US to become world's top oil producer by 2017

The United States will become the world’s top oil producer by 2017, according to the annual long-term report by the International Energy Agency (IEA). The US will surpass both Saudi Arabia and Russia, and will come close to achieving self-sufficiency... FULL STORY

China's Super Rich Flock Into U.S. Property Market

A young Chinese couple threw $34.5 million into a luxury mansion in Hollywood, making themselves a new neighbor of David Beckham, Jennifer Lopez and George Clooney.

News of the purchase sparked a flurry of speculation on the Internet that the young millionaire could be the son of Ning Gaoning, the former chairman of a state-owned Chinese conglomerate COFCO, as Ning is an uncommon family name among China’s bigwigs.

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CNOOC to buy Nexen for $15.1 billion in China's largest foreign deal

State-controlled CNOOC Ltd launched China's richest foreign takeover bid yet on Monday by agreeing to buy Canadian oil producer Nexen Inc for $15.1 billion, forcing Ottawa to decide whether security concerns outweigh its desire for foreign investment in its energy resources.

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Activists save Chinese dogs from cooking pot

Hundreds of dogs being trucked to Chinese restaurants were spared a culinary fate after about 200 animal lovers...

Source: www.breitbart.com

JAPAN ROCKED BY NEW 7.1 MEGA QUAKE

A magnitude-7.4 aftershock rattled Japan on Thursday night, knocking out power across a large swath of the northern part of the country nearly a month...

Source: http://news.yahoo.com

Earthquake: 10,000 people missing from town of 17,000

Half of the population of a Japanese coastal town are still unaccounted for as the death toll from the massive earthquake and tsunami looks set to rise…

Source: www.dailymail.co.uk

The End? Fed to purchase Billions in Securities....

The Fed said it will purchase roughly $75 billion a month in U.S. Treasury securities...

Yen drifts up as Japan silent and Asia stocks down

The yen drifted higher on Thursday, though the threat of Japan selling more of its currency loomed, while Asian stocks slipped from a near five-month...

Oil creeps above $72 after big fall on weak demand

Oil prices rose slightly to above $72 a barrel Wednesday in Asia after a steep drop the previous day...

China's Trade Surplus Widens, Adding Pressure on Yuan

China’s trade surplus widened to the highest this year and exports climbed more than estimated to a record in June...

Treasury Futures Snap Decline as Fed to Hold Rate at Record Low

By Wes Goodman..

Treasury futures contracts were little changed, snapping a decline from last week, as economists said the Federal Reserve will keep its benchmark interest rate..

source: www.bloomberg.com