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Asia shares, currencies hit as yields jump on Fed – Reuters

August 22, 2013

By Wayne Cole SYDNEY | Wed Aug 21, 2013 8:45pm EDT SYDNEY (Reuters) – Asian markets took a spill on Thursday after minutes from the Federal Reserve’s July policy meeting showed it was still on track to start tapering stimulus as early as next month, sending Treasury yields to two-year highs. Wall Street stocks sold […]

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Is it time to play the ‘nearshoring’ boom? – Citywire.co.uk

August 21, 2013

A series of leading fund managers believe the trend towards onshoring and nearshoring production back from emerging to developed markets has much further to go. Onshoring is being driven by a combination of factors, not least rising wage inflation and declining competitiveness in emerging markets, while a number of developed nations are also benefiting […]

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Pound Euro Exchange Rate (GBP EUR) 0.25 pct Higher Thanks to CBI Industrial … – Pound Sterling Live

August 21, 2013

Pound Euro Exchange Rate (GBP EUR) 0.25 pct Higher Thanks to CBI Industrial Trends – “Continual good news from the UK manufacturing sector” Details Published on Wednesday, 21 August 2013 10:37 Written by Sam Coventry The British Pound has advanced against the Euro on Wednesday morning to recover a good portion of the losses registered […]

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How Nearshoring Aluminum Fabrications, Copper Tube Cuts Price Risk – MetalMiner

August 21, 2013

We’ve discussed what US buyers should know about sourcing from Mexico vs. China, and how Mexico is quickly closing the cost cap for machined components with sourcing expert German Dominguez. Behold, the conclusion! German will speak on Day 3 of our upcoming commodity risk conference. MetalMiner: Can you give us an example of an actual metal category […]

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Markets Live: Upbeat ahead of Fed minutes – Sydney Morning Herald

August 21, 2013

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Jeremy R. Hammond: US Should End Criminal Sanctions Regime Against Iran – Fars News Agency

August 21, 2013

According to Jeremy R. Hammond, even the US intelligence community has confirmed and verified that Iran’s nuclear program is peaceful and there has not been any single IAEA report indicating diversion in Iran’s nuclear activities; however, the United States and some EU members are adamantly insisting that Iran has a plan to develop nuclear weapons, […]

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Markets Live: Banks lift bourse – Sydney Morning Herald

August 21, 2013

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Markets: Is the Asian miracle over? – Business Spectator

August 21, 2013

India and UK upgrading grids for renewables, SolarCity acquisition to target 1m solar customers, EUAs trading in band of 4.30-4.50 euros. Source Article from http://www.businessspectator.com.au/article/2013/8/21/markets/markets-asian-miracle-over

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Biggest automaker’s profit soars 93.6percent – BusinessDay

August 21, 2013

Toyota Motor Corporation said its net profit soared 93.6 percent in the three months to June and stated that it was on track to produce more than 10 million vehicles worldwide this year. Net profit almost doubled to a record $5.64 billion for the three months to June. Meanwhile, […]

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USA – America’s Biggest Companies Continue To Move Factories Offshore And … – Foundry-Planet.com

August 20, 2013

20.08.2013 Despite a lot of talk and articles written about reshoring — bringing production back to the United States — offshore outsourcing of manufacturing and service-sector jobs to foreign nations continues to plague the American economy. Hundreds of major American corporations are shipping thousands of jobs […]

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