Over-heating stock markets raise crash fears

The UK’s top professional investors think stock markets in the UK and US are over-valued raising fears of a crash

The number of investors who think the world’s leading stock markets such as the S&P 500 and the FTSE 100 are overvalued has reached its highest level yet, according to a survey of professional money managers completed by the CFA Society of the UK.

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China reportedly just bought 5% of Ukraine (but the Ukrainian partner denies it)

Update (9:21 a.m. ET): Ukraine’s KSG Agro released a statement today, Sept. 24, denying reports that it had reached an agreement to sell 3 million hectares to a Chinese firm. Hong Kong’s South China Morning Post had reported a deal between KSG Agro and China’s Xinjiang Production and Construction Corps, (XPCC) in which China would be able to farm the area for up to 50 years. The paper cited a statement from XPCC as the source of its report. Quartz and other media also reported on the story.

In its statement, the Warsaw-listed agricultural firm said that it is only working with its Chinese partners on a project to install drip-irrigation systems over an area of 3,000 hectares in Ukraine next year. “KSG Agro does not intend or have any right to sell land to foreigners, including the Chinese,” the statement posted on their website said. China’s XPCC could not be immediately reached for comment.

Original (September 23): China has inked a deal to farm three million hectares (paywall), or about 11, 583 square miles of Ukrainian land over the span of half a century—which means the eastern European country will give up about 5% of its total land, or 9% of its arable farmland to feed China’s burgeoning population. Continue reading

Report: Israel made sure no Russians in Latkia – then attacked

Lebanese station says Israel attacked stockpile of Russian Yakhont missiles only after ensuring no Russian experts were on-site. Another report: Senior rebel commander passed on information regarding missile stockpile to US

Even after US sources affirmed that Israel was the one behind the bombing of the Yakhont missile stockpile in Latkia, Syria, the whole story behind the attack on the anti-ship cruise missiles remains murky. Continue reading