CHINA

Late budget deal avoids costly shutdown

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President Barack Obama and congressional leaders struck a last-minute budget deal on Friday to narrowly avert a government shutdown that would have hit the economy and idled hundreds of thousands of workers.
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Deschert advising Norma group AG on IPO

International law firm Dechert LLP is serving as co-counsel to NORMA Group AG, a German-headquartered global industrial manufacturer and portfolio company of global private equity house 3i Group plc, on its initial public offering on the Frankfurt Stock Exchange.
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Bob Dylan

Bob Dylan performs for the first time in China

The legendary musician performed his first concert in the mainland China on Wednesday. He had to stick to a set list that was pre-approved by the government so it would not offend the nation's Communist rulers.
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Stock futures signal flat open; data eyed

Stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 trading little changed.
Bernanke testifies on Capitol Hill in Washington

Federal Reserve Must Implement QE3, Says NIA (FULL TEXT)

Gold is the world's most stable asset and the best gauge of inflation. The National Inflation Association (NIA) says this brand new breakout in the price of gold leads us to believe that the Federal Reserve is getting ready to unleash QE3 at the end of June.
Traders work on the floor of the New York Stock Exchange

World Market Update 04/06/2011

U.S. stocks pared earlier gains as energy companies’ shares declined after a higher-than-expected increase in petroleum inventories and Monsanto Co. shares declined as its revenue fell short of expectations.
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AMSC shares tumble as top customer rejects shipments

American Superconductor's shares plunged 44 percent on Wednesday, a day after the maker of electrical systems for wind farms said its largest customer refused to accept shipments, a move that could trigger a series of problems for the U.S. company.
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Oil hits fresh peaks on Middle East, weak dollar

Oil prices hit fresh peaks on Wednesday, rising to their highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate rise.
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Rio Tinto closes in on Riversdale, hits target

Rio Tinto is close to securing a majority of Riversdale Mining , after receiving acceptances ahead of its target level, just before a key deadline on its A$3.9 billion ($4 billion) bid.
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Oil at 30-month peak on Middle East, weak dollar

Oil prices hit fresh peaks on Wednesday, rising to highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an expected European Central Bank interest rate increase.

Column: Japan, supply chains and Adam Smith

Should the spreading economic aftermath of the earthquake in Japan cause us to unravel global supply chains that seem suddenly all too vulnerable to shortages and shutdowns? Adam Smith would say No. The philosophical founding father of globalization would urge us, not to undo our worldwide lines of supply for component parts and raw materials, but to improve them.

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