Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its… Please follow and like us:

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China’s US surplus jumps as trade with world picks up

China’s trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China’s global surplus as domestic demand spurred a rally in imports. The figures on… Please follow and like us:

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Foreign trade set to exceed $4t

China’s foreign trade volume is expected to exceed $4 trillion in 2017 if there are no special circumstances based on figures accumulated in the first 11 months, the Ministry of Commerce predicted on Thursday. Gao Feng, the ministry’s spokesman, said China has been resolutely pushing forward supply-side structural reform in foreign trade. The labor, capital and… Please follow and like us:

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State Department: US, Russia Agree to Continue Diplomacy Over N. Korea

U.S. Secretary of State Rex Tillerson and Russian Foreign Minister Sergei Lavrov have “agreed to continue to work toward a diplomatic solution to achieve a denuclearized Korean peninsula,” the U.S. State Department said Wednesday. A U.S. statement said the two spoke by phone Tuesday to discuss concerns related to North Korea’s “destabilizing nuclear program and emphasized… Please follow and like us:

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ITC patent ruling on Comcast, TiVo

ANALYSIS/OPINION: What is a large and powerful company to do when it no longer wishes to pay the licensing fees for the technology it is selling? In the case of Comcast, the answer is simple – just steal the technology and ignore the law. TiVo, here, is the victim of Comcast’s theft. TiVo, which recently merged… Please follow and like us:

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LNG Imports To China Expected To Surge

China, already the third-largest LNG buyer worldwide after South Korea and Japan, is about to become an even bigger player in the market as the country’s demand for natural gas continues rising sharply. S&P Global Platts Analytics forecasts that China – which is increasingly replacing coal with cleaner burning gas to reduce air pollution – will… Please follow and like us:

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US, EU should fulfill WTO vow to fruits of partnership

The European Union should have recognized China as a market economy one year ago because, as one of the members of the World Trade Organization, it had agreed to a “sunset clause” in 2001, when China joined the WTO, that it would stop using the “surrogate country” approach when calculating anti-dumping measures against Chinese imports by… Please follow and like us:

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Forex Investors Buzz Week Ahead Dec 11 – 15

Forex Investors Buzz Week Ahead Dec 11 – 15 Bank of England will be deciding on monetary policy ECB will deliver its latest monetary policy decision Japan, analysts are eyeing Tankan’s quarterly business condition Next week, the most important event will be the Fed monetary policy decision. The ECB and the Bank of England will also… Please follow and like us:

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Why the US rejection of China’s market economy status is wrong

BEIJING — The United States is throwing cold water on the growing geniality of trade relations between itself and China with its rebuke of the latter’s bid for recognition as a market economy in the World Trade Organization (WTO). The US government recently formally opposed to China’s bid, citing decades of legal precedent and what it… Please follow and like us:

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High Concentrations Of Rare Earth Elements Found In American Coal Basins

WASHINGTON, D.C. – The U.S. Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) has found high rare earth element (REE) concentrations in coal samples taken from the Illinois, Northern Appalachian, Central Appalachian, Rocky Mountain Coal Basins, and the Pennsylvania Anthracite region. These highly concentrated samples are greater than 300 parts per million (ppm). “Rare Earth… Please follow and like us:

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Qualcomm Trying To Get iPhone X Banned In US

A new set of legal filings from telecommunications equipment maker Qualcomm in its ongoing court battle with Apple will seek to ban the sale of iPhone X offered by multiple carriers in the United States. According to the three new lawsuits filed by the company this week, Qualcomm has accused Apple of infringing on 16 separate… Please follow and like us:

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Brexit-charged inflation bites into Christmas shopping

While shoppers at Nottingham’s Christmas market complain about high prices, nearby volunteers hand out food parcels and retailers seek to dispel Brexit gloom with Black Friday sales. The price of everything “is shooting through the roof and wages are pretty much staying the same, so every month you cut back on a little bit more”, council… Please follow and like us:

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Crude Oil Suffers Setback As More Traders Opt for U.S. Blend

Nigeria’s crude oil is under serious pressure at the international market, as Asian refiners have increasingly been moving away from their usual favourite, frequently opting for United State (U.S) crude oil, the Organisation of the Petroleum Exporting Countries (OPEC) has said. Besides, Nigeria’s crude oil production declined by 54,200 barrels per day (bpd) from the 1.792bpd… Please follow and like us:

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China’s cross-border e-commerce expected to hit $1.32t in 2018

Customs officials in Yiwu, Zhejiang province, inspect e-commerce parcels from South Korea. [Photo/China Daily] Chinese cross-border e-commerce transaction reached 6.7 trillion yuan ($1.01 trillion) in 2016, up by 31.6 percent, chinanews.com reported Sunday, citing an index released at a forum held in Shanghai. The Chinese Cross-Border E-commerce Index also predicted that by 2018, value of China’s… Please follow and like us:

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Trump’s November Asia Trip to Include 1st China Visit

U.S. President Donald Trump will embark on a trip to Asia in November with the goal of garnering global support against the North Korean threat, while attending regional summits and discussing trade, the White House announced Friday. “The president’s engagements will strengthen the international resolve to confront the North Korean threat and ensure the complete, verifiable,… Please follow and like us:

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