Some investors in India look to the stars for stock advice
The 2008 financial crisis gutted Girish Kumar’s portfolio value by 90 percent. So much for technical and fundamental analysis. The 42-year-old textiles businessman from Jaipur turned to astrology, and now he says the stars guide him to a profit every month.
EU requests WTO panel on Chinese duties on steel tubes
The European Union has asked the World Trade Organisation to rule in a dispute over Chinese anti-dumping duties on imports of high-performance stainless steel seamless tubes from the EU.
China could target oil firms, telecoms, banks in price probes
China's powerful price regulator could target the petroleum, telecommunications, banking and auto sectors next in its investigations into violations of the country's anti-trust laws, state media quoted a senior official as saying.
Asia's great investor rotation flows to North from South
Alongside the great rotation from bonds to equities and from emerging to developed markets that has been 2013's overriding investment theme, Asia is seeing its own migration in portfolio flows: from the South to North.
PetroChina to join Exxon at giant Iraqi oilfield
China's biggest energy firm PetroChina (0857.HK) will join Exxon Mobil (XOM.N) in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil (LKOH.MM) to buy into a second project at the field, industry sources said.
China says in no hurry to sign South China Sea accord
China is in no rush to sign a proposed agreement on maritime rules with Southeast Asia governing behavior in the disputed South China Sea, and countries should not have unrealistic expectations, the Chinese foreign minister said on Monday.
Russia gives Snowden asylum, Obama-Putin summit in doubt
Russia rejected U.S. pleas and granted American fugitive Edward Snowden a year's asylum on Thursday, letting the former spy agency contractor slip out of a Moscow airport after more than five weeks in limbo while angering the United States and putting in doubt a planned summit between the two nations' presidents.
China reiterates opposition to U.S. sanctions on Iran
China, Iran's largest trading partner and top oil customer, repeated its opposition on Friday to tougher U.S. sanctions on Iran after the House of Representatives approved a bill aimed at halting Iran's oil exports.
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