2016 through 20575 transactions. The number of companies which ...
Read More »Businesses go slow on ‘green’
Bloomberg Companies are second guessing whether to participate in green-bond markets as scrutiny by environmental groups raises the bar on what constitutes a climate-friendly security. After quadrupling in size from 2012 to 2014, lifted by investors tracking environmental performance in addition to yield, the green bond market is expected to slow for a second consecutive year, according to Bloomberg New ...
Read More »Electric supercar wins young Croatian global fame
AFP He’s the name behind the world’s first electric supercar, winning international plaudits for his ingenuity. But for Croatia’s 28-year-old Mate Rimac, it all started as a hobby in his garage. A keen techie since high school, Rimac was racing an old BMW when he blew the engine and decided to turn the car into an electric one starting with ...
Read More »Clinton faces down Sanders, blasts Trump’s ‘bluster’
Flint / AFP With the Democratic presidential nomination in sight, Hillary Clinton sought to repel sharp attacks from party rival Bernie Sanders, while training some fire on Republican frontrunner Donald Trump. “Donald Trump’s bigotry, his bullying, his bluster are not going to wear well on the American people,†Clinton said in a sometimes testy debate with Sanders sponsored by CNN ...
Read More »Brussels for overhaul of EU asylum system
London / AFP Brussels is to propose centralising claims for asylum in the European Union as it struggles to address Europe’s biggest migration crisis since World War II, the Financial Times reported on Sunday. The European Commission will make the proposal as part of a radical overhaul of its refugee policy to be announced at a summit of EU leaders ...
Read More »Indonesian leader holds talks with Sudan’s Bashir
Jakarta / AFP Indonesia’s leader on Monday held talks with Sudanese President Omar Al-Bashir, who has been indicted for war crimes by the International Criminal Court, with Jakarta defending having invited him to a summit of Muslim countries. Bashir met President Joko Widodo and the Indonesian foreign minister briefly on the sidelines of an Organisation of Islamic Cooperation (OIC) summit ...
Read More »Slovak leader begins struggle to keep power after majority lost
Bloomberg Slovak Prime Minister Robert Fico started coalition talks after Saturday’s inconclusive elections, which cost him his majority in parliament, saw two nationalist groups win seats in the assembly, and raised the potential of a repeat vote. Fico’s Smer party won 28.3 percent, below the 44 percent he scored in a 2012 ballot. Voters elected seven other parties into the ...
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