Tag: China

• Monday, July 20th 2015 - 07:37 UTC

  Dairy prices forecasted to continue falling as Southern hemisphere milking season takes off

  

  New Zealand dairy exporter Fonterra is cutting jobs in an effort to shore up its cash flows as a slump in global dairy demand, particularly from number one buyer China, threatens to snuff out the country’s “white gold rush.”

• Wednesday, July 15th 2015 - 06:33 UTC

  Relief from China as economy expands 7% in second quarter from a year ago

  

  Growth in the world's second largest economy, China, beat expectations in the second quarter, but it was still the weakest showing since the global financial crisis. The economy grew 7% from a year ago - matching growth in the first three months of the year, which was the lowest since 2009 when it fell to 6.6%.

• Tuesday, July 14th 2015 - 06:52 UTC

  China's exports in June rise, but imports fall for the eighth month running

  

  Exports in the world's second largest economy, China, have risen, ending three months of decline in June. Exports rose 2.1% in Yuan-denominated terms compared with a year ago, up to 1.17tn Yuan ($187bn).

• Friday, July 10th 2015 - 07:08 UTC

  China becomes main importer of Uruguayan and Argentine frozen beef

  

  China has become the largest importer of frozen Argentine beef, according to the latest data released by the Industry and Trade of Meat and Meat Produce Association (CICCRA). However these figures are far from neighboring Uruguay which in four months shipped to China almost 50.000 tons, that has become the country's leading market.

• Wednesday, July 8th 2015 - 09:08 UTC

  Chinese markets' volatility edging 'panic sentiment', admit regulators

  

  Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China's regulators to try and stabilize the recently volatile market.

• Tuesday, July 7th 2015 - 10:00 UTC

  Chinese markets volatility continue despite government measures

  

  Chinese stocks plunged Tuesday after mixed fortunes Monday, with the benchmark Shanghai Composite Index tumbling 3.2% at opening. The Shenzhen Component Index also opened 3.4% lower and the ChiNext Index, tracking growth enterprises, opened 3.8% lower.

• Monday, July 6th 2015 - 08:46 UTC

  Shanghai Composite picking up strongly as fund managers buy stocks

  

  Mainland Chinese shares surged nearly 8% on Monday despite the rest of Asian markets trading lower on Greece's rejection of austerity demands. The Shanghai Composite was up 2.6% to 3,783.69 after the government announced measures over the weekend to stabilize the tumbling stock markets.

• Saturday, June 13th 2015 - 07:34 UTC

  Democrats strike stunning blow to President Obama's free-trade agenda

  

  The U.S. House of Representatives on Friday dealt a stunning blow to President Barack Obama’s free-trade agenda. A large number of Democrats in the House defied their fellow Democratic president to defeat a critical part of a legislative package, Trade Adjustment Assistance (TAA), which would have provided aid to US workers who might lose their jobs if a major Asia-Pacific trade agreement is forged.

• Monday, June 8th 2015 - 13:00 UTC

  China imports dropped 17.6% during May, and exports 2.5%

  

  Exports in the world's second largest economy, China, fell for a third consecutive month in May, highlighting slowing demand in the country. Sales abroad fell 2.5% from a year ago in dollar denominated terms, and 2.8% in Yuan denominated figures.

• Tuesday, June 2nd 2015 - 06:01 UTC

  Canadian tobacco companies ordered to pay 12bn dollars for failing to warn health risks

  

  A Canadian court has ordered three tobacco companies to pay 15.5bn Canadian dollars ($12bn), the largest award for damages in the country's history. The plaintiffs were Quebec smokers who said the firms failed to warn them of health risks associated with smoking.