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Bid for technology dominance is making Israeli company rich

  Bloomberg Has China bitten off more than it can chew when it comes to making chips? That’s where Orbotech Ltd comes in: To make sure the billions are well spent. Orbotech makes inspection and repair tools that help factories avoid errors as they pump out increasingly complex chips for smartphones and tablets. Its market capitalization surpassed US$1 billion in ...

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Oil currency breaks ranks as Azeris can’t quench dollar need

  Bloomberg As higher energy prices buoy currencies of commodity producers, one is swimming against the tide. Even after losing more than half its value against the dollar in two devaluations last year, Azerbaijan’s manat is struggling to find a bottom. In fact, it just had its worst month since the height of the crisis in oil markets in January. ...

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World’s top iron ore shipper chops its outlook to 20%

    Bloomberg The world’s biggest iron ore shipper cut its outlook for prices next year by 20 percent as the global market remains well supplied, loss-making miners are holding out and steel output in China will shrink further. Iron ore is seen at US$44.80 a metric ton next year, Australia’s Department of Industry, Innovation and Science said in a ...

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