In 2010, iron ore prices in India are set to soar by around 15-20%. This is apart from the rise Indian witnessed in Dec 2009 when the iron ore prices jumped by around 30 per cent. While the prices of iron ore with more than 64% ferrous content have already gone up from around $59-61 per tonne to $117 (free on board) per tonne, prices are expected to climb further by 15-20% in 2010.
Barring sugar, all other agri commodities have turned bearish since the beginning of the new year, providing much needed relief to consumers and policy makers. Prices of agricultural commodities have declined by up to 11 per cent since January 1 which analysts attribute to a downward turn in the global markets. Also, fresh arrivals, including pulses, have provided relief to the government.
Following the arrest of 21 diamond traders from India, mainly from Surat, the Gems & Jewellery Export Promotion Council (GJEPC) is mulling to pull out of the diamond cutting and polishing business in China. China had nabbed 21 Indian diamond merchants for alleged smuggling of diamonds from Hong Kong to China. External affairs ministry officials said the ministry will help the traders legally.
Mazda Motor Corp and Ford Motor Co will dissolve their joint venture in China by 2012, a move that would further weaken the tie between the two automakers, Japan's Nikkei business daily reported on Sunday.
Yahoo got pulled into a growing row between China and Google on Saturday, as its Chinese partner slammed Yahoo's statements supporting Google while a source revealed the search giant had stayed silent about cyber-attacks.
China's largest e-commerce firm Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google reckless.
China's largest e-commerce group Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google reckless.
Yahoo Inc knew it had been a target to sophisticated Chinese cyber attacks on U.S. corporations before Google alerted the company to them, a source familiar with the matter said, but chose to remain silent after its bigger rival went public.
Yahoo Inc was among the companies targeted by recent Chinese cyber attacks and had conversations with Google Inc about the attacks prior to Google's announcement this week, according to a person familiar with the matter.
China sought on Friday to play down a threat by Google Inc to quit the country on hacking and censorship concerns, but the United States said it will formally express concern over the cyber attacks the Internet search giant said originated in China.
Juniper Networks Inc said on Friday it was one of the victims of a cyber attack in China first brought to light by Google Inc, which has threatened to quit the country.
The United States will soon give China a formal diplomatic note expressing concern about cyber attacks that prompted Google Inc to threaten to pull out of China, the U.S. State Department said on Friday.
The U.S. State Department said on Friday it will soon give China a formal diplomatic message expressing its concern about cyber attacks that prompted Google Inc to threaten to pull out of China.
Suzuki Motor Corp is keen to take a stake in Volkswagen AG soon, as the European automaker looks for shareholders willing to sell to Suzuki, the head of the Japanese firm said on Friday.
Google Inc jolted investors and China this week by threatening to quit the Communist Party-run nation over censorship and hacking, and both sides are tight-lipped about what they expect to happen next.
A potential deep cut in feed-in tariffs in Germany will hit solar companies around the world and increases pressure on large players to reduce exposure to the world's largest photovoltaic market.
China's population of Internet users jumped by nearly a third to 384 million at the end of last year, an official report showed on Friday, days after Google threatened to retreat from the expanding market.
Chinese commercial banks' non-performing loans fell by 62.98 billion yuan to 497.33 billion yuan ($72.85 billion) in 2009, the China Banking Regulatory Commission said in a statement on Friday.
Chinese internet users, already the largest in the world, have grown even more to 384 million by the end of 2009, a Chinese research group said Friday.
China sought on Friday to play down a threat by Google Inc to quit the country on hacking and censorship concerns, saying any decision by the Internet search giant would not affect U.S. trade ties.
Shiseido Co Ltd , Japan's largest cosmetics company, has agreed to buy U.S.-based Bare Escentuals for $1.7 billion, as it looks to speed up its expansion and break into a new part of the North American market.
The United States has backed Google's decision to no longer support China's censoring of Internet searches and said the issue was of considerable economic importance as well as involving free information flow.
