Friday, March 29, 2024

Tag Archives: news

China’s natural gas imports rose 66.7 percent in January

Asian Pipelines

BEIJING, Feb. 26 (Xinhua) — China’s natural gas imports rose 66.7 percent year-on-year to hit 3.6 billion cubic meters in January, the country’s top economic planner said. The rapid increase has further pushed up the share of imported natural gas in the country’s natural gas consumption, the National Development and Reform Commission (NDRC) said in a statement on its website. …

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Disagreement over eurozone firewall overshadows G20 meeting

schauble germany

MEXICO CITY: Germany clashed with some of its key G20 partners on Saturday over raising the eurozone’s firewall at the start of a key meeting of finance ministers and central bankers dominated by the debt crisis. With markets calmer due to the latest massive bailout for Greece, divisions intensified over how to handle the crisis and its fallout. Countries including the …

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At G20 meeting in Mexico City, emerging markets show growing assertiveness

g20 mexico

Emerging markets are finding their voices within the Group of 20, a development that will reshape global efforts to avoid financial meltdowns and shape economic growth. The dominant issue at this weekend’s G20 gathering of finance ministers and central bank governors is putting an end to worries that a big European economy could go bankrupt. While the path to a …

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S. Korea’s Bahk says higher oil price may drive inflation above target

Bahk South Korea

Feb. 27 (Bloomberg) — South Korean inflation may accelerate above the government’s target on higher oil prices, just as the nation’s economic growth is about to start improving, Finance Minister Bahk Jae Wan said. While inflation is “likely” to dip this month below the 3.4 percent rate in January and be “even lower” in March, instability in the oil market …

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Zhu Guangyao: $100 Billion IMF Investment Is ‘Purely Rumor’

MEXICO CITY -(Dow Jones)- Reports that China is prepared to lend $100 billion to the International Monetary Fund are “purely rumor,” China’s Deputy Finance Minister Zhu Guangyao said Saturday. Speaking to reporters on the sidelines of a meeting of finance ministers and central bankers from the Group of 20 nations, Zhu said he was confident the euro zone’s problems can …

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G20 inches toward $2 trillion rescue fund

G20 Mexico 2012

MEXICO CITY (Reuters) – Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world’s leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone’s sovereign debt crisis. Finance leaders from the Group of 20, meeting in Mexico City this weekend, are trying to build up …

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China Encourages Solar Makers expansion

china-solar-photovoltaic-panels-manufacture

China set targets for increasing production capacity at key polysilicon and solar cell makers, part of the government’s plan to ensure its companies survive a slump in prices. China wants each “leading” company to have 50,000 tons a year of polysilicon capacity by 2015 and targets 5 gigawatts for each of its top solar-cell makers, according to a five-year plan …

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Asian Stocks Cap Record Weekly Win Streak

STOCKS

Asian stocks rose this week, sending the regional benchmark index to its longest-ever streak of weekly gains, as U.S. economic reports and signs of policy easing in China buoyed the outlook for Asian earnings. Shui On Land Ltd. (272) led Chinese developers higher on speculation more cities will attempt to lower restrictions on the property market amid signs the economy …

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China’s Growth May Slip to 8.6%

made in China

China’s economic growth may slip to 8.59 percent this year due to slowing in Europe, while inflation will ease to 3.3 percent, according to a Xiamen University and National University of Singapore joint forecast. Growth may bottom out in the second quarter, slowing to 8.35 percent before picking up again, according to the forecast released today at a forum in …

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China Can’t Rely on U.S. and Europe

china economy

  Feb. 23, 2012 – Feb. 23 (Bloomberg) — Nathan Sheets, global head of international economics at Citigroup Inc. and former head of the Federal Reserve’s international economic division, talks about the outlook for China’s economy. Sheets speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg) (Bloomberg)

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