Recent Posts

Indians falling out of love with gold

Bloomberg Indians’ love affair with gold is cooling. Imports slumped more than 25 percent to 54 metric tons in June from a year earlier, a person familiar with the information said, asking not to be identified as the figures aren’t public. Overseas purchases plunged 40 percent to 343 tonnes in the first half from a year ago, according to data ...

Read More »

China unveils details of 3-year pollution plan

Bloomberg China unveiled further details of its three-year environmental plan, reiterating its goal to reduce coal consumption and listing the cities where it’s targeting steel capacity curbs. Policy makers will promote natural gas use over coal in areas battling severe air pollution in the Beijing-Tianjin-Hebei region as well as Fenhe and Weihe river plains, according to three-year plan published by ...

Read More »

HNA co-chairman Wang Jian dies in France aged 57

Bloomberg HNA Group Co., the once-acquisitive Chinese conglomerate that’s been selling billions of dollars in assets this year amid soaring borrowing costs, said that Co-chairman Wang Jian died after an accident in Provence, France. He was 57. Wang, who was on a business trip, had a fall from which he couldn’t recover, HNA said in a statement on its website. ...

Read More »
Send this to a friend