The U.S. dollar rallied against most major currencies Wednesday after the Federal Reserve increased projections of federal funds rate.
Sep 182014
Sep 182014
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
Finnish energy company Vantaa Energy announced on Wednesday that its new waste-to-energy plant has started to go into operation in Vantaa, a city next to the capital Helsinki.
Sep 182014
Japan’s trade deficit in August stood at 948.5 billion yen (about 8.74 billion U.S. dollars) for the 26th consecutive month in red, the Japanese Finance Ministry said Thursday.
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.
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
French industrial production inched up 0.2 percent at the end of July after growing 1.2 percent a month earlier, national statistics institute Insee said Wednesday.
Sep 112014
Zimbabwe’s Finance Minister Patrick Chinamasa said Wednesday that Zimbabwe is on track to secure more Chinese funding to bankroll infrastructure projects and the government is working to facilitate private firms, not just big state firms, to tap into that resources with bankable projects.
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.