Tag Archive
China, Japan Tell Europe: “No Blank Check For You”
Remember all those daily rumors (prmarily courtesy of the FT) that either China, or Japan, or Europe itself would bailout Europe (yeah, don’t ask). Well we can put them all to rest…for at least a few more hours. Because in the battle of inverse counter disinformation, it is important to refute the… read full news… »
Yen rally weighed by SL, Fixing, China
The Japanese Yen rallied a few hours ago with no apparent reason. Speculative selling pressure intensified after a series of stop-loss orders were triggered around 80 yen reports Reuters, while Forexlive suggests larger-than-usual fixing flows. At last check, USD/JPY is still back under 80.00 aft… read full news Published: Wed, 08 Jun 2011… »
Iron Ore Ships As Steel Shapes Up – US-FOREX.US
Concerns about speculative buying continues to temper optimism regarding strengthening base metal prices as the market seeks to differentiate real metal demand from stockpiling and other conjectural buying. According to a recent report, one sector boasting solid demand is steel.Metal demand from China during the first half of the year bolstered steel demand, likely accounting… »
BHPs Upturn Plans – US-FOREX.US
Cost consciousness is paying off at BHP Billiton. While the mining industry is still licking the wounds from an up to 90% tumble in some metal prices and faltering growth in commodity-gobbling China, the Anglo-Aussie company is keeping its eyes peeled for acquisition opportunities. While investment in forthcoming projects would be its priority, “we do… »
BHPReady For The Upturn – US-FOREX.US
The past twelve months were never going to be pleasant for miners, with spot prices for metals falling by up to 90%, and commodity-gobbler China witnessing faltering economic growth this year, but all in all, BHP Billiton seems to have coped as well as it could have under the circumstances.Profits at the Anglo Australian firm… »
China Fires The Next Volley – US-FOREX.US
China fired another round in its ongoing trade dispute with Australia when it formally arrested four Rio Tinto employees it had accused of bribery and spying. Normal 0 false false false EN-US ZH-TW X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan;… »
Chinas Recession Isnt Over July Statistics Show – US-FOREX.US
TOKYO – The green shoots that some economists see peeking up through the recession may not be bamboo just yet. China’s economy continues to suffer, a raft of economic figures released for July reveal, but Beijing’s enormous 585 billion stimulus program seems to be catalyzing spending at home. “With the global recovery unlikely to be… »
Greedy Bankers Or Greedy Clients – US-FOREX.US
China is the kind of place where wealth can be made quickly. It is also where it can be lost overnight if you happen to be using the services of private bankers provided by some world-renowned international banks. This is the bitter lesson that Jacky Jin, a founder of a small internet company in Shanghai… »
China Where Poisoning People Is Almost Free – US-FOREX.US
HONG KONG – In addition to its cheap labor costs, China has another comparative advantage as the world’s factory: Companies often pay almost nothing to pollute China’s air, water and soil and to poison its people.Need pliant workers to handle toxic chemicals? Wages are just 2.60 a day. If the chemicals contaminate a town? Compensating… »
Chinas Largesse Helps Lenovo – US-FOREX.US
HONG KONG – Because half of the low-priced computers sold in China’s rural areas carried Lenovo’s label, the world’s fourth-largest computer maker managed to trim its losses in the quarter ending in June. Lenovo reported Thursday a net loss of 16 million for the three months through June, down from a profit of 110.5 million… »