-
Date:2011/09/01
According to major Chinese steelmaker Wuhan Iron and Steel Group (WISCO), its subsidiary Echeng Iron and Steel Co. has shipped 5,000 mt of rebar from its new port Egang Changhang Industrial Port, which is located on the south bank of the Yangtze Rive...
-
Date:2011/09/01
On August 30, Chinese steel producer Wuhan Iron and Steel Co. (WISCO) and Canadian mining company Century Iron Ore Holdings Inc. inked a cooperation agreement to jointly develop iron ore mines in Canada. Century Iron Ore Holdings owns three iro...
-
Date:2011/08/31
According to report, Baoshan Iron and Steel Co., the second-largest steelmaker in China, said today that it posted a 36.9 percent down in first half net profit on rising raw material costs and lower demand.Its first half year profit was RMB 5.08 bill...
-
Date:2011/09/01
Hong Kong's total assets of the Exchange Fund went up 57.8 billion HK dollars (about 7.4 billion U. S. dollars) in July, bringing the balance to 2.491 trillion HK dollars by the end of the month, according to figures released by the Monetary Aut...
-
Date:2011/08/31
China's Baoshan Iron & Steel is currently buying iron ore based on quarterly prices calculated using Platts' iron ore index IODBZ00-PLT, Deputy General Manager Chen Ying said on Wednesday.
The Platts index is one of the three major glo...
-
Date:2011/09/01
According to the data released by MOFCOM on August 31, China's domestic steel price inched down 0.1% for the week ended on August 28 compared to prior week. For instance, the price for high speed wire rod with diameter of 6.5 mm and rebar with d...
-
Date:2011/08/31
In the first six months of 2011, Hunan Province-based Chinese steel producer Hualing Iron and Steel Group (Hualing Steel) achieved a total operating income of RMB 37.9 billion ($5.9 billion), up 36.03 percent year on year. Despite the increased opera...
-
Date:2011/08/31
Hong Kong stocks closed up 330.68 points, or 1.64 percent, at 20,534.85 on Wednesday.
The benchmark Hang Seng Index traded between 20,168.93 and 20,556.93. Turnover totaled 75.257 billion HK dollars (about 9.655 billion U.S. dollars). (1 U.S. dollar ...
-
Date:2011/08/31
According to the interim report issued by Shandong Province-based Chinese steel company Jinan Steel Group, in the January-June period of this year, the company's operating income amounted to RMB 16.6 billion ($2.6 billion), rising by 4.2 percent...
-
Date:2011/08/31
China's stocks rose Wednesday, as the benchmark Shanghai Composite Index edged up 0.03 percent, or 0.75 points, to 2,567.34.
The Shenzhen Component Index gained 0.47 percent, or 53.03 points, to finish at 11,397.48.
Source: Xinhua
-
Date:2011/08/31
Bank of America Corp's (BofA) sale of half its stake in China Construction Bank Corp (CCB) will have a "very limited" effect on China's banking industry, analysts said on Tuesday.
BofA, the largest US lender by assets, announced on M...
-
Date:2011/08/31
According to the China Iron Ore Price Index released by Xinhua on August 30, China's iron ore inventories had reached 95.94 million t till August 29, rising by 0.18 percent as compared to prior week. Meanwhile, the price index for iron ore impor...
-
Date:2011/08/31
Top lenders are competing for a new growth engine. With large State-owned enterprises becoming more reliant on direct financing in the capital market, Chinese banks are increasingly turning their attention to the country's cash-strapped small- a...
-
Date:2011/08/31
The Chinese currency Renminbi, or the yuan, weakened 18 basis points to 6.3867 per U.S. dollar on Wednesday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by ...
-
Date:2011/08/31
Spurred by favorable performance of the gaming sector, Macao's Gross Domestic Product (GDP) for the second quarter of 2011 grew 24 percent year-on-year, according to the figures released on Tuesday by Macao's Statistics and Census Service (...
-
Date:2011/08/31
China's stocks opened mixed on Wednesday.
The benchmark Shanghai Composite Index fell 0.07 points lower to open at 2,566.53.
The Shenzhen Component Index opened 0.24 percent higher at 11,371.25.
Souce: Xinhua
-
Date:2011/08/31
China will eliminate tariffs and value-added taxes on equipment and components used to develop coalbed methane (CBM) refining in mines starting this year, according to a joint statement issued by the Ministry of Finance (MOF) and other central govern...
-
Date:2011/08/31
Shanghai rebar steel futures gained for a second day on Wednesday ahead of an expected rise in consumption over the next two months, although a rocky start to August caused prices to drop this month.
Firmer steel prices in China, the world's la...
-
Date:2011/08/30
China's stocks fell Tuesday, as the benchmark Shanghai Composite Index edged down 0.38 percent, or 9.82 points, to 2,566.60.
The Shenzhen Component Index lost 0.25 percent, or 27.93 points, to finish at 11,344.45.
Source: Xinhua
-
Date:2011/08/31
According to data released by the National Development and Reform Commission, the combined production of the 10 nonferrous metals totaled 19.84 million tons in the first seven months of this year, surged by 9.9% year on year.Among them, the output of...