TRADE WARS - INDO DAILY

China tries 10 employees of US firm in fast food scandal

Dec 31, 2015 (AFP)

Ten employees of a US company which supplied foreign fast food outlets in China including KFC and McDonald's have been tried over a substandard meat scandal, a ...

Taiwan, China launch hotline after historic summit

Dec 30, 2015 (AFP)

The first hotline between China and Taiwan was launched Wednesday, in a move designed to build ties between the two sides following a historic summit between th...

Philippines to join China-backed Asian infrastructure bank

Dec 30, 2015 (AFP)

The Philippines said Wednesday it will join the China-backed Asian Infrastructure Investment Bank, despite being engaged in a dispute with Beijing over its clai...

China to merge two shipping companies in reform push

Dec 30, 2015 (AFP)

China will combine two of its state-owned shipping giants, the companies said, the sector's second multi-billion-dollar merger in a month as the government push...

China fines seven foreign shippers for 'price-fixing'

Dec 28, 2015 (AFP)

China on Monday fined seven foreign shippers including three Japanese firms a combined 407 million yuan ($63 million) for price-fixing in the latest case involv...

Global miners steel for worse after torrid year

Dec 27, 2015 (AFP)

Global miners are battling to stay afloat after enduring one of the toughest years in recent times, with tumbling commodity prices and supply gluts set to force...

Hong Kong apartment sells for record $76.7 mn

Dec 25, 2015 (AFP)

A luxury apartment in Hong Kong sold for a record HK$594.7 million ($76.7 million), days before Christmas, making it the most expensive flat in the city and pos...

AIIB formally established: government

Dec 25, 2015 (AFP)

The China-backed Asian Infrastructure Investment Bank (AIIB), viewed by some as a rival to the World Bank and Asian Development Bank, was formally established o...

Police probe China metals exchange: govt

Dec 23, 2015 (AFP)

Chinese police are investigating a troubled state-managed metal exchange for criminal offences, the local government said late Tuesday, months after it failed t...

Malaysian bauxite rush brings wealth, and worries

Dec 23, 2015 (AFP)

Malaysian farmer Surin Beris's palm plantation has been razed and bulldozers are tearing into its red soil, releasing potentially hazardous dust into the enviro...

Zimbabwe to expand use of yuan as China cancels $40 mn debt

Dec 21, 2015 (AFP)

Zimbabwe said Monday that China plans to cancel $40 million in debts as the southern African country seeks to expand use of the yuan in its multi-currency econo...

Bitcoin's 'blockchain' tech may transform banking

Dec 19, 2015 (AFP)

The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionize...

Cook bashes talk Apple is dodging taxes

Dec 18, 2015 (AFP)

Apple chief Tim Cook emphatically rejected accusations that the world's richest company is sidestepping US taxes by keeping bundles of cash overseas, suggesting...

Chinese pull plug on French tech park: French official

Dec 16, 2015 (AFP)

Franco-Chinese plans to set up a business and technology park on a 130-hectare site in eastern France, have bitten the dust three years after they were first mo...

Mongolia's giant Oyu Tolgoi mine gets $4 bn financing

Dec 15, 2015 (AFP)

Anglo-Australian mining giant Rio Tinto secured a multi-billion deal Tuesday to finance a huge expansion of its giant but controversial Oyu Tolgoi mine in Mongo...

China joins European development bank

Dec 14, 2015 (AFP)

The European Bank for Reconstruction and Development said Monday it had accepted China as a member, handing the world's second biggest economy investment routes...

China approves merger of two top shipping firms: Xinhua

Dec 11, 2015 (AFP)

China will merge two of its biggest state-owned shipping companies, official media reported Friday, as the government seeks to reform lumbering public companies...

China cuts yuan to over four-year low vs dollar

Dec 11, 2015 (AFP)

China's central bank on Friday cut the yuan's value against the greenback to its lowest in more than four years, only a week after the International Monetary Fu...

Chinese steel dumping threatens sector recovery in Europe, US

Dec 09, 2015 (AFP)

European and US steel producers are only slowly emerging from a 2008 sector meltdown, but already they are faced with a new challenge: Chinese dumping. Chinese ...

China imports and exports fall again in November: govt

Dec 08, 2015 (AFP)

Chinese imports and exports both fell in November, official data showed Tuesday, the latest poor figures from the world's second-largest economy. The country is...