by Bloomberg.com | Feb 4, 2024 | alerts, Markets/Economy
Processing fees hit record low as smelters compete for ore Nation’s capacity expansion is likely to continue regardless Years of relentless growth are finally catching up with China’s copper smelters. Stung by disappearing profits, the country’s top industry body last...
by Bloomberg.com | Feb 4, 2024 | alerts, Markets/Economy
Regulator makes pledge on Sunday after last week’s stock slide Academic calls for stabilization fund, investors vent online China pledged to stabilize markets after shares sank to a five-year low in chaotic trading on Friday, but policymakers offered no specifics on...
by Bloomberg.com | Feb 4, 2024 | alerts, Markets/Economy
Following is a transcript of Federal Reserve Chair Jerome Powell’s interview with the CBS program 60 Minutes, as provided by CBS. The interview was conducted Thursday and was set to air Sunday evening. For a web version of the transcript and video of the interview,...
by The National Interest.org | Feb 3, 2024 | alerts, Markets/Economy
The grim state of China’s housing market has so far had little effect on the iron ore price because its steel mills are diverting their surplus output onto export markets where they are adding to what the OECD says is a crisis of excess steel supply. While the...
by Bloomberg.com | Feb 2, 2024 | alerts, Markets/Economy
Festive season traditionally sees high demand for meats Sustained low pork prices worsening China’s deflationary fears For families across China preparing for Lunar New Year, the most important celebration in the calendar, pork is a must. An ingredient synonymous with...
by Bloomberg.com | Feb 2, 2024 | alerts, Markets/Economy
Fervor continues despite high premiums, correction risks ETFs are a favored tool to invest abroad under capital control A record amount of Chinese money is flowing into overseas equities as despondent investors seek a way out of the sagging local stock market. Inflows...
