How a Burst Real-Estate Bubble Threatens China’s Economy The Chinese real estate sector is teetering. The largest private Chinese developer has defaulted on its external bonds. Most developers are struggling to refinance their domestic bonds. Home prices have gone down for the last 11 months. New construction is down 45 …

Iran has successfully implemented advanced uranium enrichment program, with the first of its cascades of advanced IR-6 centrifuges operating at its Natanz underground fuel enrichment plant, Reuters first reported, citing a report by the United Nations nuclear watchdog, the International Atomic Energy Agency. The report comes as the world powers, …

The US dollar may be losing its dominance in the Middle East to the yuan. Egypt has decided to issue bond’s denominated in China’s currency, the yuan. Egyptian Finance Minister Mohamed Maait said at a press conference today that Egypt will issue $1.5 and $2 billion’s worth of the yuan-denominated …