The longest stretch in over two years, Asian stocks continue to gain, providing increasing confidence in the region. While China's Wen Jiabao announced a significant drop in growth to 6.1 percent this year, officials like Zheng Xinli say this may be the bottom. And it may be, as stocks rally ...
China's Ministry of Commerce announced the Chinese government has filed a complaint to the WTO about the nature of a US ban on Chinese poultry. The US Senate Tuesday passed an act which included a ban of chicken parts from China. The Chinese government claims this ban violates global commerce ...
Despite global slowdown in demand for iron ore, China has imported 131 million tons in the first quarter, up 18.8% from last year. As Japan, South Korea and China engage in price negotiations with BHP Billiton, Vale and Rio Tinto, it appears that iron ore prices will drop 30%, 50% ...
With one of the world's largest refueling centers for CNG, and government rebates for greener cars (GVRs), gas supplier Union Energy has pumped $1 million (SGD) into the CNG market. The city-state has more than 500 CNG taxis, and is expected to expand to another 2000 over the next two ...
A drop ease in figures for China's trade and South Korean growth have spurned optimism that markets may be bottoming out. Chinese exports in March fell 17 percent from last year, but the fall is significantly softer than February's 25.7 percent drop. South Korea's central bank said the economy managed ...
For the fourth week in a row, Asian stocks seem to be doing well as governments increase spending and G20 summit concludes with US$ 1 trillion pledge to help economies globally. Some analysts say now is time to invest in small Asia companies.
Asian currencies strengthened this week following an announcement that American banks could stand without government buyout, and optimism about new Chinese and Japanese stimulus packages.
In a move stimulate more growth in its domestic steel sector the Indonesian government has issued tighter regulation and may be part of a larger "Buy Indonesian" policy.
Association of South-east Asian Nations (Asean) to give unified statement against trade protectionism at a summit next week, and will discuss details of a regional foreign reserve fund pool. Finance ministers in the Asia region are holding bilateral talks in the lead up, showing strategic cooperation to prevent trade protectionism.
Vietnam Steel Corporation (VN Steel) announced plans to speed up an electronic steel exchange platform for 2009 to help build up local distribution channels, according to Vietnam News Agency. The e-platform will facilitate transactions between vendors and buyers, getting rid of traditional channels notorious for high investment costs and low ...