India, China’s largest exporter of iron ore, raised the export duty of the raw material to 30 percent from 20 percent, a rise of almost 50 percent in order to protect the domestic industry. The move is expected to slash exports to China, which is the main...
China aims to boost domestic consumption in order to fight the bitter pill of slowing trade and economy. In a policy paper released today, the Ministry of Commerce said new measures will be introduced to boost consumption, especially for vehicles and electrical...
Two Indian traders, veteran China hands, were recently hauled up in a Beijing court for non-payment of dues to their local suppliers in Yiwu, a major wholesale supplies city on China’s Eastern sea board. Deepak Raheja and Shyamsunder Agrawal, were taken to court...
A bearish market led by doubts over Indias growth prospects has led the finance ministry to take a rather bold step over the weekend. New Delhi announced that individual overseas investors can now put cash directly into Indian stocks. Qualified foreign investors, or...
Despite rocky markets and turbulent times, China’s Initial Public Offering market has once again eclipsed the US, highlighting the shift in global financial activity from west to east. Companies raised US$73-billion from IPOs in Shanghai, Shenzhen and Hong Kong...
Big ticket India-China deals are picking up pace, a year after China’s premier Wen Jiabao visited India to boost neighborly relations. On Tuesday, Indian trading house Varun Industries said it will sell a 51 percent stake in an on-shore oil block at Madagascar...
