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Japan's Core Machinery Orders Hit 10-Year High in Nov., 2017

Apr 1, 2019

Mainly on strong demands from service sectors, Japan's core machinery orders have continuously surged, and hit a 10-year zenith in November, 2017, showing that the Japanese government's efforts on encouraging local enterprises to invest in ...

Tags: Core Machinery

CPEC Vitalizes Pakistan's Economy

Aug 28, 2017

China's direct investment in Pakistan from July last year to June this year stood at US$1.19 billion, up 11 percent year-on-year and accounting for 49 percent of the total foreign direct investment in Pakistan, according to the National ...

Tags: CPEC, Pakistan's Economy

CPI Sees Its Slowest Pace in 2 Years

Mar 10, 2017

China's consumer price index, a key gauge of retail inflation, rose 0.8 percent last month, the slowest growth in two years, due to the distortion caused by the timing of the Chinese Lunar New Year. Analysts said the low consumer ...

Tags: retail inflation, vegetables, food prices

Eurozone Inflation Hits Four-Year High in February

Mar 2, 2017

Inflation across the 19-country euro area hit a four-year high of 2.0 percent in February thanks to soaring prices of energy, said Eurostat, the statistical agency of the European Union (EU) on Thursday. The latest inflation figure is ...

Tags: Eurozone Inflation, inflation

China in New Effort to Tackle Shadow Banking

Feb 24, 2017

China's central bank has drafted new rules to tackle risks from shadow banking, in a tacit acknowledgment that a host of measures in recent years to control off balance sheet credit have failed to control its risks, the Financial Times ...

Tags: Shadow Banking, balance sheet

China Credit Tightening Ignored by Small Banks

Feb 24, 2017

Beijing's "cautious tightening signals" for credit are largely being ignored by banks and at the local level, where attention is focused on maintaining steady economic growth, especially with key Communist Party meetings looming this year, ...

Tags: emerging markets

Threshold of 7 Yuan to Dollar Not Crucial

Jan 1, 2017

The yuan's so-called psychological threshold of 7 to the US dollar is not so important for the Chinese economy, analysts said on Thursday, after the central bank rejected an "irresponsible" media report that the yuan had fallen below that ...

Tags: US dollar, Chinese economy

Central Bank Halt! This Card Will Be Cancelled! Pro, Quickly Turn The Wallet to See

Dec 13, 2016

Nowadays, the use of credit cards is more and more high frequency, especially abroad, no need to exchange a large amount of paper money, with a credit card is enough. Can choose to pay by the cup, but also can choose to pay by VISA or ...

Tags: credit cards, VISA, MasterCard

China Is Facing Growth Deceleration

Dec 12, 2016

A slowdown in China is the greatest threat to the global economy, Harvard economist Kenneth Rogoff told BBC in a curious interview in late September. "The [Chinese] economy is slowing down much more than the official figures show." As the ...

Tags: Chinese economy, global economy

Nestle Opens New UHT Milk Plant in Sri Lanka

Nov 11, 2016

Nestle has opened a new LKR500m ($3.4m) UHT milk plant in its Kurunegala factory in Sri Lanka to boost its production capacity. The new investment is said to help Nestle in expanding the production capacity for its dairy based products. ...

Tags: Nestle, UHT Milk Plant

China Forex Reserves Fall for 4th Straight Month

Nov 9, 2016

China's foreign exchange reserves shrank for a fourth straight month in October, the central bank said Monday. The world's largest currency hoard fell to 3.12 trillion U.S. dollars last month, down 45.7 billion dollars from September, ...

Tags: Forex Reserves, foreign exchange

Yuan Tumble Unlikely Despite Weakening

Oct 24, 2016

Though the Chinese currency renminbi, or the yuan, weakened to a six-year low against the U.S. dollar Friday, analysts said a sharp drop is unlikely despite persistent depreciation pressure. The central parity rate of the yuan retreated ...

Tags: Chinese currency, renminbi

RMB Records Weakening Streak Against USD

Oct 13, 2016

The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest level ...

Tags: RMB, USD

The Third 10 Billion Yuan of Corporate Bonds in 2015 Issued Successfully

Sep 28, 2016

On November 10, the third 10 billion yuan of corporate bonds in 2015 issued successfully in the inter-bank market, and on next day, the money was fully funded. These bonds were in bookkeeping way and unsecured with fixed-rate, including 8 ...

Tags: corporate bonds, inter-bank market

Icelandic Group to Sell Spanish Business to Solo Seafood

Sep 20, 2016

Iceland-based seafood company Icelandic Group has entered into an agreement to sell its Spanish subsidiary Icelandic Ibérica to Solo Seafood for undisclosed sum. Solo Seafood, which is owned by Icelandic seafood companies, is one ...

Tags: Icelandic Group, agreement, Solo Seafood

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