TRADE WARS - AFRICA DAILY

Aug 15, 2013 (UPI)

Paraguay's comprehensive humiliation of Venezuelan President Nicolas Maduro adds to the president's multiplying "things-to-fix" agenda as he tackles a faltering...

Global gold demand down to a four-year-low

Aug 15, 2013 (AFP)

Global demand for gold fell to a four-year-low in the second quarter despite a surge in demand from India and China as the metal became cheaper, the World Gold ...

Glencore-Xstrata cuts back on stalled Philippine mine

Aug 13, 2013 (AFP)

Swiss mining giant Glencore Xstrata said Tuesday it is laying off nearly all workers at its $5.9-billion copper project in the Philippines which has been stalle...

US senator heads to Asia to meet top leaders

Aug 12, 2013 (AFP)

A top US senator headed Monday to meet senior leaders in China, Japan, South Korea and Taiwan as Congress looks for new security and trade moves in Asia. Robert...

PayPal keen on collaboration for cash-free future

Aug 11, 2013 (AFP)

Online financial transactions titan PayPal says it is keen to collaborate with others as it strives for a cash-free future. "We are all about working with devel...

Chinese cargo ship opens new trade route to Europe

Aug 10, 2013 (AFP)

A 19,000-tonne cargo vessel is making the first journey by a Chinese merchant ship to Europe via the Northeast Passage, a shortened route that could revolutioni...

Retailers Tesco,CRE plan China giant

Aug 09, 2013 (AFP)

Britain's biggest retailer, supermarket chain Tesco, said on Friday that it is in exclusive talks over combining its Chinese operations with those of China Reso...

Head of China Resources denies corruption allegations

Aug 08, 2013 (AFP)

The head of giant state-owned conglomerate China Resources has denied allegations of malpractice in a takeover deal after claims he has links with several forme...

China July exports, imports unexpectedly jump

Aug 08, 2013 (AFP)

China's imports and exports showed an unexpected jump in July, government data showed Thursday in a positive sign for the world's second-biggest economy after p...

Australia upholds mining tax

Aug 07, 2013 (UPI)

Australia's High Court has upheld a challenge to the country's mining tax. The Mineral Resource Rent Tax, or MRRT, introduced in July 2012, applies to profits o...

China fines formula firms $108 million for price-fixing

Aug 07, 2013 (AFP)

China said Wednesday it has fined six mostly foreign baby formula producers including New Zealand's scandal-hit Fonterra a total of $108 million for price-fixin...

Philippines detains 18 Chinese for illegal mining

Aug 06, 2013 (AFP)

The Philippines has detained 18 Chinese men on suspicion of illegal black sand mining in the northern coastal town of Aparri, the justice department said Tuesda...

Outside View: U.S. trade deficit slowing growth, destroying jobs

Aug 05, 2013 (UPI)

The U.S. Commerce Department is expected Tuesday to report the June deficit on international trade in goods and services was $43 billion. Overall, the deficit i...

Sri Lanka launches Chinese-built mega port

Aug 05, 2013 (AFP)

Sri Lanka Monday launched a China-funded port which will be the island's biggest and is intended to make Colombo a strategic shipping hub along the world's most...

Sri Lanka eyes South Asian hub with Chinese mega port

Aug 04, 2013 (AFP)

A $500 million Chinese-built port opens Monday in Sri Lanka, giving Beijing a vital foothold on the world's busiest international shipping lane as it seeks to s...

Netherlands redraws shipping lanes for crowded North Sea

Aug 02, 2013 (UPI)

The crowded North Sea shipping lanes off the Netherlands this week began operating under a sweeping new set of traffic rules meant to optimize safety. The Rijks...

WTO rules against China in US chicken dispute

Aug 02, 2013 (AFP)

China breached the rules of global commerce by imposing duties on imports of US chicken, the World Trade Organization ruled Friday, saying Beijing must fall int...

Hong Kong billionaire plans huge Australian casino

Aug 02, 2013 (AFP)

A Chinese billionaire has revealed plans for a Aus$4.2 billion (US$3.7 billion) tropical resort and casino in Australia which he says will be a "man-made wonder...

Chinese workers strike over takeover of US firm

Jul 31, 2013 (AFP)

Nearly 5,000 Chinese workers at a Sino-US joint venture tyre manufacturer are on strike in protest at the American parent company's $2.5 billion takeover by an ...

China owes Hollywood millions after halting payment for films

Jul 30, 2013 (AFP)

China has stopped paying Hollywood studios for its films in a dispute over a Chinese tax on movie profits, Hollywood trade papers reported Tuesday. Tens of mill...