BEIJING, March 29 (Xinhua) — The central parity rate of the renminbi, or the yuan, weakened 133 basis points to 6.8915 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. The central bank on Wednesday, for the fourth consecutive business day, skipped the open market operations of reverse repos, a process […]

WELLINGTON, March 28 (Xinhua) — To many in New Zealand, the Oceanian state looks like an isolated outpost with economic powerhouses far, far away in another hemisphere. It’s at the end of a trail that snakes through Southeast Asia before a three-hour flight from Australia lands you in one of its handful of international airports. […]

RIO DE JANEIRO, March 25 (NsNewsWire) — Brazil’s JBS, the largest meat processing company in the world, has said it would shut the production of beef at 33 of its 36 plants in the country for three days. In a statement, JBS said the decision was taken to adjust production until a decision was taken […]

BEIJING, March 23 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 33 basis points to 6.8856 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the […]

KUALA LUMPUR, March 23 (NsNewsWire) — China’s e-commerce giant Alibaba group on Wednesday announced a plan to set up an e-commerce hub in Malaysia encompassing logistics, cloud-computing and e-financial service to boost trade and e-commerce in the region. The e-commerce hub will be part of the collaboration between Alibaba and the Malaysian government in the […]

TIANJIN, March 22 (NsNewsWire) — The booming bike-sharing industry has had a polarizing effect on Chinese bicycle manufacturers, with big companies going full steam to churn out millions of bikes every month, and smaller firms dying due to a lack of orders. At factories of Flying Pigeon, a bike maker in Tianjin Municipality, production lines […]

LONDON, March 22 (NsNewsWire) — Britain’s consumer price index (CPI), a main gauge of inflation, jumped higher than expectations to 2.3 percent in February, while a fall in public sector borrowing figures will be a bonus for the government as it enters a possibly turbulent period of negotiating Brexit. The CPI figure from the official […]

TOKYO, March 21 (Xinhua) — The U.S. dollar changed hands in the mid-112 yen zone in early deals in Tokyo on Tuesday, largely in line with levels seen overnight in New York. At 9 a.m., the dollar was quoted at 112.57-58 yen compared with 112.50-60 yen in New York. The euro, meanwhile, fetched 1.0737-0737 dollars […]

BEIJING, March 21 (NsNewsWire) — A slower but more sustainable Chinese economy will be good for China and better for the rest of the world. The world economy has been in a low-growth trap for five years, as persistent growth shortfalls have weighed on future output expectations while widening productivity gaps contributed to rising inequality, […]