Indonesia slams brakes on multi-billion dollar Chinese high-speed rail collaboration thanks to tardy homework
A high-profile joint Chinese/Indonesian high-speed railway project in Indonesia has been delayed due to insufficient paperwork, announced the country's Transport Minister on Wednesday. Minister Ignasius Jonan revealed at a hearing of the House of Representatives that the transport ministry has been unable to issue permits for...
China’s GDP growth lives down to expectations at a 25-year-low 6.9 percent
On Tuesday the National Bureau of Statistics of China released much-anticipated data for the country's GDP growth. To virtually no one's surprise, 2015 was reportedly subject to the Middle Kingdom's lowest economic growth rate since 1990. Specifically, China's GDP grew 6.9% last year, a decline from the previous year's...
OPEC Crude Oil Plunges Below $30 for First Time Since 2004
The price of crude sold by OPEC members slid below $30 a barrel, the lowest level in almost 12 years, as turmoil in Chinese markets deepened the global commodities rout. The daily basket price of crudes produced by the 13 members of the Organization of Petroleum Exporting Countries fell to $29.71 a barrel on Wednesday, down...
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