Latest International Business News
RSS-
Bird flu hits poultry industry for $6b
/enpproperty--> Bird flu, which erupted in March, has so far cost the poultry industry 40 billion yuan ($6.25 billion), Li Xirong, deputy-director of the China Animal Agriculture Association, said in a recent industry forum. Li said the daily economic cost caused by the disease could exceed 1 billion yuan, and this year is "the hardest ever" for the industry. Since bird flu ...
-
Gearing for world without PCs
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this ...
-
Fitch Rates State Grid Corporation of Chinas USD bonds Final A+
California's Fiscally Disciplined Budget Positive Fitch Ratings views California's fiscal 2014 budget as continuing the disciplined approach to fiscal management shown by the state in recent years. California's economic outlook cautiously forecasts that the expiration of the federal payroll tax holiday and federal sequestration cuts will have a modestly negative impact on ...
More International Business News
RSS-
GLOBAL MARKETS-Shares grind higher yen edges up on Amari comments
Mon May 20, 2013 3:30am EDT * World shares at near 5-yr high * Dollar slips from Friday's 4-1/2 year high vs yen * Gold extends longest losing streak in four years By Marc Jones LONDON, May 20 (Reuters) - Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan's economy minister that consumers could suffer if the yen falls ...
-
Seal fur industry defeated
BRUSSELS - The European General Court has wisely decided to uphold the European Union's ban on commercial trade in seal products. The court ...
-
COLUMN-Commodity companies cost-cutting stampede yet to work Clyde Russell
Mon May 20, 2013 3:09am EDT --Clyde Russell is a Reuters market analyst. The views expressed are his own.-- By Clyde Russell LAUNCESTON, Australia, May 20 (Reuters) - If you ever needed an example of the corporate herd mentality, then look no further than the stampede of cost-cutting among commodity producers started by BHP Billiton. Since the Anglo-Australian miner moved last August to scrap or ...
-
Leighton not worried about mining downturn
Construction giant Leighton Holdings says it's not concerned about the recent woes of mining services companies due to its diverse business interests and cyclical nature of the industry.Mining services companies WorleyParsons and UGL both issued significant profit downgrades last week due to the slowdown in investment in the resources sector in Australia due to lower commodity prices.But ...
-
Indonesia will name investment chief as new finance minister - media
JAKARTA | Mon May 20, 2013 3:03am EDT JAKARTA May 20 (Reuters) - Indonesia's investment board chief Chatib Basri will be named the country's new finance minister, the Jakarta Globe daily quoted the industry minister as saying on Monday. There was no immediate comment from the presidential palace or Basri. Basri, 47, will be inaugurated on Tuesday to become the third finance ...
-
New Zealand to change tax rules of foreign superannuation mining
The New Zealand government introduced a bill aiming to simplify the tax treatment of foreign superannuation and mining to the New Zealand Parliament on Monday, as part of a drive to rationalize its tax system."The current rules for taxing New Zealand residents on their foreign superannuation are complex and can be difficult to understand," said Revenue Minister Peter Dunne in a ...
-
Boosting Ethiopias economy one soft-soled step at a time
Specifically, building a successful shoe manufacturing business that creates jobs, empowers employees, like the one she founded -- SoleRebels, the first ever global footwear company to come out of a developing country. "You don't build your economy based on aid, you want to build your economy based on the way SoleRebels built its business, so that it's sustainable," Bethlehem ...
-
Jordan felt the eclectic beat with STOMP the world reknowned musical show
STOMP steps into Jordan (photo from STOMP Facebook page) The individuality and personality of the world-renowned STOMP groupEUR(TM)s members shone through their rehearsals of the choreographed percussion show ahead of their three-day performance at Amman's Palace of Culture.The British show has travelled around the world for over twenty years, with the 12 performers using brooms, lids, ...
-
Small business in a fragile state ACCI
A leading business group believes the federal budget was a missed opportunity to help small firms, as a new survey shows the sector remains in a fragile state.Two opinion polls also found voters expecting to be worse off after Treasurer Wayne Swan's sixth budget last week, which included $43 billion in spending cuts and tax increases over four years, and the promise of a surplus pushed out ...
-
Mercedes-Benz workers strike over outsourcing plans
The car manufacturer was expected to approach the court if the 1 600 workers at its East London plant did not return to work by end of Monday, it was reported. The workers embarked on the strike on Friday, bringing production to a halt. Mercedes-Benz has not experienced a strike in more than 24 years, ...
-
Slump time Fall in gold prices hit loan companies amid harsh market conditions
Their strong run over the last few years made them look like set for exponential growth for a long time to come. For the last few months, gold loan companies have been struggling to come to terms with the harsh market reality.Gold loan financiers expanded business at an astronomical pace in 2010 and 2011 as gold's price zoomed and more and more people pledged the metal to avail of cheaper ...
-
Ivory Coast finding reconstruction easier than reconciliation | Tamasin Ford
Taking stock ...A share price seminar in Abidjan. But does Ivory Coast's upward economic trajectory mask lingering problems? Photograph: Issouf ...
-
Small business niches with good potential
Thanks to flexible business and credit plans, finding a small business niche and starting a venture on your own is now easier than in the past. However, most small business owners, who are at a beginner's level, often choose to take a path that has already been taken by many others. As a result, they struggle to find a place on the market for years. Even if they have the right knowledge and ...
-
Worlds biggest croc turns 110 in Qld
IT took Cassius less than a minute to devour a cake made of chicken necks to celebrate his first birthday party in 110 years. Far north Queensland keepers of the world's largest saltwater crocodile in captivity sang the old croc Happy Birthday before giving him a 20 kilogram meat cake topped with candles. "He destroyed it in about 30 seconds," Marineland Melanesia croc wrangler Billy ...
-
Circular economy investment up
Workers lay solar panels on a roof at Nanjing South Railway Station. China is giving attention to reducing energy consumption in industrial production. Dong Jinlin / for China DailyThe Chinese government will double its investment in the circular economy this year to 2 billion yuan ($300 million) to support the national policies of energy conservation and emission reduction, a senior official ...
-
Chinas economy on track for gradual slowdown in H2 as govt reiterates policy stance
China's economy is expected to head toward a gradual slowdown in the second half of this year, as the central government has stated that it will retain its current mix of tightened economic policies.Top officials from the Political Bureau of the CPC Central Committee agreed at a Friday meeting that the country will stick to its proactive fiscal policies in the second half of this year, with ...
-
Danieli to get boost from changes in industry structure
A low-emission production facility for steel wire in Dalian, Liaoning province. According to analysts, the government's drive for industry consolidation by moving from inland to coastal areas provides opportunities for equipment suppliers. Liu Debin / For China DailyDanieli &C Officine Meccaniche SpA, one of the world's leading equipment suppliers for the metals industry, said it ...
-
Small firms set for relief from finance crunch
Small enterprises that have been facing capital shortages might get relief soon, if State-owned banks ease lending policies for such businesses, Hu Xiaoming, vice-president at Alibaba Group, said. Hu made the remarks on Wednesday in Beijing as Alibaba (China) Co Ltd and the National School of Development at Peking University jointly issued a report on small firms' management and financial ...
-
Heydar Aliyev Center to host exhibition of world famous artist Andy Warhol
1news.az reports. According to the press service for the center, the exhibition is organized as part of the center's cooperation with the Andy Warhol Museum (United States). The international exhibition called 'Life, death and beautiful' feature nearly 100 works of the author including portraits by celebrities of cinema, music, fashion, as well as other works by the ...
-
Nikkei hits new 5 12-yr high on weak yen signs of improving economy
TOKYO, May 20 (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and as the Japanese government raised its assessment of the economy in May for the first time in two months. Signs of an improving U.S. economy and Wall Street's record closing high on Friday cemented the positive mood. The Nikkei climbed 1.5 percent to ...
-
Sreesanth if found guilty to forgo World Cup medals records erased
Cricket News: CHANDIGARH: If India pacer S Sreesanth is found guilty in the IPL spot-fixing case, have to return the World Cup 2011 and World T20 2007 medals, along with his man-of-the-match awards. It is learnt that the BCCI will not just ban him for life, but also suggest that the International Cricket Council (ICC) erase all his records from international ...
-
Seoul shares slip autos gain food companies fall
SEOUL | Mon May 20, 2013 2:09am EDT SEOUL May 20 (Reuters) - South Korean shares edged lower on Monday,with gains in automakers such as Hyundai Motor offset by falls in food companies as institutions sought to take profits on the sector. The Korea Composite Stock Price Index finished down 0.2 percent at 1,982.43 points. (Reporting by Jungyoun Park; Editing by Richard ...
Latin America Focus
-
Latin American unity plagued by tensions
Division and suspicion seem the order of the day in Latin America at present, negating any optimism that the countries of the region may one day move toward a regional integration model based on that of the EU.
Latin America has seen itself become heavily divided over the issue of whether to readmit Honduras to the Organization of American States (OAS) after the 2009 coup, with all the Central American states accepting the new government while big regional players like Brazil and Mexico insist that more must be done before they’ll recognize it. Meanwhile, President Alan Garcia of Peru has told Latin America news providers that there is a quiet arms race occurring in the region. In all, it seems that regional integration along the same lines as the EU remains a long way off at present. Read more
News from around our Network
