The Australian dollar has fallen after China's finance minister Lou Jiwei said the world's second biggest economy would be unlikely to receive a massive stimulus this year. At 1700 AEST on Thursday, the local unit was buying 91.52 US ...
Tags: Australian dollar, Lou Jiwei
The ability of OPEC to influence the balance of crude markets is diminishing in the face of growing US oil production, with 2013 expected to be a rare instance of a year-on-year decline in the call on the producer group to maintain balanced ...
Tags: Chemicals
THE dollar was the best-performing currency in Asia yesterday, investors flocking to support the unit on news that China's economic slowdown in the second quarter was not as bad as some had feared. China's gross domestic product grew by ...
China’s real estate market remained strong in the first half of the year on healthy housing demand, despite government market controls and slowing growth, The Wall Street Journal reported. Data released by the National Bureau of ...
Tags: Real Estate Market
A massive energy farm planned near a Cumbrian village would be equivalent to the size of 40 football pitches. Fears have already been expressed that the proposed 72-acre solar energy park will be an eyesore that will drive tourists away. ...
Tags: Solar Farm, Solar, Energy
Chinese exports declined 3.1% year-on-year in June, while imports fell 0.7%, missing expectations of respective increases of 4% and 8%, Reuters reported. The month marked the first decline in exports since January 2012. Export growth is ...
Tags: Chinese Exports
The Chinese government has been busy probing Western firms this week. On Monday, the country announced it would investigate EU wine dumping into the Chinese market, an action that could see prices hiked on imported wine this year. On ...
Tags: Agriculture, Food
The demand made by the European Union (EU) to reduce import duty levied on European wine by the Indian government is sending jitters through the domestic wine industry. The Indian Grape Processing Board (IGPB) fears a cut in the duty would ...
Tags: Wine Industry, Import Duty
China's purchasing managers' index (PMI), a primary gauge of manufacturing growth, declined in June to the slowest reading in four months, Bloomberg reported, citing official data released today. The PMI declined to 50.1 last month from ...
Tags: PMI, manufacturing growth
Japan's Sharp said Thursday it will team with a large Chinese manufacturer to build a factory in Nanjing and mass-produce LCD screens for TVs, computers and tablets. Sharp said it will form a joint venture with China Electronics Corp. ...
Tags: Sharp, LCD Panel, Chinese Firm
On 4th June 2013, the European Commission imposed anti-dumping duties on PV products imported from China. The initial duty will be 11.8% on all Chinese solar products and will be effective for the period June 6 to August 6, 2013 and ...
Tags: Construction&Decoration, Solar, China
China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...
Tags: China, Investors, Banks, Financial System
Investors around the globe are on edge amid more volatility in financial markets as Wall Street attempts to wean itself off stimulus and fears intensify about China's banking system, sending Australian shares sharply lower to the point of ...
Tags: Investors, Wall Street, Financial Markets
More secret National Security Agency documents leaked by Edward Snowden to The Guardian suggest that the U.S. agency's British counterpart intercepts petabytes worth of communication data daily from fiber-optic cables. The operation ...
The All Pakistan Textile Mills Association (APTMA) has said that the textile mills in the Punjab province of Pakistan are likely to face further losses due to energy crisis in the sector. Spokesperson of APTMA said the electricity ...
Tags: Pakistan, Textile, textile mills