Tag Archive
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… »
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 look… »
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.
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The four employees were formally arrested on charges of infringing on trade secrets and paying bribes, China’s Xinhua News Agency reported… »
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 smooth,… »
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 and… »
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 a… »
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 from the same… »
China Takes Its Iron Ore Buy To Brazil – US-FOREX.US
HONG KONG -
In a common Chinese bargaining tactic staged daily at markets and shopping malls, buyers usually pretend they are walking away if sellers refuse to offer a better price. The same strategy is now being used by Chinese steel mills to negotiate with tough Australian iron ore miners.
Chinese steel mills, at an impasse over… »
Chinas Questionable Cadres – US-FOREX.US
HONG KONG -
The credibility of the Chinese government has reached a new low: according to a new poll, Chinese people trust prostitutes more than they trust politicians.According to an internet survey jointly conducted by state-owned monthly magazine Xiaokang and China’s largest portal, sina.com
, Chinese netizens say that farmers, religious workers, sex workers, soldiers and students… »