The return of Chinese domestic iron ore producers to an already over-supplied market and a slowdown in China's residential property sector have contributed to the price of iron ore dipping below 100 U.S. dollars a tonne, according to Australian analysts.
The China Securities Regulatory Commission (CSRC) on Sunday announced new measures to tighten the supervision of the Initial Public Offering (IPO) process.
The weekly average of the Organization of Petroleum Exporting Countries (OPEC) reference price for its basket of crudes stood at 108.95 U.S. dollars per barrel last week, up from 107.17 dollars the previous week, the Vienna-based cartel said Monday.
In the latest blow to the Bitcoin market in China, BTC China, the country's main Bitcoin trading platform, has suspended recharge services using the Chinese currency.
Chinese consumers can expect higher dairy prices in December due to a shrinking supply of raw milk from the country's fragmented milk farms. Most domestic dairy companies put up prices last week, ranging from five to 20 percent. This was mainly in the low-end milk market.
China may raise the price of refined oil on Thursday, which would mark the seventh such increase within a year, industry analysts predicted.
The International Monetary Fund (IMF) has warned that the Australian housing market could "overshoot" due to recent jump in house prices and growing investor expectations.
Economists described the unchanged state of Britain's Consumer Price Index (CPI) figures released Tuesday as "a little disappointing."
Economists described the unchanged state of Britain's Consumer Price Index (CPI) figures released Tuesday as "a little disappointing."
Insiders and experts have called for more government efforts to cool the property market and keep the overall housing prices in check as recent months saw a drastic surge in the land prices and a home price rebounce in major cities.
Prices of both new and existing homes continued to rise in most Chinese cities in June, according to official data released on Thursday.
The Thai government on Tuesday agreed to promptly review last week's decision to cut the rice price by 100 U.S. dollars a ton in response to protesting farmers.
China will slightly hike gasoline and diesel prices starting Friday, the first increase since the fuel pricing scheme was reformed in March.
Jewelry chains across the city of Hong Kong have been packed with shoppers since the gold prices dropped sharply last Friday. To take advantage of the sharpest price fall in decades, shoppers in Hong Kong snapping up gold products.
By April 18 afternoon, the silver price has plunged through 23 U.S. dollars per ounce to about 22. 5 U.S. dollars. It once touched 22.07 U.S. dollars on Apr. 16 , the lowest since Oct. 2010.
China will adjust the prices of oil products every 10 working days to better reflect changes in the global oil market, the National Development and Reform Commission (NDRC) announced on Tuesday.
China will adjust the prices of oil products every 10 working days to better reflect changes in the global oil market, the National Development and Reform Commission (NDRC) announced on Tuesday.
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