The World Bank on Tuesday kept its forecast for China's economic growth rate for 2017 unchanged at 6.5 percent, saying that the economy will continue sustainable growth as it is rebalancing from manufacturing to services, despite reemerging ...
Tags: World Bank, Chinese Economy
"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...
Olam International has entered into a $175m five-year loan agreement with IFC, a World Bank Group unit, to fund its working capital and capital expenditure requirements for four of its food processing facilities in Nigeria and India. The ...
Tags: Olam, IFC, Food Processing Facilities
SRF Limited is reportedly investing close to $58m in building a new biaxially-oriented polyethylene terephthalate (BOPET) film production plant in the Indian state of Madhya Pradesh Of the total investment, around $40m will be provided ...
Tags: SRF Limited, BOPET film
The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...
Tags: Economic Crisis, investment banks
The China-initiated Asian Infrastructure Investment Bank (AIIB), a complement to existing international financial system, was formally established Friday in Beijing and expected to start operation early next year. "The AIIB is legally ...
Tags: AIIB
China's climate endeavors, including its self-imposed commitments and extensive diplomatic efforts before and during the Paris climate talks, have been an indispensable part of global efforts leading to the making of final breakthrough at ...
Tags: Paris Climate Talks, greenhouse gas, global temperature
Certain LED manufacturers have turned their attention to niche lighting market applications in the wake of declining LED profits, but MLS is ambitiously vying the IC semiconductor industry and emerging markets to boost its profitability in ...
Tags: MLS, IC Semiconductor, LED display
LyondellBasell, one of the world's largest plastics, chemical and refining companies, today announced that it has entered into a definitive agreement to acquire the polypropylene (PP) compounding assets of Zylog Plastalloys (Zylog) of ...
Tags: LyondellBasell, PP compounds
China has adopted International Monetary Fund rules aimed at helping to improve the transparency, reliability and international comparability of the country's statistics. The move, announced on Thursday, is being viewed by Beijing-based ...
Tags: IMF, Economic Statistics
Despite foreign and domestic challenges facing the Chinese economy, including the recent turbulence in the stock market, former Australian prime minister Kevin Rudd has full confidence in the world's second-largest economy. "I think the ...
Tags: Chinese economy, stock market
Global credit-rating agency Fitch has projected Bangladesh's economic outlook as stable for the current year also, but with a footnote that political and banking-sector risks remained on the flip side, a leading Bangladeshi newspaper has ...
Tags: Fitch, economic outlook
China's producer prices continued to fall in July, pointing to looming deflation risk, data from the National Bureau of Statistics (NBS) showed on Sunday. The producer price index (PPI), a measure of costs for goods at the factory gate, ...
Tags: PPI, PPI contraction
World Bank is working to expand the reach of Kyrgyzstan’s dairy products to global markets by addressing key challenges in the industry, as part of its new initiative. The Dairy Sector Development Program has been launched by the ...
Tags: dairy products, World Bank
Haiti’s apparel sector has just got a shot in the arm. The International Finance Corporation (IFC), a member of the World Bank Group, has decided to invest $4 million to help The Willbes Haitian S.A., a subsidiary of South Korea-based ...
Tags: apparel manufacture, IFC, knits, sweaters, woven products, microfibers