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China Overtakes U.S. as World's Leading Foreign Direct Investment Destination

For the first six months of 2012, global foreign direct investment (FDI) totaled US$668 billion, down 8 percent from that of 2011. The decline was mainly due to increased uncertainty in the global economy, the European Sovereign Debt Crisis, … — Wed, 31 Oct 2012 04:15:48 -0700

Malaysia: Steady and growing

Despite global uncertainty, Malaysia looks set to achieve its GDP growth target this year, thanks to a benign domestic climate, rising investment and fiscal stimulus. … Filed in Asia, Finance & Investment on 31/10/2012 with no comments. Asia | 31 Oct 2012. Despite global … In an interview with the international press in October, Zeti said that she expected growth in 2013 to be “much the same” as this year, barring a deterioration of the world economic climate. Thus far, Malaysia has … — Wed, 31 Oct 2012 06:16:42 -0700
… -toshiba-corp-outside-photo-062215346–finance.html”,”plink_vita”:”–finance.html”,”srchtrm”:”Passersby walk past in front of… … artContentTitle”:”Toshiba cuts forecast on global economy worries”,”artContentDesc”:”TOKYO (Reuters) – Japan\’s Toshiba Corp cut its full-year operating profit forecast by 13 percent to 260 billion yen ($3.3 billion) on Wednesday, saying the … — Wed, 31 Oct 2012 06:07:09 -0700

HONG KONG, Oct. 30 (Xinhua) — Mongolia expects to recover its mine supply to the Chinese market in five to ten months as China has reduced purchasing mine in Mongolia due to the sluggish global economy, the vice minister of the … — Wed, 31 Oct 2012 05:22:45 -0700
She set the co-operative renaissance within the context of the wider economic crisis, saying: “Our excitement and growth coincides with the financial collapse and the global recession. Out of these difficult circumstances come opportunities for … — Wed, 31 Oct 2012 04:56:44 -0700
The Philippines’ global rank in terms of financial development slipped five notches this year because of an unstable currency and less than satisfactory banking services, the World Economic Forum said on Wednesday. — Wed, 31 Oct 2012 04:55:47 -0700
In C-suites and boardrooms around the world, pessimists now outnumber optimists nearly 8 to 1 as senior finance executives take an increasingly dim view of the global economy and show growing… — Wed, 31 Oct 2012 04:41:00 -0700


Swiss Study Shows 147 Technocratic “Super Entities” Rule the World

Assumed by many that there was a complex architecture to the global economic power that caused financial systems to ebb and flow or crash and burn is not a scientific fact as evidenced in this study. As the banking cartels force countries in … — Mon, 29 Oct 2012 20:24:00 -0700
I also love money. In fact, I love money a little too much. An online movement that combines both personal finance related content and smart tools that help you make better financial decisions is exactly what MoneySmart is all about and what I love being a part of. Some say money is the root of …. Due to the global economy and quantitative easing, the currently low rates might persist till 2013 – 2015. But if you believe SIBOR rates can still fall (or at least not rise), you might want to try … — Mon, 29 Oct 2012 23:05:41 -0700
Mongolia will rank among the world’s top-10 fastest-growing economies in the next 40 years has been the source of confidence in the country’s long-term financial potential. — Mon, 29 Oct 2012 20:31

85% of Atlantic City flooded 

Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Mon, 29 Oct 2012 18:54:00 -0700

The Global Banking 'Super entity'

When politicians, economists, and other refer to “financial markets,” they are in actuality referring to the “super-entity” of corporate-financial institutions which dominate, collectively, the global economy. For example, the role of financial markets … — Mon, 29 Oct 2012 01:00:56 -0700
Global economic security … Mario Draghi told Spiegel that he “completely supported” a plan drawn up by German Finance Minister Wolfgang Schaeuble to bolster the power of the EU’s economic and monetary affairs commissioner. — Mon, 29 Oct 2012 01:00:00 -0700
Category : Carbon & Climate, Policy & Finance Region : China, Global … However, many experts have low expectations for the upcoming climate change meeting in Doha, Qatar, partly due to the state of the global economy. “There are some … — Mon, 29 Oct 2012 00:58:18 -0700
Moody’s upgraded the foreign and local currency long-term bond ratings of the Philippines to Ba1 from Ba2, citing the country’s improved economic performance and continued fiscal revenue buoyancy. … It also said the upgrade reflected the country’s enhanced prospects for growth over the medium-term; and a stable financial system. It said the outlook for the rating was stable. — Reuters. We welcome … Bonifacio Global City bristles with life amid global economic woes · More Photos … — Sun, 28 Oct 2012 22:50:55 -0700
An annual survey of finance directors from global business consultancy BDO finds that the crisis over too much government debt in Europe remains one of their key concerns — so much so that Greece is considered a riskier place to invest and set up business in than war-torn Syria. Only Iran … This reluctance by finance directors, particularly from fast-growing economies such as Brazil and China, to invest in Europe’s indebted countries goes to the heart of the financial crisis. A major …

Viewpoint on austerity measures

Given very dangerous European and global financial-economic and strategic predicaments, Lithuania (LT) needs to adopt very bold and innovative ways to “sell” to the world its extreme austerity sacrifices during the continuing period of global … — Sat, 27 Oct 2012 00:20:28 -0700
Well it did not happened but nothing changed, indeed the bad news flow only confirmed that the global economy is weakening. As Chris Mayer from Agora Financial reported: – Caterpillar, UPS, DuPont and Yum! Brands all reported weak … — Fri, 26 Oct 2012 22:48:08 -0700
Asian markets fell in the week with investor sentiment turning negative following the disappointing corporate earnings in the U.S. indicating that the global economic growth momentum continues to falter. Japan’s Nikkei 225 Stock Average declined 0.8 … Japan’s Finance Ministry data showed that the country recorded a 558.6 billion yen ($7.0 billion) trade deficit in September, compared to a surplus of 288.8 billion yen last year. Exports dropped 10.3 percent in September from a year … — Fri, 26 Oct 2012 21:22:55 -0700
There are increasing signs that the global economy is about to enter a new period of financial turbulence, coupled with deepening recession in a growing number of countries. In the immediate aftermath of the global economic breakdown that … — Fri, 26 Oct 2012 21:14:00 -0700
Moreover, the global system is today in an exceptionally high-risk phase of rapid non-productive debt growth in concert with historic financial and economic imbalances. Global policymakers are desperate to reflate debt and economic … — Fri, 26 Oct 2012 19:37:10 -0700
After the founding of PRC, especially since the reform and opening up, comprehensive strength of China mining machinery industry has gradually built a strong manufacturing system, and the pillar position in national economy is … But since the second half of 2008, the global financial crisis occured, China’s exports have suffered severe affect, mining machinery industry have changed for many years strong momentum of growth in exports, in 2009, exports appear first decline in 10 … — Fri, 26 Oct 2012 18:24:22 -0700

Germany not immune to eurozone

The depth of the eurozone recession was confirmed by closely-watched surveys which showed the region’s economy contracted at its fastest rate in 40 months, with the malaise spreading to Germany, its economic powerhouse. The gloomy monthly data came as the European Central Bank defended efforts to stem the region’s debt … Finance leaders to address global economic threats… China Q3 GDP growth seen slowing for 7th straight … Iran government likely to win battle of wills … — Fri, 26 Oct 2012 00:30:00 -0700
Now it’s one thing for guys like me to question the legitimacy of the high priests of finance who turn paper and electronic information into symbols for wealth that virtually everyone agrees with, it’s quite another thing entirely when these conversations migrate out … If the banksters wish to survive, they will quietly restore the global economy to health. … They say much of today’s economic problems in the EU are due to poor competitiveness and an inability to implement structural reforms. — Thu, 25 Oct 2012 22:14:00 -0700
South Africa’s poor performance, attributed by the authors of the report to slower global economic growth, was in sharp contrast to the rest of Africa, which saw a 5% growth in foreign investment. South Africa attracted $3bn in the first half of last year, but … Mr Harris called on Finance Minister Pravin Gordhan to use Thursday’s medium-term budget policy statement to table an “emergency plan” to restore investor confidence in South Africa. “Figures such as those in the Global Investment … — Thu, 25 Oct 2012 22:00:31 -0700
… blow when Myanmar’s president canceled plans for a massive China-financed dam and then announced a series of reforms that would free the country from Western sanctions and welcome it back into the mainstream global economy. — Thu, 25 Oct 2012 21:42:44 -0700
Today the U.S. and much of the world’s economies are operating under what I call Monetary Fascism: a system where financial interests control the State for the advancement of the financial class. This is markedly different from traditional …. On a global basis Friedman’s ideas heavily influence international treaties on taxation and capital flows with the single minded goal of freeing capital from any obligation to the host or origin country. These agreements have essentially created a … — Thu, 25 Oct 2012 21:08:30 -0700
He says the Caisse is in the vanguard of “like-minded” state-investment vehicles worldwide, which are providing welcome stability and liquidity in global markets following the 2008-9 financial crash. “A lot of capital that fled markets when stock … — Thu, 25 Oct 2012 21:06:58 -0700
The global economy is on life support and the best that can be expected for the next five to 10 years is to get out of the intensive care unit but not off the critical list. Slow growth, low interest rates, serious unemployment levels, …. To reach that figure, the barriers are not on the demand side; they are on the supply side, and in the lack of readily available green financial products that combine performance and security. How to make the change. Let me suggest some distribution of roles for … — Thu, 25 Oct 2012 20:38:01 -0700

Global finance

Warren Buffett appeared live on CNBC’s Squawk Box for a two-hour interview with Becky Quick. During their conversation, Buffett said there’s “no question” the global economy is slowing and he’s “salivating” for Berkshire Hathaway to make a … — Thu, 25 Oct 2012 00:07:00 -0700
Secretary Guevara noted that amid the global financial crisis, the tourism industry remains a lever of economic development and so the work of the UNWTO in Campeche is to identify mechanisms to boost tourism. The proceedings of the 94th … — Thu, 25 Oct 2012 00:00:16 -0700
Financing and initial public offering · Acquisitions and … It pointed to a slowdown in business investment and a high unemployment rate, adding that there was still vulnerability to strains in the global economy. “The decision to reaffirm their … — Wed, 24 Oct 2012 21:58:59 -0700
The forum will be held under the theme; “Inclusive Growth and Sustainable Development in Africa in an Age of Global Uncertainty”. Speaking to The New Times yesterday, the Minister of Finance and Economic Planning, John Rwangombwa, … — Wed, 24 Oct 2012 21:04:00 -0700
These “super entities” are the establishers of the real global economy. The connections devised in the study point to controlling groups that are networked throughout the world, and became the catalyst for global financial collapse. Merkel’s … — Wed, 24 Oct 2012 19:25:00 -0700
The World Economic Forum just released its annual Global Gender Gap Report 2012, and it does not look good for the United States, who took home the 22nd spot. The report, which first began back in 2006, tracks 136 countries and … — Wed, 24 Oct 2012 17:12:00 -0700

Global economy

Since the peak of the global financial crisis in early 2009, Germany’s economy has only contracted once, in the fourth quarter of 2011 when GDP fell by 0.1pc. Recent figures have shown that industrial out-put in Germany is still strong. — Wed, 24 Oct 2012 00:30:00 -0700
Notwithstanding the slowdown in global economic activity, prices for oil and other commodities produced in Canada have, on average, increased in recent months. Global financial conditions have improved, supported by aggressive policy … — Tue, 23 Oct 2012 19:34:41 -0700
President Obama, like his predecessor, has treated strategic economic cooperation with China as paramount, even as China remains the only country in the world to have a Nobel Peace Prize winner sitting in jail. … States still has huge leverage over China, but that leverage is shrinking: China needs our markets for its exports, it needs our technology, and, despite its own ambitions, it still relies on the United States to lead with respect to global financial markets and world politics. — Tue, 23 Oct 2012 19:26:52 -0700


Global economy

“The combined assets of the ECB and the Fed rose 220% from the start of 2008, as they injected more than $3.7 trillion of liquidity into the global economy. The IMF … The main concern of European authorities as indicated by the difference in spreads between the Itraxx SOVx 5 year CDS index and the Itraxx Financial Senior 5 year index has been trying to break that close relationship, expecting that the European Banking Union will finally break this relationship – source Bloomberg: … — Tue, 23 Oct 2012 00:20:00 -0700

From the headlines in Europe and the United States, one could be forgiven for believing that the global economy is sputtering through a debt crisis. The European Central Bank has only recently taken the break-up of the EU and a “Grexit” off … — Mon, 22 Oct 2012 22:06:12 -0700
This undermines the free market system and adversely affects economies world-wide. It may take years to recover from this economic crisis after flushing out the toxins from the global financial system. Unfortunately, the scandal unraveled just … — Mon, 22 Oct 2012 21:43:35 -0700
A quick look at a series of under-appreciated recent stories – a Sino-Japanese territorial spat’s real economic consequences and a drop in both global trade and cross-border lending – shows a world becoming less tightly integrated and a lot more economically … There are perhaps two key lessons about banking that national policy-makers and regulators have learned in the past five years, and both are arguably creating conditions less friendly to global financing and global trade. — Mon, 22 Oct 2012 21:32:01 -0700
Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Mon, 22 Oct 2012 21:23:00 -0700
A generation ago not a single country had laws to counter money laundering; now, more countries have standardized anti-money laundering (AML) policies than have armed forces. In The Money Laundry, J. C. Sharman investigates whether … — Mon, 22 Oct 2012 19:55:48 -0700
… Carstens at the U.S. Department of the Treasury on February 9, 2009 to discuss strengthening U.S.-Mexican economic and financial cooperation and to exchange views on the U.S. and Mexican responses to the global financial crisis. — Mon, 22 Oct 2012 18:56:11 -0700

Global finance

In July 1944, as World War II drew to a close, delegates from 44 Allied countries met in Bretton Woods, New Hampshire for the United Nations Monetary and Financial Conference to draw up plans for the management of the world economy in the aftermath of the most destructive war in history. …. Neoliberalism has been entrenched as the dominant ideology of the global economic regime and in recent years its most destructive policies have been turned back on the developed world. — Mon, 22 Oct 2012 01:00:38 -0700
The Global Financial Centres Index (GFCI) is a barometer which has been tracking movements in the competitiveness of financial centres around the world since 2007. James Smith wrote eloquently last week about London’s continued … — Sun, 21 Oct 2012 23:33:29 -0700
The upheavals of the early 21st century have changed our world. Now, in the aftermath of failed wars and economic disasters, pressure for a social alternative can only grow Seumas Milne The Guardian, Friday 19 October 2012 18.00 BST Culture shock … Continue reading → … Three weeks later, a second, still more far-reaching event threatened the heart of the US-dominated global financial system. On 15 September, the credit crisis finally erupted in the collapse of America’s … — Sun, 21 Oct 2012 22:47:58 -0700
TOKYO – (VNS) Japan posted its worst September trade figures in more than 30 years, official data showed on Monday, as the global slowdown and a territorial spat with China weighed on the world’s third-largest economy. Tokyo said its monthly trade deficit hit 558.6 billion yen (US$7.0 billion), reversing a year-earlier surplus of 288.8 billion yen, data from the finance ministry showed, as overall exports fell 10.3 per cent on-year. It was the first deficit for September since 1979, when … — Sun, 21 Oct 2012 22:17:11 -0700

Global economy

Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Sun, 21 Oct 2012 00:06:00 -0700
According to Global Finance and the CIA World Factbook, a snapshot of Venezuela’s economy looks like this: Unemployment rate= 8%; government (public) debt as a percent of GDP= 45.5% (by contrast: the European Union debt/GDP is … — Sat, 20 Oct 2012 22:00:06 -0700
The world’s major economies are struggling and their private-sector is deleveraging (paying off debt). If history is any guide, this deflationary process is likely to continue for several years. You will recall that heading into the global financial … — Sat, 20 Oct 2012 18:11:11 -0700