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Zambia scraps sales tax plan in concession to miners
Zambia will not replace its value-added tax (VAT) with a non-refundable sales tax as previously planned, Finance Minister Bwalya Ng’andu said on Friday, in a concession to mining companies that had fiercely opposed the proposal. Zambia, Africa’s second-largest copper...
China now produces 56% of the world’s steel
Data released on Monday showed Chinese steel output rebounded in August rose 9.3% from the same month a year before to 87.3m tonnes; not far off the record set in May this year, according to the World Steel Association. Chinese furnaces now produce 56% of the world’s...
Ferrexpo shares tumble after CEO suspected of embezzlement
Ferrexpo Plc shares tumbled to a one-year low after authorities said they suspect the company’s billionaire chief Kostyantin Zhevago of large-scale money laundering and embezzling funds from a bank he formerly owned. Detectives from Ukraine’s State Bureau of...
Economic Calendar – Weekly 30 september 2019
Time Zone Event Actual Forecast Previous Sunday, September 29, 2019 14:00 EUR ECB's Lautenschlaeger Speaks 21:00 CNY Chinese Composite PMI (Sep) 53.0 21:00 CNY Manufacturing PMI (Sep) 49.5 49.5 21:00 CNY Non-Manufacturing PMI (Sep) 54.2 53.8 21:45 CNY Caixin...