China

Zhou Says China’s Economy Continues to be Fundamentally Healthy

Zhou Says China’s Economy Continues to be Fundamentally Healthy

Governor of the People's Bank of China, Zhou Xiaochuan, restated that there no reason to expect that the Chinese currency will continuously.

Mr. Zhou said, "There is no basis for persistent RMB depreciation from the perspective of economic fundamentals."

He also stressed that there were tools, which the government could use to limit the risks of a sluggish economic growth in the country.

Foreign Exchange Reserves in China Drops to its Lowest Level in Three Years

Foreign Exchange Reserves in China Drops to its Lowest Level in Three YearsIn January, the foreign-exchange reserves of China dropped to its lowest level in three years. This has raised questions regarding the length of time that Beijing can carry on burning its internal funds to protect the yuan without setting off a vast flight of capital.

Oil Prices Slides for the Second Session as Over Supply and China’s Slowing Demand Worry the Market

Oil Prices Slides for the Second Session as Over Supply and China’s Slowing Demand Worry the MarketThere is no respite for crude prices at least not right now.

New Moves by Amazon Aimed at Expanding Logistics Reach into Ocean Shipping

New Moves by Amazon Aimed at Expanding Logistics Reach into Ocean ShippingAmazon is well known for making new moves. After trying options in trucking and air freight, now the company seems to be turning its focus towards the sea.

Reportedly Amazon China, the Chinese affiliate, of the e-commerce company has registered with the U. S. Federal Maritime Commission to turn into a licensed ocean freight forwarder.

Future Orders for Nike Inc. Reflect Record High; Biggest Demand Comes from China and North America

Future Orders for Nike Inc. Reflect Record High; Biggest Demand Comes from China and North AmericaThe sporty look seems to be hitting the market as stocks of sportswear giant Nike Inc.

Syngenta Ready to Discuss Deals with Anyone in the Industry

SyngentReportedly, John Ramsay, the interim CEO of Agrochemicals company Syngenta AG said in an interview its ready to discuss deals with any company in the industry which also includes the biggest seed company in the world, Monsanto Co.

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