Russia's rouble went into free-fall in Tuesday trading, falling repeatedly to hit record lows, despite the central bank's dramatic decision to raise interest rates from 10.5% to 17%. The rouble's slide this week was prompted by fears ...
Tags: Russia's rouble, durable goods
China's imports shrank unexpectedly in November while export growth slowed, fuelling concerns that the world's second-largest economy could be facing a sharper slowdown and adding pressure on policymakers to ramp up stimulus measures. ...
Tags: export growth, economy
Economists are calling for more proactive fiscal policies to counter the deepening slowdown in growth, as China's annual Central Economic Work Conference is set to start on Tuesday. The meeting, usually held in early December, sets the ...
China's top economic planner singled out on Wednesday seven areas for public-private partnerships to fuel the country's economic growth. The National Development and Reform Commission said the plan will be implemented as soon as possible. ...
Tags: economic growth, Private Companies
The average time taken for Australian businesses to pay their invoices has fallen to the lowest level since the third quarter of 2007, in further signs that operating conditions have strengthened this year and the business sector’s ...
Tags: Payment Times, Pre-GFC Levels
The "new normal" theory elaborated by Chinese President Xi Jinping would be one of the hallmarks to be engraved in history by the ongoing meetings of the Asia-Pacific Economic Cooperation (APEC) in Beijing. In his speech delivered to over ...
Tags: new normal theory, APEC
A new international think tank called the World Diamond and Jewellery Forum (WDJF) is being established, with the primary goal of providing the diamond and jewelry sectors with the broadest possible view and understanding of the challenges ...
TOKYO — The nation’s biggest electronics manufacturers are enjoying an earnings recovery, with Hitachi, Panasonic and Toshiba all posting sharp gains in April-June operating profits Thursday. More than 400 corporations listed ...
Tags: Japan, Electrical, Electronics
LONDON (AP) — Britain’s economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday. The Office for National Statistics said gross domestic ...
BEIJING (AP) — China’s finance minister said Wednesday that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy. Lou Jiwei said that leaders are satisfied with ...
Tags: China, Electrical, Electronics
Residents in Tangshan are very familiar with the concept of oversupply. A severe glut in the steel industry has put many jobs at risk in the northeastern Chinese city that counts the metal as one of its primary exports. But the oversupply ...
Tags: Housing Market, Crashing Down
Australian coal exploration company Stanmore Coal estimates that 40% of global seaborne-traded thermal coal production of roughly 800 million mt and 45% of internationally traded coking coal production of around 300 million mt is ...
Tags: coal exploration, thermal coal
Australia's New Hope Corporation Tuesday reported an 11.3% year-on-year fall in thermal coal production to 2.7 million mt in the half year ended January 31. The drop in production was attributed to the planned closure of its New Oakleigh ...
Muscat:Oman s cement companies are likely to benefit from a reduction in dumping by the neighbouring UAE producers and better demand for cement from within the country this year,said a top-level analyst. The Sultanate s two cement ...
Tags: Construction, Omani Cement, Cement
The January 2014 Australian Chamber of Commerce and Industry (ACCI) Survey of Investor Confidence reveals that despite some positive trends, such as sales and profitability continuing to rise off of a low base through the December quarter, ...
Tags: Service