Tag: China

• Saturday, December 19th 2015 - 04:41 UTC

  China's demand for infant milk makes NZ company shares surge 140% in one year

  

  Shares in New Zealand dairy firm - The a2 Milk Company (A2) - were up more than 30% in Sydney on Friday after the firm raised its full-year earnings forecast on demand for its infant formula in China and Australia. It is the second time since November the company has raised its guidance.A2 said group revenue could reach US$ 212 million for the period, up from US$180.

• Wednesday, December 2nd 2015 - 09:28 UTC

  China and Brazil agree on further cooperation and on climate change

  

  Chinese President Xi Jinping and Brazil's Dilma Rousseff met in Paris on the sidelines of the ongoing climate talks, and agreed to strengthen cooperation in a number of areas including a common position regarding global warming.

• Tuesday, December 1st 2015 - 08:11 UTC

  India outpaces China in economic growth boosted by domestic demand and manufacturing

  

  India's economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and the acceleration could persuade the country's central bank to keep interest rates unchanged at its Tuesday meeting.

• Tuesday, December 1st 2015 - 07:53 UTC

  Yuan joins the exclusive club of IMF's basket of reserve currencies

  

  The International Monetary Fund (IMF) has announced that China's currency, the Yuan, will join the fund's basket of reserve currencies. Currently just the US dollar, the euro, the yen and the pound are in the group.

• Tuesday, November 24th 2015 - 10:24 UTC

  China prepared to intensify strategic partnership with Argentina

  

  China congratulated Mauricio Macri on Monday for winning Argentina's presidential election and underlined the comprehensive strategic partnership.

• Monday, November 23rd 2015 - 10:42 UTC

  Unfair to claim China sparked a 'currency war', argues India's central bank

  

  ”It’s unfair to pin the blame on the August 11 Yuan devaluation because currencies were already declining due to the “unconventional monetary policies” of some nations, Raghuram Rajan was cited as saying in an interview with the SCMP.

• Monday, November 23rd 2015 - 09:39 UTC

  China's Yuan to be included in IMF's SDR basket of currencies

  

  The inclusion of the Chinese currency in the International Monetary Fund's special drawing rights (SDR) basket is long awaited, long overdue and, finally, all but a foregone conclusion.

• Monday, November 23rd 2015 - 08:46 UTC

  China cracks on 'underground banks' to combat corruption and capital outflows

  

  China said it cracked the nation’s biggest “underground bank,” which handled 410 billion Yuan (USD64 billion) of illegal foreign-exchange transactions, as the authorities try to combat corruption and rein in capital outflows that have hit records this year.

• Tuesday, November 17th 2015 - 08:54 UTC

  Two Chinese nuclear plants for Argentina in a 15bn dollars deal

  

  Argentina signed two nuclear power plant construction deals with China on Sunday worth around US$15 billion, which would add 1,750 megawatts to the energy already produced by the country's three nuclear power plants.

• Tuesday, November 10th 2015 - 08:00 UTC

  China imports drop for twelfth month running: 18.8% in October

  

  China saw imports drop for the twelfth month in a row in October giving further cause for concern over the Chinese economy. Imports by the world's biggest trader of goods fell 18.8% from a year earlier to $130.8bn, a slight improvement on September's 20.4% decline.