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Miesiąc: grudzień 2010

China’s labor market: Valuable asset or economic albatross?

China’s labor market: Valuable asset or economic albatross?

Even as pundits sharply debate China’s economic future, most agree that much of it is riding on the stability of its working population. And depending on who you talk to, the Chinese labor market is either Beijing’s biggest asset or its ultimate albatross.

U.S. trade gap falls

U.S. trade gap falls

The trade deficit in the United States narrowed, according to the latest monthly data out Friday, though America’s largest trading partner, China, still exports far more than it brings in.

Chinese inflation spikes on food costs

Chinese inflation spikes on food costs

Higher food prices continue to be the main driver of inflation in China, raising the likelihood of an imminent interest rate hike as the country tries to reel in its red-hot economy.

Real estate speculator alert! Singapore is hot.

Real estate speculator alert! Singapore is hot.

Virtually every high-end Singapore real estate agent has an anecdote about the immense wealth of Chinese clients. China’s business elite is coming in flocks, they say, and buying in flocks as well. If one CEO ponies up for a $15 million abode, his buddies do the same.

Mexican oil may not be worth it

Mexican oil may not be worth it

Mexico appears set to allow foreign oil companies to operate on its soil for the first time in 72 years following a Mexican court ruling earlier this week. But while the news is being hailed as a major coup for the large multi-national energy companies, including ExxonMobil, Chevron, BP, Repsol, Eni and Shell, it remains to be seen if drilling south of the border would be in their best interest.

MasterCard website not working

MasterCard website not working

MasterCard’s corporate website was inaccessible Wednesday, but the credit card company would not confirm reports that it was the result of a cyberattack and insisted that its cards were still functioning.

Commodity rally cools down

Commodity rally cools down

Oil, gold and silver prices started out the session soaring for a second day in a row Tuesday. But commodities took a breather as the euro’s upward push lost steam.