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Press Releases

ANALYSIS-New year, new cuts stir debate about China's steel, coal excess

*Data shows China exceeded targets for reducing 2016 output. BEIJING/ SHANGHAI, Jan 19- The new year has ushered in a new round of capacity cuts as China tries to combat excess in its bloated steel and coal sectors, but the moves are a drop in the ocean in the nation's long struggle to make its heavy industry more efficient. For years, Beijing has been seeking to cut the...

Source: Reuters

China's miners gamble on spot coal despite Beijing pressure

*Coal mines hope prices stay strong as output slow to rise. By Meng Meng and Josephine Mason. BEIJING, Jan 5- China's top coal miners have mostly resisted pressure from Beijing to sign long-term fixed-price deals this year, in a bet that there's more money to be made in the spot market before government efforts to ease a supply crunch take effect.

Source: Reuters

UK: 100 nail bar workers arrested in immigration crackdown

Most of those arrested were Vietnamese nationals, but there were also others from Mongolia, Ghana, China, Nigeria, Pakistan and India. The Home Office says it will remove anyone without the right to be in Britain. The operation took place from Nov. 27 to Dec. 3, when authorities visited more than 280 nail bars across Britain.

Source: The Associated Press

A spat with China could push Mongolia into default

A political snafu with the world's second-largest economy is no light matter for any country but for troubled Mongolia, it could mean a potential sovereign default.


CORRECTED-FACTBOX-How low can they go? Central bank policy easing around the world

world@ Dec 20- Colombia's central bank unexpectedly cut its benchmark interest rate to 7.5 percent on Friday as policymakers determined that weak economic growth was a more pressing risk for the Andean country than inflation that was still high. UGANDA Dec. 14/ Oct. 18/ Aug. 8/ June 13/ April 4. KYRGYZSTAN Nov. 29/ May 31/ March 29; May 26.

Source: Reuters