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News Link • Economy - International

Sinking ship or rising sun?

•, by Diamond Lil

According to the Asahi Shimbun, six of Japan’s utilities will release their largest net losses on record. The one utility which does not operate nuclear power will post a net proft.

The ten regional electric utilities in Japan are projecting a combined net loss of 1.5 trillion yen (about US 18 billion, in the fiscal year ending March 31.

Those of you who read with interest my article about Brunei and thought it was about Brunei, better read it again.

In the meantime, oil prices continue to barrel forward, on signs of a strengthening Chinese economy, according to Bloomberg, as the Chinese Purchasing Managers index rose to a one year high of 53.1 in March.

Oil prices have climbed over four percent in the three months ended March 30th, and May delivery was up 43 cents to 103/56 a barrel on the NY Merc electronic trading, and close to that at 8:35 AM Sydney

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