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China and U.S. Commence Trade Talks with $14 Billion in Deals, but Loose Ends Remain
The United States and China got their fourth round of economic dialogue off to a good start yesterday (Tuesday), with the announcement of $14 billion in business deals. However, several points of tension ranging from currency devaluation to investment restrictions must still be resolved.
Two delegations, one led by U.S. Treasury Secretary Henry Paulson and the other by Chinese Deputy Prime Minister Wang Qishan, met in Annapolis, Md. yesterday, kicking off a two-day summit set to ease tension and enhance cooperation between the two countries.
“The tone will be one of constructive engagement,†Paulson told the International Herald Tribune on Monday. “We’re going to…
18Jun2008 | Money Morning | Comments Off | ContinuedElection 2008: Obama or McCain – U.S. May Suffer Either Way
As Barack Obama closes in on the Democratic presidential nomination, investors should focus their minds around one uncomfortable fact: Whether it’s Obama or Republican John McCain who wins the White House, expect some policy changes that won’t sit well with investors – or with the U.S. economy.
This could make for several rough years for U.S. investments, underscoring yet again the importance of searching out profit plays overseas.
That’s why it’s crucial that we understand just what each candidate is likely to do should he reach office. Interestingly, there are three areas where the two presidential hopefuls seem to be in agreement.…
6Jun2008 | Money Morning | Comments Off | ContinuedThe Heart of Darkness: What’s Really Behind Asian Investment in Africa
As the home to 34 of the world’s 50 least-developed countries, Africa is the poorest and least-developed continent on the planet. It’s 11.7 million square miles of desert and jungle, with little in between.
Africa is malnourished, politically impotent, overrun with disease, and teeming with warlords, so it’s no surprise the typical life expectancy is 20%-30% below the global average.
Despite such a daunting outlook, Africa will be the most hotly contested battleground for the two of the world’s most influential powers over the next 50-100 years.
That’s because Africa has become a key economic priority for both India and China – the…
18Apr2008 | Money Morning | Comments Off | Continued
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