More effort is needed to integrate Europe’s digital single market to unlock its growth and job-creating potential, members of the European Parliament (MEPs) stressed in a debate with EU Internal Market Commissioner Michel Barnier.
Sep 182014
Sep 182014
The U.S. dollar rallied against most major currencies Wednesday after the Federal Reserve increased projections of federal funds rate.
Sep 182014
The U.S. Federal Reserve reaffirmed on Wednesday that a highly accommodative stance of monetary policy remains appropriate and it decided to make a further measured reduction in the pace of its asset purchases.
Sep 182014
Divisions were evident in a European Parliament (EP) debate Wednesday on a proposed trade agreement between the European Union (EU) and Canada.
Sep 182014
The Agri-Food and Veterinary Authority said the use of tainted oil”is primarily a fraudulent practice”and that it is working with food safety watchdogs in Taiwan and Hong Kong to ensure that other affected products on the recall list will not be imported to Singapore.
Sep 182014
The Asian Development Bank (ADB) has pledged to continue providing Vietnam 3.67 billion U.S. dollars in loans for 2015-2017 period, equivalent to the level of previous years despite the fact that Vietnam is now a middle- income country.
Sep 182014
Major Chinese oil company Sinopec Group on Thursday said it has taken over 67.5 percent of the A-shares of drilling equipment maker Kingdream. Sinopec has agreed for Shenzhen-listed Kingdream Public Limited Company to raise funds through private offering to buy 100 percent of shares Sinopec holds in its Petroleum Engineering Machinery Co., Ltd. The deal will pave the way for the listing of Petroleum Engineering Machinery Co., Ltd., Sinopec said in a statement on its website. Kingdream has proposed a profit distribution policy stipulating that no less than 30 percent of annual average distributable profits from the past three years will be paid to investors in cash if the company has no major investment plan. The injection of engineering machinery assets into Kingdream will make the company Sinopec’s center for petroleum equipment manufacturing and technological service. Previously, Sinopec Group had made Hong Kong-listed Sinopec Yizheng Chemical Fibre Co. Ltd. its sole unit through asset restructuring to carry out business in petroleum engineering contracting and technological service. Follow China.org.cn on Twitter and Facebook to join the conversation.
Sep 132014
India’s July industrial output slumped to 0.5 percent against 3.4 percent in June, according to official data released Friday.
Sep 122014
China’s antitrust law enforcement is neither selective nor targeting any particular market entities or foreign firms, an official said on Thursday.
Sep 112014
The Chinese coastal city of Xiamen has found 4.9 tonnes of food connected to tainted lard produced in Taiwan, inspection and quarantine authorities said Thursday.