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BEIJING: Farm produce prices in China's 36 large and medium-sized cities have fallen for five consecutive weeks, the Ministry of Commerce said Tuesday. In the week ending June 6, farm produce prices dropped 0.6 percent in those cities from a week earlier, said a statement posted on the ministry's website. Vegetable prices dropped sharply las...
WASHINGTON: The US Commerce Department Tuesday set preliminary countervailing duties on imports of some $119.2 million drill pipe from China, a move might escalate trade disputes between the two countries. The department said in a statement that it "preliminary determined that Chinese exporters of drill pipe have received countervailable subsidies of 15...
WASHINGTON - 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. Fears of Europe's festering debt troubles refuse to subside. Friday's US employment data was a disappointment. And China's red-hot economy may be cooling a bit. These all point to a loomin...
BERLIN - Airline chiefs gathering for their annual meeting in Berlin on Monday face the biggest decision since the recession: whether to boost capacity as demand for travel surges or restrict supply and focus on raising ticket prices. Air China Ltd has already opted for growth, adding 9.8 percent more seating in April and planning a 12 percent increase ...
BEIJIJNG - Chinese steel mills are facing a precarious situation in the third quarter due to falling product prices and rising raw material costs, forcing many of them to scale back output or opt for maintenance shutdowns, leading industry experts said on Monday. The nation's largest publicly traded steelmaker Baoshan Iron and Steel Co (Baosteel) cut p...
ZHUZHOU, Hunan province - While extending its railway network throughout the country, China is also sending its trains across borders. CSR Zhuzhou Electric Locomotive Co, a subsidy of China South Locomotive and Rolling Stock Corp (CSR), the largest listed railway equipment maker in China, is manufacturing locomotives for countries including Kazakhstan, ...
Chinese steel exporters may see hurdles later this year, as the country is set to limit exports in high polluting, high energy-consuming, and resource sectors, according to media reports Monday. China is to lower or scrap export tax rebates on exports in such sectors, and lift export duties of certain products starting from July, the Economic Informatio...
COPENHAGEN - The euro's 21 percent tumble from last year's high has left the currency above the average level since its creation in 1999 and stronger than its predecessor, the deutsche mark. Even as the euro weakened 2.5 percent last week against the dollar and fell below $1.20 for the first time since March 2006, it remains higher than the close of $...
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