Monthly Archives: June 2014

China to set yuan clearing bank in Sydney

China will designate a clearing bank in Sydney for overseas trading of its yuan currency, a top Australian official said on Thursday as Beijing seeks to make the tightly-controlled unit more international. The Australian financial capital would follow London and … Continue reading

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Myanmar to grant licences to foreign banks by September

Myanmar’s central bank has said it plans to grant licences to foreign banks by September as it seeks to boost the flow of money to local businesses in the once tightly controlled economy. The nation’s reformist regime wants to modernise … Continue reading

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Vietnam’s farmers and manufacturers contrive to survive without China

Chinese dealers stopped showing up to the Vinh Kim Market, the largest fruit-trading outpost in the Mekong Delta, in June, blowing a huge hole in sales. Prices have been cut to less than a dollar per kilogram for durian or … Continue reading

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Japan to unveil new reforms to boost economy

Japanese Prime Minister Shinzo Abe is expected on Tuesday to unveil a fresh round of reforms to boost a nascent growth recovery, reports said, his second attempt at launching the “third arrow” of his economic action plan. In a package that … Continue reading

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China manufacturing grows for first time in six months

China’s manufacturing activity expanded in June for the first time this year as the effects of Beijing’s mini-stimulus on the world’s second-largest economy gradually kick in, HSBC said Monday. The bank said in a statement that its preliminary purchasing managers … Continue reading

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Vietnam, Netherlands establish strategic partnership on agriculture

Vietnam and the Netherlands agreed to establish a strategic partnership following talks on agriculture and food security between Prime Minister Nguyen Tan Dung and his Dutch counterpart Mark Rutte in Hanoi on Monday, Vietnam News Agency reported. PM Dung hailed … Continue reading

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China’s solar target crucial for the global industry

China’s new target for solar power has global implications for a world struggling with climate change. Last month, Beijing pencilled in 70 gigawatts of solar photovoltaic power plants by 2017. Solar hit 20GW in China last year, when the world … Continue reading

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