Asia Economy news, Markets and Business Trends - Made-in-China.com

Construction Equipment Makers Are Looking Forward to Early Signs of Revival

Dec 19, 2012

After nearly a 2 year long lull, construction equipment makers are looking forward to early signs of revival of domestic mining and road construction sector. The revival has come at a time when construction equipment market in the rest of ...

Tags: construction equipment, domestic mining, road construction sector

Global Economy Will Go Through a Very Rough Time in The Next 2 Years

Dec 19, 2012

PTI cited Mr Kaushik Basu chief economist of World Bank as saying that global economy will go through a very rough time in the next 2 years and it is time for India to invest in infrastructure and soft sides of development. Mr Basu while ...

Tags: global economy, rough time, infrastructure and soft sides of development

Sharemarket Hit Fresh 17-Month High Today as US Lawmakers Inched Closer to a Deal

Dec 19, 2012

THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...

Tags: Investor Sentiment, fiscal, cliff problem

Shipping Firms Have Asked to Allow a Tax Free Bond Issue

Dec 19, 2012

Struggling for survival,shipping firms have asked the government to allow a tax free bond issue similar to the INR 5,000 crore infrastructure one for the ports sector. Mr Anil Devli CEO of Indian National Shipowners'Association said ...

Tags: tax free bond, Shipping Firms, government

Steel Product Orders Booked by Domestic Steel Consuming Sectors,,Increasing by 5.7%

Dec 19, 2012

According to the data released by the Japan Iron and Steel Association,steel product orders,including specialty steels,booked by domestic steel consuming sectors in Japan in October this year amounted to 7.26 million metric ...

Tags: Steel Products, Order, Japan Iron and Steel Association

Saudi Arabia's Monetary System Continues to Overflow with Liquidity

Dec 19, 2012

According to a report by the National Commercial Bank,Saudi Arabia's monetary system continues to overflow with liquidity as the monetary base for the fifth consecutive month,expanding by 16.4%and setting an all time record at SAR 334.9 ...

Tags: National Commercial Bank, Arabia's monetary system, SAMA Foreign Assets

Saudi Arabia and The UAE Are The New Entrants From The MENA Region

Dec 19, 2012

Arab News reported that Saudi Arabia and the UAE are the new entrants from the MENA region to Ernst&Young's Renewable Energy Country Attractiveness Indices,which scores 40 countries across the globe on the attractiveness of their renewable ...

Tags: MENA, Renewable Energy, Attractiveness Indices, markets

Saudi Arabian Raised SAR 9 Billion to Help Fund Its Future Projects

Dec 19, 2012

Reuters reported that Saudi Arabian Mining Company,Maaden,which has an aluminium JV with Alcoa,raised SAR 9 billion through an Islamic loan facility to help fund its future projects. Maaden in a bourse statement said that the murabaha ...

Tags: Maaden, Islamic loan facility, aluminium JV

Great Northern Iron Ore Properties Announced a Quarterly Dividend of December 17th

Dec 19, 2012

Great Northern Iron Ore Properties announced a quarterly dividend of December 17th. Stockholders of record,December 31st will be paid a dividend of USD 5.25 per share on Thursday,January 31st.This represents a USD 21.00 annualized ...

Tags: GNI, dividend, Stockholders

Odisha Found Itself in a Tight Spot Over The Role of Its PSU Odisha Mining Corporation

Dec 19, 2012

Business Standard reported that the Odisha government recently found itself in a tight spot over the role of its PSU Odisha Mining Corporation in excess production with the opposition pointing out that the state owned miner had extracted ...

Tags: excess production, OMC, coal Mining

PTI Reported The Total Mining Revenue Collection

Dec 19, 2012

PTI reported that the Department of Steel and Mines in the Odisha government registered collection of mining revenue worth INR 374.76 crore in November. This is lower than the target for the month of INR 382 crore. The sources said that ...

Tags: Steel, Mines, revenue, Odisha

TVI Resource Development Inc Completed Its 33rd Shipment of Copper Concentrate

Dec 19, 2012

TVI Pacific Inc announced that its Philippine operating affiliate,TVI Resource Development Inc completed its 33rd shipment of copper concentrate produced at the Canatuan mine,on December 13th 2012. 1.4,419 dry metric tonnes of concentrate ...

Tags: TVI Pacific, copper concentrate, Gross revenue

Taigang Stainless Steel Announced to Uplift Ex-Works Price for January 2013

Dec 19, 2012

Taigang Stainless Steel on December 17, announced to uplift ex-works price for January 2013, details are as follows: Grade Spec.(mm) Up/down Price CR 304(0Cr18Ni9) stainless steel coil 1.5-3.0 ...

Tags: Taigang Stainless Steel, Ex Works Price, VAT

Cosco Nantong Shipyard Has Bagged a USD 370 Million FPSO Order

Dec 19, 2012

Continuing its move into offshore Cosco Nantong Shipyard has bagged a USD 370 million FPSO order. Majority shareholder Cosco Corp said the order for the FPSO came from an undisclosed European owner and is schedule for delivery in June ...

Tags: Nantong Shipyard, FPSO, Order

The Present Per Capital Consumption of Steel in The Country Is 59 Kilogram in India

Dec 19, 2012

Mr Beni Prasad Verma Indian minister of Steel said that the present per capital consumption of steel in the country is 59 Kilogram He said that the rural market has been identified by the government as one of the areas where the potential ...

Tags: steel, potential consumption, rural market