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The prices of Chinese farm produce edged higher last week, boosted by New Year holiday demand, the Ministry of Commerce said Wednesday. Low temperatures and freezing rain in some parts of China also pushed up prices, the ministry said in a statement posted on its website. During the week of Dec. 27 to Jan. 2, th...
The World Bank's first yuan-denominated bond offered investors the chance to diversify their currency holdings and promotes the internationalization of the Chinese currency, the yuan, or RMB, economists said. The World Bank China Office said Wednesday the World Bank has priced 500 million yuan (76 million U.S. dollars) of RMB-deno...
BEIJING - China's competition law enforcement authorities Tuesday published new regulations to crack down on anticompetitive, monopolistic-type behavior, amid the country's efforts to ensure competitive markets. The regulations against monopoly pricing will take effect from Feb 1, a National Development and Reform Commission (NDRC) statement said. ...
MOHE - An oil pipeline linking Russia's far east and Northeast China started operating Saturday. At 11:50 am, Yao Wei, general manager of Pipeline Branch of Petro China Co Ltd (PBPC), pushed a button in the China-Russia border county of Mohe in Heilongjiang province, marking the official start of operations after a two-month trial. PBPC is the oper...
BEIJING - The Purchasing Managers' Index (PMI) for China's non-manufacturing sector was back to growth in December last year after declining for two months, the China Federation of Logistics and Purchasing (CFLP) said Monday. The December PMI for non-manufacturing sector rises to 56.5 percent, 3.3 percentage points higher than a month earlier, the CFL...
The rate of inflation in Spain climbed to 2.9 percent during the last month of 2010, according to figures published Monday. The Harmonized Consumer Price Index (IPCA), published by the National Institute of Statistics (INE), situates the level of inflation at 2.9 percent, following a steep 0.7 percent rise between November and December and follows on th...
China's 2010 economic growth is estimated to reach about 10 percent, according to central bank governor Zhou Xiaochuan. In a speech published Tuesday by the People's Bank of China on its website, Zhou said he was not quite confident that the nation's economy has returned to normal, as external conditions continue exerting an important impact on China...
An Indian businessman Tuesday filed a cheating complaint against Citibank and 11 others, including Citigroup's chief executive officer Vikram Pandit and manager Shivraj Puri in the city of Gurgaon near here, reported the Indo-Asian News Service. The businessman, Sanjeev Agrawal, also sought the recovery of 320 million rupees (about 7 million U.S. dolla...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
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