Diamantaires were happy to see the back of 2014. After all, it was a tough year in which polished diamond prices declined, accelerating the general downtrend evident since mid-2011. Therefore, there is understandably some uncertainty about ...
The President of Haiti, in presence of ministers and senior officials recently inaugurated an assistance program for textile merchants. This program, which first has been extended to 100 merchants, has come on the initiative of ...
China will relax restrictions on banks' yuan trading from next year, in a small but significant move toward relaxing its capital controls. The changes will replace daily caps on banks' foreign exchange positions with weekly limits, and ...
Tags: Yuan Trading, restrictions
The People's Bank of China, the central bank, will change rules on how it calculates the loan-to-deposit ratios of banks from next year, a move that is expected to make available more funds for lending. The central bank will expand the ...
Tags: Deposit Calculation Rules, POB
The Renminbi exchange rate will remain stable in 2015, a macro economic report from China International Capital Corporation (CICC) predicted Monday. "Despite the weaker spot exchange rate of the Renminbi against the dollar, the ...
China's consumer price index (CPI), the main gauge of inflation, is estimated to grow by about 1.4 percent in December from a year earlier, the latest report from the Bank of Communications (BOC) said. The National Bureau of Statistics ...
Tags: CPI, consumer price
China's economy is likely to expand at a slower pace of 7 percent in 2015 and 7.3 percent this year, a government think tank said in a report on Monday. Due to factors such as overcapacity in some manufacturing industries, the country's GDP ...
Tags: China Economy, home price
The reduction of bank credit available to the diamond industry is a game changer that will influence the market for many years to come. Therefore, this column has chosen bank credit as its most important story of 2014, rising above other ...
Tags: diamond industry, diamond market
Apple Pay could be introduced to UK retailers ‘in the first half of 2015’, latest reports have suggested. According to the Telegraph, Apple is currently in talks with a number of British banks over plans to introduce Apple Pay ...
Tags: Apple, Consumer Electronics
Russia's central bank failed to stem a further dramatic fall in the rouble on Thursday despite raising the headline interest rate to 10.5%. The central bank, which has used billions of dollars worth of foreign reserves in a desperate ...
Tags: Russia's Central Bank, ruble
On 12 November, Packaging News organised a conference in conjunction with British Glass, bringing together members of the UK glass industry to discuss ways of improving recycling in Britain. The central London conference included talks ...
Tags: Glass Industry, Recycling
DFS reports "continued strong momentum" in its latest financial report, covering the 13 weeks ending 1st November 2014. The quarter saw continued momentum in sales and EBITDA for DFS, with group gross sales up 15.3% to £197m (2013 ...
Tags: selling space, Furniture
Coca-Cola has commenced construction on its first plant in Gaza Strip, following an approval from Israel. The proposed plant is expected to see around $20m in investment and it is expected to become operational in 2015. When ...
Tags: beverages, juices, water, Agriculture
A number of Québec's institutional investors and bankers have announced a $470m investment, in the form of preferred units, in Agropur Cooperative, Canada's largest dairy cooperative. The transaction supports the cooperative's ...
Tags: dairy product, Agriculture
A survey by The Economist reveals that Asian women are increasingly empowered financially and they are the one’s driving the explosive growth of e-commerce in the region. The magazine did a detailed survey of 5,500 women across ...
Tags: Ecommerce Trade, Female consumers, Apparel