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China sees sharp rise in funds outstanding for foreign exchange in January

BEIJING, March 2 (Xinhua) -- China' s funds outstanding for foreign exchange (FOFE) rose to 23.08 trillion yuan (3.51 trillion U.S. dollars) at the end of January, up 24.39 percent or 501.65 billion yuan from December, according to the People's Bank of China, or the central bank, ...

China's yuan strengthens 28 basis points to 6.569 per U.S. dollar Thursday

BEIJING, March 17 (Xinhua) -- The Chinese currency, or the yuan, on Thursday strengthened 28 basis points against the U.S. dollar from Wednesday. The central parity rate was set at 6.569 yuan per U.S. dollar, compared with 6.5718 yuan per U.S. dollar on Wednesday, according to ...

China's March PMI of manufacturing sector rises amid monetary tightening

BEIJING, April 1 (Xinhua) -- China's manufacturing expanded at a faster pace in March, suggesting resilience of the economy amid concerns that monetary tightening measures would result in an economic slowdown. The Purchasing Managers Index (PMI) of China's manufacturing sector ...

Mothercare committed to China sourcing

The head of British mother and baby products retailer Mothercare (MTC.L) said China's vow to allow greater currency flexibility would not prompt the company to look for better sourcing opportunities elsewhere. Speaking at the Reuters Consumer and Retail Summit on Monday, chief ...

China becomes biggest exporter, edging out Germany

Total 2009 exports were more than $1.2 trillion, China's customs agency said Sunday. That was ahead of the 816 billion euros ($1.17 trillion) forecast for Germany by its foreign trade organization, BGA. China's new status is mostly symbolic but highlights its growing presence as ...

Sino-U.S. Agreement on Yuan Exchange Rate Report Untrue

According to the media reports, China's Vice Minister of Commerce Zhong Shan said at the ongoing 107th China Import and Export Fair in Guangzhou that the yuan exchange rate would remain basically stable after discussions between the two sides. But the MOFCOM spokesperson refuted ...

China faces most complicated year

Since the world economy still faces the risk of "double dip", China has to strike a balance between maintaining economic growth, adjusting economic development model and managing inflation expectations, Wen told reporters after the conclusion of the annual parliamentary session. ...

China plays its function at work on metals markets

China plays its function at work on metals markets The market needed a healthy correction from these fantastic gains and late January has been the time for it possibly compounded by the Chinese New Year holidays beginning February 14, 2010. Rising stockpiles in the LME warehouses ...

Shares close lower despite M&A buzz

Shares close lower despite M&A buzz Shares close lower despite M&A buzzLondon leading share index is back below the 6,000 point mark after a sluggish day which saw downbeat miners offsetting mergers and acquisitions excitement. Miners such as Kazakhmys and Fresnillo were out of ...

Fairfax Market Report including EMED Mining, Baobab Resources, Wolf Mineral and Sirius Minerals

Fairfax Market Report including EMED Mining, Baobab Resources, Wolf Mineral and Sirius Minerals High commodity prices combine with higher energy price levels to squeeze manufacturing margins, making currency rates ever more critical. The impact of rising commodity prices is now ...

Metals under pressure with Chinese growth outstrips forecasts

Metals under pressure with Chinese growth outstrips forecasts Base metals consolidated on the LME on Thursday morning after the heavy sell-off of the past 24 hours as bearishness unfolded after the release of Chinese figures showing its economy is growing faster than policymakers ...

Fairfax Market Report

Fairfax Market Report High commodity prices combine with higher energy price levels to squeeze manufacturing margins, making currency rates ever more critical. The impact of rising commodity prices is now more quickly passed on to end users and is now a much greater proportion of ...

Mega Uranium Offers Australian Update

Mega Uranium Offers Australian Update Test Pit Program Completed in Mega's Lake Maitland Project - Plans for Exploration Drilling Adjacent to the Lake Maitland Project - Plans for exploration drilling on Mega's 100% owned: -- Kintyre Rocks Project (Western Australia) -- Ben Lo ...

Metals seek directional cues, buyers have no stamina

Metals seek directional cues, buyers have no stamina Base metals drifted on the LME on Friday morning, treading water above intraweek lows, but the bulls lacked the impetus to push prices higher. Metals were mixed, with copper and tin suffering as longs liquidated their positions...

Metals seek directional cues, buyers have no stamina

Metals seek directional cues, buyers have no stamina 2011 2 20 Base metals drifted on the LME on Friday morning, treading water above intraweek lows, but the bulls lacked the impetus to push prices higher. Metals were mixed, with copper and tin suffering as longs liquidated their ...

US Renewable Energy Investment Potential Part I

US Renewable Energy Investment Potential Part I In this special two part series we will look at the investment potential from President Barack Obama's challenge during the State of the Union address: to generate 80 percent of the electricity with renewable sources by the year ...

China's yuan hit record high against USD on Monday

The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per U.S. dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would further the reform ...

China's yuan rises to new high against U.S. dollar

The Chinese currency, or the yuan, on Thursday rose to a fresh high of 6.5849 against the U.S. dollar, according to the China Foreign Exchange Trading System. The central parity rate of the yuan, or RMB, was 1 basis point higher than the previous record of 6.585 set on Feb. 9, ...

Vietnam: Adjusting imports to ease reliance on China

It s necessary to adjust the structure of imports from China in order to ease the trade deficit and march towards balancing trade with Vietnam s largest trading partner, according to Bui Huy Son, Director of the Trade Policies for Asia Pacific under the Ministry of Industry and ...

PSU maker AcBel saw revenues increase but gross margin drop in 2010

Taiwan-based power supply unit PSU maker AcBel Polytech has announced consolidated revenues of NT$22.08 billion US$745.82 million for 2010, up 24.19% on year; however, the company's gross margin dropped from 17.56% in 2009 to only 14.95% in 2010, and so its net profit only ...
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Latest World News

china

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 ...

world

market

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 ...

company

industry

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 ...

trade

sports

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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