The city of Handan in Hebei province is the birthplace of Qin Shihuang, the first emperor of China. That illustrious history isn’t apparent today. Aging, coal-burning steel factories belch grime over the city of 1 million, one of China’s 10 most polluted.
(Bloomberg) -- The stage is set for another financial crisis to unravel years of relative calm in debt markets. At least that’s how firms from UBS Group AG to Invesco Ltd. see it. Here’s why: Prices in the world’s biggest bond market are swinging and the plunge in oil is sinking the economies of nations from Venezuela to Nigeria.
(Bloomberg) -- The oil boom last year was easy to see at the airport in Midland, Texas, the gateway to the biggest crude-producing region in the U.S. The 30 or so spaces for private planes were often filled.
"Warren Buffett’s decision to dump his stake in Exxon Mobil Corp. after oil prices plunged is pointing investors toward smaller, more nimble producers that will deliver higher returns during a market recovery."
At least two North American airports are hosting special events to celebrate the Chinese New Year, which this year falls on Feb. 19 and is the Year of the Ram (or the Year of the Goat, depending on how you
Saudi Arabia, the world’s biggest crude exporter, shipped 5.7 percent less oil overseas last year led by a decline in China, its biggest customer in Asia, in a sign the price rout did little to revive demand.
Danish authorities mounted a nationwide manhunt Saturday for a gunman who opened fire on a free speech seminar at a Copenhagen cafe in an apparent attempt to kill a Swedish artist who had published cartoons of the prophet Mohammed 8 years ago.
Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, once said. Add rising unemployment to the diagnosis, and his profession ascribes a rather non-technical term to the debilitating effect on people: misery.
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