China stands little chance of hitting the government's target of keeping inflation below 3 percent this year, a senior government economist said on Saturday.
Sovereign risks have risen due to the turmoil in the euro zone, but the woes Greece faces are not the same as in other European nations and the situation can be resolved, the chair of a meeting of sovereign wealth funds said.
World over, copper and some other base metals have been witnessing a downfall season now following the European financial mess and China's decision to crack down on realty sector. Copper's downward journey was also witnessed in India this week with copper futures traded almost flat as worries about growing fiscal crisis in Europe hit global markets. In copper 316 remains a crucial resistance, prices might drift towards 312-310 rupees.
And you thought India is a country which loves to buy only gold. Till the beginning of the 21st century, the image of India was that almost all Indians want to buy gold as far as precious metals are concerned. But the reforms initiated by Indian Prime Minister Manmohan Singh has changed the dreams of the younger generation with many of them now eyeing other precious metals like platinum. Even diamonds have also become a favourite for young women and men.
Governments around the world sought on Friday to calm financial markets hit by fears that Greece's debt crisis could cause turmoil in other European economies.
Mazda Motor Corp and its China venture partners are awaiting government approval for a restructuring, the Japanese automaker said on Friday after talk resurfaced about a possible termination of the three-way tie.
U.S. stocks index futures rose in volatile trade on Friday, pointing to a higher open after a steep fall in the previous session, as data showed the economy added jobs at the fastest pace in four years.
Stocks worldwide plunged as fears about Greece's debt crisis went global, with investors seeing it as an omen of turmoil in other European economies and governments struggling to calm markets.
U.S. stock futures rose on Friday, as equities were set to rebound after a steep fall in the previous session and ahead of a key payrolls report.
China's GDP growth will slow down from 11.9% in Q1 to 9% in Q4.Lower productivity growth, adverse demographics and lower returns to capital will reduce future potential GDP growth in China to around 9%. The peak is already evidenced in the data:
Industrial production has turned and the growth in power, coal, cement, steel and auto production has slowed down. The circulation of money and credit, a major driver of commodity demand, could slow the economy down further, a Bank of America-Merrill Ly...
Initial public offerings around the world are being canceled as fear over Greece's deepening debt crisis and a sudden drop in U.S. stocks on Thursday rattled markets.
Steel prices are set to suffer a setback in the coming days as China is bracing fro a slowdown in realty sector and the American Iron & Steel Industries reported a rise of US domestic raw steel production, which was 1.754 million tonnes while the capability utilization rate was 72.5% in the week ended on May 1.
McDonald's Corp , the world's biggest fast-food chain operator, is looking for new franchise partners in China, expanding a six-year-old trial program in its fastest growing market, a spokeswoman said on Thursday.
Till recently there were reports that if you invest in garlic, turmeric and Nickel you are all set to reap a fortune. Because these commodities had shown record performance in the recent months. In fact garlic had shown a 300 per cent rise at the time of swine flu menace as the Chinese believed that garlic can prevent the epidemic.
Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by new stores and demand for its namesake brand and smaller brands like Converse, the athletic giant said on Wednesday.
Athletic gear giant Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on Wednesday.
Copper prices dropped to seven week low here on fears China may tighten monetary policy further and cause demand to thin from the world's top consumer of many base metals.
Even as gold is set to cash in on the European economic crisis, other metals like steel and copper are set to witness a fall following the debt crisis in Greece, Spain and Portugal. The debt crisis has hit several nations in the Europe and the Euro is also struggling. This will help gold because panicked investors will rush to park their money in gold as a safe haven.
Reports from China and South Africa, two major gold producers in the world, show that gold output this year may witness a surge as several companies have ramped up their production to cash in on the rising prices and increased demand. According to Chinese media, the country produced 70.16 tonnes of gold in the first three months of 2010. This is a gain of around 4.4 per cent year-on-year. The report further added that gold mining companies in China produced 57.3 tonnes of gold in the first three...
China remains the biggest growth market for German luxury car brands, according to data released on Wednesday from Mercedes-Benz, BMW and Audi.
Global commodity prices dropped Tuesday as new doubts about Europe's ability to resolve the Greek debt crisis sparked a global flight from risky investments. Crude oil and other energy contracts tumbled, a day after oil hit an 18-month high. Prices for copper and other industrial metals also fell sharply. The declines in commodities were made worse by a spike in the dollar as investors sought safe places for their money. The rising dollar tends to sap demand from foreign investors for commoditie...
A tumble in global stocks spread to Asia on Wednesday as fears heightened that Greece's debt woes could spread to other countries, which pushed the euro down to one-year lows against the dollar.