Economics

ASEAN Promoting Business in Middle East

The embassies of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand and Vietnam will be organizing the fourth ASEAN Bazaar & Tourism Exhibition in cooperation with the Asian Cultural Network on Feb 27, 2010 at the Radisson Blu Hotel’s Al Hashemi ll Grand Ballroom.
The Ambassadors of the participating ASEAN countries will be on hand to [...]

Read More » No commentFebruary 25, 2010

GDP growth likely quickened in final quarter

The median forecast is for fourth quarter gross domestic product to quicken to an annual rate of 4.6 percent from 2.2 percent in the third quarter. Forecasts range from a growth pace of 3.5 to 7.5 percent.
The median forecast for final sales of domestic product — GDP minus change in private inventories — is for [...]

Davos delegates debates financial reforms, economic recovery +

The annual Davos confab opened its 1st day of discussions Wednesday focusing on how to improve the regulation of the financial sector to avoid future crisis, and if global economy could recover sustainably.
There is consensus that the global financial system needs to be better regulated, participants at the meeting differed on what changes might be [...]

BHP, Rio venture faces EU probe

BHP Billiton and Rio Tinto face a European Union investigation into whether their Australian iron-ore joint venture curbs competition.
Regulators will probe whether the deal between the world’s second- and third-largest iron-ore producers is a restrictive business agreement, the European Commission, the EU antitrust authority in Brussels, said in a statement today. It didn’t give a [...]

Bill Gates on China and the Web

Microsoft chairman Bill Gates says the internet needs to thrive in China as an engine of free speech.
Microsoft chairman Bill Gates says the internet needs to thrive in China as an engine of free speech and described official online censorship by Beijing as “very limited”.
Asked in an interview on ABC’s Good Morning America about [...]

US Banks prepare for battle over Obama reforms

The British government indicated over the weekend this it is unlikely that it will support the Obama reforms, banks have a chance in Davos and in US Congress to overturn the plan.

After the Democrats’ electoral defeat in Massachusetts last week, US President Barack Obama piled on both the substance of financial reform, and the rhetoric [...]

China Growth data fuels talk of world’s 2nd largest economy

Though China is still a developing country with a large number of poor, and low per capita GDP, the statistics chief said Thursday that the economic growth figures for last year suggest the nation is poised to overtake Japan as the world’s 2nd largest economy.

The gross domestic product rose by 8.7% year-on-year to reach 33.54 trillion Yuan (US$4.91T) [...]

ConocoPhillips trading moves to London

ConocoPhillips (COP.N), the third largest U.S. oil major, is reshaping trading and supply operations into a global organization it believes will be more efficient and profitable, the company announced on Wednesday.
The new global trading operation will be headquartered in London. The new global supply organization will be based in Houston. A few jobs will be [...]

Red’s Edge and in the Trenches

Weekly I hear from traders that a searching for The Secret to can’t miss trading. Like there is a answer to that Big Q!
Friends, there is no Secret, but there is something that will help. There are some good and valuable elements to implement.
Please note however, that there is no guarantee that any “Secret/s” work, [...]