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The central parity rate of renminbi, or China's currency yuan, weakened to 6.6441 per U.S. dollar Tuesday from Friday's 6.6303, 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 of 0.5 percent each way of the central parit...
China and the Portuguese-speaking countries will put two-way investment as focus of their economic and trade cooperation in the coming three years, said China's Commerce Minister Chen Deming here on Sunday. Chen made the remarks in a joint press conference with seven high-level representatives from Portuguese-speaking countries, after the third Ministe...
The central parity rate of renminbi, or China's currency yuan, weakened to 6.6303 per U.S. dollar Monday from Friday's 6.6239, 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 of 0.5 percent each way of the central parity...
New Zealand Prime Minister John Key retured home on Monday from the APEC leaders meeting in Yokohama, having secured an agreement to start free trade talks with Russia and pleased with progress on the nine-nation Trans- Pacific Partnership negotiations. He believes a regional trade deal involving New Zealand and the United States could be finalised by t...
Opportunities abound in China, but doing business in China needs different sets of thinking and approaches, some U.S. experts said Wednesday. The advices came from the 2010 Ernst & Young Strategic Growth Forum held in Palm Springs, California. The forum is the largest gathering of entrepreneurs in the United States which is attended by more than...
To paraphrase Mark Twain, reports of the demise of a U.S.-South Korea free trade agreement are grossly exaggerated, said Frank Vargo, vice president for international economic affairs for the National Association of Manufacturers. Press reports this week drew links between another delay in “KORUS” free trade talks and apparent damage to Pres...
Peru and five Central American countries finished their first round of Free Trade Agreement (FTA) negotiations here Friday, agreeing to reinforce their commercial ties. During the talks, representatives from Costa Rica, El Salvador, Guatemala, Honduras, Panama and Peru discussed issues such as access to the goods market, origin rules, customs procedures...
Russia's accession to the World Trade Organization (WTO) would enhance its investment climate and attractiveness for foreign businesses, said head of Russian Industrialists and Entrepreneurs Union, Alexander Shokhin, on Friday. The accession would also "lower bureaucratic barriers and eliminate infrastructure shortcomings," said Shokhin as quoted by ne...
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