Many small and medium-sized enterprises took a direct hit from the bank liquidity squeeze in June, which disrupted their cash flow and boosted the cost of financing. Figures from Shanghai-based Wind Information, a financial data provider, ...
Tags: Credit Crunch, Smaller Firms
China's new natural gas pricing mechanism will create two separate bands of prices across the country with an average difference of 42%, although over 90% of supply will still be priced at the lower level. The National Development and ...
Tags: Natural Gas, Chemicals
New business volume grew 16.4% in the equipment finance industry in 2012, according to the 2013 Survey of Equipment Finance Activity (SEFA) released by the Equipment Leasing and Finance Association. The growth in volume was on par with the ...
Tags: economy
The Cotlook A Index rose to 96.65 cents per pound around mid-June 2013 before receding to the low 90s cents level towards the end of the month. On June 12th, the USDA increased 2012/13 U.S. export estimate to 3 million tons due to ...
Tags: Chinese Policy, World Cotton PricesWorld Cotton Prices
Nokia has bought Siemens' 50 per cent stake in Nokia-Siemens Networks (NSN) for €1.7bn, enabling it to re-take full control of its telecoms network business. "With its clear strategic focus and strong leadership team, Nokia Siemens ...
Tags: Nokia, Siemens, Telecoms Equipment
Three dragon boats that have been used in competitions old farm tools A hall where traditional Chinese wedding ceremony is held THE Xixi Wetland Folk Culture Exhibition is putting the spotlight on local customs, fishing culture ...
Tags: exhibition, exhibition of customs, Folk Culture Exhibition
THE Australian dollar has opened at its weakest level since August 2010 as US equity markets slide. At 6.30am AEST the local unit was trading at 91.17 US cents, down from 92.62 cents at Friday's local close. The currency fell below 92 ...
Tags: Australian Dollar, economy
CENTRAL banks loaded up on the Australian dollar in the first quarter, just before the currency began a steep descent that would see it touch its lowest level in nearly three years, data from the International Monetary Fund shows. The ...
Tags: Service, economy, Central Banks
What does it take to shake the Chinese market? If stock turmoil in Shanghai and talk of bank default don't strike fear in the heart of the nation, images of a metropolis falling into a chasm will perhaps do the trick. An image from the ...
Tags: Cash Squeeze, Banks
The Guardian Chair features a bulletproof vest that can be draped over the chair, worn or kneeled behind in event of a shooting. On display at NeoCon, the famous office furniture expo held in Chicago last month, were all the usual ...
Bank of China, one of China's big four state-owned commercial banks, has stated in a report that China's gross domestic product (GDP) growth is expected to rebound to 7.8 percent in the third quarter of this year, amid acceleration of ...
Tags: Chinese GDP
Global pharma companies Sanofi, Novartis and GSK are competing to acquire the domestic formulations business of debt-burdening Elder Pharmaceuticals. People familiar with the matter were quoted by media sources as saying that Sanofi and ...
Tags: Domestic Formulations, Medicine
MasterCard didn't make a peep earlier this month when word leaked that Beijing had halted the company's transactions in renminbi. Leaked documents didn't show when the payments were terminated, but the central bank effectively stopped the ...
Tags: MasterCard, Foreign Firms, Credit Cards
China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...
Tags: Risky Economy, credit crunch
THE sharemarket recovered strongly from a six-month low,with the resources sector leading gains after the People's Bank of China vowed to prevent a credit crunch in Australia's biggest trading partner and the world's second-largest economy. ...
Tags: sharemarket, trading partner, BHP Billiton, Rio Tinto