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Economy

China Moves Push Global Shares Toward Five-Year Highs

REUTERS

Worldcrunch

BEIJING- Share prices across global markets advanced towards five-year highs on Tuesday, as China's made efforts to avoid a hard landing for its slowing economy, Reuters reports.

Local media in China reported that the government was looking to increase investment in railway projects to reduce gluts in steel, cement and other materials, as it aims to ensure annual economic growth does not sink below 7%.

"Managing to keep growth above 7% will certainly be viewed as a positive stance," IG Markets analyst Alastair McCaig told Reuters. "But they really have only five months to prove their words are worth their weight."

[rebelmouse-image 27087188 alt="""" original_size="320x240" expand=1] Photo: Rick Harris

Newfound confidence in the Chinese economy's ability to rebound, and bring the rest of the world with it, also helped push shares higher in Europe through midday trading, mirroring record gains on Wall Street on Monday.

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Geopolitics

End-Of-Regime Vibe? Supreme Leader Keeps Referring To Shah's Final Days

The Supreme Leader of Iran has been frequently referencing the end of Iran's last regime in 1979. Is it a sign the country is indeed approaching another kind of revolution.

photo of Supreme Leader ali Khamenei

Iran's Supreme Leader al Khamenei on Jan. 9

Office of Supreme Leader via ZUMA
Kayhan-London

-Analysis-

Iran's Supreme Leader Ayatollah Ali Khamenei has ordered his forces to clamp down with renewed vigor on the remains of the mass protests that erupted across Iran in mid-September. Initially a reaction to police brutality, these turned into the biggest anti-state protests of the Islamic Republic's 40-year history.

And they continue, in spite of thousands of arrests, more than 500 deaths on the streets and in custody, and four hangings. There was also outrage in Britain and across the world after the execution of British-Iranian Alireza Akbari, who had been sentenced to death.

All of this has angered the leader. In a speech in Tehran last week, Khamenei called the protests "treason" aimed at destroying Iran's "security, production of knowledge, economic output and tourism."

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