Commodities’ best quarter since 2016 is tough act to follow
Commodities had their best quarter in almost three years, but demand outlook is running into troubling signs in the U.S. and China, the two biggest consumers.
The ruins poke out of a monotonous stretch of scrub and beckon the world to visit Afghanistan as it was more than 1,400 years ago, when Buddhist monasteries dotted the landscape.
An ancient citadel juts from a tall crag, standing sentinel over what once was a flourishing settlement.
Image is from Reuters Video.
Twenty four miners were trapped in a flooded iron ore mine in east China's Shandong Province, the rescue command center said Monday.
Previously, 21 miners were believed to be trapped in the mine.
Pimps man the park across from the historic Ulan Bator Hotel, popular with foreigners.
They are keeping an eye on their employees -- about 20 women working in Mongolia's quickly expanding sex trade.
Image by Tomascastelazo
China's gold output in the first five months of 2011 totalled 132.02 tonnes, up 3.67 percent from a year earlier, the Ministry of Industry and Information Technology (MIIT) said on its website on Tuesday.
Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.
Copper hit a three-month high on Friday as concerns about demand from top consumer China receded and supply disruptions reinforced expectations of potential shortages this year.
However, traders expected subdued trading ahead of a monthly jobs report from the United States, the world's largest economy, later on Friday.
Twenty-eight miners were still trapped underground Thursday while 63 others were rescued after a fire broke out in a coal mine in China's Shandong province Wednesday night, Xinhua reported.
A total of 91 people were trapped after an air compression device located in a parking lot 255 metres underground caught fire at 6.45 p.m. Wednesday, a provincial government spokesman said.
A buildup of volatile gas hampered rescue efforts in one Chinese coal mine and water continued to pour into another as emergency crews raced to reach 42 people trapped yesterday for a second day, officials and state media reports said.
The accidents — a cave-in at one mine and a flood at the other — occurred on Saturday in two southern provinces after days of heavy rains.
Widely respected economist in China, Li Yining of Peking University, has joined a chorus of advisers urging the Chinese government to increase the country’s gold reserves as a hedge against inflation of foreign currencies.
“China should increase its gold reserves appropriately, and China must take every chance to buy, especially when gold prices fall,” Li told China’s Xinhua news agency.