LATEST NEWS: Japan’s Recession Deepens as Election Looms for Abe: Economy

Japan’s recession was deeper than initially estimated as company investment unexpectedly shrank, a blow to Prime Minister Shinzo Abe as he campaigns for re-election on his economic credentials. The economy contracted an annualized 1.9 percent in the July to September period from the previous quarter, weaker than the 1.6 percent drop reported inpreliminary data. The […]

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LATEST NEWS:Gold Rises as Rally in Crude Oil Spurs Investor Demand for Metal

Gold climbed as higher energy prices damped concern that inflation will remain low and revived demand for the precious metal as a store of value. Crude futures in New York advanced for the second time in three days. The correlation between gold and oil rose close to 0.4 today, the strongest link since July 2013. […]

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LATEST NEWS:Jeffrey Nichols: paper gold bears losing grip on price

After Monday’s white knuckle ride when gold’s highs and lows were nearly $80 an ounce apart, relative calm has now returned to the market with the price consolidating above $1,200 an ounce level on Thursday. continue reading at mining.com

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LATEST NEWS : Currency Wars Are Back: 'Export Your Deflation to Someone Else'

Currency wars are back, though this time the goal is to steal inflation, not growth. Brazil Finance Minister Guido Mantegapopularized the term “currency war” in 2010 to describe policies employed at the time by major central banks to boost the competitiveness of their economies through weaker currencies. Now, many see lower exchange rates as a […]

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LATEST NEWS: Yes, the U.S. Really Will Defend Japan

Professor Paul Sracic suggests in his July 26 essay “Will the U.S. Really Defend Japan?” on The Diplomatthat President Barack Obama is likely to consult Congress if and when he is forced to decide whether to come to the assistance of Japan, in case of a military conflict with China over the disputed Senkaku/Diaoyu Islands, and that […]

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LATEST NEWS : Ethiopia Becomes China’s China in Global Search for Cheap Labor

Ethiopian workers strolling through the parking lot of Huajian Shoes’ factory outside Addis Ababa last month chose the wrong day to leave their shirts untucked. continue reading at bloomberg.com

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LATEST NEWS : Gold Falls as Portuguese Bank Seeks to Calm Debt Concerns

Gold declined for the first time in three days as concerns eased that banking woes in Portugal will spur a wider debt crisis in Europe, crimping demand for the precious metal as an alternative investment. continue reading at bloomberg.com

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LATEST NEWS : The Expanding Offshore Renminbi

As China continues to lower barriers to its capital account, offshore renminbi (RMB) trading markets have grown substantially, guided in their establishment and encouraged in their development by Chinese leaders. The People’s Bank of China appointed RMB clearing banks in London and Frankfurt in June. South Korea also agreed last Thursday to foster its offshore RMB […]

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LATEST NEWS : They're Dying at Their Desks in China as Epidemic of Stress Proves Fatal

Chinese banking regulator Li Jianhua literally worked himself to death. After 26 years of “always putting the cause of the party and the people” first, his employersaid this month, the 48-year-old official died rushing to finish a report before the sun came up. continue reading at bloomberg.com

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LATEST NEWS : Gold’s Flow East Seen for 20 Years as Incomes Increase Demand

The global flow of gold from west to east that helped to make China the world’s largest user will probably last for up to two decades as rising incomes spur demand, according to the China Gold Association. continue reading at bloomberg.com

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