Baltic States Warn Of Unfunded Debt Surge For Europe's Defense Splurge

China's Memory-Chip Challenger Faces A Test Of How Far US Curbs Can Reach ChangXin Memory Technologies is approaching a turning point. The Chinese memory-chip maker has advanced far enough to draw interest from some of the world's largest technology companies, including Apple Inc., which has considered using its chips. But the same growth that has raised CXMT's commercial standing has also made it a more prominent target in the widening technology confrontation between Washington and Beijing. The Pentagon has blacklisted the state-backed company over alleged links to China's military. In South Korea,...

Chinese Oil Demand Unexpectedly Soars, Sending Shanghai Crude Above $100, With Brent Prices Set To Follow One of the reasons why the price of oil failed to soar during the "actively kinetic" phase of the Iran war, when shipments through Hormuz were effectively halted and the world faced a shortage of about 10-15mmb/d, is that Chinese oil demand plunged. Whether due to a sharp slowdown in the economy (which after the sudden "recap" of China's banks appears very likely) or due to an aggressive drain of China's strategic reserve, the...

Post-Maduro Venezuela Wants Its $4BN In Gold Back From England Venezuela wants its gold back. And now with Maduro having been removed and Caracas being essentially a puppet of Washington influence and interests, it has a much better chance at this than ever before. Venezuela’s government and opposition are teaming up to wrest back $4 billion in gold bullion currently locked in the Bank of England’s vaults, according to a Friday report by the Financial Times. Bank Of England/Shutterstock A freshly issued joint statement confirmed they are actively working "to recover Venezuela's international...