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  • July 30, 2014
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  1. Business - Commodities - PRECIOUS METALS

    Recent rallies fail to put shine back on gold

    Posted Jul 02nd 2014, 01:45am by BLOOM

    ... of December, the best start to a year since 2010, investors pulled US$562 million from United States exchange-traded funds backed by precious metals by the end of last week, extending a holdings slump ... minds." Investors removed about US$143 million from precious metals funds last month, the third consecutive decline that capped an outflow of US$1.34 billion for the second quarter. At the same ...

  2. Business - Commodities

    ANZ shrugs off metals financing exposure

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Bloomberg in Sydney Bank chief says checks on processes have tightened amid mainland probe into fraud claims over stocks warehoused at Qingdao ANZ shrugs off metals financing exposure Australia & New Zealand Banking Group has tightened its commodity financing processes in China "a little bit" amid a probe into metals stockpiles at Qingdao port, chief executive ...

  3. Development of metallic glass can help HK businesses

    Posted Nov 09th 2007, 12:00am by Chris Davis

    ... from gold and other precious metals, which made the end results expensive. In recent years however, methods have been developed to produce metallic glass in bulk based on mixes of zirconium, ... applications. One example increasingly gaining attention is metallic glass, which displays properties of incredible strength and elasticity, and are promoted as a true wonder material. 'Compared ...

  4. Business - Banking & Finance - COURTS

    StanChart sues over metal fraud claims

    Posted Jul 15th 2014, 01:31am by BLOOM

    ... Bloomberg Bank seeks US$35.6 million inlawsuit against Decheng Mining owner StanChart sues over metal fraud claims Standard Chartered is suing Chen Jihong, the owner of a metals trading ... the owner of Qingdao-based Decheng Mining and said the bank could not provide any further information. Two calls to Decheng went unanswered. Banks are examining lending linked to metals at Qingdao ...

  5. Business - Commodities - PRECIOUS METALS

    Chinese gold imports tipped to drop in loan deals fallout

    Posted Jul 04th 2014, 01:41am by Reuters

    ... financing deals and domestic demand softens, a leading precious metals consultant said yesterday. Philip Klapwijk, a director of Hong Kong-based Precious Metals Insights, said the Chinese ... outstanding level in 2013 and secondly, measures to restrict the abuse of gold lending and other financial plays using the yellow metal," he said. "Total imports into China may have reached ...

  6. Business - Commodities - LAWSUITS

    Citic Resources sues for return of metals stored at Qingdao port

    Posted Jul 09th 2014, 05:20am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Company files court action over missing stocks at the port following probe into financing fraud Citic sues for return of metals stored in Qingdao Citic ... tonnes of copper kept there. It also asked the warehouse to either release the metal stocks to Citic or offer compensation if they could not be accounted for. Citic obtained a possession order ...

  7. Kobayashi Metals invites suppliers of industrial fasteners

    Posted Jul 08th 2014, 03:16pm by Reports by Stacey Johnson, Christina Liedke and Jessica Ryan

    ... Reports by Stacey Johnson, Christina Liedke and Jessica Ryan Dealing with more than 100,000 types of industrial fasteners, Kobayashi Metals is Japan's largest importer and supplier ... of Kobayashi Metals. "They also do not need to keep their own inventories because we can supply them with what they need, exactly when they need it." Kobayashi Metals is Japan's only ...

  8. The trend is your friend, but only until it reverses

    Posted Aug 24th 2011, 12:00am

    ... a higher price for it than you did. That's been a highly profitable bet in recent years, and anyone holding the metal now can congratulate themselves on riding a winning trend. But that still ...

  9. Business - Commodities

    Singapore to start gold contract as world demand shifts to Asia

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... at Australia & New Zealand Banking Group. The Singapore government is promoting the city state as a centre for precious metals after removing the 7 per cent goods and services tax ... as the site for the plant, which will also produce silver, because of its location between China and India, the world's largest consumers. Precious metals are getting more attention from ...

  10. News - China - Shanghai

    Shanghai licence plates 'precious as gold,' says vice mayor

    Posted Jan 28th 2013, 03:05pm by Ernest Kao

    ... as yellow metal, the Oriental Morning Post reported  on Monday. Speaking at the municipality’s People’s Congress meeting on Sunday, Shen said chronic traffic problems in the city of 23 million ...




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