Chinese ghost cities

Housing prices in China almost tripled between 2005 to 2009 and residential housing investment as a share of China's GDP  also tripled, from 2% in 2000 to 6% in 2011.  The consultancy firm GaveKal says that after 10 years of under-supply,…

French credit rating slips to AA

French credit rating according to S&P (Standard and Poor’s), which nearly two years ago stood at AAA, first dropped to AA+, and has now fallen further to AA. Standard & Poor’s said that the French governments taxation reforms, as…