TRADE WARS - INDO DAILY

US software engineer outsources his job to China

Jan 17, 2013 (AFP)

"Bob" the software engineer was becoming a modern workplace legend on Thursday as word spread that he had secretly outsourced his own job to China and sat at hi...

China Mining Corporation to list in Hong Kong this month

Jan 17, 2013 (AFP)

China's Chinalco Mining Corporation said Thursday it hopes to raise up to $435 million in a Hong Kong initial public offering this month, the city's first major...

Chilean mining investment to top $100B

Jan 17, 2013 (UPI)

Investment in Chile's mining sector is set to exceed $100 billion over the next 12 years and about half will go into boosting copper production, mainstay of the...

Fear and loathing in Brazil as World Cup beckons

Jan 16, 2013 (UPI)

As the 2014 FIFA World Cup approaches, host nation Brazil is dealing with unresolved problems that sent more than 1 million protesters into the streets last yea...

China's trade surplus with US inflated by trade stats: OECD-WTO

Jan 16, 2013 (AFP)

Current trade statistics miss a vital part of the story of where production occurs in the globalised economy, the OECD and WTO said on Wednesday, adding that Ch...

China expects trade to grow at similar pace to GDP

Jan 16, 2013 (AFP)

China said Wednesday that it expects foreign trade to grow at a similar pace to the economy this year, indicating a feeble pickup from 2012. "Our target this ye...

Foreign investment in China in first fall for three years

Jan 16, 2013 (AFP)

Foreign direct investment in China declined for the first time in three years in 2012, official data showed on Wednesday, amid economic turmoil in developed mar...

US seeks new global trade deal for services

Jan 15, 2013 (AFP)

The United States will meet representatives of other major economies to try to negotiate a global agreement on the trade in services, the top US trade represent...

Indonesia's ban on mineral ore exports goes into effect

Jan 14, 2013 (UPI)

Indonesia's ban on exports of mineral ores has gone into effect, although 66 major mining companies are exempted from the ban for three years. Most of Indonesia...

Mongolia's proposed law to affect mining

Jan 14, 2013 (UPI)

Mongolia's proposed new mineral law threatens foreign investment, warns the country's business council. The Business Council's 250 members include mining giant ...

Commodity markets win support from China data

Jan 11, 2013 (AFP)

Commodity markets were buoyed this week by upbeat Chinese economic data and the weak dollar, but trimmed gains heading into the weekend as many traders took the...

China trade surplus surges despite economic weakness

Jan 10, 2013 (AFP)

China's trade surplus surged in 2012, but total imports and exports grew slowly owing to weakness at home and abroad, official data showed Thursday, while analy...

Canada gold giant ends talks over African assets

Jan 08, 2013 (AFP)

The world's biggest gold producer, Canada's Barrick Gold, announced Tuesday it had called off talks to sell some of its African assets to a state-owned Chinese ...

British conservatives call for further immigration restrictions

Jan 07, 2013 (UPI)

British conservative leaders called for further immigration crackdowns this week after EU travel restrictions on Bulgarian and Romanian workers were eased. With...

Crashed US drone found in Philippines: navy

Jan 07, 2013 (AFP)

A US drone believed to be used for reconnaissance was recovered on Monday in waters off the central Philippines, police and naval authorities said. Fishermen fo...

Cambodian police break up garment worker camp

Jan 06, 2013 (UPI)

Cambodian police removed about 1,000 anti-government protesters, including garment workers, from an industrial park in Phnom Penh after deadly clashes with secu...

Zinc hungry China asks Canada to back giant mine

Jan 05, 2013 (AFP)

With zinc sources drying up and demand forecast to surge, resource hungry China is looking to Canada to approve two giant mines and close the gap -- but environ...

India's Infosys denies reports of 5,000 job cuts

Jan 04, 2013 (AFP)

Indian software outsourcing giant Infosys said Friday it was weeding out under-performing staff and would be asking some to leave, but denied a media report say...

India's Infosys plans to cut up to 5,000 jobs: report

Jan 04, 2013 (AFP)

India's second-largest software outsourcer Infosys is planning to cut up to 5,000 jobs, a report said Friday, as it seeks to reduce costs in a tough business en...

China developer 'copies' star architect's design

Jan 03, 2013 (AFP)

Already famed for fake designer bags and pirated DVDs, imitation in China may have reached new heights with a set of towers that strongly resemble ones designed...