China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
Touch panel maker TPK has announced net loss of NT$19.4 billion (US$600 million), or loss per share of NT$55.15 for the third quarter of 2015. The operating loss was primarily attributable to one-off asset impairment charges on ...
Tags: 3Q15, loss, touch panel, TPK
Chinese President Xi Jinping paid a four-day state visit to Britain from Oct 20 to 23, during which the two countries signed cooperation agreements worth a combined 40 billion pounds, including Chinese investment in a British nuclear power ...
Tags: China-Britain Rapport, closer ties
Sonoco, one of the largest diversified global packaging companies, today reported consolidated financial results for its third quarter, ending 27 September 2015. Sonoco president and CEO Jack Sanders said: "We are encouraged by the ...
The Chinese Ministry of Commerce (MOFCOM) has worked with the General Administration of Customs, the National Bureau of Statistics, and the State Administration of Foreign Exchange to entrust the Academy of Mathematics and System Science, ...
Tags: bilateral trade, global value chains, trade in value added
The national teleconference on foreign trade was held in Beijing on February 26, 2015. Vice Premier Wang Yang attended and addressed the meeting. Also attending and addressing the meeting was Minister of Commerce Gao Hucheng. Gao said ...
Tags: high value-added products, corn processing products, textiles
People’s Bank of China published the statement on improving the quotation of the middle exchange rate of RMB against the U.S. dollar on August 11. RMB depreciates against US dollars almost 4.6% in 4 days. This is the biased correction ...
Tags: foreign trade situation, rate of RMB against the U.S.dollar
Recently, the General Office of the State Council issued the Guiding Opinions on Accelerating the Development of the Financial Leasing Industry (hereinafter referred to as the Guiding Opinions), to comprehensively and systematically ...
Tags: financial leasing industry, economic structure adjustment
China's central bank continued to pump billions of yuan into the financial system on Tuesday to ease liquidity strains. The People's Bank of China (PBOC) conducted 150 billion yuan (23.6 billion U.S. dollars) of seven-day reverse ...
The Ministry of Trade and Industry of Ghana will begin the task of restructuring the apparel industry to attract investors, and build a sustainable source of foreign exchange inflows. As a part of the revamping process, the Ministry plans ...
Tags: Apparel Industry, apparel
For the second fiscal quarter of 2016 ended August 1, 2015, net sales at apparel marketer Gap Inc went down 2 per cent impacted by translation of net sales in foreign currencies into US dollars. For the three months to August 1, 2015 Gap ...
Tags: foreign exchange, Gap, Currency Impact
Pakistani Food Minister Sikandar Hayat Khan Bosan has said that scientists must pay attention to the scourge of the leaf curl virus disease that has been causing colossal loss of two to three million bales of cotton every year. His comments ...
Tags: cash crop, cotton, Cotton Virus
Net sales at clothing retailer American Apparel tanked 17.2 per cent year over year for the second quarter ended June 30, 2015. In the three months to June 30, 2015, net sales dipped 17.2 per cent to $134.4 million from $162.4 million for ...
Tags: apparel, apparel sale, apparel development
Depreciation of China's currency offers opportunities for economies in Europe Last week's depreciation of the yuan stoked fears that European exports to China could be hit. As the euro and the pound strengthened, concerns started to grow ...
Tags: global currency, Yuan Move
China's new forex rate formation mechanism is credit positive as it will increase currency flexibility and support China's capital account liberalization, said Moody's in a recent report. The People's Bank of China on Tuesday adjusted the ...