by | Oct 20, 2010 | Towing
China vowed it would maintain the supply of rare minerals and said it may boost 2011 exports of the substances.
The Chinese Commerce Ministry denied reports that it would further reduce export quotas.
“China will continue to supply rare earth to the world,” the ministry said in a fax to Bloomberg News.
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The minerals are used in products such as electronics, wind turbines and smart…
Continue reading China Vows to Maintain Rare Mineral Supply
China Vows to Maintain Rare Mineral Supply originally appeared on DailyFinance on Wed, 20 Oct 2010 07:22:00.
Filed Under: Technology, Economy
by | Oct 19, 2010 | Towing
China hiked its interest rates for the first time since 2007 in a bid to combat rising inflation.
The People’s Bank of China raised its one-year deposit rate to 2.5% from 2.25%, while the lending rate rose to 5.56% from 5.31%, Bloomberg News said.
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Inflation rose to 3.5% in August, highlighting the risk of an overheating economy. China, the world’s second-largest economy, grew at an…
Continue reading China Raises Interest Rates For First Time Since 2007
China Raises Interest Rates For First Time Since 2007 originally appeared on DailyFinance on Tue, 19 Oct 2010 08:02:00.
Filed Under: Economy, Currency, Market News
by | Oct 13, 2010 | Towing
Treasury Secretary Timothy Geithner said the U.S. favors a “gradual, but still significant” appreciation of the yuan.
Geithner said the U.S. would prefer China let market forces drive up the value of the currency, The Wall Street Journal said. Geithner noted that the yuan had strengthened by about 2.5% in six weeks.
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“What we want to do is to maximize the incentives they have to let…
Continue reading Geithner Says U.S. Favors Significant Yuan Appreciation
Geithner Says U.S. Favors Significant Yuan Appreciation originally appeared on DailyFinance on Wed, 13 Oct 2010 09:03:00.
Filed Under: Economy, People, Currency
by | Sep 29, 2010 | Towing
How can investors earn double-digit returns? According to bond guru Bill Gross, they probably can’t: “A future of low investment returns, and a heap of trouble for those expecting more, is what lies ahead,” Gross warns in his l…
by | Sep 29, 2010 | Towing
Bill Gates and Warren Buffett are scheduled to dine with Chinese businessmen Wednesday in a bid to promote philanthropy in the world’s second-largest economy.
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The dinner will be held at a mansion, modeled after the baroque 17th century Chateau de Maisons-Laffitte in France, on the edge of Beijing, The Associated Press said.
Invitees include Pan Shiyi and Zhang Xin, chairman and CEO…
Continue reading Gates, Buffett Will Promote Philanthropy to China’s Rich
Gates, Buffett Will Promote Philanthropy to China’s Rich originally appeared on DailyFinance on Wed, 29 Sep 2010 08:39:00.
Filed Under: Company News, Economy, People
