Thu, October 18, 2012

Business

US review found no evidence of Huawei spying

US review found no evidence of Huawei spying

A White House-ordered review of security risks posed by suppliers to U.S. telecommunications companies found no clear evidence that Huawei had spied for China. Full story

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ECONOMY

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China's business climate index falls in Q3

2012-10-18 09:02:37 GMT Xinhua English China's business climate index, a major gauge of the country's macroeconomic outlook, continued to fall in the third quarter, according to a latest survey.

Growth slowed in Q3 but Sept data encouraging

2012-10-18 09:00:18 GMT SINA.com China's economic growth slowed further in the third quarter, but performance in September beat market expectations and showed signs of stabilization, the National Bureau of Statistics said this morning.

China's annual economic growth target attainable

2012-10-18 09:00:05 GMT Xinhua English China's economic growth has started to stabilize, the State Council, China's Cabinet, said in a statement on Thursday, quoting Premier Wen Jiabao's recent talks on economic conditions.

Chinese SOE profits down 11.4 pct in first nine months

2012-10-18 08:48:25 GMT Xinhua English Profits at China's state-owned enterprises (SOEs) fell 11.4 percent year on year to 1.55 trillion yuan (246 billion U.S. dollars) in the first three quarters of 2012, the Ministry of Finance said Thursday.

MARKETS

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U.S. dollar falls vs. euro on Spain bailout hopes

2012-10-17 19:33:53 GMT Xinhua English The U.S. dollar dropped against the euro amid expectations that Spain would ask for a bailout next month at the earliest.

Oil edges up on positive data

2012-10-17 18:48:23 GMT Xinhua English U.S. crude oil edged up on Wednesday on positive data despite the bigger-than-expected increase in crude stocks.

Chinese cars win hearts of Brazil's new middle class

2012-10-17 04:35:44 GMT Xinhua English When sales manager Wellington Antunes arrived at the Chinese Chery car dealership in a busy street in Rio, he saw several customers already line up outside the door. It was around nine o'clock in the morning.

Spiraling food prices dominate World Food Day

2012-10-16 22:56:21 GMT Xinhua English The impact of spiraling food prices on the world's poorest topped the agenda when ministers from 20 countries gathered in Rome for the United Nations' World Food Day on Tuesday.

INDUSTRIES

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Russia sees no threat over possible Rosneft, TNK-BP deal

2012-10-18 09:04:54 GMT Xinhua English The Russian government saw no threat of the fuel market monopolization if oil giant Rosneft acquires TNK-BP company, the Russian energy minister said Thursday.

Russia's oil production to reach record high in 2012

2012-10-18 08:59:01 GMT Xinhua English Crude oil production in Russia would hit a record high of about 517 million tons in 2012, Russian Energy Minister Alexander Novak said Thursday.

Nutreco reports higher revenue in 2012 Q3

2012-10-18 08:55:27 GMT Xinhua English The revenue of Dutch animal food producer Nutreco grew by 13 percent in the third quarter of 2012 compared to the same period last year to 1.48 billion euros (about 1.94 billion U.S. dollars), the company announced here on Thursday.

Details key to retail success

2012-10-18 06:00:26 GMT China Daily New Zealander Greg Foran caused quite a stir by visiting a Walmart store in Wangjing, a large neighborhood in northern Beijing.

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