TRADE WARS - INDO DAILY

WTO appoints panel to probe China, US trade disputes

Dec 17, 2012 (AFP)

The World Trade Organization on Monday established a panel to look into a complaint from China against the United States in connection with a string of trade di...

Migrant workers rally over Hong Kong working conditions

Dec 16, 2012 (AFP)

About a thousand migrant domestic workers from Southeast Asia rallied in Hong Kong Sunday to mark International Migrants Day and push for better working conditi...

Britain looks to Chinese tourists for Christmas cheer

Dec 16, 2012 (AFP)

With their shelves spilling over with festive goodies, London's department stores are working hard to attract Christmas shoppers -- but Chinese visitors are the...

Job losses threaten U.S. innovation

Dec 14, 2012 (UPI)

Long-term reductions in the work force have damaged the United States' capacity to innovate and harmed the prospects for long-term economic growth, experts say....

EU moves closer to eurozone integration

Dec 14, 2012 (UPI)

European leaders Friday unveiled plans for a deeper integration of the 17-member eurozone in the 27-nation European Union amid signs the outcome of the latest d...

Australia's resources, boom or bust?

Dec 13, 2012 (UPI)

Investment costs in Australia's resource sector must be cut to maintain a good pipeline of projects, a government official said. "Australia is still exceptional...

Chinese strikers weighing legal steps in Singapore

Dec 12, 2012 (AFP)

Four Chinese bus drivers facing possible jail for instigating Singapore's first industrial strike in 26 years were given more time on Wednesday to explore their...

Rio sells mine stake to China-S. Africa consortium

Dec 12, 2012 (AFP)

Anglo-Australian mining giant Rio Tinto said Wednesday it had sold its majority stake in South African copper producer Palabora for US$373 million to Chinese an...

Chinese cities becoming too costly for expats: survey

Dec 12, 2012 (AFP)

Chinese cities now dominate the list of the most expensive places in Asia for expatriate residents due in part to a stronger local currency, a regional survey s...

IMF warns Hong Kong property faces price correction

Dec 12, 2012 (AFP)

The International Monetary Fund on Wednesday warned that Hong Kong could see an abrupt fall in property prices after years of dramatic increases in one of the w...

Hungary offers residency permits for 250,000 euros

Dec 11, 2012 (AFP)

Foreign investors can now snag themselves Hungarian residency permits for 250,000 euros ($325,000), following the approval of a bill amendment in Hungary's parl...

Abramovich to pay $1.49 bn for Norilsk stake

Dec 11, 2012 (AFP)

Billionaire Chelsea FC owner Roman Abramovich is to pay almost $1.49 billion to acquire a stake in Russian mining giant Norilsk Nickel to help end a feud betwee...

HSBC to pay $1.92 bn to settle US laundering probe

Dec 11, 2012 (AFP)

Banking giant HSBC said Tuesday it would pay US authorities a record $1.92 billion to settle allegations of money laundering that were said to have helped Mexic...

HSBC being punished for 'stunning failures': US

Dec 11, 2012 (AFP)

HSBC intentionally broke US sanctions on Iran and other countries and laundered Mexican drug money to build its business, the US said Tuesday as it socked the g...

China to claim one-third of luxury market: survey

Dec 11, 2012 (AFP)

China will account for one-third of the estimated $175 billion global market for luxury goods by 2015, as growing wealth spurs demand for top-end goods, consult...

US to press on trade in China talks

Dec 10, 2012 (AFP)

The United States said Monday it would press China on intellectual property rights and other key concerns as the world's two largest economies hold top-level tr...

Chinese insurer PICC soars on Hong Kong debut

Dec 07, 2012 (AFP)

Chinese insurer PICC surged Friday on its Hong Kong trading debut, as the city's biggest share sale this year provided an upbeat end to a weak year in the globa...

Groupon surges on takeover chatter

Dec 07, 2012 (AFP)

Groupon shares surged Friday as market players reacted to chatter about a possible takeover for the troubled online deals company. Groupon closed with a gain of...

Mercosur puts a brave front on divisions

Dec 07, 2012 (UPI)

Latin America's Mercosur regional pact extended Paraguay's suspension from its ranks to April 2013 in a move set to divide the region and exacerbate tensions. A...

Hong Kong leader warns of talent drain over housing

Dec 06, 2012 (AFP)

Hong Kong's leader on Thursday said the Chinese city needed to boost its housing supply and create more living space or the "best and the brightest" talents of ...