Oil posts a weekly loss amid dour economic outlook, supply rise

Diversified giants pick up the slack in East Asia

"China may have already cornered most of the world’s physical gold supply."

Since 2007, China's demand for gold has risen 27% per year.

Police resort to use of water cannons and flare guns

In an unusual move, Chinese state-owned CNOOC and Canada’s Nexen Inc. (NYSE,TSX:NXY) have resubmitted notice of their potential deal to US regulators, which will reset the clock on Washington’s approval for the $15 billion energy deal.

Move will diminish dependency upon external iron ore sources

State Council expected to approve cancellation of annual coal contract system within weeks

Sugar daddy

Compared to the steelmakers, miners enjoyed a soft landing with profits down only 5.5%.