RECENT ARTICLES
China loses appetite for salmon, seafood on virus contamination worries
By , BEIJING/SHANGHAI (Reuters) - China’s appetite for salmon and other seafood has crashed this month, after a resurgence in coronavirus infections in Beijing was traced to chopping boards for imported salmon in a wholesale food market in the capital.Exporters all the way to Europe are feeling the pinch as the virus scare prompts supermarkets and e-commerce players such as Taobao, JD.com and Meituan in China, the world’s top consumer of frozen and fresh seafood, to slash salmon sales.“I have cleaned out frozen fish from the refrigerator at home and won’t buy more,” said Ma Xuan, a...…By , BEIJING/SHANGHAI (Reuters) - China’s appetite for salmon and other seafood has crashed this month, after a resurgence in coronavirus infections in Beijing was traced to chopping boards for imported salmon in a wholesale food market in the capital.Exporters all the way to Europe are feeling the pinch as the virus scare prompts supermarkets and e-commerce players such as Taobao, JD.com and Meituan in China, the world’s top consumer of frozen and fresh seafood, to slash salmon sales.“I have cleaned out frozen fish from the refrigerator at home and won’t buy more,” said Ma Xuan, a...WW…
Shanghai gold boss wants super-sovereign currency for post-crisis times
By , SHANGHAI (Reuters) - The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut interest rates to near-zero and embarked on unlimited quantitative easing to contain the economic damage of the coronavirus pandemic.The measures have helped to drive gold prices to more than seven-year-highs this month, while the dollar has...…By , SHANGHAI (Reuters) - The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut interest rates to near-zero and embarked on unlimited quantitative easing to contain the economic damage of the coronavirus pandemic.The measures have helped to drive gold prices to more than seven-year-highs this month, while the dollar has...WW…
Trapped China gold miners have to wait 15 days for rescue
By QIXIA, China (Reuters) - Workers trapped in a gold mine in China since Jan. 10 may have to wait another 15 days before they can be rescued because of a blockage on their intended escape route, officials said on Thursday.Slideshow A total of 22 workers were trapped underground after an explosion at the Hushan mine in Qixia, a major gold-producing region under the administration of Yantai in Shandong province on the northeast coast.One is confirmed to have died, while 11 are known to be alive. The remaining 10 are missing.Rescuers were drilling new shafts on Thursday to reach 10 of the men...…By QIXIA, China (Reuters) - Workers trapped in a gold mine in China since Jan. 10 may have to wait another 15 days before they can be rescued because of a blockage on their intended escape route, officials said on Thursday.Slideshow A total of 22 workers were trapped underground after an explosion at the Hushan mine in Qixia, a major gold-producing region under the administration of Yantai in Shandong province on the northeast coast.One is confirmed to have died, while 11 are known to be alive. The remaining 10 are missing.Rescuers were drilling new shafts on Thursday to reach 10 of the men...WW…
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