China's economy to expand 9.4% in 2010, report forecasts

2009-11-20 09:04:12 GMT Xinhua English BEIJING, Nov. 20 (Xinhua) -- China's economy is forecast to grow 9.4 percent next year on the growth of domestic consumption and improving exports, said a report released Friday by the Beijing-based Renmin University of China.

Millionaires club expands in China

2009-11-20 02:46:22 GMT China Daily The global economic downturn has not affected the personal wealth of the rich in China that continued to expand this year and also opened up more opportunities for private bankers, said a recent study.

Low rates could discourage financing real economy: China central bank governor

2009-11-20 02:44:45 GMT Xinhua English BEIJING, Nov. 20 (Xinhua) -- Low interest rates would discourage financial institutions from providing adequate financing to the real economy, Zhou Xiaochuan, governor of the People's Bank of China (PBOC) said Friday.

Hot money floods China

2009-11-20 02:39:44 GMT Global Times The Hong Kong Monetary Authority (HKMA) on Thursday morning injected HK$3.875 billion ($500 million) into the money market to stem an appreciating Hong Kong dollar and keep it within its fixed trading band.

US stocks fall in early trading as dollar rises

2009-11-20 15:21:34 GMT SINA.com NEW YORK – The stock market lost ground for a third straight day as investors grew increasingly uneasy about a rising dollar and spiking demand for the safest government debt.

US stocks decline in early trading as dollar rises

2009-11-20 14:55:26 GMT SINA.com NEW YORK – Stocks fell in early morning trading Friday as the dollar continued to strengthen, and after a week of mixed economic reports.

US stock futures point to lower opening

2009-11-20 14:19:28 GMT SINA.com NEW YORK – Stocks are set to continue their slide when the market opens Friday as the dollar strengthens further, and after a week of mixed economic reports. Futures are lower.

China to float 15 bln yuan T-bonds next week

2009-11-20 13:38:52 GMT Xinhua English BEIJING, Nov. 20 (Xinhua) -- China will issue 15 billion yuan (about 2.2 billion U.S. dollars) of short-term treasury bonds next week, the Ministry of Finance said here Friday.

Alibaba.com and Inc. announce Forward Mobility as ‘Newpreneur of the Year’

2009-11-20 18:55:41 GMT SINA.com Santa Clara, Calif. Nov. 20, 2009 -- Proving that the recession can create opportunities to grow or start a small business, Alibaba.com (HKSE: 1688) and Inc. announced today that Forward Mobility has been named ‘Newpreneur of the Year’ following a nationwide competition that concluded last night at San Francisco’s Bently Reserve. Based in Seattle, Forward Mobility designs and distributes breakthrough medical mobility products to help users maintain their independence. The company is dedicated to creating high quality jobs for people that are disadvantaged or disabled providing sustainability for the individual and their community.

Profits of China's central SOEs more than doubled in Oct

2009-11-20 17:31:37 GMT Xinhua English BEIJING, Nov. 20 (Xinhua) -- Profits of China's state-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said here on Friday.

Malaysia oks license to China's largest commercial bank

2009-11-20 16:00:59 GMT Xinhua English KUALA LUMPUR, Nov. 20 (Xinhua) -- Malaysia has approved a commercial bank license to the Industrial and Commercial Bank of China Ltd. (ICBC), China's largest commercial bank, the Malaysian central bank said here on Friday.

China telecom sector reports nearly 700 bln yuan in main business revenue by Oct.

2009-11-20 13:44:30 GMT Xinhua English BEIJING, Nov. 20 (Xinhua) -- China's telecom industry reported 698,9 billion yuan (101 billion U.S. dollars) in main business revenue for the first ten months this year, up 3.4 percent year on year, according to a statement Friday by the Ministry of Industry and Information Technology.