The China Foreign Exchange Trade System (CFETS), also known as the National Interbank Funding Center (the Center), a sub-institution of the People's Bank of China (PBC), has announced that the RMB exchange rate on July 17, 2013, was 1 US ...
Tags: Cotton Import, Tariff Rate
THE sharemarket opened strongly following news China will lift controls on lending interest rates. At 10.10am AEST the benchmark S&P/ASX200 index was up 49.4 points, or 0.99 per cent, at 5021.5, easing to 5,007.3 by 10.25am for a total ...
Tags: lending interest rates, china, economy
Recently, great news come from Baosteel finance company. As the only pilot access network enterprise, officially, Baosteel finance company participate in the People's Bank of China Shanghai headquarters cross settlement comprehensive ...
Tags: Metallurgy, Mineral, Energy, steel
China formally announced a thorough decontrol over lending rates of financial institutions on July 20. Approved by the State Council, the Chinese cabinet, the People's Bank of China (PBOC), the central bank, said on July 20 that the ...
Tags: lending rates, commercial principles, china
The Australian dollar gained after China's central bank said it would lift controls on lending interest rates, allowing financial institutions to set them. At 6.30am AEST the local unit was trading at 91.83 US cents, up from 91.71 cents ...
According to the related information, the preliminary accounting results of GDP for the first half of 2013 are as follows: Preliminary Accounting Results of GDP for the First Half of 2013 Absolute Value ...
In the first half of 2013, faced with the complicated and volatile economic environment at home and abroad, the Central Party Committee and the State Council have committed to the general tone of making progress while ensuring the ...
Strength in the resources sector has pushed Australian shares higher, although the market lost some ground after China's finance minister lowered expectations for the country's economic growth. The S&P/ASX200 index passed 5000 points in ...
Tags: China Gloom, Miners
Recently, REFOND said that the recent capacity expansion has eased its capacity bottlenecks, while in the case that backlight procurement is transferring and demand in lighting market is accelerating, the expansion will be helpful for the ...
The Chinese government has been busy probing Western firms this week. On Monday, the country announced it would investigate EU wine dumping into the Chinese market, an action that could see prices hiked on imported wine this year. On ...
Tags: Agriculture, Food
The Cotlook A Index rose to 96.65 cents per pound around mid-June 2013 before receding to the low 90s cents level towards the end of the month. On June 12th, the USDA increased 2012/13 U.S. export estimate to 3 million tons due to ...
Tags: Chinese Policy, World Cotton PricesWorld Cotton Prices
What does it take to shake the Chinese market? If stock turmoil in Shanghai and talk of bank default don't strike fear in the heart of the nation, images of a metropolis falling into a chasm will perhaps do the trick. An image from the ...
Tags: Cash Squeeze, Banks
Bank of China, one of China's big four state-owned commercial banks, has stated in a report that China's gross domestic product (GDP) growth is expected to rebound to 7.8 percent in the third quarter of this year, amid acceleration of ...
Tags: Chinese GDP
MasterCard didn't make a peep earlier this month when word leaked that Beijing had halted the company's transactions in renminbi. Leaked documents didn't show when the payments were terminated, but the central bank effectively stopped the ...
Tags: MasterCard, Foreign Firms, Credit Cards
THE sharemarket recovered strongly from a six-month low,with the resources sector leading gains after the People's Bank of China vowed to prevent a credit crunch in Australia's biggest trading partner and the world's second-largest economy. ...
Tags: sharemarket, trading partner, BHP Billiton, Rio Tinto