Search Results for: china

China and Russia launching new credit rating agency in 2015

The new Universal Credit Rating Group (UCRG) is being set up to rival the existing agencies Moody’s, S&P and Fitch, and its first rating will be issued this year. The setting up of UCRG is in its final stages, ready to challenge the ‘Big Three’ that currently dominate the industry, …

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China’s central bank to inject $81b stimulus into top 5 banks

Chinese central bank

China‘s central bank is injecting 500 billion yuan ($81 billion) into the country’s five major state-owned banks as it moves to counter slower-than-expected growth in the world’s No. 2 economy, according to a senior Chinese banking executive. The move contributed to a rise in Asian markets early Wednesday, but falls …

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Hong Kong protests escalate as police use force

Protests Hong Kong

Hong Kong police have fired repeated volleys of tear gas to disperse pro-democracy protests and baton-charged the crowd blocking a key road in the government district after official warnings against illegal demonstrations. Student groups are spearheading a civil disobedience campaign along with democracy activists to pressure Beijing into granting full …

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China declares Australia a military threat over US war pact

John Kerry Australia war pact

China’s state-run media have declared Australia a threat to its national security, after Australia finalized a 25-year military pact with the United States. The United States currently has 1,200 troops from the Marine Corps and Air Force training with Australian troops for humanitarian and disaster relief. The defense agreement will …

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US and China accuse each other of cyber warfare

China cyber warfare

Security experts in the United States claim that a 12-story office building outside of Shanghai is the headquarters of a sophisticated hacking unit within the Chinese military established to attack computer networks in America and elsewhere. According to a report published Tuesday morning by a Northern Virginia-based information security company, an elusive …

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Chinese scientists unveil mind-controlled drone

mind control drone

Chinese researchers have unveiled a system that allows users to control drones with their thoughts. The technology was designed to help handicapped people, but could have ample applications in other fields as well. A video posted to YouTube by researchers at Zhejiang University shows how the system, called Flybuddy2, works. And …

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Open letter to the World Gold Council – Billionaire Eric Sprott

eric sprott

Dear World Gold Council Executives; As you very well know, the business environment for gold producers has been extremely challenging over the past few years. While demand for physical gold remains extremely strong, prices on the COMEX have fallen precipitously. This contradictory situation is the single most important obstacle to …

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Crisis spreads to China, Australia, Brazil, Canada, Sweden

Financial crisis

Earlier today, we posted an excerpt from IceCap Asset Management’s latest letter to investors focusing on the farce that is the Greek bailout #3. Which can be summarized simply by the following table… … and Keith Dicker’s assessment which was that “for Greece, it’s mathematically impossible to repay its debt” and that …

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Snowden seeks asylum in Iceland

Icelandic flag

Iceland has been informally contacted by an intermediary who stated that NSA leaker, former CIA contractor Edward Snowden, wants asylum in the Nordic island-state, Reuters reports. The difficulty though is that he is not in the country. WikiLeaks spokesman Kristinn Hrafnsson wrote in Icelandic daily Frettabladid that a middleman had …

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Germany joins China and Russia’s flight to gold

Gold bars

From Filip Karinja, for Birch Gold Group Germans are now rushing into gold. In search of a safe haven from a possible Greek debt default and the ultra-loose monetary policy of the European Central Bank (ECB) that makes even Ben Bernanke look fiscally conservative, Germans have significantly picked up their purchasing since …

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iRage: Apple’s FoxConn China plant damaged as riots resume

Following the riots at Apple’s FoxConn Chengdu plant in June, engadget is reporting that FoxConn’s Taiyuan plant – the scene of earlier strikes over salary disputes back in March – has suffered damage as workers riot. Police are on site to control the crowd and while the motive is not clear, it is …

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Clinton: Russia and China will ‘pay price’ for supporting Assad

Russia rejects in the strongest possible terms allegations that it supports President Assad in the Syrian conflict. US Secretary of State Hillary Clinton said Moscow and Beijing must ‘pay a price’ for backing Assad. “I do not believe that Russia and China are paying any price at all – nothing at …

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Japan’s ambassador to China dies amid rising anti-Japanese protests

The Japanese ambassador to China died in a Tokyo hospital after being admitted three days earlier. His death coincides with an escalation in anti-Japanese protests across China over a territorial dispute. The cause of ambassador Shinichi Nishimiya’s death is currently under investigation, Japan’s Ministry of Internal Affairs said. Three days …

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Dollar Value Rises As Trump Readies Additional Tariffs for China

The value of US dollar in the Forex market shot up significantly on Friday last week following Trump’s reported move to direct aides to proceed with imposing tariffs on China. This is despite attempts by Treasury Secretary Steven Mnuchin, to restart talks with China on the matter. That led to …

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Top Chinese general: Prepare for war with Japan

Senkaku Diaoyu Islands

China’s most powerful military leader, in an unusual public statement, last week ordered military forces to prepare for combat, as Chinese warships deployed to waters near disputed islands and anti-Japan protests throughout the country turned violent. Protests against the Japanese government’s purchase of three privately held islands in the Senkakus chain led …

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Cold War 2.0 heating up

An emerging foreign policy trend is Cold War II.  The US military/security complex, with help from Obama and Hillary Clinton, is working overtime to revive the profitable long-term stalemate of the Cold War that lasted four decades from the Berlin airlift to the Reagan-Gorbachev accord. During this long period Congress …

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Rare public demonstration in China

Protesters take to the streets of Qidong over industrial waste pipeline Riot officers called in after cars are overturned and government buildings are ransacked   These dramatic scenes show the moment a protester clashed with police in China as they were outnumbered by hoards of officers. Around 1,000 demonstrators marched …

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