Chinese people used more credit cards last year, fresh evidence that the nation's traditionally frugal residents are looking for credit cards for everyday purchases. Chinese banks issued a total number of 455 million credit cards by the ...
Tags: Credit Cards, card holders
Hormel Foods is in the late-stage talks to acquire Applegate Farms, a producer of organic hot dogs, bacon and sausages. This comes after the company acquired Muscle Milk maker CytoSport Holdings in August last year. The proposed deal ...
Tags: Hormel Foods, Bacon
A credit card is an important thing to have when globetrotting, not least because many forms of online reservation require credit rather than debit payment. For those anticipating a long stay in China, a credit card may seem like a good ...
Tags: Credit Cards, online reservation
Chinese high-speed train companies are eyeing more contracts in overseas markets. "The US will be the next strategic focus for us, after successfully winning the Boston contract," Yu Weiping, vice-president of China CNR Corp, told China ...
Tags: high-speed train, overseas markets
US-based brewery Revolution Brewing is planning to expand its production facility in Chicago, a move that will triple the brewery's production capacity. The expansion will see the installation of a new 120-barrel brewhouse, several ...
Irrespective of the fine print in the Trans-Pacific Partnership (TPP) agreement, expected to be signed this year, Vietnam’s apparel industry is likely to benefit at the expense of its South Asian competitors like Bangladesh and Sri ...
Tags: Apparel Industry, Apparel
Virtually all the indicators, from manufacturing activity to trade data, point to weakening. Expectations of an immanent reduction in the real interest rate have never been higher, despite the central bank's insistence on reining in ...
Tags: economic growth, trade data
China's consumer price index, a main gauge of inflation, grew 0.8 percent year on year in January, the slowest rise in more than five years, the National Bureau of Statistics announced Tuesday. Food prices, which account for nearly ...
Tags: consumer price index, CPI
Although six years have passed since the global financial crisis broke out, many countries have not yet overcome its impact with the global economy is still facing uncertainties. And given the economic slowdown, albeit slight, in China, it ...
China is unlikely to "purposely weaken" its currency, the yuan, or renminbi (RMB), as it would go against the authorities' commitment to economic rebalancing and structural reforms, HSBC said on Monday. Even dismissing the economic ...
Tags: weaken currency, RMB
Presto Engineering, a world leader in semiconductor product engineering, test and turnkey solutions, is pleased to announce that it is collaborating with several France-based organizations to reduce the cost of test of 4G RF devices. ...
Ford today revealed the all-new Focus RS, a high-performance road car that debuts Ford Performance All-Wheel Drive with Dynamic Torque Vectoring Control, which contributes to performance never before seen in a Focus RS. The all-new Focus RS ...
Chinese stocks opened higher on Thursday morning, with the benchmark Shanghai Composite Index up 2.43 percent, or 77.09 points, to open at 3,251.21. The Shenzhen Component Index opened at 11,367.14, up 2.25 percent, or 250.59 points. ...
Tags: China Stocks, RRR Cut
China's central bank seems to have moved to stabilize the yuan despite mounting market sentiment that the currency has been toward the upper limit of its daily trading band for the past week. The reference rate the People's Bank of China ...
Exports from Tirupur, known for knitwear manufacturing, has reached Rs 15,000 crore in the first nine months of the ongoing fiscal year 2014-15, A Sakthivel, president of Tirupur Exporters’ Association (TEA) said in a statement. ...