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“If you have a deflationary shock, the only instrument that will perform will be government debt,” said Hendry, 39, whose Eclectica Fund returned 38 percent this year, putting it in the top 1 percent of 1,817 funds tracked by Bloomberg. “Inflation is going to be back some day. But forget the next 12 years; it’s [...]

The MIIT report said the telecom sector’s total revenue reached 679.79 billion yuan (US$99.5 billion) in the 10 months to October, up 8.1 percent from a year earlier. Total investment in the telecom sector reached 185.05 billion yuan in the first 10 months, up 9.9 percent year on year.

By the end of last month, China [...]

Consumers are now abandoning the asset-dependent spending and saving strategies they embraced during the bubbles of the past dozen years and moving back to more prudent income-based lifestyles. [More..]

WASHINGTON (AP)—Black Friday’s retail shoppers hunting for holiday bargains won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market.[More..]

Britain’s efforts to hold on to sterling are doomed to failure in a global economy dominated by powerful currency blocs, said Hong Kong’s leader Donald Tsang.[More..]

Sugar prices have not tumbled because the market is expected to shift from a supply surplus to a deficit this year and the shortfall looks likely to persist for several years. [More..]

Nov. 27 (Bloomberg)—The euro traded near a three-week high against the dollar as European stocks advanced for a fourth day and a report showed unemployment declined in Germany, the region’s largest economy. [More..]

Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world’s monetary system with liquidity, according to an internal client note from the US bank Citigroup.

The cost of shipping dry bulk commodities such as iron ore, coal and grains plunged to its lowest in nearly 22 years on Wednesday, as demand for raw materials in China and the rest of the world continued to tumble amid the economic crisis. More….

Nov. 26 (Bloomberg)—China’s central bank slashed its key lending rate by the most in 11 years, giving support to a 4 trillion yuan ($586 billion) spending plan aimed at sustaining growth in the world’s fourth-largest economy. More..