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Gold down on stronger U.S. dollar, global economic strength

CHICAGO, Jan. 12 (Xinhua) — Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the U.S. dollar showed strength and global markets improved. The most active gold contract for February delivery fell 11 U.S. dollars, or 1 percent, to settle at 1,085.20 dollars …

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China Shares Turn Higher After Wild Start to 2016

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Asian markets closed mixed on the last day of 2016’s first trading week, after a wild ride that saw the Chinese market shut down prematurely twice to stem rapid selloffs, oil prices falling to 12-year lows and the persistent volatility across the region. On Friday, the Shanghai Composite closed up …

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China, Pakistan ink $820m Thar coal agreement

Under the finance agreements, a syndicate of local banks will provide Rs52 billion for the mining project, being undertaken by SECMC. PHOTO: FILE

Pakistan and China on Monday inked a $820-million financing agreement in Beijing, for both the mining and associated power plant project in Thar. Sindh Engro Coal Mining Company (SECMC) and Engro Powergen Thar Limited (EPTL) signed the local and foreign financing agreements in China. Negotiations to secure loan financing for …

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Japan pushes new policies to reboot startup sector

When asked to name globally recognized Japanese firms founded within the last decade, many people would be hard-pressed to list any. Toyota Motor Corp., Sony Corp. and Nintendo Co. are all more than half a century old, with a lack of new firms reflecting the tough situation for startups. Industry …

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