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Global Markets overview 09/03/2011

U.S. stocks ended higher on Tuesday, as oil prices eased to below $105 a barrel and financials rallied on upbeat profit forecast from the Bank of America.
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Traders work on the floor of the New York Stock Exchange

Global Markets Overview 08/03/2011

U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.
North Korean leader Kim Jong-il visits the Pyongyang Floriculture Institute

North Korea’s Appalling Food Shortage [VIDEOS]

Bad economy in most countries means the lack of benefits and job security for many and homelessness for a few. In North Korea, it means starvation/malnutrition for a substantial segment of the population.
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Stocks to open flat on oil uncertainty

U.S. stock index futures pointed to a flat open on Tuesday as more turmoil in Libya indicated a resolution was not close and a drop in oil prices failed to ease investor worry about the economic recovery.
Analysis: For China, new plan is a question of balance

China's Blueprint for Growth in the Next Five Years (SLIDESHOW)

It remains unclear whether Beijing's lofty rhetoric will achieve the desired results given political realities, the analyst says. Since reform and opening up of the 1970s, power has become increasingly decentralized in China meaning that the implementation of nationwide policy now necessitates a more prolonged process of consultation.
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World Market Overview 08/03/2011

U.S. stocks ended lower on Monday, led by declines from technology shares after Wells Fargo downgraded the semiconductors sector.
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Best Buy bets on inland China for growth

U.S. consumer electronics retailer Best Buy Co Inc said its retail strategy in China will focus on expanding its network into inland cities, where consumption is booming.
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IMF: Signs of overheating in emerging markets

Emerging market economies that powered the global recovery may be growing too fast for their own good as inflation pressures build, a top International Monetary Fund official said on Monday.
Qatar's Prime Minister Sheikh Hamad bin Jassim bin Jaber al-Thani and U.A.E. Foreign Minister Sheikh Abdullah bin Zayed al-Nahayan

Persian Gulf states support no-fly zone over Libya

The six Persian Gulf states have expressed their support for the establishment of a no-fly zone over Libya, while the U.S., U.K. and France try to hammer out an agreement with the United Nations for just such a measure.
Test hacks on WA govt agencies went undetected

Iran Quietly Allows YouTube Access

After 19 months, the Iranian government restored access to YouTube, roughly coinciding with the anniversary of the Islamic revolution.
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China urges other nations to accept rare earths position

Countries that have come to depend on China for large amounts of rare earths metals should understand that Beijing has environmental concerns for curtailing exports, the Chinese Commerce Minister Chen Deming said on Monday.

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