A senior Chinese central bank official said Thursday that the country is "actively communicating" with the International Monetary Fund (IMF) on the possibility of including Chinese currency yuan, or RMB, in the basket of the Special Drawing ...
Tags: SDR Basket, Chinese currency
China's State Council has given approval for Hangzhou, an e-commerce hub, to set up the country's first cross-border e-commerce pilot zone, according to a statement released on Thursday. Hangzhou, capital city of East China's ...
China's $40 billion Silk Road Fund will be operated under a market-oriented approach and the projects it plans to invest in will not be limited to countries along the "One Belt, One Road" route, the fund's chairperson said on Thursday. ...
With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...
Delta Electronics has reported consolidated revenues of NT$11.673 billion (US$369.96 million) for February 2015, representing a 30.46% drop on month and 9.79% drop on year. The company has totaled NT$28.458 billion in year-to-date ...
Yageo has reported consolidated revenues of NT$1.84 billion (US$58.24 million) for February 2015, representing a 28.68% drop on month and 0.66% drop on year. The company has totaled NT$4.421 billion in year-to-date revenues, up 4.99% ...
Tags: Yageo, Decreased Revenues
The Shanghai Gold Exchange will try to start offering the renminbi-denominated gold-fixing price this year, as an alternative to the dollar-denominated gold-fixing in London, a top bourse official said on Wednesday. SGE head Xu Luode said ...
Tags: Shanghai Gold Exchange, Gold Price
China's two largest trainmakers, CSR Corp and CNR Corp, inched one step closer to their impending merger after getting necessary approvals from overseas antitrust authorities, according to company announcements on Wednesday. The merger ...
Tags: CSR Corp, CNR Corp, trainmakers
The merger date of Sysco Corp. and US Foods Inc. has been extended by 60 days from March 8 to May 7 because of the scheduled anti-trust hearings to be held in May, said food distributor Sysco in a filing with the US Securities Exchange ...
Tags: Sysco Corp, US Foods, Merger Date
At the long-awaited “Spring Forward” media event hosted by Apple on March 9, all eyes will be on the reveal of the Apple Watch, which will have a watch cover made of sapphire glass. By incorporating this material into its newest ...
Tags: Sapphire Industry, Apple Watch, Sapphire
The three North American trade fairs, Texworld USA, International Apparel Sourcing Show and Home Textiles Sourcing Expo, have made it to the just-released Trade Show Executive (TSE) magazine’s Fastest 50 Class of 2014 list. The ...
Tags: Apparel Sourcing Show, Textiles Sourcing Expo, Apparel
Marketer of everyday basic apparel, HanesBrands said it has executed its previously announced 4-for-1 stock split. “The New York Stock Exchange began reporting the split-adjusted number of shares outstanding and per-share stock ...
Tags: HanesBrands, basic apparel
China's high speed rail manufacturers China North Railway (CNR) and China South Railway (CSR) announced that their merger had passed overseas antitrust scrutiny. According to local laws, antitrust regulators -- in this case in Australia, ...
Tags: Transportation, CNR, high speed rail
The future looks bright for electric cars in China amid rapidly fluctuating gasoline prices and huge investments by the government to promote use of clean energy, industry sources said on Monday. However, inadequate battery technologies ...
Tags: Electric Cars, Battery Production
Last year definitely ended with two widely differing stories in the fashion world in China, with traditional well-known luxury brands experiencing a downturn while more affordable luxury products and fast fashion brands turning in ...
Tags: luxury market, luxury brands