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  • April 19, 2014
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  1. Business - China Business - TRADE

    Cheaper yuan attracts Canton Fair buyers, but exporters won't count on it

    Posted Apr 18th 2014, 09:31am by Denise Tsang

    ... the currency to trade up to 2 per cent- from 1 per cent previously- above or below a reference rate against the US dollar that the central bank sets each day. We assume the yuan will return ... to the appreciation track later this year," said Timo Xu, the company's marketing chief. "We won't swallow a more expensive yuan and will pass the exchange rate difference ...

  2. Business - Economy - TRADE

    Market boom swinging south

    Posted Apr 07th 2014, 04:38am by Benjamin Robertson

    ... It would top US$4 trillion by 2018, Minh said. In recent years, credit ratings of Asean members' sovereign debt, with the exception of Vietnam, have all been upgraded. Despite a basic ...

  3. Business - Economy - TRADE

    Chinese exports tumble in February, raising fears of economic slowdown

    Posted Mar 09th 2014, 05:30am by Reuters

    ... bureau will release combined data on January-February retail sales, industrial output and investment for January and February on Thursday. The figures are expected to show a slightly slower rate ...

  4. Business - Banking & Finance - TRADE

    China's surge in forex reserves prompts calls for monetary reform

    Posted Jan 17th 2014, 01:09am by Denise Tsang

    ... Denise Tsang Denise.tsang@scmp.com Strong capital inflows, buoyed by rising interest rates and a strengthening currency, prompt calls for Beijing to implement monetary reform Forex surge ... strengthening yuan and underscoring the need for monetary reforms. The strong capital inflow, buoyed by higher interest rates and a 2.9 per cent appreciation of the yuan against the US dollar last year, ...

  5. Business - Economy - TRADE

    More gloom in store for Hong Kong port

    Posted Dec 30th 2013, 10:59am by Toh Han Shih

    ... Jefferies remains cautious on container shipping because the sector may struggle to stay profitable next year as surplus capacity will depress freight rates. Globally, capacity growth would increase ... Jefferies warned. "There may be a lot of volatility in freight rates as the container liners may show pockets of collective strength, but generally, surplus capacity will dictate the direction ...

  6. Business - China Business - TRADE

    EU slaps duties on China solar glass

    Posted Nov 29th 2013, 04:10am by Bloomberg

    ... rate, while Xinyi PV Products is subject to a 39.3 per cent duty. EU governments, acting on a proposal from the commission, must decide within six months whether to turn the provisional duties into "definitive" levies lasting for five years. The rates for definitive duties can change. Since last year, the EU has been investigating alleged subsidies to Chinese solar-panel makers and alleged ...

  7. Business - Economy - TRADE

    Exports head for end-of-year bounce

    Posted Oct 31st 2013, 02:57am by Anita Lam

    ... of 4 per cent for the whole year, saying it would be a tall order to double the export growth rate from 3.2 per cent in the first nine months to 6 or 7 per cent for the full year. Nicholas Kwan, ...

  8. News - Asia - TRADE

    Japanese PM Abe snubs critics to pursue US-led trade accord

    Posted Mar 16th 2013, 12:00am by Bloomberg

    ... are watching the birth of an economic zone that will account for about a third of the world's economy," Abe said in Tokyo yesterday. "If Japan alone remains inward-looking, it will have ... approval ratings he has leverage to twist arms in the LDP." Japan's participation would boost its gross domestic product by 0.66 percentage point or 3.2 trillion yen (HK$256 billion) ...

  9. News - Hong Kong - TRADE

    Chinese consumers go crazy for Californian pistachios

    Posted Aug 11th 2013, 12:00am by John Carney

    ... in 2012, have enjoyed double-digit rates of growth since 2008, and increased 32 per cent in the last year alone. "Food and agricultural products are California's third largest export ...

  10. Business - Economy - TRADE

    Dairy contamination scare hits New Zealand's image

    Posted Aug 08th 2013, 12:00am by BLOOM

    ... pared bets on higher interest rates this year on concern that the incident may weaken the US$156 billion economy. The news prompted product recalls in China, Vietnam, Thailand, Sri Lanka and New ...




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