Tag: China

• 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.

• Thursday, February 13th 2014 - 01:35 UTC

  China trade surplus jumps in January, with imports increasing by 10%

  

  China's trade surplus jumped to 31.9bn dollars in January, easing concerns the world's second-largest economy may be stuck in a slowdown. The figure was up 14% from a year earlier and stronger than forecasts for a 23.7bn surplus.

• Tuesday, February 4th 2014 - 08:56 UTC

  China became Uruguay's main trade partner in 2013

  

  China became Uruguay's main trade partner in 2013 totaling 20.9% of all trade according to the latest stats from the Central bank. This leaves China three percentage points ahead of Brazil, 18.8% (traditionally the main partner) and almost four ahead of Argentina with 18.1%.

• Friday, January 31st 2014 - 06:58 UTC

  Chinese communities begin seven-day celebration of the Year of the Horse

  

  Chinese communities around the world are gearing up Thursday for the Lunar New Year holiday that begins at midnight. Mainland China will virtually shut down for the next seven days, and many residents of the polluted capital, Beijing, already have departed for holiday destinations.