If America’s Good Days Are Over, So Are China’s

(Source: Forbes) – “Be careful with what you wish f0r,” goes an old saying. “Because when it comes true, it may not be good for you.”Everyone who follows closely US-Chinese economic relations cannot help but be puzzled by China’s bold statement, after the...

Sanctions Trap Billions of Iran Petrodollars in Korea

(Source:Reuters By Cho Mee-young and Yoo Choonsik) – Iran could have nearly $5 billion of cash trapped in South Korea by the end of the year as sanctions stop it repatriating money from oil sales, Korean government sources with direct knowledge of the situation...

China Halts Offshore Yuan Borrowing to Tighten Policy

(Source: Reuters) – China’s central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a time when the authorities are still tightening policy to battle...

European Shares Slip as Banks Fall

LONDON, July 25 (Source:Reuters By Joanne Frearson) – European shares fell on Monday, led by banks hit by concerns over a possible default in the United States and by a downgrade of Greece’s sovereign debt by ratings agency Moody’s.    The STOXX...