Latest News (121-140)

&$&$Volunteers pose after the ceremony. [Photo/Xinhua]&$ &$【1】 &$&$【2】 &$&$【3】 &$ &$ &$

&$&$Volunteers pose after the ceremony. [Photo/Xinhua] &$ &$【1】 &$&$【2】 &$&$【3】 &$ &$ &$

China Mobile, which enjoys a near-unassailable share in China's telecom market, is also the most profitable telecom operator in the world. The company ranked seventh in revenue on the top-10 global telecom operators list released by market research company Analysys Mason on Sept. 8, but ranked first according to the earnings before interest, taxes, depreciation and amortization. According to Analysys Mason, the worldwide telecom market generated 1.8 trillion U.S. dollars in revenue in 2009, ...

China's stocks slumped by more than 1.4 percent on Thursday, as banks, real estate, energy and metal companies all declined to the rumor that Beijing is likely to tighten its hand to control housing bubbles. The Shanghai composite stock index, which tracks the bigger of China’s two stock exchanges, dropped 38.94 points, or 1.44 percent on a daily turnover of 156.16 billion yuan. A majority of listed banks and property developers tumbled by more than 2 percent, as a top banking industry ...

The Second World Investment Forum (WIF) of the United Nations Conference for Trade and Development (UNCTAD) with the theme "Investment for Sustainable Development" opened Tuesday in Xiamen, east China's Fujian province. The WIF forum has drawn leaders in 400 realms of investment from 116 countries, and "this fully demonstrates the importance that international investment has gains as an engine of growth and development," UNCTAD Secretary-General Supachai Panitchpakdi said at the opening session ...

China opened a forum on the sidelines of the ongoing Shanghai World Expo Thursday to discuss how rural areas can reduce the economic gap with cities, as developing nations increasingly confront the challenge of economic transformation. The two-day forum is being held in Shaoxing City in east China's Zhejiang Province. Nearly 600 delegates, including Chinese government officials, mayors, sociologists and economists from around the world are attending the forum, said Xu Wei, a Shanghai World ...

With a series of activities focused on cross-Strait investment matchmaking, officials, experts and businessmen from the Chinese mainland and Taiwan have embraced a weeklong journey to explore deeper economic cooperation amid warming ties. On Wednesday, more than 20 Taiwan land companies and institutions, led by the Taiwan Land Development Corporation, opened their exhibition booths at the 2nd China International Fair for Investment in Property (CIFIP) in the coastal city Xiamen, in so ...

&$&$ECONOMIC PACT&$&$ Also on Wednesday, Vice Minister of Commerce Jiang Zengwei urged the two sides to make good use of the Economic Cooperation Framework Agreement (ECFA) in order to further promote cross-Strait economic cooperation. Jiang said the ECFA basically covers the main economic activities between the mainland and Taiwan, including improvements on the current cross-Strait economic system and promises on future economic cooperation. Jiang made ...

&$&$TRAVEL BOND&$&$ The coastal city of Xiamen began its busy schedule Monday with the launch of the 6th Cross-Strait Travel Fair, the first in a series of activities on promoting cross-Strait economic ties. During the fair, 20 counties and towns from Fujian and Taiwan signed agreements on travel cooperation. According to the document, the two regions should regard each other as a main tourist destination, and every year Fujian will organize 10,000 local ...

Brazil's wealth gap narrowed as the country's Gini coefficient dropped from 0.521 in 2008 to 0.518 in 2009, according to a survey released Wednesday. The Gini coefficient is an index to measure wealth imbalance that goes from zero to one. The higher the figures, the more concentrated the wealth is. According to the nationwide household survey by Brazilian Institute of Geography and Statistics, the access to basic services has increased from 2004 to 2009. In 2004 only 50 million househol ...

Business confidence among large Japanese firms improved in the July-September quarter from the previous quarter, the government said in a report on Thursday. The index of business sentiment at companies capitalized at 1 billion yen or more rose to 7.1 from 4.0 in the April-June period, the survey jointly conducted by the Finance Ministry and the Cabinet Office showed. The headline index was the second consecutive positive figure following 4.0 logged in the second quarter, which showed the ...

Australian Employment Minister Simon Crean on Thursday described the latest jobs data as " outstanding," saying it was a result of the government's successful economic management. Australia's unemployment rate declined in August to a seasonally adjusted 5.1 percent, according to data released Thursday by the Australian Bureau of Statistics. The Bureau of Statistics figures showed 53,100 full-time jobs were created in August, the biggest monthly increase in more than two years, with part-time ...

Malaysia's Industrial Production Index in July increased 3.2 percent due to the increases in the Manufacturing Index and Electricity Index. According to the Malaysian Statistics Department, the increases in the two indices outweighed the 5.9 percent decrease in the Mining Index. The department said in a statement here on Thursday that Malaysia's manufacturing output in July increased 7.2 percent, year-on-year. This was due to increases in the groups of non-metallic mineral products, ba ...

Brazil has coped with the global financial crisis well without much trouble, a local scholar said. Measures implemented by the government led by President Luiz Inacio Lula da Silva enabled Brazil to achieve that, said Newton Marques, professor at University of Brasilia (UnB), in a recent interview with Xinhua. The government, under the leadership of Lula, decided to boost the country's economic growth through strengthening the domestic market, although many experts believed that Brazil sho ...

The Philippine market zoomed to its all-time high of 3,902.56 on Thursday as investors, afraid to be left behind, scampered for stocks that were trading in the negative during the session. By end of trading, the bellwether PSEi jumped by as much as 2. 56 percent or 97.78 points to close to its historic high of 3,902. 56. For the year, the market has already posted a gain of 28 percent. Philippine Stock Exchange President Val Suarez said the positive outlook for the Philippine economy has a ...

Chinese equities on Thursday declined the most in two weeks as financial and property shares continued to fall, with the benchmark Shanghai Composite Index down 38.94 points, or 1.44 percent to close at 2,656.35. The Shenzhen Component Index dropped 257.43 points, or 2.2 percent, to end at 11,465.35. Combined turnover expanded to 297.99 billion yuan (43.82 billion U.S. dollars) from 252.43 billion yuan on the previous trading day. Losers outnumbered gainers by 706 to 169 in Shanghai and ...

Brazil's vehicle production amounted to over 2.4 million units in the first eight months of 2010, up 17.4 percent year on year, the National Motor Vehicle Manufacturers Association (Anfavea) said on Wednesday. In August, vehicle production reached 329,092 units, up 3.4 percent from July and 11.5 percent compared with last August. Lower default rates, higher credit, and the rise of employment attributed to this increase, Anfavea said. The production of cars and light vehicles rose 3.7 perce ...

The proposed alliance between Australian and American airlines, Virgin Blue Holdings Ltd - Delta Air Lines on trans-Pacific routes, was rejected by U.S. regulators on Thursday. The U.S. Department of Transport (DOT) said that the application from Delta and Virgin had "not made a strong showing of public benefits" for giving the two carriers exemption from U.S. anti-trust laws. The two carriers now have 14 days to respond to the tentative order and Virgin Blue said it would be negotiating w ...

Indonesia's palm oil industry that has been supporting life for 2.8 million of family is struggling to resist attacks from government's plan to adopt forest moratorium and from foreign companies that stopped buying crude palm oil (CPO) triggered by black campaign. Moratorium obligation on primary forest and peat land set in a Letter of Intent (LoI) between Indonesia and Norway is expected to derail the country's palm oil industry as the policy is regarded as counter-productive with th ...

"The NGO has planned the scenario. This is a systematic effort to destroy Indonesia's palm oil industry," said Executive Director of GAPKI Fadhil Hasan. Hasan said that active attack by NGOs and Europe against Indonesia's palm oil industry needs to be addressed with government's intervention and neutral big organization such as the United Nations Development Program (UNDP). Aviliani, a prominent economist from Institute for Development of Economics and Finance Indonesia (INDEF) ...