Friday, September 6, 2013

North Korea Could Launch a Nuclear-Weapon Strike, South Says

North Korea has the ability to “weaponize” its nuclear technology and put a warhead on a missile, the South Korean Defense Ministry said, contradicting the U.S. position that the country is years away from gaining the technology.

Thursday, September 5, 2013

India's economic growth slowest since 2009

India's economy just can't seem to catch a break. The nation's gross domestic product -- the broadest measure of economic growth -- came in at 4.4% annual rate for the April to June quarter.

Wednesday, September 4, 2013

Japan unveils $470 million plan to stem Fukushima water leaks

The Japanese government on Tuesday unveiled a $470 million plan to stem radioactive water leaks at Fukushima, including freezing the ground underneath the stricken nuclear plant, as it pledged to lead from the front.

Tuesday, September 3, 2013

Sovereign Debt and Beyond: Toward a New Magna Carta?


Source: The Globalist
Alexander Mirtchev and Norman Bailey

The global debt burden appears to have gathered an unstoppable momentum, prompting divergent reactions. The world economy cannot count on growth to solve the global debt problem — and stimulus measures are not a sustainable solution. In the second installment in the series “The Search for a New Global Equilibrium,” Dr. Alexander Mirtchev and Dr. Norman Bailey explain why the solutions currently being offered are wholly inadequate to the scale of the problem, and argue the time is ripe for a “new Magna Carta” — a redefinition of the social contract among the government, Main Street and Wall Street.

Asia Pacific on Track For Another Record Year in International Visitor Arrivals

International visitor arrivals into Asia Pacific destinations have expanded at better than eight per cent over the first part of the year according to preliminary estimates released by the Pacific Asia Travel Association (PATA) today.

Monday, September 2, 2013

China's manufacturing sees hefty rebound in August

BEIJING: China's manufacturing sector posted a strong recovery in August, offering further signs that the world's second largest economy is walking out of the shadows of protracted slowdown, official figures showed today.

Sunday, September 1, 2013

Gold Output in Australia Increases in Second Quarter on Grades

Gold output in Australia, the world’s second-biggest producer, advanced in the second quarter on an increase in the amount of metal mined and higher ore grades, according to mining consultant Surbiton Associates Pty.