Archive : Biz & Economy Buzz

According to the latest news, China has confirmed that a new tax on sales of primary resources will be rolled out nationwide. The 5% tax is being tested in the western province of Xinjiang, with revenues going to the local government. Beijing also plans to tax other raw materials, although the tax rate...

According to the recent news, there are disappointing manufacturing reports from China and Europe have worried investors, raising concerns over the strength of the global recovery. World stock markets fell on Thursday following data showing that pace of growth in Chinese manufacturing slowed in June. Meanwhile...

According to the latest news, shares in EADS have surged after Dubai airline Emirates placed a huge order for A380 super-jumbo jets. The deal for 32 double-decker A380s brings the number ordered by Emirates to 90 and signals the airline’s intention to continue its rapid growth. The A380s, made...

I must say I have been hearing lots of good news about gold as an investment. I think I have talked a lot about this one before, but I can’t remember the specific month. Anyway, for today I learned that gold futures are on the rise. It is moving again as the euro gains against the U.S. dollar that...

According to the latest news, Royal Dutch Shell and PetroChina have launched a joint $2.96bn takeover bid for Australian liquefied natural gas (LNG) group Arrow Energy. The news led to shares in Arrow jumping 47% on the Australian stock market. In a statement Arrow said that “recommends shareholders...

According to the latest news, the Dell Company has reported a 6% fall in quarterly earnings, as low profit margins offset an increase in sales. The world’s third-largest computer-maker made a net profit of $334m in the three months to 29 January, down from $351m a year ago. Dell saw sales of its...