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China Telecom Sector Reports 6.6 Pct Rise in Main Business Revenue: China's telecom industry reported 819.03 billion yuan (122.98 billion U.S. dollars) in main business revenue for the first 11 months, up 6.6 percent year on year, the Ministry of Industry and Information Technology (MIIT) announced Tuesday. The MIIT released subscriber data that ...

Asian Market Roundup Dec 20: China Chinese shares fell Monday with the benchmark Shanghai Composite Index closing down 1.41 percent, or 40.82 points, to end at 2,852.92 points. The Shenzhen Component Index declined 1.58 percent, or 202.05 points, to end at 12,557.55. Total turnover increased to 280.01 ...

Eurozone Consumer Confidence Drops in December: Flash consumer confidence for the Euro area dropped in December after six months of improvement, the European Commission said on Monday. The consumer confidence indicator dropped from -9.4 in November to -11.0 in December, according to the monthly survey conducted by the European ...

China's Lottery Sales for Nov. Up 37 Percent: Figures: China's lottery sales for November rose 36.9 percent year on year to 16.02 billion yuan (2.4 billion U.S. dollars), the Ministry of Finance (MOF) announced Monday. The November figure took sales of lottery tickets in the first 11 months of the year to 149.06 billion yuan, a year...

Int'l Board to Bolster China's Stock Market: As China approaches the opening of its stock market to overseas firms, experts believe the move will boost the development of the nation's capital market and help soak up excessive liquidity. Signs of establishing the long awaited International Board next year have become more ...

U.S. Rig Count Down by 14 to 1,709: Oil and natural gas rigs operating in the United States fell from a 23-month high, from 1723 to 1709, this week, according to a weekly rig count released Friday by Houston-based oil service company Baker Hughes Inc. Of the total, 941 rigs were exploring for natural gas, down by 7 ...

Dollar Extends Gains on Irish Debt Downgrade: The U.S. dollar rose against most major currencies in late New York trading on Friday as the euro was struck by the downgrade of Ireland's credit rating. Moody's slashed Ireland's credit rating by five notches to Baa1 from Aa2 on Friday and warned further downgrades could follow ...

U.S. Stocks End Mixed as Positive Data Offset Debt Concerns: U.S. stocks wavered and closed mixed on Friday as the market turned directionless in the midst of more improvements in the U.S. economy and euro zone debt concerns. Following the release of a slew of positive data in retail sales, factory output and housing starts, the Conference ...

Oil Falls Sharply on Profit-taking: Crude prices on Thursday fell sharply below 90 U.S. dollars a barrel as investors took profits before year-end. Oil declined from its 26-month high above 91 dollars a barrel despite the supportive inventories drop and economic data. U.S. Energy Information Administration reported ...

Asian Market Roundup Dec 30: China Chinese equities continued Wednesday's rise, with the benchmark Shanghai Composite Index up 0.29 percent, or 8.04 points, to close at 2,759.57 points on Thursday. The Shenzhen Component Index gained 0.2 percent, or 24.33 points, to close at 12,138.9 points. Hong Kong stocks ...

Yuan Hits New Record High of 6.6229 per USD: The Chinese currency, the yuan, strengthened Thursday to a record 6.6229 per U.S. dollar, after 10 consecutive days of gains. The central parity rate of the currency, also known as the renminbi (RMB), was set 18 basis points stronger than Wednesday's 6.6247. The previous record ...

Asian Market Roundup Dec 29: China Chinese equities closed higher in thin trading on Wednesday, with the benchmark Shanghai Composite Index up 0.68 percent, or 18.54 points, to close at 2,751.53 points. The Shenzhen Component Index gained 0.42 percent, or 50.76 points, to close at 12,114.56 points. The Hang ...

China's Yuan Strengthens Against USD for 9th Consecutive Day: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6247 per U.S. dollar Wednesday, compared with Tuesday's 6.6252, according to data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the ...

China to Set up Rare Earth Industry Group: Related: China Sets First Round of 2011 Rare Earth Export Quotas China will have more say on rare earth prices as the country's 93 major rare earth-related enterprises move to establish an industry association, the First Financial Daily reports. The association, expected to form ...

Asian Market Roundup Dec 28: China China's stocks slid for a fifth day Tuesday as market expectations for further rate hikes from the central bank to trim down inflation stayed. The benchmark Shanghai Composite Index fell 1.66 percent, or 46.18 points, to finish at 2,735.22 points. The Shenzhen Component ...

Chinese Medicine Herbs Prices Surge in Singapore: The prices of most herbs used in traditional Chinese medicine (TCM) rose by 30 percent this year in Singapore. Local herbs wholesalers contribute the price increase to the stronger Chinese currency and herbus supply shortages, local English daily the Straits Times reported on ...

OPEC Weekly Oil Price Gets Nearly $90 Per Barrel: The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) continued to rise slightly last week, reaching 89.81 U.S. dollars per barrel, the Vienna-based cartel said Monday. OPEC weekly average prices kept increasing for the fourth week last week, ...

China Stocks Fall after New Rate Hike: Chinese stocks weakened Monday after the nation's central bank hiked rates on Saturday and amid speculation further monetary policy tightening to combat inflation is in the offing. The benchmark Shanghai Composite Index fell 1.9 percent, or 53.76 points, to finish at 2,781.4, ...

Asian Market Roundup Dec 27: China China's stocks closed down Monday with the benchmark Shanghai Composite Index down 1.9 percent, or 53.76 points, to finish at 2,781.4 points. The Shenzhen Component Index fell 2.02 percent, or 253.66 points, to end at 12,303.19 points. Japan Japanese stocks rebounded Monday...

China: Row rumbles on over dumping duty on Chinese glass fibre: p>The European Composites Industry Association has restated its fears of damage to European composites producers from raised import duty on continuous filament glass fibre products from China. The duty 43 6 per cent is being imposed as a punitive measure by the EU Member States ...

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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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Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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

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

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