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China Dongfeng Automobile Net Profit up 79 Pct Last Year: [object Object]

China's Goldwind Plans to Invest More in Offshore Wind Turbine Production: Goldwind, a leading Chinese wind turbine maker, plans to invest more in offshore wind turbine production by reallocating funds originally planned for onshore turbine production. Goldwind plans to shift 145 million yuan (22 million U.S. dollars) previously planned for a MW-level ...

China May Double 5-year Goal for PV Capacity after Japan Nuclear Leak: China is discussing to lift its five-year goal for solar photovoltaic (PV) industry capacity from five gigawatts (GW) to 10 GW, a National Energy Administration (NEA) official told Xinhua Wednesday. Shi Lishan, deputy director of the renewable energy department at the NEA, ...

CNOOC to Acquire One-third of 3 Exploration Areas in Uganda for 1.47 Bln USD: China National Offshore Oil Company Limited (CNOOC Ltd.) said on Wednesday that it has signed an agreement with U.K.-based Tullow Oil plc (Tullow) for a one-third interest in three exploration areas in Uganda for 1.467 billion U.S. dollars. The transaction, which is subject to ...

China's PMI Rises to 41.2% in Dec.: The Purchasing Managers' Index (PMI) of China's manufacturing sector climbed 2.4 percentage points month-on-month to 41.2 percent in December, China Federation of Logistics and Purchasing (CFLP) told. The index has been lower than 50 percent for three consecutive months. It was ...

Cambodia to Strengthen Disclosure Rules for Banks: The National Bank of Cambodia (NBC) will carry out more reforms to strengthen the disclosure rules for banks for the sake of financial safety, national media said on Monday. "The next areas of reform will encompass enhancing corporate governance and disclosure rules for banks," ...

Indonesia's Export Falls in November: Indonesia's overseas sales weakened by 2.36 percent to 9.01 billion U.S. dollar in the month compared to the same period last year, deputy for Statistic distribution and services of the agency Ali Rosidi announced. The global financial routs have hit the sectors of textiles, coal...

Indonesian Central Bank Cuts Rate by 50 Basis Point to 8.75%: The Indonesian central bank Wednesday slashed its benchmark interest rate by 50 basis points to 8.75 percent following the good outlook of inflation to spur growth, according to a statement by the bank. The 50 basis point cut is in line with the recent demand from the government ...

Eurozone Economic Confidence Falls to Record Low in December: Economic confidence in the euro zone declined in December 2008 to its lowest level in at least 23 years, a survey from the European Commission showed Thursday. The economic sentiment indicator (ESI) in the 15-nation bloc sharing the euro fell by 7.8 points to 67.1 in December, ...

Premier Wen: China Can Be First to "Recover" from Crisis: The country could be the first to recover from the global financial crisis, and will introduce more measures in the next two months to bolster the economy, Premier Wen Jiabao has said. "Our aim is to be the first to recover from the financial crisis. We must have faith and ...

UK Trade Deficit Widened to 4.5 Bln Pounds in November: Britain's trade deficit soared to 4.5 billion pounds (6.8 billion U.S. dollars) last November from the previous month's 3.9 billion pounds (5.9 billion dollars), due to a sharp export decline, according to statistics published by the country's National Statistics Bureau on ...

China Suspends Fuel Surcharges on Domestic Flights: China will suspend fuel surcharges on domestic flights from Jan. 15 due to fall in kerosene prices, China's top economic planner and the Civil Aviation Administration of China (CAAC)jointly announced Wednesday. Future fuel surcharges would be decided on kerosene price changes, ...

ECB Cuts Interest Rate by 50 Basis Points: The European Central Bank (ECB) on Thursday announced that it decided to cut interest rate by 50 basis points to 2 percent following a rate setting meeting here in Frankfurt.

S Korea, EU to Hold High-Level Free Trade Talks: Trade Ministers from South Korea and the European Union (EU) will hold high-level free trade talks in Seoul this afternoon, Trade Ministry said Monday. According to the Ministry, South Korean Trade Minister Kim Jong-hoon and EU counterpart Catherine Ashton will meet for two days ...

EU Approves French, Portuguese State Aid Program for Small Businesses: The European Commission said on Monday it had authorized France and Portugal to provide temporary state aid of no more than 500,000 euros (about 660,000 U.S. dollars) to small businesses hard hit by the financial crisis. In both countries, the scheme will allow state, regional or ...

Bank of Canada Cuts Rate by 0.5% Point: The Bank of Canada on Tuesday cut its main interest rate by half a percentage point to one percent, the lowest in its history, in a bid to stimulate the economy and boost lending to consumers and businesses. The bank has slashed 1.5 percentage points from its rate since last ...

China's Economy Grows 9% in 2008: China's economy cooled to its slowest pace in seven years in 2008, expanding 9 percent year-on-year as the widening global financial crisis continued to affect the world's fastest-growing economy, official data showed Thursday. Gross domestic product (GDP) reached 30.067 trillion ...

EU Current Account Deficit Shoots Up in Third Quarter: The European Union (EU) current account deficit shot up to 39.5 billion euros (about 51.3 billion U.S. dollars) in the third quarter of 2008, the EU's statistics bureau Eurostat said on Thursday. The deficit was dramatically revised up from a previous estimate, in which Eurostat ...

S. Korea' Export Marks Record Drop in January: S. Korea's exports made a record decline of 32.8 percent in January from the same period in the previous year due to the cutback in the overseas demand for locally made goods along with the global economic recession, according to a government report on Monday. The report by the ...

Singapore, US Central Banks Extend Reciprocal Currency Arrangement: The Monetary Authority of Singapore (MAS) said on Tuesday night that it extended a reciprocal currency arrangement of 30 billion U.S. dollars with the United States Federal Reserve to the end of October 2009. The temporary reciprocal currency arrangement (swap line) was first ...

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Court rejects Apple lawsuit over iPad name: Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

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Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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