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Australia : Prices of all wool micron ranges fall: The Australian wool market finished 2.4% lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 25¢ (-2.7%), ending the week at 910¢/kg. This reflected decreases of 27¢ (-2.8%) in the North and 23¢ (-2.5%) in the South, with their ...

USA:Cotton rides wave of buying: Wednesday session reminded us all how volatile this market can be. A positive open took the futures market to 120 points higher even before the options pit open. As early morning options activities were mixed, cotton was riding the wave of buying in crude oil and grains. NYF ...

India:Effects of rupee appreciation on textile industry: The Textiles trade bodies and associations have represented that the appreciation of the rupee vis-à-vis US dollar during 2007, has adversely affected the exports of textiles and clothing from India. However, trade statistics available for the period April-December, 2007 indicate ...

Australia:AWEX EMI rise by 6Â¢: In a better week, the Australian wool market finished 0.3% higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 6¢ (+0.7%), ending the week at 890¢/kg. This reflected a decrease of 2¢ (-0.2%) in the North and an increase of 12¢ (+1.4%) ...

Industry: Weak dollar puts America outside luxury's "Golden Triangle": Ahunky DJ, wearing not much more than his multitude of tattoos, pounded out a toxic mix of house and rave music. Above his head, a gallery filled with scantily dressed couples, including women in tiny bikinis, gyrated to the music. And on the runway, models, male and female, led ...

Mundell: RMB should be gradually stabilized: BERLIN, Aug. 23 (Xinhua) -- The exchange rate of the Chinese yuan against the dollar should be stabilized gradually in period of time, said Nobel economics laureate Robert Mundell Saturday. Mundell, who is dubbed "father of the euro" made the remarks when addressing a conference ...

India: 25% drop in winter season garment export orders: An apex body of garment exporters today called for a hike in duty drawback rates, research and development assistance of 6 per cent and income tax exemption for five years to offset the huge losses piling up due to current global economic slowdown. The Apparel Export Promotion ...

Report on the Apparel Industry Outlook for 2009: At the beginning of 2008, the apparel industry was focused on fears that Chinese prices would go through the roof as rising wages, new labour laws, worker shortages, the appreciation of the yuan and higher exporting costs took hold - sending many buyers in search of cheaper ...

China to further reform RMB exchange rate regime: BEIJING - The People's Bank of China, China's central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a spokesperson of the central bank said Saturday. The decision was made in view of the ...

Summary of Urban Depositors Survey Quarter 3 2008: In the second half of August 2008, the PBC conducted a survey on urban depositors in 50 large, medium and small-sized cities across the country. 20,000 valid responses were received. The survey findings are as follows: 1.Both the current income satisfaction index and the future ...

Notice of the People s Bank of China and the China Banking Regulatory Commission on Promoting the Economical and Intensive Use of Land through Finance: PBC Document [2008] No. 214 In order to implement the Circular of the State Council on Promoting the Economical and Intensive Use of Land (State Council Document [2008] No. 3) and put the active role of finance in promoting the economical and intensive use of land into full play, ...

PBC Spokesman Interviewed for the Passage of the Emergency Economic Stabilization Act of 2008 by the U. S. Congress: On the morning of October 4, 2008, the PBC spokesman answered questions from the media on issues concerning the passage of the Emergency Economic Stabilization Act of 2008 by the U. S. Congress. The spokesman said, the Chinese government has been closely watching the developments ...

PBC Decides to Cut Benchmark Lending Rates and Reserve Requirement Ratio: In order to implement the instructions of the CPC Central Committee and the State Council on economic work in the latter half of the year, the PBC has decided to cut RMB benchmark lending rates for financial institutions and the reserve requirement ratio for small and medium...

Financial Market Performance in August 2008: The attached file is in PDF format. You must have the Acrobat Reader installed to open the file. attachment FinancialMarketPerformanceinAugust.pdf

Summary of 5000 Enterprises Business Survey for the Third Quarter of 2008: In Q3 2008, the business survey conducted by the People s Bank of China collected 5000 responses, the result of which shows the following: 1. The macroeconomic index declined considerably, and the expectation of economic slow down for the next quarter intensified. The survey ...

Change in Corporate Goods Prices August 2008: The attached file is in PDF format. You must have the Acrobat Reader installed to open the file. attachment ChangeinCorporateGoodsPrices,August2008.pdf

Guide the Reasonable Growth of Money and Credit, Optimize Credit Structure, and Step Up Credit Support to the Agricultural Sector, Small Enterprises and Post-disaster Reconstruction: Since the beginning of 2008, under the leadership of the State Council, China has overcome the difficulties brought about by adverse impacts of international economic situation and major domestic natural disaster. The national economy has been developing in a sound and relatively ...

Financial Performance Remained Stable in August: Money supply grew 16%. At end-August 2008, broad money (M2) stood at RMB 44.9 trillion, increasing 16% year on year, down 0.35 percentage points from the end of last month. Narrow money (M1) registered RMB 15.7 trillion, rising 11.48% year on year, down 2.48 percentage points ...

PBC Spokesman Interviewed for the Takeover of the Fannie Mae and Freddie Mac by the U.S. Government: The spokesman of the People s Bank of China (PBC) said in an interview that the PBC paid great attention to the package of relief measures taken by the U.S. Treasury on September 7, 2008 that aimed to ease pressures from the two ailing mortgage giants. The PBC believed that these ...

1st Governor-level PBC- ECB Meeting Held: At the invitation of ECB President Mr. Jean-Claude Trichet, Governor ZHOU Xiaochuan paid an official visit to the ECB on September 5, 2008, and co-chaired the first PBC-ECB working group meeting at the President/Governor-level. The two parties conducted an in-depth discussion and ...

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