Mr Biden is visiting China at the invitation of Mr Xi, as the Obama administration seeks to strengthen ties with the next generation of Chinese leaders.
Speaking in Beijing’s Great Hall of the People, Mr Biden said: “I am absolutely confident that the economic stability of the world rests in no small part on co-operation between the United States and China.”
Author: AdmaD
AdmaD is a seasoned professional in Forex trading with a background in financial services and investments. Previously associated with Dukascopy Bank SA Switzerland, studied forex trading, insurance, real estate, and mortgage banking and extends to alternative investment strategies, particularly in Gold and Silver Investments, IRA Rollover services, and Commodity Online Trading.
Investors lose a trillion dollars in one day
EW YORK (CNNMoney) — Investors lost a trillion dollars in the in the stock market Monday as the debt crisis in Europe, lackluster economic news and a downgrade to the U.S. credit rating spark fears of a double-dip recession.
The Wilshire 5000 Total Market Index, the broadest index of U.S. stocks, lost 891.93 points, or just over 7%, Monday. This represents a paper loss for the day of approximately $1.0 trillion.
GLOBAL MARKETS-Investors dump stocks after U.S. downgrade
NEW YORK, Aug 8 (Reuters) – U.S. stocks plunged on Monday
and investors fled to the safety of gold and bonds after the
downgrade of the U.S. credit rating by Standard & Poor’s stoked
fears the United States is slipping into recession.
Wall Street slumped as much as 6 percent by mid-afternoon
and European stocks hit a two-year low. A favored gauge of
investor anxiety spiked well above 40, a sign investors are
afraid of more declines to come. The CBOE Volatility Index
.VIX surged 41.9 percent at 45.40.
Investors were struggling to discern the effects of the
U.S. credit rating downgrade to AA-plus from AAA, which could
hit various components of the vast U.S. financial sector, from
mortgage lenders to municipal issuers and insurers.
Gold Hits $1,800
As gold topped a record $1800 on Wednesday, traders that are long gold [GCCV1 1751.50 -32.80 (-1.84%) ] began to get nervous that they were behind a trade that may not have any potential new buyers left. After all, a trade only keeps working if you can find someone else who wants that particularly security or commodity at a higher price.
First Investment in the Marijuana Industry
This gallery contains 2 photos →