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India, China soldiers involved in border altercation: Indian sources

India, China soldiers involved in border altercation: Indian sources
Written by James Malloy on 2017-08-16


Indian and Chinese soldiers were involved in an altercation in the western Himalayas on Tuesday, Indian sources said, further raising tensions between the two countries, which are already locked in a two-month standoff in another part of the disputed border.A source in New Delhi, who had been briefed on the military situation on the border, said soldiers foiled a bid by a group of Chinese troops...(Read More)

China's Xi reportedly told Trump in phone call: A peaceful resolution is needed for North Korea nuclear crisis

China's Xi reportedly told Trump in phone call: A peaceful resolution is needed for North Korea nuclear crisis
Written by James Malloy on 2017-08-13


The North Korean nuclear issue needs a peaceful resolution, Chinese President Xi Jinping told U.S. President Donald Trump in a telephone call on Saturday, and called on the "relevant side" to exercise restraint, state television said.According to a White House statement on the call, the two leaders agreed that "North Korea must stop its provocative and escalatory behavior."Trump issued a new threat...(Read More)

As Donald Trump threatened North  Korea with 'fire and fury,' Justin Trudeau quietly got an imprisoned Canadian released

As Donald Trump threatened North Korea with 'fire and fury,' Justin Trudeau quietly got an imprisoned Canadian released
Written by James Malloy on 2017-08-10


While U.S. President Donald Trump was threatening North Korea with "fire and fury" as tensions between the two countries escalated Tuesday night, Canadian Prime Minister Justin Trudeau was taking a quieter line with Pyongyang—with great effect. His envoy achieved Canada's objective to secure the release of one of its citizens held in North Korea for the past two and a half years.State-controlled...(Read More)

Venezuela repels 'terrorist' attack from anti-government forces

Venezuela repels 'terrorist' attack from anti-government forces
Written by James Malloy on 2017-08-07


Venezuelan authorities suppressed a small rebellion at a military base near the city of Valencia on Sunday, arresting seven men who they say participated in a "terrorist attack" against the government of unpopular President Nicolas Maduro.Earlier on Sunday a video circulated on social media showing a group of men in military uniform announcing an uprising in the wake of the creation of a pro-government...(Read More)

Euro poised for even bigger rally against the dollar, if past patterns hold

Euro poised for even bigger rally against the dollar, if past patterns hold
Written by James Malloy on 2017-08-04


The euro seems poised to rally to much higher levels against the U.S. dollar over the coming years, especially if history is any guide and forward macro-politics provide any impetus.For the last two and a half years the dollar has traded in a tight range between 1.05 and 1.15 to the euro. I believe the recent breakout above 1.15 portends major upside for the euro.Looking back over the longer term,...(Read More)

Caixin China manufacturing PMI for July hits 4-month high of 51.1, tops expectations

Caixin China manufacturing PMI for July hits 4-month high of 51.1, tops expectations
Written by James Malloy on 2017-08-01


Despite concerns about slowing growth in China, a survey focused on small and mid-size businesses topped expectations on Tuesday due to a solid upturn in new export orders, Caixin/IHS Markit said in a press release.The Caixin China manufacturing PMI for July came in at the four-month high of 51.1, topping a Reuters analyst poll of 50.4.In June, the Caixin manufacturing PMI came in at 50.4, up from...(Read More)

The two top places where WPP will be putting ad dollars this year, according to CEO Sorrell

The two top places where WPP will be putting ad dollars this year, according to CEO Sorrell
Written by James Malloy on 2017-07-29


Despite the stock market rally, technology and pharmaceuticals are the main sectors actually chalking up growth, said advertising and public relations company WPP's CEO, Sir Martin Sorrell."Growth is there, but it's in limited sectors of the economy despite what the stock market is saying," Sorrell told CNBC's "Squawk Box" on Thursday.The advertising guru said most growth is coming from technology...(Read More)

For China's global ambitions, 'Iran is at the center of everything'

For China's global ambitions, 'Iran is at the center of everything'
Written by James Malloy on 2017-07-26


When Zuao Ru Lin, a Beijing entrepreneur, first heard about business opportunities in eastern Iran, he was skeptical. But then he bought a map and began to envision the region without any borders, as one enormous market."Many countries are close by, even Europe," Mr. Lin, 49, said while driving his white BMW over the highway connecting Tehran to the eastern Iranian city of Mashhad recently. "Iran...(Read More)

Israel considering infrastructure spending to close gap and boost productivity

Israel considering infrastructure spending to close gap and boost productivity
Written by James Malloy on 2017-07-23


Israel is waking up to its dramatic shortfall in infrastructure compared to most developed economies and a potential increase in spending is bound to offer the private sector a raft of new opportunities.This week (Monday) the government announced the formation of a committee that will issue recommendations on infrastructure spending by December. And one of the country's economic institutes linked...(Read More)





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