Tuesday , June 27 2017

China’s biggest aluminum producer to cut outdated capacity


Bloomberg China Hongqiao Group Ltd., the nation’s biggest aluminum smelter, is curtailing outdated capacity amid a broader crackdown by the government on illegal production. Shares of aluminum makers gained in China. The company, the main aluminum arm of Shandong Weiqiao Pioneering Group Co., declined to give the scale or timing ...

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China counters Trump, says N Korea efforts ‘indispensable’

epa05932923 Wang Yi, Foreign Minister of China, talks to reporters before the start of a United Nations Security Council meeting about the proliferation of nuclear weapons in North Korea at United Nations headquarters in New York, New York, USA, 28 April 2017.  EPA/JUSTIN LANE

Bloomberg China hit back at US President Donald Trump on Wednesday, saying its efforts on North Korea have been “indispensable.” China has “played an important and constructive role” in seeking peace on the Korean peninsula, Foreign Ministry spokesman Geng Shuang told reporters in Beijing. China strictly implements United Nations Security ...

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Macron cements cabinet control as troublesome minister quits

Bloomberg A one-time rival to President Emmanuel Macron was forced out of the French government on Wednesday as the president asserted his authority after a resounding victory in Sunday’s parliamentary elections. Justice Minister Francois Bayrou, 66, who threw his weight behind Macron’s campaign in February after mulling his own bid ...

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