Showing posts from May, 2012

China shipyards slash prices to survive

Chinese shipyards are offering to sell vessels at discounts of more than 20 per cent as builders look to protect market share from higher quality Asian rivals and stay afloat amid a wave of consolidation, industry sources said.

Some Key Dates for June

June 1 - U.S. May employment report, China PMI
June 6 - European Central Bank rates meeting
June 7 - Fed Chairman Ben Bernanke Congressional testimony
June 8 - China economic releases
June 17 - Greek election
June 18/19 - G-20 in Mexico
June 19/20 - FOMC Meeting
June 28/29 - European leaders summit

US$500m in Asian private equity headed for Myanmar

Investors including Faber-backed fund eye 30% returns but heavy risks exist

Chinese buyers default on coal, iron ore shipments

Chinese buyers are deferring delivery or have defaulted on coal and iron ore deliveries following a drop in prices, traders said, providing more evidence that a slowdown in the world’s second-largest economy is hitting its appetite for commodities.

Beijing likely to free up interest rates this year

Experts say trial liberalisation would allow banks more freedom to set lending and borrowing levels

China Buyers Defer Raw Material Cargos

Chinese consumers of thermal coal and iron ore are asking traders to defer cargos and – in some cases – defaulting on their contracts, in the clearest sign yet of the impact of the country’s economic slowdown on the global raw materials markets.

China's towering metal stockpiles cast economic shadow

When metals warehouses in top consumer China are so full that workers start stockpiling iron ore in granaries and copper in car parks, you know the global economy could be in trouble.

Far East buyers beware in London property rush

When Hong Kong businessman Mr. He paid a 35,000 pound deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer says. In fact it was a 40-minute journey by high-speed train.

Getting to know perpetual securities

They offer regular payouts at fixed rates, but are not like regular bonds

Stocks battered by macro gloom, capping bad week

Hong Kong had a bad day yesterday, capping a bad week.

Yards in line for huge ship orders

Once massive ships are allowed into mainland ports, shipyards could see big orders for them, analysts say

Indonesia to impose 20 pct tax on raw metal exports

Indonesia's government will impose an average 20 percent duty on 14 mineral ore exports including copper, gold and nickel from Sunday, slightly lower than expected but enough to hurt miners in one of the world's major metals exporters.

Chongqing taps Hong Kong firms to buy distressed assets

Cheung Kong, Hutchison, Shui On approached to buy real estate: source

China's shipyards founder as building boom ends

Welder Zhang fires up his blow torch and looks up at the towering, 8,800-tonnes oil tanker that is likely to be his last job at China's privately owned Qiligang Shipbuilding Co.

Avoiding a hard landing was easy - now for reform

Delivering Beijing’s agenda for change will be no mean feat, and politics will only complicate things

Chinese yards making strong market gains

Mainland companies facing rising demand from operators to build floating, production, storage and offloading vessels

Mainland shipbuilders on consolidation course

State-owned shipyards tipped to take over smaller private operators as dearth of new orders hits hard

Alarm as top mainland developers go into red

Weak sales, credit crunch take toll as most top 30 firms record negative cash flow and rack up debts