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Finance & Markets

India Shuns Pomp In Favor Of Restraint at Subdued BRICS Summit

Three years ago, New Delhi put on a spectacle when world leaders descended on India’s capital for the Group of 20 summit. Colorful murals of Indian mythology adorned the city alongside elaborate statues, floral arrangements and welcome billboards featuring Prime Minister Narendra Modi.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Iron ore trouble spreads

You wouldn’t know it from headline prices, but iron ore is in trouble. Subtracting the $9, at least, to get to normal FOB prices, owing to shipping rates that are double the normal level, gives us…

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