China has again come under increasing pressure from the US to appreciate the yuan against the US Dollar removing the hard peg it has against the Dollar.The US Senate is also piling up the pressure against the Chinese by proposing sanctions such as import duties on Chinese imports.While the US Government had delayed any potential […]

Chinese¬† Cyber Attacks South Korea blamed Chinese sources for a Distributed Denial of Service (DDOS) attacks on its Government Websites.South Korea and North Korea have been on tenterhooks after South Korea found one of its warships sunk by a North Korean torpedo.China is a close ally of North Korea through Communist Party links and has […]

Masdar’s Amorphous Silicon Division in Trouble Masdar, Abu Dhabi owned Green Company plans to build a¬† Solar Thermal plant called “Shams 1″ near Abu Dhabi. Masdar PV has been in the news recently with the Dismissal of its top executives as its German Thin Film plant is facing trouble.Masdar PV sourced technology and equipment from […]

The Spanish government which moved quickly to cut its Fiscal Deficit following the Greek crisis is now facing a major challenge from the Spanish Unions.The government has cut public sector salaries and is trying to reform the rigid labor laws.The hand of the government has been forced by the Ratings Cut and high yields on […]

The G20 Meeting between the Financial Heads of the the G-20 Countries exposed the rift between the world’s 20 most important economies.The issue of fiscal deficits,exports and currencies were at the forefront of discussions .The sharpest difference was between US which wants Europe and other developed countries to increase domestic demand and the European countries […]

Eastern Europe moves to the spotlight Seems these days Friday equals to Red for the “Risky Assets”.Eastern Europe had moved to the periphery of world’s attention with the PIIGS in focus following the Greek Crisis.Greece came under huge pressure from the bond markets when news was revealed that it had apparently fudged government accounts to […]