ECONOMY & MARKETS

3i posts interim profit, NAV rises 15 pct

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British private equity firm 3i Group Plc reported a profit and a rise in net asset value for the first half, and it lifted its interim dividend by 20 percent to 1.2 pence.
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New York City cab driver fills his taxi up with gas at Hess station in New York

QE2 inflates commodities, threatens 70s-styled malaise

QE2 is a rising tide that lifts all boats. The boats, in this case, refers to asset prices. Unfortunately, some asset rallies, particularly those in consumer and industrial commodities, are bad for the real economy,
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Odds stacked against peripheral Europe

Peripheral Europe faces waning public demand because of austerity measures, conditions that make exports difficult, and a banking sector that has not recovered well from the financial crisis. All this comes at a time when recovery is still fragile and the risks of a double-dip recession are real.
Huang Rixin, 78-year-old retired Chindese electronics engineer

China's aging population and its implications

China will have an aging population problem comparable to that of Japan and Western Europe in 30 years or so with perhaps important implications for elderly care and manufacturing.
A 'For Sale' sign is seen in front of an apartment building in Melbourne

Australia's real estate bubble

Australia's real estate market emerged relatively unscathed from the global financial crisis. But that doesn't meant there isn't a bubble, said Morgan Stanley's Gerard Minack.
Senior scientist Murat looks at DNA fingerprints of truffles at a laboratory of the INRA in Champenoux near Nancy

News galore at gene sequencing firms

Gene sequencing industry is getting hotter each day as many start-ups are going public and also many smaller firms are getting acquired by larger players.
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Speculative money drives record surge in wheat prices

Wheat prices exploded by an unheard of 6.34 percent on Monday, continuing a record surge of 38 percent in July, with even more speculators drawn by gloomy news even though the fundamental situation remains stable.

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