06-19-2014, 02:17 PM
Eleven-year-old Lucy Li will become the youngest qualifier to compete at the US Women's Open when she tees off at Pinehurst on Thursday.
BBC Sport - US Women's Open: Eleven-year-old Lucy Li prepares to tee-off
China Investment Corp. (CIC), China's $650 billion sovereign wealth fund, is shifting some of its allocation to agriculture. "We believe the agriculture sector offers stability, a way of hedging against inflation and a device for spreading risk," CIC's CEO Ding Xuedong wrote in the Financial Times. "We are keen to invest more across the entire value chain—in partnership with governments, multilateral organizations and like-minded institutional investors—in areas that will help to unlock the industry’s potential, increase the food supply and offer attractive returns."
China's Latest Investment Pick: Agriculture, Food
In terms of oil, the important development is not ISIS’s gains, but the consequent Kurdish takeover of Kirkuk, where northern Iraq’s main oil fields sprawl. The Kurds had long aimed to become oil-thirsty Turkey’s suppliers. The problem was the government in Baghdad. Now ISIS, in its stupidity, has effectively helped its Kurdish enemies consolidate economically, and for good measure, have also stormed the Turkish consulate in Mosul. The Kurds’ takeover of the northern oil is likely to be emulated in the south by the Shiites, for whom the fields near Iran, from Rumaylah to Abu Ghraib, will be an economic bloodline as they confront the Sunni challenge they face. Ultimately, Iraq’s current turmoil can actually improve oil production, placing it in sectarian hands that will benefit most from its recovery, and secure it better than any foreign rule.
Iraq’s unraveling would be good for oil - Amotz Asa-El's View from Jerusalem - MarketWatch
As for Argentina, they mesmerised us in the first fortnight in 2006. And 1998. And 1994. Come to think of it, their slow start ought to be seen as a positive.
Increasing comfort with the outlook for China's economy will make emerging market equities the best performing asset class in the second half of 2014, according to financial services firm ING.
This asset class may be the superstar of the second-half
Here’s a radical idea to deal with the London house bubble from Rob Perrins, managing director of Berkeley Group, the upmarket housebuilder. Give London its own interest rate.
A game of mega-city states | FT Alphaville
U.S. multinational companies sidestep a whopping $90 billion in federal income tax annually, according to a study released this month by the Citizens for Tax Justice and the U.S. Public Interest Research Group. Some companies are so successful at skirting taxes that they end up making money from the government: 26 of the 288 profitable companies examined paid a negative tax rate over the five-year period from 2008 to 2012.
10 companies that are great at avoiding taxes - Slide Show - MarketWatch