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The Government of Singapore Investment Corporation (GIC) said it has more than doubled its stake in Beijing-based China International Capital Corporation ( CICC). The GIC increased its holding in the leading Chinese investment bank to more than 16.35 percent from 7.35 percent after it bought up part of the shares held by Morgan Stanley the sixth largest...
Tokyo: Russia and Japan will jointly build a liquefied natural gas (LNG) plant in the Russian port of Vladivostok, the Yomiuri Shimbun reported on Sunday. The plant is set to be put into operation in 2017 with an annual production capacity of more than five million tons of LNG, the newspaper said. Tokyo expects a deal to this effect to be signed bef...
U.S. President Barack Obama on Thursday announced the administration had released a series of regulations and requests for comments as part of the implementation of the new U.S. export control system and was seeking public comments, a move to further support U.S. firms' export efforts. The U.S. export control reform initiative was announced in August 2...
The value of yuan strengthened slightly as the central parity rate of Renminbi, China's currency, was set at 6.6604 per U.S. dollar Friday, compared with Thursday's 6.6654, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit...
China state grain reserve released 8.6 million tonnes of grain on to the market from Nov. 29 to Dec.3 to ensure market supply and stabilize prices, said the country's top economic planner Thursday. The figure was up by 136,000 tonnes from the amount the previous week, with market prices seeing small declines and trade shrinking visibly, said the Nation...
China's exports rose 34.9 percent year on year in November to 153.33 billion U.S. dollars while imports jumped 37.7 percent to 130.43 billion U.S. dollars, the General Administration of Customs (GAC) said Friday. The country's trade surplus fell to 22.89 billion U.S. dollars last month from 27.1 billion U.S. dollars in October. The October surplus...
China will redouble efforts to protect its trademarks overseas, as the world's largest manufacturer increasingly places its own branded products on the global market, the country's top industry and commerce administrator said on Thursday. Chinese enterprises registered 11,000 trademarks overseas through the Madrid System for the International Registra...
Japan's wholesale prices rose 0.9 percent in November from a year earlier, the Bank of Japan said in a report on Friday. November's reading was higher than analysts' expectations for a 1.0 percent annual gain and followed a revised 0.8 percent annual increase in October. Overall final goods prices, which refers to the prices of finished products ...
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