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Chinese manufacturing expanded at a slower pace in May, adding to signs that growth may moderate in the world's third-biggest economy. The Purchasing Managers' Index fell to 53.9 from 55.7 in April, seasonally adjusted, the Federation of Logistics and Purchasing said in an e-mailed statement today. That was less than the median 54.5 estimate in a Bloo...
VANCOUVER: China remains the top investment market for Canadian companies, but the growing opportunities in India are grabbing Canadian companies, according to the results of an investment intentions survey released here on Monday. The annual Asia Investment Intentions Survey was conducted by Asia Pacific Foundation of Canada (APF) between February and ...
BEIJING - A top Chinese industry group said on Monday that India's telecom operators and consumers will pick up the tab for the Indian government's recent ban on imports of Chinese telecom equipment. It also urged the two countries to continue negotiations to resolve the dispute. "It (the ban) is a discriminatory policy that not only hurts Chinese...
IHS Global Insight says spillover from Europe’s woes remains ‘fairly small’ Europe’s fiscal troubles will produce five years of economic stagnation on the continent but won’t prevent the global economy from expanding by an estimated 3.7 percent this year after last year’s 1.9 percent decline, economists at IHS Global In...
BEIJING: Growth in China's consumer price index (CPI) is likely to see a reverse "V" shape this year and the possibility of a serious inflation is easing, said Ha Jiming, chief economist at the China International Capital Corp (CICC). Speaking at an investor education activity in Beijing on May 29, Ha expected China's CPI to increase 3.2 percent in Ma...
$8.25t needed over next 10 years to build efficient connections in Asia BEIJING - The Asian Development Bank (ADB) has called on Asian economies to strengthen their infrastructure investment through an effective financing framework to achieve higher and more sustainable growth. To that end, the bank said that as much as $750 billion would have to be...
MOSCOW - High oil prices were the obstacle for modernization of Russia, President Dmitry Medvedev said during his meeting with the ruling United Russia party on Friday. "To put it bluntly, $140 per barrel is a disaster for Russia as it would mean the elimination of any stimulus for development," Medvedev said. Currently, June oil futures have been t...
CHICAGO - Gold futures on the COMEX Division of the New York Mercantile Exchange ended a tad higher on Friday, as a downgrade in Spain's credit rating worsened the lingering concern over the widening eurozone debt crisis, and helped gold to stage an impressive turnaround in the last hour. Silver and platinum both dipped. The most active gold contract...
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