Chinese yuan or renminbi (RMB) has been included into the basket of special drawing right (SDR) of the International Monetary Fund (IMF) since Oct 1, marking a milestone in the internationalization of the RMB. Here are seven things you need ...
Tags: SDR Inclusion, RMB
The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier ...
Tags: Gold, Gold Prices
Cargill reported financial results for the fiscal 2017 first quarter ended 31 August, 2016. Key measures include: Adjusted operating earnings rose 35 percent to $827 million in the first quarter, compared with $611 million in the ...
Tags: Cargill, fiscal results
Synutra International, which owns subsidiaries in China that produce, distribute and sell nutritional products for infants, children and adults, has opened a new operating facility in Carhaix, France. Synutra has received all required ...
Ausnutria Dairy has formed a joint venture with New Zealand based Westland to produce and sell dairy based powder products, including infant milk powder. Through the joint venture named Pure Nutrition, the companies will set up a new ...
Tags: Ausnutria Dairy, Westland, dairy based powder products
Hormel Foods has announced several new leadership appointments across business segments. James M. Splinter has been appointed to the position of group vice president, corporate strategy. In this new role, Splinter will have responsibility ...
Tags: Hormel Foods, appointment, new leader
The firm has reshuffled its top execs as it welcomes Jonathan Baker to the role of vice president of consumer products. NBC Universal Brand Development has named Jonathan Baker as its new vice president, EMEA NBC Universla consumer ...
Tags: NBC Universal, Hannah Mungo, eOne
Cyberspace security, the Internet and information technology have been key in China's development, and the country has been striving to build itself into a major Internet power. At a study session attended by China's top leaders, ...
Tags: Internet, Information Technology
China has decided to remove administrative price controls on the salt market to foster competition, the country's top economic planner announced Sunday. The move will put an end to the nation's 2,000-plus-year state monopoly in the salt ...
Tags: Salt, Salt Market
China General Nuclear Power Corp has said it is confident that the Chinese-made Hualong One reactor will pass Britain's strict approval process in five years. The technology, also known as HPR1000, will be submitted to the UK Office for ...
Tags: Nuclear
The store spans four floors and boasts a range of entertainment facilities for children to enjoy. Toy retailer Hamleys is heading to China, with the opening of its new flagship store in Nanjing. Making its debut on Chinese National Day ...
Tags: Hamleys, flagship store
The traditional Chinese lunar calendar divides the year into 24 solar terms. Cold Dew, (Chinese: HanLu), the 17th solar term of the year, begins this year on Oct 8 and ends on Oct 23. At this time, temperatures are much lower than in ...
Tags: Cold Dew, China Culture
Natural gas imports to China through northwest China's Xinjiang Uygur Autonomous Region have grown this year, local customs said. As of the end of August, more than 16.75 million tons of natural gas had been imported through Xinjiang this ...
Tags: Gas, Central Asia, Natural gas
The Chinese government will further streamline approval procedures for foreign investment across the country to better attract overseas investment and improve China's business environment. A new legislative guideline was approved during ...
Tags: Ease Rules, China, Foreign Investors
"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 ...