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Hong Kong to foster economic diversification

Hong Kong's Financial Secretary John Tsang Wednesday said, in addition to the city's developing six industries, the government is committed to promoting wine trading and exploring opportunities in emerging markets to promote the diversification of its economy. Tsang mentioned ...

Oil rises on U.S. inventories, Q3 GDP

Crude prices on Wednesday rose for the fourth straight day and hit its 26-month high as U.S. weekly crude oil inventories dropped by 5.3 million barrels last week and GDP growth for the third quarter was revised higher to 2. 6 percent. Light, sweet crude for February delivery ...

Chinese stocks drop as fuel price increase stirs inflation fears

Chinese equities fell Wednesday as fresh inflation concerns mounted after authorities announced an increase in fuel prices late Tuesday. The benchmark Shanghai Composite Index dropped 0.9 percent, or 26.21 points, to finish at 2,877.9 points. The Shenzhen Component Index lost 0...

China GDP to hit 37 trillion yuan mark in 2010

A leading Chinese government think tank in a research report issued Wednesday predicted that China's economy in 2010 would grow 10 percent year on year with gross domestic product (GDP) reaching 37 trillion yuan (5.56 trillion U.S. dollars). In its annual Blue Book of China's ...

Biggest Chinese business park opens in Spain

The biggest Chinese business park in Spain opened Thursday in the town of Fuenlabrada, just south of Madrid. The "Plaza de Oriente" (Square of the East), located in the Cobo Calleja industrial estate, which already houses many Chinese owned businesses and warehouses, mainly ...

Brazil and China seek cooperation in stock market

Brazilian and Chinese stock market representatives participated on Tuesday in the first Brazil-China Capital Markets Forum, in Sao Paulo, to seek joint business opportunities in the sector. In the forum, which was sponsored by the Sao Paulo and Shanghai Stock Exchanges, the ...

Brazil's Petrobras keen on cooperation with China

Brazil's state-controlled oil and gas giant Petrobras is analyzing future cooperation opportunities with Chinese companies, the company's CEO Jose Sergio Gabrielli said on Monday. There are opportunities for cooperation in practically all sectors in which Petrobras operates, and ...

Oil price climbs at two-year high

Oil jumped to the highest level in more than two years as the unrest in Libya escalated, media reported Tuesday. Brent crude - one of the world's benchmarks for petroleum prices - rose 3.1 percent to $105.70 a barrel in London on Monday. The price of West Texas Intermediate, ...

U.S. stocks gain on positive earnings, manufacturing data

The U.S. stocks rose on Thursday amid positive earnings and manufacturing data, despite a jump in jobless claims and unrest in the Mideast. The Dow Jones industrial average jumped to a new 2.5-year high, gaining 29.97 points, or 0.24 percent, to 12,318.14. The Standard & Poor's ...

China to improve regulation of total social financing: central bank

China is looking to establish an effective regulatory system for total social financing, an official with the country's central bank said Thursday. The new bank lending volume does not completely reflect the relationship between finance and the economic conditions and the actual ...

VP pledges sound environment for Sino-US business cooperation

Chinese Vice Premier Wang Qishan told a US business delegation Tuesday that China would create a sound environment for business cooperation between the two countries.

Guinea, China eye strengthened bilateral cooperation

Guinean President Alpha Conde said Monday while meeting with visiting Chinese Foreign Minister Yang Jiechi that Guinea hopes to expand cooperation with China in a wide range of fields. Conde said Guinea values the traditional friendship with China, is grateful to China's ...

China to launch yuan options trading

China will launch yuan options trading, the government said on Wednesday, a market that will help pave the way for a more flexible exchange rate but will be limited in scope at first. The move is Beijing's boldest attempt yet to give firms more hedging tools to cope with steady ...

Britain seeks more business chances in Philippines

The United Kingdom is keen to join the Philippine government's public-private partnership (PPP) initiative as it wants to expand trade relations with the key emerging economy, British ambassador said here Friday British Ambassador to the Philippines Stephen Lillie said his ...

Yuan appreciation won't help solve U.S. problems

As unemployment numbers have soared in the United States, China-bashing has become legitimate in the eyes of some politicians who claim the "undervalued" yuan gives Chinese exports an unfair advantage. However, the real problem is that the US doesn't save, says Morgan Stanley ...

Iran, Turkey to boost trade volume

Iranian President Mahmoud Ahmadinejad said on Monday that his country is determined to triple the value of annual trade ties with Turkey, the local satellite Press TV reported. "We are determined to immediately increase the value of our annual trade ties with Turkey to 30 billion ...

Caution as China's economy overtakes Japan's

China still has a long way to go to improve its economy, despite formally overtaking Japan as the world's second largest economy, experts said. Japan's gross domestic product (GDP) reached $5.47 trillion last year, compared to $5.88 trillion for China, Japan's Cabinet Office said ...

China's Jan CPI up 4.9%, less than market expectations

China's consumer inflation rose in January on surging food prices, but increased less than market expectations. The consumer price index (CPI), the main gauge of inflation, rose 4.9 percent in January year on year, the National Bureau of Statistics (NBS) announced Tuesday. The ...

China sets up mechanism to oversee foreign mergers, acquisitions of domestic firms

The general office of the State Council, or China's Cabinet, has decided to establish a ministerial joint committee for undertaking national-safety reviews of foreign mergers and acquisitions of domestic firms. That was learned from a circular posted on www.gov.cn, the Chinese ...
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finance

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trade

sports

Yao's gift of sport for all
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