China's new forex rate formation mechanism is credit positive as it will increase currency flexibility and support China's capital account liberalization, said Moody's in a recent report. The People's Bank of China on Tuesday adjusted the ...
China's central bank cut both the requirement reserve ratio (RRR), the amount of reserves banks required to hold, and benchmark interest rates on Saturday. The credit-easing move, to be effective on Sunday, aims to "support the real ...
Tags: Reserve Ratio, Interest Rates
Move is precursor to further liberalization of interest rate system An insurance system for bank deposits will start on May 1, a step toward scrapping remaining controls on interest rates and allowing lenders to fail in a more ...
Tags: Bank Deposit, Deposit Insurance
The Irish Dairy Board (IDB) plans to double its presence in the Chinese mass market by 2015 in line with its strategy to tap milk deficit regions. The cooperative has been making attempts to expand internationally in order to find ...
The steel trade balance in Mexico grew in the last 10 years by 150 percent, according to a report issued this week from the National Chamber of the Iron and Steel Industry (CANACERO. Foreign trade of steel has a deficit, according to the ...
Tags: Steel, Iron, Steel Industry
The American Apparel and Footwear Association (AAFA) brought more than two dozen apparel, footwear, and retail executives to Capitol Hill this week to lobby for key international trade policies and programs. The visits came as part of ...
China will try to quicken the pace of economic reform this year as part of the government's efforts to arrest a slowdown in the world's second-largest economy, the country's top economic planning agency said late on Saturday. The National ...
Tags: Faster Reform, Slowing GDP
The European Parliament has announced that about 98 percent of the customs duties that Ukrainian iron, steel, farm produce and machinery exporters pay at EU borders will be removed by a proposal backed by the European Parliament on ...
Tags: Customs Duty, EU
In the past 25 years, India has achieved a remarkable and considerable pace in the chemical production and most of the growth has been driven by India from all Asian countries in chemical industry. With the structured operations and well ...
Textile stores in Spain have closed the winter sales campaign with €3.6 billion, owing to discounts offered by manufacturers during January and February 2014, as per the the Business Association of Textile Trade and Accessories ...
Starting Monday the value of the renminbi will be allowed to fluctuate 2% above or below a daily reference rate set by the People’s Bank of China. Widening the band, which had a 1% range in both directions since April 2012, was a ...
Tags: Yuan Trading Band, central bank
India is currently the fifth largest economy of the world and is developing at a fast pace. The maximum growth is reported from the construction sector and minimum growth is observed from the agriculture sector. The primary industrial ...
The pace of Chinese economic reform would surprise people, and it will be faster than commonly expected, said Blu Putnam, Chief Economist at Chicago Mercantile Exchange (CME) Group, in London. China appears to be choosing to accelerate ...
Tags: Economic Reform
A coalition of agricultural organizations led by the National Pork Producers Council is likely to oppose a final Trans-Pacific Partnership (TPP) trade agreement if it includes Japan but that country doesn’t agree to comprehensive ...
Tags: Agriculture, TPP Deal
China is sending "encouraging" messages on climate change issues, and the country has "a huge amount" to teach the world in this area, said Andrew Steer, president and chief executive officer of the World Resources Institute. Commenting ...
Tags: Mix Encouraging, Energy