China launches iron ore trading platform

Note: This section contains information in English only.
Source: Marketwatch

China is going to introduce the iron ore physical trading platform in the end of 2011 aimed at providing more transparent business transactions for local and foreign traders. China Beijing International Mining Exchange plans to introduce own iron ore index in line with launching online platform for trading, said Dong Chaobin, exchange president.

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Thu, 24 Nov 2011 11:03:11 GMT

Boss of SKS resigns

Boss of Indian-based microfinance company SKS announced about his resignation after being accused of speculation. The company was top-performer on the Indian markets; the share price cost 1,304 rupees in August. However, the company was accused of charging exorbitant interest rates and using aggressive methods for debt collections. The share price lost 90% after accusations.

Thu, 24 Nov 2011 11:09:21 GMT

Overseas yuan market will grow

The growth in yuan deposits in Hong Kong slowed down but the overseas market for yuan will continue to rise, said Norman Chan, chief executive of the Hong Kong Monetary Authority.  The inflow-outflow yuan ratio decreased to 0.8-to-1 in September. The decline in yuan deposits does not imply yuan lost appeal in foreign market, the decline is likely to be a short-term, said Chen Daofu,

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