Posts From King World News

Thursday, April 16: Today in Gold and Silver

NEW YORK (TheStreet) — In the broad strokes of Far East and early London trading, the gold price really didn’t do a lot when all was said and done, even though I was making a big deal out of it in The Wrap in yesterday’s column.  The low tick occurred on Wednesday morning in New York at the same time as it bottomed on Tuesday—8:30 a.m. EDT.  From there it

China's fiscal revenue growth slows in first quarter

China’s annual fiscal revenue growth slowed to 3.9 percent in the first quarter from 8.6 percent in 2014, official data showed, as persistent economic weakness dampened tax collection and other government incomes. Revenues totaled 3.64 trillion yuan ($587.67 billion) in the first quarter, data from the Finance Ministry showed on Thursday. In March, China’s fiscal revenues totaled 1.069 trillion yuan, up 5.8 percent from a year earlier, the ministry said.

China to ban water-polluting paper mills, oil refineries

By Kathy Chen and Dominique Patton BEIJING (Reuters) – China will ban water-polluting paper mills, oil refineries, pesticide producers and other industrial plants by the end of 2016, as it moves to tackle severe pollution of the country’s water supply. The long-awaited plan comes as the central government steps up its “war on pollution” after years of industrial development that have left one-third of China’s major river basins and 60