Asia Top Stories

China halts oil product exports to North Korea in November as sanctions bite

Beijing also imported no iron ore, coal or lead from…

Asia Gold-Demand softens on higher prices, slow holiday trade

Gold demand across major centres in Asia were subdued ahead…

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Indian gold import data disappoints – Commerzbank

Indian gold import data is much lower than expected, according to the Bombay Bullion Association, says Commerzbank, and this could have implications for physical prices. Commerzbank notes that the association says India imported “only” 125 tons of gold in the fourth quarter of 2011, with buyers hampered by a combination of high prices and high domestic interest rates.

With mining sector in pits, GDP growth to take big hit

An unprecedented crackdown on corruption in India's mining industry, led by the Supreme Court and state-level agencies such as Karnataka's Lokayukta, coupled with rigorous enforcement of environmental norms is resulting in collateral damage to the economy, with plunging mining output leading to a fall in industrial production and GDP growth.

2 killed in protest over Indonesia gold mine

Two people have been killed and 10 others injured during a violent protest over a planned gold mine in eastern Indonesia. The victims were among nearly 1,000 people in Lambu village in West Nusatenggara province who were trying to stop the gold mining...