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China to grow 10-11 percent this year: economist

China's economy will enjoy a strong, stable second half, putting it on course for full-year growth of about 10-11 percent, a leading government economist said in comments published on Monday.

Commodity Trends: Markets fall as China cools

Global commodity prices have begun to soften as China's economic juggernaut slows. The prices of steel, zinc and aluminium have fallen in the past three months. China's manufacturing sector growth rate has dropped to February 2009 levels, when global markets had just bottomed out after the Lehman impact. While absolute price levels still remain above the year-ago levels, the softening of commodity prices is expected to impact Indian companies in coming quarters.

Congo's tax review may help copper

Congo is one of the copper giants in the world and certain taxes levied by the government for copper exports have been worrying the exporters for quite sometime. But, things are changing fast now. Congo is now mulling changes in taxes levied on exports of semi processed copper and cobalt after appeals from business community which says illegal taxes are crippling sectors across the board.

Mining firms back with a bang

China is the biggest power house for all the mining companies in the world now. With the liberalization of the gold market, more and more mining companies are now focusing on China market. Recently, mining giant Rio Tinto announced that its profit doubled in the first half of the year due to the demand from China.

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East is the best for gold

India and China, the power engines of the East, are now the force behind the rising gold demand. If Chinese and Indian customers stop buying the yellow metal, the bullion market will collapse within days. So much is the power of rising middle class in China and India that they are rising in both number and percentage terms dramatically, as these nations are developing on every front.

Gold awaits US data, eyes higher finish

Gold prices advanced towards its biggest weekly gains in two months as traders await a key US data for more clues. Gold for immediate delivery was seen trading at $ 1195.43 an ounce at 12.00 noon Singapore time while U.S. gold futures for December delivery was at $1198 an ounce. on the comex division of Nymex

Oil steady near $82 before U.S. payrolls report

Crude oil prices were steady on Friday near $82 before a report expected to show U.S. employment declined for a second straight month in July, as investors watch for clues to the pace of economic and energy demand recovery.

Canadian finance chief's luxury problem

In a world of monster fiscal deficits, Canadian Finance Minister Jim Flaherty has a luxury problem: The strong economy is pushing up his currency.

BMW sees more than 30 percent rise in 2010 China sales

Germany's luxury carmaker BMW expects its China car sales to rise more than 30 percent this year, boosted by the country's robust economic growth

India's Mahindra may bid $400 million for Ssangyong

India's Mahindra & Mahindra is planning bid up to $400 million for troubled South Korean automaker Ssangyong Motor, sources said, as it seeks to become a major global utility vehicles maker.

China acts on property speculation, tests banks anew

China's banking regulator has ordered lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday.

China, the new gold's own country

Slowly China is turning into a Gold's own country. Till now India boasted of its unchallenged gold power with the farmers and most of the 1 billion people buying the yellow metal on any religious or special occasions.

Gold steadies near $1,200 as ETF holdings slip

Gold held steady on Thursday after drop in prices from a 2-week high spurred light buying from jewelers in Asia, but firm stock markets were likely to weigh while holdings on the ETF fell slightly. Investors await the release of more data from the United States, particularly the payrolls report, which will offer clues on the health of the economy. Friday's government report on jobs may show a drop of 65,000 in July as census jobs dried up.

Oil falls towards $82, capped by dollar and fuel stocks

Investors hold fire and eye ECB, BoE and U.S. jobs data

World stocks eked out small gains with European shares staying flat on Thursday as investors eyed meetings of the European Central Bank and Bank of England later in the session and Friday's U.S. jobs data loomed large.

Gold stays up on bargain hunting

Gold prices edged up in Asian trade Thursday but holdings on the ETF fell marginally. Gold for immediate delivery was seen trading at $1194.77 an ounce at 12.00 noon Singapore time while U.S. gold futures for December delivery was at $1,196.5 an ounce on the comex division of Nymex.

Japan trade minister says worried about yen rise

Japanese Trade Minister Masayuki Naoshima said on Thursday that he was worried about a recent rise in the yen as Japanese companies are facing currency risks.

Gold steadies near $1,200; ETF holdings slip

Gold held steady on bargain hunting on Thursday after prices slipped below $1,200 an ounce but firm stock markets were likely to weigh, and holdings on the ETF fell slightly. Investors await the release of more data from the United States, particularly the payrolls report, which will offer clues on the health of the economy. Friday's government report on jobs may show a drop of 65,000 in July as census jobs dried up.

Oil falls towards $82, capped by dollar, fuel stocks

Oil fell for a second day on Thursday, approaching $82, as dollar strength kept a lid on prices, neutralizing the effect of upbeat U.S. employment data and a drop in the nation's crude inventories last week. At the same time, U.S. stockpiles of gasoline and distillate fuels, including diesel, extended a string of gains, contributing to a mixed perception about the outlook for oil demand from the world's top consuming nation for the rest of the year.

Gold breaks $1,200 in sixth daily rally

Gold rose above $1,200 an ounce in Europe on Wednesday as a swell of fund buying put the price on track for its sixth successive daily gain. A soft performance on the global equity market and expectations for a rise in Chinese demand were early drivers to the day's rally, although U.S. private sector jobs data pushed up the dollar and diffused some of gold's safe-haven appeal.

China to invest $15 billion over 10 years for green autos: paper

The Chinese government will invest more than 100 billion yuan ($14.8 billion) to subsidize its fledgling environmentally friendly car industry over the next 10 years.

Chinese luxury wannabes try to shake off Made in China image

Billionaire investor Warren Buffett, often dubbed the Oracle of Omaha, has seen the future of fashion in the most unlikely of places, bearing a Made in China label better known for its cheap than chic.

China unveils gold revolution

Slowly China is beating India in gold business and the Dragon land is making considerable progress in the yellow metal trade. As part of its strategy to expand the gold business, China has allowed more banks to import and export gold.

Gold rises on weaker stocks and hopes for Asian demand

Gold rose above $1,190 an ounce in Europe on Wednesday, benefiting from softer appetite for assets such as stocks and hopes for a rise in Asian demand, though an ongoing dearth of safe-haven demand capped gains. Spot gold rose to a high of $1,197.05 an ounce, its strongest since July 23, and was bid at $1,194.95 an ounce at 5:37 a.m. ET versus $1,185.35 late in New York on Tuesday. U.S. gold futures for December delivery rose $9.60 to $1,197.10.

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