Finance & Economy

Imports of essentials grow amid epidemic

China's imports of bulk commodities including iron ore, crude oil and coal, as well as essential agricultural products.

Friday, April 17, 2020

US Dow soars over 11% in best day since 1933

The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.

Thursday, March 26, 2020

US Federal Reserve Cuts Rates to Zero as Coronavirus Spreads

US Federal Reserve announced that it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing entailing USD 700 billion worth of asset purchases of Treasurys and mortgage-backed securities.

Tuesday, March 17, 2020

Dow has biggest daily jump since 2009

[Ferro-Alloys.com] Stocks roared back to life on Wall Street Monday, recouping some of their losses from last week's market meltdown.

Tuesday, March 3, 2020

Balance key in outbreak fight, boost for business

China's policymakers will strike a balance between containing the novel coronavirus pneumonia outbreak and facilitating the resumption of regular business activities as a prolonged economic standstill could trigger greater risks, economists said.

Wednesday, February 19, 2020

China's direct investment in Egypt up 66% in first 3 quarters

"Meanwhile some Chinese enterprises specialized in steel and others are interested in the Egyptian market and related projects under discussion".

Friday, December 13, 2019

China's industrial profits rise 2.6% in July

This is a drastic rebound compared to the 3.1-percent decline in June.

Tuesday, September 3, 2019

Shagang Group among China's top 500 companies in foreign trade

...ranking 87th, with its imports and exports totalling $3.75 billion.

Friday, August 23, 2019
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