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February 26, 2015
Freight shipping prices sink on oversupply, China slowdown
London (AFP) Feb 22, 2015
Freight shipping prices have plummeted to a historic low, fuelled by a long-standing problem of too many ships and lower demand from China, but experts cautioned against seeing it as a warning on the global economy. The Baltic Dry Index (BDI), which tracks the cost of transporting dry commodities such as coal, iron ore and grain across 20 shipping routes, dropped Wednesday to 509 points, its lowest level since the creation of the index in 1985. There have never been more commodities transported ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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WTO rules against China in row with EU, Japan over steel pipes
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China Internet censorship hurts European businesses: survey
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China premier asks Greece PM to deepen cooperation on port
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Most US firms feel 'targeted' by China: survey
Most US firms in China feel "targeted" by authorities, a survey said Wednesday, as the government embarks on a series of high-profile investigations into foreign businesses. ... more
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Qualcomm to pay huge fine to settle China antitrust case
US mobile chip titan Qualcomm will pay nearly a billion dollars to end a long-running antitrust probe in China, the company said, in perhaps the biggest fine ever levied by Beijing in such a case. ... more
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Japan logs record-low current account surplus in 2014
Japan's current account surplus shrank nearly a fifth to a record low $22 billion in 2014, the fourth straight annual fall, as its trade deficit swelled amid a weak yen, official data showed Monday. ... more
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China January trade surplus a record high as imports, exports fall
China's monthly trade surplus rose 88 percent to reach a record 370 billion yuan ($59 billion) in January, data showed Sunday, as imports dropped sharply on lower commodity prices and sluggish domestic demand. ... more
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Democrats, Republicans urge Obama to arm Ukraine
US senators from both parties renewed calls Thursday for President Barack Obama to boost military aid to Ukraine, while criticizing Europe's approach to the crisis. ... more
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Argentina's Kirchner sparks row after China accent gibes
Argentina's President Cristina Kirchner was assailed at home and abroad Thursday after an undiplomatic tweet during a state visit to China, in which she seemingly poked fun at Asian difficulties pronouncing the letters L and R. ... more
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Kirchner focuses on China deals amid scandal at home
Embattled Argentine President Cristina Kirchner sought to keep the focus on a string of deals with China during a visit to Beijing Wednesday as she became embroiled deeper in a high-profile scandal at home. ... more
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Greece's Piraeus port U-turn will not hurt China investment: analysts
The shipping containers emblazoned with the COSCO logo on the quayside at Greece's biggest port Piraeus are a sign that China has invested heavily here. ... more
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Alibaba's Ma meets top China regulator after fakes row
Alibaba founder Jack Ma has met with the head of a powerful Chinese regulator, days after authorities accused the e-commerce giant of allowing "illegal" actions on its multi-billion-dollar online shopping platform. ... more
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China media warn new Greek government over port
New Greek Prime Minister Alexis Tsipras is in a similar position to Phaeton, the Greek mythological figure given the reins of the sun only to lose control and nearly destroy the earth, Chinese media said Thursday. ... more
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China to expand limited FTZ reforms nationwide
China will expand some reforms from its first free trade zone in Shanghai nationwide, it said Thursday, even as foreign firms show disappointment over the slow pace of change in the FTZ. ... more
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French PM Valls seeks trade 'rebalance' with China
French Prime Minister Manuel Valls on Thursday called for a "rebalance" of trade with China during his first official visit, as he sought to curry up investment in France's stalling economy. ... more
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Alibaba plunges on disappointing sales
Alibaba shares plunged Thursday as the Chinese e-commerce giant's quarterly report showed weaker-than-expected sales growth. ... more
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End of the road for Nepal's traditional Himalayan 'caravans'
For generations, traders and their colourful herds of mules and yaks were a lifeline for remote communities in the heart of Nepal's formidable and often dangerous Himalayas. ... more
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ECB stimulus will boost China's exports: official
A senior Chinese official welcomed the European Central Bank's quantitative easing measures on Friday, saying they will help boost the eurozone economy and in turn benefit China's exports. ... more
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China says US tyre duty ruling has 'multiple flaws'
A US ruling slapping heavy duties on Chinese tyres was flawed, Beijing said, urging Washington to handle the case "prudently". ... more
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China luxury market shrank in 2014: consultancy
China's luxury market shrank last year, a global consultancy said, attributing the decline - the first it has detected - to a national anti-corruption campaign, slowing economic growth and changing consumer tastes. ... more
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China to investigate state-owned enterprises: govt
China will investigate all major state-owned enterprises (SOEs) this year, a Communist Party watchdog announced Wednesday, in the latest step of President Xi Jinping's much-publicised anti-graft campaign. ... more
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China outbound investment surges past $100 bn in 2014: govt
Chinese overseas investment surged past $100 billion for the first time last year, official figures showed Friday, but remained below investment into the country. ... more
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Silicon Valley firms ink settlement in non-poaching case
Apple, Google, Intel and Adobe have inked a $415 million settlement over charges they colluded not to poach one another's employees, according to court documents. ... more
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Canada to host NAFTA summit 'later this year'
Canadian Prime Minister Stephen Harper will host his American and Mexican counterparts for their annual summit "later this year," his office said Thursday, denying reports he had cancelled it over friction with Washington. ... more
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Uniqlo pledges to improve factory conditions in China
Japanese clothing giant Uniqlo on Thursday pledged to improve working conditions at its Chinese suppliers and beef up monitoring following claims that the firms were putting employees at risk. ... more
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China 2014 trade surplus rockets to record high: govt
China's trade surplus soared by almost half last year to a record $382 billion, the government announced Tuesday, but the world's second-largest economy again missed its trade growth target due to weakness overseas. ... more
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Dunkin' Donuts to open 1,400 restaurants in China
Doughnuts-and-coffee chain Dunkin' Donuts said Thursday it would open more than 1,400 restaurants in China, Hong Kong and Macau in the company's largest development deal in its 65-year history. ... more
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