Tag: China

• Wednesday, October 14th 2015 - 08:01 UTC

  China to the rescue of cash strapped Petrobras with $2bn for a 10-year lease of two platforms

  

  Brazil's state-run oil firm Petroleo Brasileiro SA will raise $2 billion through a 10-year leasing contract with China's Industrial and Commercial Bank of China Leasing, the Brazilian company said in a statement on Tuesday.

• Wednesday, October 14th 2015 - 05:41 UTC

  Disappointing China: September's imports slump 20% in dollars

  

  China's September imports fell a more-than-expected 17.7% in Yuan-denominated terms, while exports fell 1.1% from a year earlier, official figures show. The numbers leave the country with a trade surplus of 376.2bn Yuan ($59.4bn)

• Thursday, October 1st 2015 - 08:45 UTC

  Slumping demand from China and Brazil put a drag on world trade, says WTO

  

  The World Trade Organization shaved half a percentage point off its global trade projections for 2015, after a disappointing first half of the year left export growth weakened across the developing world. World merchandise trade volume is expected to rise 2.8% for the year, down from April projections of 3.3%. The WTO also revised its 2016 projections to 3.9%, from 4.0%.

• Wednesday, September 30th 2015 - 09:42 UTC

  Conciliatory China rejects 'hegemony'; pledges to take the lead in funds 'for peace and development'

  

  Chinese President Xi Jinping promised support for a permanent UN police squad and African peacekeeping as he vowed a peaceful rise for the Asian power.

• Tuesday, September 29th 2015 - 06:28 UTC

  Former president says “no way Uruguay can escape the impact of the Brazilian crisis”

  

  Brazilian former president Fernando Henrique Cardoso, (1995/2002) said that the serious economic situation faced by Brazil is very complex, will take time to overcome and most surely the impact will be felt in neighboring Uruguay, a country which must target other markets, other economic spaces.

• Saturday, September 26th 2015 - 08:08 UTC

  US and China pledge not to conduct or sponsor 'knowingly' cyber-theft

  

  United States President Barack Obama and his Chinese counterpart Xi Jinping have agreed that neither country's government will conduct or “knowingly” support cyber theft of intellectual property or commercial trade secrets, an issue that has been a source of tensions.

• Friday, September 25th 2015 - 05:33 UTC

  Obama and Xi share a private dinner before the official visit on Friday

  

  United States President Obama hosted Chinese counterpart Xi Jinping for a private dinner Thursday as they and their aides prepared for meetings designed to deal with cyber security and a new agreement to cooperate on combating climate change.

• Thursday, September 24th 2015 - 07:03 UTC

  Xi arrives in the US hoping for investments and pledging cooperation

  

  Seeking to warm bilateral ties and project a sunny climate for U.S. business, Chinese President Xi Jinping vowed on Wednesday to cut restrictions on foreign investment, while his chief Internet regulator appeared to lay the groundwork for a basic agreement later this week on cyber warfare.

• Tuesday, September 15th 2015 - 10:22 UTC

  Beijing prepared to privatize huge state companies sector, but “strengthening party leadership”

  

  Beijing has unveiled its long-awaited blueprint for restructuring its mammoth state enterprise sector, including partial privatization, as data pointed to a cooling in the world's second-largest economy.

• Thursday, September 3rd 2015 - 09:15 UTC

  China warns Delhi, “India should rethink its oil exploration plants”

  

  The state-run China Daily has said that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is “illegal and is an ”unwise move“ that may ”sabotage” positive momentum in ties.