Measures to Control Futures Speculations Ordered by China Securities to Major Commodities Exchanges: Reuters

Following a surge in prices sparked fears of a boom-and-bust cycle and with the aim of controlling speculative trading activity, China’s securities regulator ordered the country’s major commodity futures exchanges to take steps, reports Reuters quoting sources. Major institutional investors were ordered to rein in their trading by commodity futures exchanges in Dalian, Shanghai and…

SpaceX founders create microsatellite launching company Vector Space Systems

Vector Space Systems will specialize in launching microsatellites. Two founders of SpaceX have created a rocket startup which will specialize in putting microsatellites into orbit. Vector Space Systems has announced $1 million in angel investment to build launch vehicle systems specifically designed to put microsatellites into orbit. It is currently developing its first rocket –…