The exports of garments from the island nation of Sri Lanka to its major export destinations of the EU and the US recorded a remarkable growth of 30.7 percent year-on-year and 32.2 percent year-on-year, respectively, in September 2013, ...
Tags: Garment Exports, apparel
RSA Insurance, a UK-based general insurance company, has commenced an independent review of its financial and regulatory reporting processes and controls within its Irish operations. The move comes after the insurer suspended its CEO ...
Tags: RSA Insurance, Irish, financial impact
China's central bank said on Tuesday that it will continue its hands-off stance on the money market, as it maintains a "stable" monetary policy that facilitates the nation's essential structural reforms. The central bank "will neither ...
Tags: Central Bank, Hands-off Policy
As the Chinese economy firms with recent upbeat data, analysts expect a reform package to be unveiled in a key plenum this weekend to bring changes not only to China but to reinvigorate the global economy, which has been in a slow recovery. ...
Tags: China's Reform
The Ministry of Agriculture and Livestock (MAG), Government of Paraguay, has issued recommendations to cotton growers in the country, according to a Ministry press release. Ubaldo Britos, the Cotton Program Coordinator at the MAG, ...
Tags: Paraguay Govt, Cotton
It's reported that rebar futures in Shanghai rose for a second day on decrease of money market rates, indicating the cost of funding is dropping. Rebar for delivery in May on the Shanghai Futures Exchange (SHFE) hit RMB3, 601/ton or rose by ...
Tags: rebar, steel, Construction
Judging by the designer shoes this young Chinese entrepreneur is sporting, his business, a cozy Italian restaurant in an upscale Shanghai neighborhood, must be doing rather well. The new car parked outside reinforces that observation. On ...
Tags: Bank Loans, Innovation
People's Bank of China in a closed-door meeting last week sought to reassure money-market traders that a short-term spike in interest rates would not necessarily translate into a tightening of liquidity, Reuters reported. The PBOC also ...
European non-performing loans (NPLs) held by banks have increased to €1.2 trillion (up by nearly € 100 billion in 12 months) driven mainly by reported increases in Italy, Greece, Spain and Ireland, says PwC in its latest market ...
Tags: Non-Performing Loans, Service
The German economy is on the verge of an upturn driven by domestic demand. The improving global economic climate and decreasing uncertainty are fuelling investment. Private consumption is benefitting from favourable employment and income ...
Rising domestic demand provides firm basis for expansion in the industrial sector British bank HSBC Holdings Plc said that China's manufacturing Purchasing Managers' Index will rise to a seven-month high of 50.9 in October, up from 50.2 ...
Tags: domestic demand, Chemicals
Vitrum is always held in fall and hence near the end of the fiscal year. This makes it quite useful for assessing the progress made during the year and formulating an accurate forecast for the following year. And hence, as Vitrum opens ...
Tags: Vitrum, Construction
Deal or no deal, the US Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill. The 11th-hour ...
Tags: Dollar Drama, Economy
Last week, the median price of their currency against the US dollar hit a record high, close to 6.1, the second high after the National Day. Market participants believe that the high innovation more intention shows the central bank ...
Bangladesh’s central bank, Bangladesh Bank, has announced creation of a Tk 1 billion refinance fund for the country’s jute sector. Addressing a press conference, Bangladesh Bank’s deputy governor SK Sur Chowdhury ...
Tags: jute sector, Bangladesh Bank