China's industries beset by overcapacity have entered a more favorable demand-supply balance, Deutsche Bank said on Tuesday. The bank estimated the cement industry would reduce its added capacity in 2014 by 35 percent while the steel ...
China's central bank reopened a US$29.98 billion offering of three-year bills meant to drain liquidity from the banking system in July, continuing a bias towards tightening, The Wall Street Journal reported. The People's Bank of China ...
Tags: China Bill, Tightening Bias
The sharemarket fell sharply yesterday as iron ore prices declined and strong jobs news cooled hopes of interest rate cuts. Employment jumped by 71,500 places last month, the Australian Bureau of Statistics said. Economists had expected a ...
Tags: sharemarket, iron ore prices, iron ore