Tag: China

• Wednesday, April 23rd 2014 - 05:37 UTC

  Brazil anticipates lower soy exports because of a weaker Chinese demand

  

  Brazilian soy crushing association Abiove said on Tuesday the nation would export 43 million tons of soybeans from this season's nearly harvested crop, down from its forecast of 44 million tons a month earlier due to weaker Chinese demand.

• Thursday, April 17th 2014 - 07:47 UTC

  Yuan is 'significantly undervalued' US Treasury tells China

  

  United States has told China its currency must be allowed to rise if it and the global economy are to see stable growth. The US Treasury's twice-yearly report to policymakers says the Yuan is “significantly undervalued”.

• Tuesday, April 8th 2014 - 19:10 UTC

  China and East Asia expected to grow at slower pace this year, says World Bank

  

  The World Bank has trimmed its growth forecast slightly for China, citing a “bumpy start to the year”. It now expects the Chinese economy to grow by 7.6% in 2014, down from its earlier projection of 7.7%. A slew of disappointing figures has triggered concerns of a slowdown in the world's second-largest economy.

• Monday, April 7th 2014 - 05:34 UTC

  China's COFCO joins world's top grain-traders select club

  

  COFCO Corp has agreed to pay 1.5 billion dollars for a majority stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, as China's largest grain trader seeks to strengthen its market position worldwide.

• Friday, March 28th 2014 - 06:45 UTC

  London becomes hub for Chinese currency dealings and clearing

  

  The Bank of England has agreed a deal with the People's Bank of China to make London a hub for Chinese currency dealing. The memorandum of understanding, to be signed next Monday, sets out settlement and clearing arrangements for the Renminbi, or Yuan, in London.

• Tuesday, March 25th 2014 - 23:09 UTC

  China's manufacturing sector contracted in March, according to private survey

  

  China's manufacturing sector showed further contraction in March, according to a new report which mainly tracks activity in smaller factories. The HSBC Purchasing Managers' Index (PMI) gave a reading of 48.1 for March, compared to 48.5 in February.

• Tuesday, March 25th 2014 - 09:25 UTC

  Malaysia officially declares that Flight MH370 crashed in the Indian Ocean

  

  The Malaysia Airlines plane that disappeared over two weeks ago crashed in the southern Indian Ocean, Prime Minister Najib Razak announced on Monday. New satellite analysis from Britain had shown that Flight MH370, with 239 people on board, was last seen in the middle of the Indian Ocean west of Perth, Australia, he said in a statement.

• Friday, March 14th 2014 - 10:12 UTC

  China's first two months industrial output figures feed fears of a slowdown

  

  China's industrial output rose 8.6% in January and February, according to the National Bureau of Statistics. Retail sales - a key measure of consumer spending - also increased 11.8% from the year before, government figures show. The figures were less than analysts had been expecting, adding to fears of a slowdown.

• Thursday, March 13th 2014 - 23:31 UTC

  China ready to set up private banks as it takes steps to open financial sector

  

  Internet firms Alibaba and Tencent have been shortlisted as pioneers of a pilot scheme to set up private banks in China, as the country takes steps to open up its financial sector. A total of ten companies have been selected to set up private banks.

• Wednesday, March 12th 2014 - 09:13 UTC

  Mining companies shares down hit by a slump in the price of iron ore

  

  Shares in some of the world's biggest mining companies have been hit by a slump in the price of iron ore, amid fears of a slowdown in China's economy. Iron ore delivered into China fell 8.3% on Monday after Beijing reported weak export data over the weekend.