The Adaro Blog
China’s Jan-May coal imports jump 114 pct on robust industrial
July 5, 2010, 12:49 pm
From Bloomberg
BEIJING, Jul 04, 2010 (Xinhua via COMTEX) — China’s coal imports surged 114.3 percent year on year to 68.98 million tonnes in the Jan.-May period on the back of strong industrial demand, the Ministry of Industry and Information Technology
(MIIT) said Monday.
In a...
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Indonesia Cancels Letter of Credit Rule for Commodity Exports
July 5, 2010, 12:48 pm
From Bloomberg:
By Yoga Rusmana
June 28 (Bloomberg) — Indonesia, the biggest palm oil producer, canceled rules that required all commodity exporters to use letters of credit for shipments exceeding $1 million, as foreign exchange reserves have increased.
“The existing export...
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Indonesia’s Credit Rating Outlook Raised by Moody’s
June 24, 2010, 12:46 pm
From Bloomberg:
2010-06-21 05:45:45.368 GMT
(Updates with comment from economist in fifth paragraph.)
By Jeran Wittenstein and Achmad Sukarsono
June 21 (Bloomberg) — Indonesia’s credit rating outlook was raised to positive by Moody’s Investors Service, highlighting the...
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China to close 7,000 small coal miners by 2015 – report
June 24, 2010, 12:45 pm
From Reuters.com:
China to close 7,000 small coal miners by 2015 – report
BEIJING June 23 (Reuters) – China aims to shut down as many as 7,000 small coal miners by 2015, according to a draft government document obtained by Chinese media on Tuesday.
About 11,000...
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Bye-bye dollar peg, hello flexible renminbi
June 21, 2010, 12:44 pm
From Finance Asia:
Just ahead of the G20 meeting, China says it will increase the flexibility of the renminbi now that the global economy is gradually recovering
By Lara Wozniak | 21 June...
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Coal prices to remain high: Rio Tinto
June 21, 2010, 12:41 pm
From TheAustralian.com.au:
Coal prices to remain high: Rio Tinto
Alex Wilson | Dow Jones Newswires |June 21, 2010 2:59PM
RIO Tinto says it expects metallurgical coal prices to remain high, driven by strong global demand.
The Anglo-Australian mining giant expects...
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UBS Wealth’s Pu Yonghao Favors Emerging-Market Equities
June 17, 2010, 12:40 pm
From Bloomberg:
UBS Wealth’s Pu Yonghao Favors Emerging-Market Equities
2010-06-17 02:48:25.349 GMT
By Shiyin Chen and Maryam Nemazee
June 17 (Bloomberg) — UBS AG’s wealth management unit said it favors stocks in emerging markets including China, India...
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