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Air Cargo posts strongest half-year growth since 2010

August 3, 2017

GENEVA – The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew by 10.4% in the first-half of 2017 compared to the first-half of 2016. This was the strongest first half-year performance since air cargo’s rebound from the Global Financial Crisis in 2010, and nearly triple the industry’s average growth rate of 3.9% over the last five years. 

China shuts down illegal steel production in Tianjin and Hunan

August 4, 2017

BEIJING - China's Tianjin Municipality and Hunan Province have dismantled production facilities for inferior-quality steel bars following a national inspection by the State Council. Chinese Premier Li Keqiang recently called for steadfast efforts to push overcapacity cuts after the inspection found that certain steel mills were trying to resume production of inferior-quality steel bars.

Lacklustre growth in Indonesia to prompt further rate cut, says ANZ

August 7, 2017

JAKARTA – ANZ Bank is forecasting a further interest rate cuts of 25 basis points in the fourth quarter of 2017 after growth in Indonesia remained static at 5.1% in the second quarter.  It says economic activity was primarily weighed down by a contraction in Government expenditure, while growth in household consumption was also lacklustre.

Moon calls for “strong, effective measures” against North Korea, more THAAD systems

August 1, 2017

SEOUL – South Korea’s President, Moon Jae-in, has called for a "stern response to North Korea’s ceaseless provocations with nuclear missile test launches" to be put into action, "not just words alone”.
His remarks came during an emergency meeting of the National Security Council (NSC) held immediately after the North’s launch in Mupyong-ri, Jagang-do Province, of what is believed to have been an intercontinental ballistic missile (ICBM).

Guangzhou SOE and LG partner for $6.7billion display-panel plant

August 1, 2017

GUANGZHOU - LG’s planned Guangzhou display-panel factory will be 30% owned by joint-venture partner Guangzhou-Kaide Technologies Development Co., sources close to the matter told Caixin. The South Korean home-appliances giant announced on Tuesday that it would build a facility to produce large-panel organic light-emitting diode (OLED) displays in Guangzhou’s Economic and Technological Development Zone.

Airline leaders more optimistic on strengthening passenger and cargo demand: IATA

July 28, 2017

GENEVA - Surveyed in early-July for IATA’s quarterly business confidence index, more than three-quarters of airline CFOs and heads of cargo indicated that profitability increased in Q2 2017 compared to the same period of 2016. IATA said the survey results suggest that Q1 may have marked the bottom of the industry’s profitability cycle.