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From Bloomberg : China will allow companies to use the yuan to settle cross-border trade and let them keep their entitlement to export tax rebates, seeking to reduce the reliance of importers and exporters on the U.S. dollar. The People’s Bank of China will encourage banks to offer yuan settlement services from today, the bank said in the regulations published on its Web site . Transactions inside China will take place in Shanghai and four cities in southern Guangdong province, including Guangzhou and Shenzhen, while those... [read full story]
XL Capital Ltd. (NYSE: XL - News) last week announced its plans to expand its international operations in China. XL has received approval from the China Insurance Regulatory Commission (CIRC) to start preparatory work to set up...
BEIJING, Nov. 23 (Xinhua) -- WPA 2010, to be held at China National Convention Center in Beijing, near the Bird's Nest, or the Olympic Stadium, is expected to attract more than 500 exhibitors, including the Danish Wind Energy...
By Institute for Energy Research Friday, November 20, 2009 Washington, DC – In anticipation of President Barack Obama’s return from Asia, the free-market Institute for Energy Research (IER) today released and delivered a policy...
Marina Bay Sands’ parent Las Vegas Sands raised about 2.5 billion US dollars in a Hong Kong initial public offering of its Macau business. Sands China and its parent Las Vegas Sands sold 1.87 billion shares at 10.38 Hong Kong...
