Buyers withdrew more copper from the London Metal Exchange’s global warehouse network on Wednesday than at any time since daily records began in 1996, extending a 19-day drop.
Authored by Peter Korzun via The Strategic Culture Foundation,
China and Russia are set to sign a milestone agreement in October on joint space exploration from 2018 to 2022, sending manned missions to the Moon for the first time.
The bilateral agreement will cover five areas including lunar and deep space exploration, developing special materials, collaboration in the area of satellite systems, Earth remote sensing, and space debris research.
On Monday, China’s government and president Xi blessed the merger between the country's top coal miner, Shenhua Group and China Guodian Group, one of the country’s top five state power producers, in a deal that will create the world’s largest power company, worth 1.8 trillion yuan, or $278 billion. Putting the sheer size of the two merged behemoths in context, the resulting entity will be the world’s second-biggest company by revenue and largest by installed capacity.
Authored by Cyril Widdershoven via OilPrice.com,
Authored by Christof Gisiger via Finanz Und Wirtschaft,
Anne Stevenson-Yang, co-founder and research director at J Capital, warns that the monster bubble in the Chinese housing market is ripe to pop and that the Chinese currency will crash.