Singapore’s exports unexpectedly jumped in November from a year earlier, helped by an rise in shipments to the European Union and China.Non-oil domestic exports (NODX) last month rose by 11.5 percent. The median forecast in a Reuters poll was for a contraction of 3.0 percent. On a month-on-month, seasonally adjusted basis, nonoil domestic exports soared 13.1 percent in November.
5 factors could decide China’s metals demand in 2017
An extension of this year’s price rally in base metals and bulk commodities in China into next year will depend on property demand, liquidity, Infrastructure, supply side reform and re-stocking.
Beijing’s city government has ordered 1,200 factories near the Chinese capital, including an oil refinery run by state oil major Sinopec and a Cofco food plant, to either shut or cut output following its highest possible air pollution warning.
According to the recently released 2016 IHS Jane’s Defence Budgets report, India has become the world’s fourth largest defence spender. In this edition of report published by US research firm IHS Inc, India has surpassed Russia, France, Japan and Saudi Arabia to become the world’s fourth largest defence spender.
5th India-Arab partnership conference held in Muscat, Oman
Theme of the conference was ‘Partnership towards innovation and cooperation in IT’. The aim of the conferences was to enhance flow of investments from both sides, accelerate the investment projects of prioritized sectors, provide conducive environment for export promotion.
UN Secretary General Ban Ki-moon has hinted that he may shortly run for the presidency of his native South Korea. Mr. Ban’s term as the world’s top diplomat expires at the end of December. In his final press conference as UN chief, Mr.Ban said that after some rest he will return to South Korea and consider how best to help his country.
China is planning sweeping curbs on its companies’ overseas acquisitions, including barring most foreign investments of $10 billion or more, people with knowledge of the matter.
China says it is “seriously concerned” after US President- elect Donald Trump expressed doubts about continuing to abide by the “One China” policy.Under the policy, the US has formal ties with China rather than the island of Taiwan, which China sees as a breakaway province.
Benchmark U.S. stock index rallies, in anticipation of fiscal stimulus measures by the incoming administration of President-elect Donald Trump, could also be laying the seeds for equity market troubles from a stronger dollar and rising bond yields.
India to host 2016 Asian Ministerial Conference for Disaster Risk Reduction
India is hosting the 2016 Asian Ministerial Conference for Disaster Risk Reduction (AMCDRR) from November 3 to 5, 2016 in New Delhi. This will be second time India hosting AMCDRR. The conference will be hosted by Union Government in collaboration with the United Nations Office for Disaster Risk Reduction (UNISDR).