Author: InvestAdvocate

Tokyo Steel keeps December prices for most products

By Agency reporter Tuesday, 23 Nov 2010 Tokyo: Tokyo Steel Manufacturing Company, Japan‘s largest electric-furnace mill, maintained December prices for most steel products in response to slowing demand, Bloomberg reported on Monday. Prices for H-beams, used in construction, will be kept at 67,000 yen ($803) per metric tonne and hot-rolled coil […]

‘UK must invest ¤350bn on transport network’

By Agency reporter Tuesday, 23 Nov 2010 LONDON: The United Kingdom will have to spend at least ¤350bn on renewing and expanding its transport infrastructure over the next two decades if the economy‘s growth potential is to be realised, management consultancy firm, McKinsey and Company, said in a report published on […]

US economy still sluggish in 2011

By Agency reporter Tuesday, 23 Nov 2010 WASHINGTON: The nation‘s business economists view the United States like a slow-moving freight train, Market Watch reported on Monday. In its latest survey, the National Association of Business Economists predicts the economy will expand at a 2.6 per cent pace in 2011, down slightly […]