China, a key commodity user, is likely to feel threatened by BHP Billiton’s bid for Potash, says Renzo Casarotto, senior portfolio manager at Colonial First State Global Asset Management. He tells CNBC’s Bernard Lo, that is probably fueling rumors of Sinochem and Temasek’s interest in the world’s biggest fertilizer supplier.
ArcelorMittal, the world’s largest steelmaker, is in talks with Indiabulls Real Estate to form a joint venture to acquire iron ore and coal mines in India, the Economic Times reported on Tuesday.
TAIPEI/SEOUL (Reuters) – Samsung Electronics, the world’s top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.
TAIPEI/SEOUL (Reuters) – Samsung Electronics, the world’s top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.
LONDON (Reuters) – U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world’s biggest oil consumer raised concerns over the outlook for demand
BEIJING (Reuters) – Wang Yong, a name little heard on the global business stage, has become boss of the world’s biggest mobile telecom carrier, the most valuable coal producer and Asia’s top oil refiner.
A floating Chinese currency would be far better for the global economy and would address trade imbalances, Nicki Hutley, principal economist at Access Economics, told CNBC. “I think it’s an anachronism in this day and age to have a pegged currency for the world’s second-largest economy,” Hutley said.
A floating Chinese currency would be far better for the global economy and would address trade imbalances, Nicki Hutley, principal economist at Access Economics, told CNBC. “I think it’s an anachronism in this day and age to have a pegged currency for the world’s second-largest economy,” Hutley said.
FRANKFURT (Reuters) – Top executives from some of the world’s leading banks are due to gather for a conference in Frankfurt later this week as lenders seek to avoid what they see as overly harsh regulation following the global financial crisis.
CARDIFF, Sept 5 (Reuters) – Pakistan test opener Yasir Hameed said on Sunday he had been duped into making statements reported in the British newspaper The News of the World alleging widespread match-fixing by his team mates.