Russian president underscores economic growth in state of union address

MOSCOW, Dec. 2 (Xinhua) — Russian President Vladimir Putin on Thursday stressed the importance of economic growth, saying development is the top priority of the country. While giving his annual state of the union speech to the Federal Assembly, Putin addressed the full scope of domestic and foreign issues, as well as the outlines for […]

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Political turmoil in S. Korea adds to concerns over faltering economy

SEOUL, Dec. 2 (Xinhua) — Political turmoil in South Korea, triggered by a scandal involving President Park Geun-hye, adds to concerns over the already faltering economy, heralding a drawn-out slump in the absence of economic control tower. Real gross domestic product (GDP) rose 0.6 percent in the July-September quarter compared with the previous quarter, staying […]

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Dhaval Color Chem (DCC) Launches Bangladesh Operation

DHAKA, Nov. 30 (NsNewsWire) —  Dhaval Color Chem (DCC) Print Vision LLP is one of the most trusted names in the textile printing industry with a wide distributing network having 40 years of proven experience in this sector with one stop solution in Asian countries. The first and foremost printing studio of DCC has been […]

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Foreign Ministry for Product Diversity and Market Expansion for RMG Products

DHAKA, Nov. 29 (NsNewsWire) –‘All our factories have been made compliant in the recent past. The global market is expanding and Bangladesh needs to diversify our products and markets and lead the garments sector.’ State Minister for Foreign Affairs, Shahriar Alam, MP observed this while addressing as the Chief Guest at a seminar titled “Taking […]

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China encourages social capital to upgrade consumer goods, increase supply

BEIJING, Nov. 29 (Xinhua) — China will encourage social capital to upgrade consumer goods and increase supply in an effort to build the tertiary sector into a new growth driver, said an official with the nation’s top economic planner Tuesday. “With its huge consumption potential, China needs to improve institutional mechanisms and the market environment […]

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Higher interest costs, volatile forex top credit risks for Asia-Pacific next year: S&P Global Ratings

SYDNEY, Nov. 29 (Xinhua) — Potentially higher interest costs and volatile foreign exchange rates pose top credit risks for the Asia-Pacific in the coming year, according to credit ratings provider S&P Global Ratings in an annual year-end report. Uncertainty about the policies of U.S. President-elect Donald Trump’s administration is dominating financial markets, the group said […]

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U.S. consumers spend slightly less this Thanksgiving weekend

WASHINGTON, Nov. 28 (NsNewsWire) — U.S. consumers spent about 44.5 billion U.S. dollars during this Thanksgiving weekend, slightly below a year ago, the largest U.S. retail trade association said on Sunday. More than 154 million consumers shopped over Thanksgiving weekend, from Thursday to Sunday, 2 percent above the 151 million shoppers in 2015, attracted by […]

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Chinese yuan strengthens to 6.9042 against USD Monday

BEIJING, Nov. 28 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 126 basis points to 6.9042 against the U.S. dollar Monday, according to the China Foreign Exchange Trading System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the […]

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