JPMorgan Chase said on Wednesday it had made a deal to sell its physical commodities business for US$3.5 billion as regulators weigh whether to restrict banks’ ability to control power plants, warehouses and oil refineries.Thursday, 20 March, 2014, 10:28am
Hong Kong Exchanges and Clearing is looking at a link-up with the mainland's commodities exchanges to develop commodities trading in the city, chief executive Charles Li Xiaojia said yesterday.25 Apr 2013 - 5:40am
China on Friday announced its export quota for rare earth resources for the first half of next year amid declining prices and weak demand in the global market.
China produces more than 95 per cent of the world’s rare earths, 17 elements critical to manufacturing everything from iPads to low-emission cars.29 Dec 2012 - 9:42am
The world was a better place before the global financial crisis, but it was not perfect. People may now gloss over the fact that, before the crisis, Asia was in the grips of an inflation scare. Oil prices were soaring. As oil is a key cost for almost all economic activity, this drove a rise in general inflation, most notably in the cost of food.23 Jul 2012 - 12:00am
The impact of falling oil prices reaches many firms. Investors might wonder which listed firms might be profiting most. The following are the sectors and the firms to watch:
Airlines23 Jul 2012 - 12:00am
The central government has cut fuel prices for the third time in as many months to reflect lower crude costs, while analysts expect a long-awaited pricing reform to be rolled out later this year that would benefit loss-making oil refiners.11 Jul 2012 - 12:00am
Octogenarian opera celebration
Some 300 82-year-olds were invited to celebrate the reopening of the renovated Yau Ma Tei Theatre - 82 years after it first opened in 1930. They were treated to two Cantonese Opera performances in the Grade II listed building, which began life as a cinema before being converted into a venue for traditional opera.17 Jun 2012 - 12:00am
Beijing cut retail fuel prices by less than expected, easing pressure on the two big state-backed refiners, which can use higher profit margins created by recent rapid declines in crude oil prices to offset earlier refining losses.9 Jun 2012 - 12:00am
Hong Kong Exchanges and Clearing wants to buy the London Metal Exchange in order to diversify its business, but analysts question how the acquisition will really help the city develop its own commodities trading.5 Jun 2012 - 12:00am
The Shanghai Futures Exchange plans to launch China's first crude-oil futures contracts this year, inviting foreign investors to participate in Beijing's latest attempt to burnish its global economic clout.29 May 2012 - 12:00am
Police believe hundreds of investors have fallen victim to a cross-border scam after being promised huge returns for investing in red wine that never existed.9 May 2012 - 12:00am
Mainland car sales dropped 3.4 per cent from a year earlier to 4.8 million units in the first quarter as buyers were deterred by higher fuel prices and traffic jams in some big cities.18 Apr 2012 - 12:00am
The latest increase in the mainland's heavily regulated petrol prices has thrust a Zhejiang university student into the national spotlight.
Asked by a television reporter doing street interviews in Jiaxing how he felt about the 6 per cent rise, he replied: 'Can I use nasty words?'
Told he could not, he said that in that case he had nothing to say and walked off.7 Apr 2012 - 12:00am
PetroChina, the nation's largest oil and gas producer, is pinning its hopes on more favourable government energy pricing and tax policies this year to reverse last year's fall in profits.30 Mar 2012 - 12:00am
Taxi operators in the New Territories have renewed their calls for the introduction of a fuel surcharge in the face of rising LPG prices.
Sixteen groups protested at the government headquarters in Admiralty yesterday, demanding the surcharge on top of regular fares once the price of LPG reaches a threshold.30 Mar 2012 - 12:00am