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The optimists say its rise is inexorable, creating wealth for businesses and investors worldwide. Pessimists predict a crash, with catastrophic consequences. But if there is one point on which everyone agrees, it is that all of our financial futures are intimately related to one country – China. In this special report, Financial Mail explains how the communist nation of 1.3billion people is poised to dominate this century – and what its rise [...] SAN FRANCISCO (MarketWatch) — Iceland. The mere mention of this rocky island outpost used to send chills down the spine of over-leveraged nations worldwide. No more. What was once the poster child for economic excess has emerged a role model for countries struggling to save their bacon in the global bond market. Fitch Ratings on Friday raised its credit rating on Iceland to BBB- from BB+. The move marks [...] |
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