Violent clashes over anti-Islam film in 3 nations
Source: seattletimes.com - Monday, September 17, 2012
Hundreds of protesters demonstrating against an anti-Islam film torched a press club and a government building in northwest Pakistan on Monday, sparking clashes with police that left at least one person dead. Demonstrations also turned violent outside a U.S. military base in Afghanistan and the U.S. Embassy in Indonesia.
| All Related |
Tensions rise between China and Japan
Source: www.ritholtz.com - Monday, September 17, 2012
The Australian Resources Minister, Mr Ferguson, reports that the global boom in commodity prices is over and that productivity must be improved. Commodities rose sharply following the recent announcement by China of a stimulus programme, but doubts as to its validity continue. In addition, QE3 by the FED and Draghi’s proposed bond buying programme has spurred commodity prices further. However, at the end of the day, its a supply and demand issue and with Chinese demand expected to decline materially, well……..In addition, commodity inventories in China are significant and Chinese buyers have been either deferring and/or defaulting on orders recently, clearly not positive. Mining companies are cutting back on their capex programmes, though a material rise in supply is already in the pipeline. Does not seem positive to little old me; Tensions rise between the China and Japan over the Japanese buying certain territorially disputed islands in the South China seas from their private Japanese owner. Mobs have burnt a Panasonic factory and a Toyota dealership in China. The Japanese manufacturer Cannon announced that it is to stop production at 3 of its 4 factories in China. China is Japan’s largest trading partner, whilst Japan is China’s third largest partner. Whilst China beat up the Philippines recently in a similar dispute, Japan is a very different ball game, though China is its largest trading partner. Chinese naval vessels conduct
All Related | More on China |
