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China's Monetary Policy key for Precious Metals: Puru Saxena

Puru Saxena is watching China closely these days. The founder of Hong-Kong based Puru Saxena Wealth Management said that China, a substantial user of commodities and natural resources, impacts the direction of precious and base metals prices. Well China is probably the second ...

China Said to Set Government Economic Policy Meeting Date for Dec. 10-12

China's government will hold an annual economic conference in Beijing late next week to set guidelines for monetary and fiscal policy in 2011, two people with knowledge of the matter said. Officials may discuss lending and inflation targets at the Dec. 10-12 meeting, one of the ...

U.S. economic policy food for thought in China

What do garlic, the Federal Reserve and your job have in common? Chinese leaders are complaining that the medicine the Federal Reserve is using to heal the U.S. job market is playing a major role in making food more expensive for Chinese consumers. Many commodity prices are ...

Chinese yuan rises to new high against US dollar

During early Asian trading, the Chinese yuan rose to a new high of 6.6235 against the US dollar as the People's Bank of China set the yuan's central parity rate at a record high of 6.6936. The central parity rate for the dollar-yuan pair was up from Tuesday's 6.7051. The domestic ...

Price controls spark shortage?

The latest round of government price control measures has pundits making predictions, both optimistic and wary. One industry insider is suggesting that instead of holding prices steady, these measures may actually drive prices up, given limited marketing supplies. "The tightening ...

Forex-China-Monetary tightening must tag menacing inflation

EMGA CNY DATA M/T-Monetary tightening must tag menacing inflation Charlie Lay, Connie Tse * Central Economic Work Conference (CEWC) endorses the need to speed up policy tightening * PBOC hiked RRR for 6th time last Friday but system still flushed with liquidity as Nov CPI jumps ...

China faces tough battle on inflation: economist

BEIJING (Reuters), Dec 13-Inflation in China is more broad-based and stubborn than many economists had expected, forcing the central bank to rely on a mix of tightening measures to rein in prices, Gao Shanwen, chief economist at Essence Securities, said on Monday at the Reuters ...

China's Fisheries Maintain Rapid Development

CHINA - Steady and rapid development of the Chinese fishing sector has continued, according to the Ministry of Agriculture. Over the past five years,the output of aquatic products has kept an annual growth rate of about four per cent with continuously improved product mix and ...

China starts new decade with inflation fight

HONG KONG (MarketWatch) -- We have heard many times this will be China s century, but the second decade could prove tougher than the first. Last year's massive stimulus may have secured another year of 10% plus GDP growth but it came at a cost to the economy in terms of soaring ...

Wal-Mart may sell yuan-denominated bonds in Hong Kong

Wal-Mart Considers Selling Yuan Bonds in Hong Kong Wal-Mart Stores Inc., the world s largest retailer, is considering selling yuan bonds in Hong Kong as China opens its markets, according to Asia Chief Executive Officer Scott Price. The company is considering options that may ...

Increased sales outside Spain help boost Inditex profit

Inditex profit surges 63% on expansion outside Spain Inditex SA, the world s largest clothing retailer, said first-quarter profit jumped 63 percent, beating analyst estimates, as the company increased sales outside its home market of Spain. Net income in the three months through ...

Japan's Laox looks to ramp up expansion plans

Japan s Laox eyes more stores to fuel growth * Eyes expansion beyond two large outlets already planned * Does not rule out new share issue as option for funding * Relaxed visa requirement and stronger yuan to help growth Laox, a Japanese electronics retailer controlled by China's ...

Retail sales in Brazil exceeded forecasts in January

Brazil retail sales accelerate in January, topping forecasts Brazilian retail sales rose by more than expected in January as domestic demand continued to drive Latin America's largest economy forward in 2010. January retail sales went up a seasonally adjusted 2.7% compared with ...

China s Foreign Trade up 45.2 Pct in February

China s Foreign Trade up 45.2 Pct in February From: Xinhua China s exports grew for the third straight month in February, up 45.7 percent year on year to 94.52 billion U.S. dollars, which indicated a rebound in global demand, the General Administration of Customs announced ...

China s export recovery adds pressure to pare stimulus measures

China s export recovery adds pressure to pare stimulus measures From: China Daily China s exports rose more than forecast in February and posted a third straight gain, a rebound that adds to pressure on policy makers to pare back stimulus measures adopted during the global ...

China s housing prices hit new high in February

China s housing prices hit new high in February From: Xinhua China s property market grew at the fastest pace in 20 months in February, with housing prices rising at a double digit rate, despite the government s cooling-down moves, according to data released Wednesday by the ...

Minister of Commerce: economic stimulus plan to be fine-tuned

Minister of Commerce: economic stimulus plan to be fine-tuned On March 8, Chinese commerce minister Chen Deming stated at the second Plenary Session of the third Session of the 11th NPC that China will reform the RMB exchange rate in the gradual and controllable form, and Chinese ...

Chinese official warns of risk if yuan rises

Chinese official warns of risk if yuan rises A senior Chinese trade official warned that any further appreciation of the Chinese currency risked driving exporters out of business, underscoring the domestic political pressures on Beijing amid growing international calls for China ...

UN agency, experts refute yuan revaluation

UN agency, experts refute yuan revaluation A revaluation of the Chinese yuan as recently demanded by the United States won t solve world trade imbalance and may even endanger the world economy, experts and a UN agency said. The burden of rebalancing the global economy should not ...

China s economy faces tough year

China s economy faces tough year From: Global Times Premier Wen Jiabao said Sunday he fears social stability and even the solidarity of the ruling power face the threat of looming inflation, unfair income distribution and corruption. At his annual press meeting after the ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
Canada's main stock index tumbles over asset loss in emerging markets
Canada's main stock index tumbles over asset loss in emerging markets
TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
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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