Posts Tagged ‘China’

Gold falls 2% as China tries to curb inflation

Gold prices fall two per cent after China moves to control rising inflation. View full post on Canada Business Stories

China to Tighten Limits on Rare Earth Exports

The reduction in quotas is the latest in a series of measures by Beijing that has gradually curtailed much of the world’s supply of rare earth minerals. View full post on Business Stories

Serbia Backs China’s Decision To Boycott Nobel Ceremony

AHN News Staff Belgrade, Serbia (AHN) – Serbia has supported Chinese decision to boycott Friday’s Nobel Peace Prize ceremony for dissident Liu Xiaobo, who has been in jail since the award has been announced. Speaking at Serbian B92 television, Serbian Foreign Minister Vuk Jeremic said that the decision was “not easy at all, and far [...]

China To Set Tight Monetary Policy

Linda Young – AHN News Writer Beijing, China (AHN) – China announced its intent to tighten its monetary policy in 2011 in a shift from relatively loose to a prudent stance, a sign that it might hike interest rates. In 2008, China responded to the global economic policy by loosening its then tight monetary policy. [...]

Commodities Prices Fall On Chinese Interest Rates Fears

Linda Young – AHN News Writer New York, NY, United States (AHN) – Commodities prices for precious metals, oil and agricultural raw materials took the hardest fall in 18 months on news that China might take steps to avert inflation. Prices of commodities futures fell by up to 3.8 percent on news that China’s central [...]

EU threatens to block Chinese bids for public contracts

Europe moves to block Chinese companies bidding for government contracts unless China reciprocates. View full post on UK Business Stories

President Obama Looks Forward To Expanding Exports During Asia Trip

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The Obama Administration is preparing to promote exports with “Made in America” brand from manufacturing sector during the upcoming presidential trip to Asia, officials told journalists on Monday. During his trip to Asia later this week, President Barack Obama would concentrate on opening [...]

Vietnam to help Japan on rare earths

HANOI : Vietnam will help to supply Japan with rare earth minerals used in high-tech products, leaders of the two countries said, as Japan looks to diversify supply after a spat with key provider China. View full post on Business Stories

China Stocks On Six-Month High On Profits, Commodities

Lawrence Mijares – AHN News Contributor Shanghai, China (AHN) – The Shanghai Composite Index advanced 76.38, or 2.6 percent, to 3,051.42 at the 3 p.m. close, the highest since April 16. The increase in profit is due to the continuous weakening of the U.S. dollar and rising commodity prices due to increased consumer demand where [...]

Analysis: G-20 words on currency must bring action

Finance ministers of the Group of 20 nations this weekend did no more than paper over the radically different views on currencies of the two main protaganists – the U.S. and China. View full post on Business Stories