The collapse in global rates for shipping commodities from the world's mines to mills and utilities will persist until at least 2020 on a glut of vessels and stalling cargo growth, according to Goldman Sachs Group Inc.
The Australian government is considering imposing the goods and services tax on Internet purchases such as Netflix subscriptions, local media reported on Thursday.
Shanghai can become the economic heart of the Yangtze River Delta by offering a global-standard business environment to more privately owned enterprises.
The expanded China (Shanghai) Pilot Free Trade Zone will see a transformation in government functions. These will involve defining the municipal government's administrative responsibilities.
The State Council approved the expansion of the China (Shanghai) Pilot Free Trade Zone last month by incorporating the Lujiazui Financial Area, Jinqiao Export Processing Zone, Zhangjiang High-Tech Park and Expo Park Development Zone. That move enlarged the FTZ from 28.78 square kilometers to 120.72 sq km and offered more space for reform trials.
Shortly after Beijing approved the expansion of the China (Shanghai) Pilot Free Trade Zone, Shanghai Capacity Exchange Co Ltd launched its new online container forward-booking platform, in January, believed to be the first of its kind in the world.
The United States will become one of the world's largest oil exporters if domestic production continues to surge and policymakers lift a four-decade ban that keeps most crude from leaving the country, a government-sponsored study shows.
Currency investors managing trillions of dollars are sitting out the United Kingdom's closest election since the 1970s.
For big returns, buy smaller companies - that's the takeaway from previous UK elections.
News Corp, the newspaper publisher controlled by billionaire Rupert Murdoch, reported quarterly earnings that missed analysts' estimates after print advertising continued to fall and currency swings ate into revenue.
The level of information disclosure by China's charity organizations has been raised considerably, amid a slew of measures to improve the sector's self-discipline and regulation, according to a leading foundation.
Cunningly hidden among mountains of colored roses and gardening tools, Hanergy Group's stand at the recent Hortiflorexpo in Shanghai also had its very latest solar-power technology on show.
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Raymond Zhou
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