By Robert Anders:Tomorrow morning (Wednesday December 12), Joy Global Inc, (JOY) reports Q4 earnings. Sales for the mining equipment manufacturer and servicer are typically tightly correlated with the demand expected in emerging and developed markets for natural resources including coal, copper, and iron ore. Through its subsidiaries and partners, the firm meets the machinery demands throughout the global mining industry.
By Paulo Santos:Lately, I have been writing a series of articles on how China is about to hit several different markets. Starting with a general overview of China's slowdown, I then extrapolated the coming effects on the steel industry.
Michael Johnston submits:IndexIQ rolled out the latest ETF offering exposure to oil companies today, debuting the IQ Global Oil Small Cap ETF (IOIL). The new ETF will be the first exchange-traded product to offer exposure to global small-cap companies engaged in the oil sector, including areas of exploration and production, refining and marketing, and equipment, services and drilling.
All economic data are best viewed as a peculiarly boring genre of science fiction, but Chinese data are even more fictional than most. Add a secretive government, a controlled press and the sheer size of the country, and it’s harder to figure out what’s really happening in China than it is in any other major economy.
By Stenvall Skoeld & Co.:
Q2 2012 was another terrible quarter for the global telecom equipment industry. China's Huawei, the last of the leading firms to report, posted a 22% percent decrease in net profits for H1 2012. Huawei's local rival ZTE (ZTCOY.PK) published preliminary half-year profits that were down 60-80% year-on-year.
By Matthew Miller and Umesh DesaiBEIJING/HONG KONG (Reuters) - China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.