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A trader monitors the screen on a trading floor in London

Stefan Wermuth / REUTERS

China’s Spot Iron Ore Platform Gets Support from Global Miners

Global miners Rio Tinto Group, BHP Billiton Ltd. and Vale SA, in a testament to China's global influence in the supply and price movements of iron ore, have decided to link hands with Beijing and join the Asian country's new spot trading platform for the raw commodity.

China's consumer price index (CPI) dipped to 4.6 percent in the last year,

India’s January Consumer Inflation Grows 7.65%

The annual consumer price index (CPI) of India has hit 7.65 per cent for January compared over a year ago, hinting efforts to moderate prices are working. Albeit higher than wholesale price index (WPI), the latest CPI likewise suggests a rate cut by the central bank might not occur sometime soon.

Record prices spawn new wave of China gold bugs

China’s Xinjiang Gold Yield Posts New Record High

The Gold Administration Bureau of China on Tuesday has announced that gold making in the country's Xinjiang Uygur autonomous region in 2011 jumped by 15.18 per cent to register a new record high of 12.1 tonnes compared from a year ago.

Wal-Mart

Wal-Mart Upgrades its Online Retail Investment in China

U.S. retail giant Wal-Mart has ramped up its presence in the rising supermarket competition in China, adding to its portfolio local online seller Yihaodian.

Air Australia

Air Australia Director Assured Staff of Sound Business Hours Before Air Carrier Placed Under Administration

The 300 employees of shuttered Air Australia were given assurances through email by the company's director, Michael James, that the business was sound hours before it was placed on administration.

Americas

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Foxconn in Shangai

Amid Apple Pressure, Foxconn Gives Pay Hike

08:02 PM ET

Foxconn Technology said this weekend that it would increase worker salaries at its Chinese factories by as much as 16 to 25 percent as it faces intense public scrutiny over the working conditions in at its factories.

Asia

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Australian rare earths miner Lynas Corp has scheduled for December the start-up of its processing plant in Kuantan, Malaysia, executive chairman Nicholas Curtis said at the annual general meeting in Sydney on Tuesday.

China, Australia Fast-track Rare Earths Exploration Projects

07:23 PM ET

Rare earths miners in China and Australia have decided to fast-track their respective exploration projects amid earlier reports that the falling prices of rare earths in the global market will trigger anew a massive demand for the precious metals.

Middle East

Prostitute wearing a mask speaks with an activist as they attend a demonstration ahead of vote on a symbolic resolution to abolish prostitution at the National Assembly in Paris

NZ Single Mum Turns to Prostitution for Childcare and Studies

06:07 PM ET

A single parent at Paerata near Pukekohe has turned to prostitution to support her children and her studies, New Zealand Herald reported.

Europe

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Global miner BHP Billiton announced it will be shutting down the Gregory Crinum open-pit coal mine near Emerald, Queensland, where 300 jobs will be affected. Coal mining firm Xstrata Plc, meanwhile, will likewise reduce off 600 jobs, including office-base

Australia has New Investor in Taiwan’s China Steel

07:11 PM ET

Taiwan's largest steel producer, China Steel Corp, on Tuesday announced it is poised to dispense some $110 million or AU$1...