CHINA

IBTimes Logo

Australian Dollar Outlook 07/6/2010

The Australian Dollar was sold off two US Cents towards 0.8200 overnight and has subsequently traded below 0.8200 following reports out of Europe regarding Europe's debt crisis, which may have spread to Hungary.

Slowdown looming but no double dip

IBTimes Logo
The global economy looks likely to avoid a relapse into recession, although the next six months may be anemic, with three main causes for concern.

For stocks, angst over Europe, jobs

IBTimes Logo
U.S. stocks could face more pressure this week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.
More news
IBTimes Logo

AgBank IPO draft forecasts '10 net profit up 28 percent

Agricultural Bank of China , preparing for the world's largest-ever IPO, unveiled key financial figures on Friday, detailing plans to issue up to 47.6 billion new shares and forecasting a sharp rise in yearly net profit.
IBTimes Logo

Honda to resume China car production on Friday

Honda Motor Co said it will resume car output at four plants in China on Friday but the outlook for next week remains uncertain as some workers at a parts factory have not yet agreed to a full return to work.
IBTimes Logo

Chile raises 2010 copper view to $3.20 a lb

Chile's state copper think tank Cochilco said Friday it raised its forecast for copper prices to $3.20 per lb in 2010 despite the ongoing market volatility stemming from Europe's debt woes. Cochilco, which helps set price views for the world's top copper miner Codelco [CODEL.UL], said it also raised its 2011 average copper price forecast to $3.30 from $3.20.
IBTimes Logo

Deficit panel eyes another bite at healthcare

Concern over rising U.S. debt could force lawmakers to take another crack at reining in healthcare costs long before any promised savings from President Barack Obama's sweeping overhaul are realized.
IBTimes Logo

Sugar is white gold: Jim Rogers

Every investor is these days tracking the movement of the hottest commodity--gold. But renowned global commodities investor Jim Rogers says the hottest commodity around now is sugar. Saying that agricultural commodities are set for a big bull run, Rogers said that turmoil in currencies is turning people to commodities.
IBTimes Logo

Services growth shows signs of waning momentum

Growth in the euro zone services sector quickened in May, helped by a the recovery in France, but activity slowed in the big emerging economies and was stable in the United States, surveys showed on Thursday.
IBTimes Logo

S&P 500 flat as materials shares, caution weigh

The S&P 500 was little changed on Thursday, pressured by weak natural resources shares and tepid May sales by U.S. retailers, while caution before Friday's unemployment report pushed investors to the sidelines.
IBTimes Logo

Laos set for capitalist leap into stock market

Isolated for decades behind Asia's bamboo curtain, communist Laos will soon take a great leap into the global capitalist marketplace with the launch of a stock exchange to fuel a quiet mining and hydro-power boom.
IBTimes Logo

China imposes energy tax on Xinjiang producers

In an attempt to soothe public anger at the wealth of giant energy companies operating in Xinjiang, China has imposed a tax on oil and gas production in its Northwestern Province. The 5 percent tax in oil-rich Xinjiang, imposed Tuesday, is part of a development plan for the desert region, where ethnic tensions exploded into rioting last July that killed nearly 200 people. Earlier, Chinese president Hu Jintao said increased revenue from the resource tax should be focused on improving local people...
IBTimes Logo

Why China is not buying IMF gold

In the last few months, speculation has been rife in bullion markets around the world that China will be buying the gold that the International Monetary Fund (IMF) is disposing of these days. But is China buying the IMF gold? It looks, despite the hype about Chinese plans to amass gold reserves in place of the US dollar, the dragon country is not in a mood to buy gold from IMF.
IBTimes Logo

Geithner wants growth-friendly fiscal reform

Group of 20 nations must agree to put public finances back on a sustainable path but in a way that doesn't choke off global recovery, Treasury Secretary Timothy Geithner said on Wednesday.
IBTimes Logo

Ford to eliminate Mercury brand

Ford Motor Co will eliminate its Mercury brand which has seen sales and investment plunge in recent years, closing out a vehicle lineup created in the 1930s by Edsel Ford, the automaker said on Wednesday.
IBTimes Logo

Daily forex forecast 03/6/2010

For the second time in nine months the Reserve Bank of Australia left rates unchanged at 4.5% as expected and the Aussie fell as the RBA signalled policy makers may keep borrowing costs steady as 'the effects of earlier expansionary policy measures will be diminishing.'
IBTimes Logo

Ford says May U.S. sales up 22 percent

Ford Motor Co said on Wednesday its U.S. sales rose 22 percent in May for all of its brands from a year earlier and increased its second-quarter North American production plan by 15,000 vehicles.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.