Finance & Economy
Glencore in R2.5bn Equity Raising, $10bn Capital Preservation, Debt Cutting
Global commodities mining and marketing company Glencore on Monday announced a fully committed proposed equity capital raising of up to $2.5-billion alongside additional $10.2-billion capital preservation and debt reduction measures, portfolio optimization and... |
EY’s Mining Eye Index Climbs First Time in a Year
Professional services firm EY’s Canadian Mining Eye index has gained 4% during the three months ended June, recording a gain for the first time since the second quarter of 2014, compared with a 1% decline in the first quarter |
Singapore Economy Grows by 1.8% in Q2
SINGAPORE'S Ministry of Trade and Industry (MTI) announced on Tuesday that the Singapore economy grew by 1.8 per cent on a year-on-year basis in the second quarter, slower than the 2.8 per cent growth in the previous quarter. |
IMF Says More Work Needed on Yuan Reserve-Currency Decision
The International Monetary Fund said the yuan trails its global counterparts in major benchmarks and that "significant work" in analyzing data is needed before deciding whether to grant the Chinese currency reserve status. |
China Eyes $2.5 Trillion trade with Belt and Road countries
Chinese President Xi Jinping on Sunday said he hoped foreign entrepreneurs would boost contact and cooperation with Chinese firms and initiatives for win-win results. |
China to Achieve 7.2% GDP Growth in 2015
China's economy will grow 7.2 percent in 2015 and 7.0 percent in 2016, the Asian Development Bank (ADB) predicted in a report published on Mar 24th. |
China Sees Bright Spots in Slowing Economy, Vice Premier Says
China's economy faces increased downward pressure this year but the slowdown is stabilizing, with employment and services among the bright spots, Vice Premier Zhang Gaoli said on Mar 22, 2015. |
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