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News About World Trade
May 23, 2013
Australia's resources boom over?
Sydney (UPI) May 22, 2013
A new report from the Australian government says that committed investment in the country's major resources and energy projects has peaked. The report, released Wednesday by the Bureau of Resources and Energy Economics, says that in the past 12 months, around $146 billion of projects have either been delayed, canceled or have had reassessed development plans. BREE predicts investment to fall from $261 billion for confirmed mining and energy projects in 2013 to about $68 billion in 2017. ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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Chinese PM pledges stronger partnership with Pakistan
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Cheaper yen attracts record visitors to Japan
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US report urges action on 'unprecedented' IP theft
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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review
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24/7 News Coverage
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Japan posts worst April trade deficit
Japan on Wednesday posted its worst April trade deficit as a weak yen ramped up import costs and helped extend the run of monthly shortfalls to the longest in more than three decades. ... more
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Australia advises on avoiding 'resource curse'
If resource-rich developing countries can avoid the "resource curse," they could reduce dependency on aid, an Australian government official said. ... more
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Apple's Cook grilled in Congress on offshore taxes
Apple chief Tim Cook faced a grilling Tuesday by US lawmakers on "sham" subsidiaries and "convoluted" strategies to shift profits offshore, but denied the company uses "gimmicks" to cut taxes. ... more
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Extensive gold reserves discovered in northwest China
Geologists in China say they've found gold reserves in a northwestern province that could be worth $32 billion to the country's economy. ... more
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Chinese PM vows to open up markets to India
Visiting Premier Li Keqiang promised Tuesday to open China's vast domestic market wider to India and forge a "dynamic trade balance" to deepen economic ties and ease tensions between the Asian giants. ... more
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Macau hosts Asia's largest gaming expo
Casino industry leaders met in the world's biggest gambling hub of Macau on Tuesday for the Global Gaming Expo Asia, a three-day fair of gambling innovations at the glitzy Venetian Macau hotel. ... more
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Greek PM in China touts country as European 'gateway'
Greek Prime Minister Antonis Samaras on Friday touted his troubled but improving economy as an attractive entry point for Chinese investment into the European Union. ... more
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EU, China have much to lose if trade war breaks out: analysts
The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they seek, analysts said. ... more
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Apple, US lawmakers in offshore tax showdown
Apple and US lawmakers are gearing up for a showdown over taxes - specifically how to deal with the huge stockpile of cash held by Apple and other multinational firms offshore. ... more
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FDI into China creeps up: commerce ministry
Foreign direct investment (FDI) into China rose marginally in April, the government announced on Thursday, as investment into the giant from the rest of Asia remained largely static. ... more
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EU warns China of telecoms probe
The EU has alerted China to its decision to launch an anti-dumping and anti-subsidy probe involving the mobile telecommunications networks sector, Trade Commissioner Karel De Gucht announced on Wednesday. ... more
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Environmentalist outrage as Rio Tinto gets mine go-ahead
Australia Wednesday gave Rio Tinto the go-ahead for a controversial Aus$1.3 billion (US$1.3 billion) bauxite mine project in a decision environmentalists blasted as "vandalism on a grand scale". ... more
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Latvia grants dual citizenship for economic migrants, exiles
Latvia's Parliament has voted to ease citizenship rules for those living abroad but excluded Russia, drawing criticism from the country's Russian speakers. ... more
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Greek PM hopes China trip will boost his country's ailing economy
Greece's Prime Minister Antonis Samaras hopes his four-day trip to China this week will help his country's ailing economy by attracting investment and promoting the export of Greek products. ... more
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China to probe steel tube imports in trade dispute
China said Friday it was investigating some steel tube imports from the European Union, Japan and the United States over allegations that products had been sold at below market price. ... more
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Peru copper plans moving again despite protests
Peru government plans to join the global copper producers club in a big way are moving ahead despite a spate of environmental protests over months that caused work stoppages and frightened away investors. ... more
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Space News from SpaceDaily.com
Ecuador's only satellite may have been damaged in space collision

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New method for producing clean hydrogen

The tropical upper atmosphere 'fingerprint' of global warming

Researchers reveal model of Sun's magnetic field

Adapter 'Flips' for Progress Toward 2014 Exploration Flight Test

Satellites See Storm System that Created Oklahoma Tornado

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China considers resource tax to include coal
A Chinese government official has signaled that tougher taxes on the use of resources and on emissions would be imposed so the country can achieve greener industrial development. ... more
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Japan steelmaking giant posts $1.2 billion net loss
Japan's Nippon Steel and Sumitomo Metal Corp., the world's second-biggest steelmaker, on Friday posted a $1.2 billion net loss in its fiscal year to March. ... more
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China hails new WTO boss as nod to developing world
China on Thursday welcomed the appointment of Brazilian diplomat Roberto Azevedo to head the World Trade Organization, with state media saying it showed the growing clout of emerging economies. ... more
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China swings back to trade surplus in April
China swung back to trade surplus in April after posting a rare deficit the previous month, official data showed Wednesday, but analysts cautioned the better-than-expected figures may not reflect reality. ... more
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Hong Kong port workers vote to end strike
Hundreds of workers at a Hong Kong container port operated by tycoon Li Ka-shing voted Monday to end a 40-day strike, one of the city's longest-ever, after their employers offered a 9.8 percent pay rise. ... more
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EU hesitant on free trade deal with China: source
Even as it seeks free trade deals with the United States and Japan, the EU sees little near-term prospect of a similar accord with China, one of the bloc's most important trading partners, a senior EU official said Tuesday. ... more
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France wants to boost Japan relations, maintain China ties
France wants to boost its relations with Japan all the while maintaining strong ties with China, despite simmering diplomatic tensions between the two Asian giants, France's top diplomat said in an interview published on Saturday. ... more
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U.K. under pressure to clean up tax havens
British Overseas Territories in the Western Hemisphere will abandon their "tax haven" status as London struggles to raise cash and counter European charges its Caribbean and other overseas territories encourage tax evasion. ... more
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