BEIJING, July 4 - China's steel industry body is still looking for a lower iron ore price in negotiations with key suppliers, the president of Baosteel said on Saturday, adding that the nation's production was running high in July . Xu Lejiang of
Financial news and analysis on forex, stocks, markets, commodities, cfds,
Saturday 04 July 2009
A subdued presidential campaign: June was the month of a rather lackluster presidential campaign.And with many voters being reasonably familiar with the presidential candidates' profiles and views, many focused on the vice-president hopefuls.Prabowo
PT Bumi Resources, Asia's largest thermal coal exporter, is setting aside an annual US$50 million budget for expansion and diversification into the development of non-coal mining activities.Bumi senior vice president for investor relations Dileep Sr
State toll road builder and operator PT Jasa Marga expects to finally commence the construction of a cluster of new toll road projects in the third quarter of 2009 after many delays, especially in respect of land clearance.President director Frans S
BEIJING, July 4 - China's massive economic stimulus plan has launched some projects that are wasteful, possibly making it hard for investors involved to repay bank loans, China's central bank chief said on Saturday . 'Some projects may be too wast
BEIJING, July 4 - China's largest foreign exchange bank, the Bank of China, has reached a yuan trade settlement agreement with HSBC bank in Hong Kong, taking advantage of new rules allowing such deals . Under rules announced this week, foreign ban
The China Daily reported on Saturday that Shanghai's bull will sit on the city's famous Bund riverfront, across from the Pudong financial district, weighing 6 metric tonnes, compared with Wall Street's 3.2 tonne beast. Xin Yaqin, an official in Shan
BEIJING, July 4 - Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York . The China Dai
BEIJING, July 4 - The President of China's biggest commercial bank, ICBC, said on Saturday he had not heard of proposals for China Mobile to buy into the bank . China's state asset watchdog has been encouraging China Mobile, the world's biggest mo
TOKYO, July 4 - -Toyota Motor Corp plans to start mass producing plug-in hybrid vehicles in 2012, with a projected first-year output of about 20,000 to 30,000 units, the Nikkei business daily reported on Saturday . Toyota has said it would start l
BEIJING, July 4 - Some projects in China's massive stimulus plan are wasteful and it may prove hard for investors involved to pay back bank loans, China's central bank chief said on Saturday . Zhou Xiaochuan, the governor of the People's Bank of C
By Yereth Rosen ANCHORAGE, Alaska, July 3 - Sarah Palin, the brash, deeply conservative governor of Alaska who crashed onto the U.S national political scene last year as the Republican candidate for U.S vice president, announced abruptly on Frida
Global private equity firms Kohlberg Kravis Roberts KKR.UL, MBK Partners and Affinity Partners are among the bidders for AIG unit Nan Shan Life, the Chinese-language Economic Daily News said, quoting identified sources. The report comes a day after
After delays due to last-minute technicalities and price, Papua’s massive Tangguh project will ship its first Liquefied Natural Gas (LNG) cargo bound for South Korea as early as this Saturday, a senior ministry official says.The Energy and Mineral R
TAIPEI, July 4 - About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion . Global private equity firms Kohlberg
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