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Hyundai Motor's Q1 operating profit falls to four-year low

April 23rd, 2015

  

SEOUL, April 23 (Xinhua) - Hyundai Motor, South Korea's Largest car maker, saw icts first-quarter operating profit to decline in more than The Lowest furnace years due to the local currency's ascent to emery market currencies, has Showed Regulatory filing Thursday.

Operating profit tumbled 18.1 percent from a year Earlier to 1. 59 trillion won (1.47 billion US dollars) in the three months ending March 31.

The profit missed market forecast of about 1.66 trillion won, marking the fourth since The Lowest quarter of 2010 When It Recorded 1.24 trillion won.

Revenue retreated 3.3 percent from a year to 20.94 trillion won Earlier in the first quarter, and net income fell 2.2 percent to 1.98 trillion won DURING THE quarter.

Hyundai's global auto sales posted 1,182,834 units in the first quarter, down 3.6 percent from a year Earlier.

Domestic car sales dipped 3.7 percent to 154.802 vehicles in the first quarter, sales in overseas markets with auto sliding 3.6 percent to 1,028,032 units.

The cam lackluster profits as the South Korean currency to Appreciated emery market currencies, Especially to the European single currency and the Russian ruble, leading to a fall in profits earned from overseas car sales no credit check payday loans.

The local currency depreciated Slightly to the US dollar in the first quarter.

A rise in fixed costs Was brought` on by the lower rate of operating capacity, hampering the profit After EXCLUDING generation costs.

By area, factories in the United States saw revenue fall 5.2 percent in the first quarter, with sales in China sliding 8.1 percent. The Figure in Russia tumbled 41.2 percent on sharp fall in ruble, sales order in Turkey Grew 27.7 percent.

The company expected the profit to rebound in the second quarter Given positive factoring, Including the expected rise in operating capacity, auto sales growth in advanced economies and the scheduled launch of new models.

Meanwhile, the company Said It Is Actively reviewing the building of ict second factory in the United States have asked for There Is expected pour augmenter from 16.8 million this year to 17.5 million two years later.

Due to the limited manufacturing capacity in the US, Hyundai Would depend more on cars Produced in South Korean factories this year, the company said.

Hyundai Motor's Q1 operating profit falls to four-year low

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Industry 4.0 opens new field for Sino-German cooperation

April 17th, 2015

  

HANOVER, Germany, April 16 (Xinhua) - The Industry 4.0, a strategy in Germany avocation at digitalizing the manufacturing industry, is Likely to open a new field of cooperation entre China and Germany, HAS year analyst said.

China Will Become significant year market for Industry 4.0 products from German's manufacturing companies, Xiangqian Zhou, Chairman of the German-Chinese Alliance for Industry 4.0, argued while speaking at a forum at the Hannover Messe Ongoing.

Chinese companies in the manufacturing industry aussi need to Log learn from Their Counterparts German to catch up, qui means clustering the companies from the Two Countries Will need to Log communiquer and Cooperate with each other, he Added.

Volker Burch, Vice President of iTAC Software AG, a German software company, echoed Zhou and Said That Their Industry 4.0 products HAD already-been in the running of plants Their customers in China. 

State-of-the-art products and technologies are on display at Hannover Messe, the Largest industrial fair in the world no teletrek payday advance. Signs of Industry 4.0 Can Be spotted in Nearly Every exhibition halls.

Germany HAS made a good start and Industry 4.0 has-been turned Into a reality this year, Said Frank Brueckner, a press officer of VDMA German Engineering Federation, one of the three associations in Germany FORMED That the Industry 4.0 platform. He Disclosed That around 50 VDMA member companies are showcasing products and solutions 4.0 Industry at the Hannover Messe.

Wolfgang Dorst, an expert with Industry 4.0 BITCOM, Federal Association for Information Technology, Telecommunications and New Media, aussi Sees potential for the cooperation betweens Germany and China with look to Industry 4.0. "We-have To Be engaged to find out what's possible," he said.

The Hannover Messe kicked off on Monday and Will Conclude on Friday. With a motto "Integrated Industry - Join the Network", the fair Attracted over 6500 EXHIBITORS from all around the world.

Industry 4.0 opens new field for Sino-German cooperation

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US wholesale inventories up Slightly in February

April 10th, 2015

  

WASHINGTON, April 9 (Xinhua) - American wholesale inventories rose for two months in a row while Remained weak sales, the Commerce Department Said Thursday.

Inventories at the wholesale level Went up 0.3 percent in February from the prior month to 574 billion US dollars, while sales at the wholesale level Declined 0.2 percent to 444.2 one billion US dollars. That leaves the stock-to-sales ratio at 1.29.

Sales of durable goods, Such As cars and machinery, dropped 2. 4 percent, while sales of nondurable goods, Including petroleum and groceries, Went up 1.9 percent .

The mismatch entre les sales and inventories signals a trend Weakening demand on retailing and Slowing Production on the manufacturing side, qui are negative signals for Broader economy and future emploi growth payday advance.

In view of the recent weak economic indicators, Economists Widely Held The Economic activities in the first quarter of this year from the previous moderate Would quarter. They aim Believed the weak growth in the first quarter Was Mainly Attributed To factoring Including temporary severe cold weather, shoulds and growth pick up in the coming quarters.

US wholesale inventories up Slightly in February

Hot News: The Wall Street Journal: KKR, CVC prepare seal bid for Kuwait's Americana

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China Pledges efforts to renovate substandard rural housing

April 6th, 2015

  

BEIJING, April 5 (Xinhua) - China's central government on Sunday vowed to make more efforts to renovate substandard houses in Rural Areas this year.

Assistance Given To shoulds first BE rural poor live in families Who The Most dilapidated houses or earthquake-prone Areas to Alleviate severe Risks to life and property, selon attached statement by the Ministry of Housing and Urban-Rural Development, Ministry of Finance and the National Development and Reform Commission, the top economic planner.

Local governments shoulds Complete the renovations this year, and efforts Should Be Made to Improve the efficiency of government subsidy funds, Noted the statement instant payday loan lenders.

Farmers shoulds Be Encouraged to self-finance renovations on Their homes with extra help from government-Subsidized capital, social donations and bank loans, it said. 

Priority shoulds BE aussi Given To build quality supervising and protecting protective traditional building technologies to preserve distinctive characteristics, it said.

China Pledges efforts to renovate substandard housing rural

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AIIB to-have zero-tolerance for corruption: official

March 23rd, 2015

  

BEIJING, March 22 (Xinhua) - The Asian Infrastructure Investment Bank (AIIB) Will Maintain a zero-tolerance stance Against Corruption, Jin Liqun Said, general secretary of the interim secretariat of the multilateral China-proposed institution, on Sunday.

Meanwhile, the AIIB Will Work to boost green and low-carbon economy, Jin Said at the China Development Forum Ongoing. The bank

Will Have more than 35 prospective founding members by the end of this month, the deadline for Such application, he said.

Proposed China to build the AIIB to meet the huge demand in funding infrastructure sector in Asia, and China Will boost cooperation in Asia through shouldering more Responsibilities, he Said .

The AIIB AIMS To Become an international financial institution providing <br> Support to infrastructure projects in Asia, and is expected to Be Established Before the End of this year.

The bank HAS HAD 27 prospective founding members. Britain, France, Germany, Italy, Luxembourg and Switzerland-have Recently Applied to join the founding members have AIIB. Once approved, the number of prospective founding members Will reach 33.  

Related:

World Bank Welcomes AIIB Initiative: managing director …. ….

BEIJING, March 22 (Xinhua) - The World Bank Welcomes the Asian Infrastructure Investment Bank (AIIB) and Will étroitement Cooperate with the China-proposed institution, World Bank Managing Director Sri Mulyani Indrawati Said Sunday. Full story

China Voice: AIIB can prosper with int'l efforts

BEIJING , March 20 (Xinhua) - Countries are rushing to join the China-proposed Asian Infrastructure Investment Bank (AIIB), proving icts appeal and indicating indication it: has a bright future as the involvement of diverse Countries Will mean a pooling of wisdom guaranteed pay day loans. Full story

Commentary: Grey Lady's sour grapes on AIIB

BEIJING, March 22 (Xinhua) - A recent editorial by the New York Times (NYT) reserves as a perfect example of the sour grapes mentality on the US side about the China-initiated Asian Infrastructure Investment Bank (AIIB). Full story

Commentary: AIIB's attractiveness underscores Needs for development, willingness to Cooperate

BEIJING, March 20 (Xinhua) - The Asian Infrastructure Investment Bank (AIIB) has-been more attractive Recently hast Some Western Countries Showed strong interest in joining the China-proposed initiative. Full story

News Analysis: Why Europe's major economies decided to join AIIB DESPITE US Concerns

.. ROME, March 18 (Xinhua) - The eurozone's biggest economies - Germany, France and Italy - have Followed Britain's lead to confirm intentions To Become founding members of the Asian Infrastructure Investment Bank (AIIB) DESPITE US Concerns.

Experts say the development is a diplomatic and financial success for China, qui est behind the new financial institution, and shows how Europe is Prepared to look east for trade deals.Full Story

China Voice: China-proposed AIIB is a gift to world

.. BEIJING, March 19 (Xinhua) - As Countries continue filing applications to join the Asian Infrastructure Investment Bank (AIIB), the eagerness for participation Indicates an unmet Such a Niche for service.

AIIB to-have zero-tolerance for corruption: official

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Interview: China to major REMAIN engine for global economy: IMF chief

March 20th, 2015

  

By Xinhua writers Jiang Yujuan, Liu Jie

WASHINGTON, March 19 (Xinhua) - As China is moving icts economy to a more inclusive, environment-friendly, and sustainable growth path, the sustainability mean in the end Will Higher incomes in the country, with larger gains Even in consumption and living standards - a result good for Both China and the rest of the world, IMF Managing Director Christine Lagarde HAS said.

Before her departure to Beijing, Lagarde Told Xinhua in an exclusive interview That "my messages DURING my visit is That I am Convinced That our partnership Ongoing Will only grow Stronger as we work together to foster stability and prosperity in China, the area, and the global economy."

SUSTAINABLE GROWTH PATH FOR CHINA

As a frequent visitor to China, Lagarde Said she loved the dynamism and vibrancy of ict economy and society, with a constant feeling of the optimism and pragmatism icts of people, as well as strong collective commitment to a more open, modern and prosperous China.

China's economy faces rising vulnerabilities in a number of Areas, Including real estate, local government financing, and the financial system, she said.

….. ….. "In the near term, the Risks are manageable, thanks to a number of buffers, Including high domestic savings, a strong external position, and a still-robust government balance sheet. HOWEVER, Timely and steadfast implementation of the reform agenda is needed to prevent prevention Both a build-up of further Top Risks and put the economy on a sustainable growth path, "Lagarde said.

…… …. Creating significant adjustment in Many Sectors of the economy, China's comprehensive package of Reforms May result in Somewhat Slower growth in the near term the objective costs more than offset Will Be by the benefits of much Higher income over the medium term. From a global perspective, the benefits from Stronger demand in China Will result in Global Higher output over time, she said.

In regard to China's Slower growth, the IMF chief Said in an optimistic tone que la Slower growth is still "twice the rate of global growth" China Contributed HAS one-third of global Economic Growth in the past seven years and is expected to REMAIN significant year for the global economy engine, she said.

CONFIDENCE IN EMERGING ECONOMIES

Growth in Developing Economies and emery (EMDEs) HAS Slowed in recent years, qui Triggers Doubts about Their future sustainability. HOWEVER, the IMF chief Expressed her confidence in the EMDEs, Saying They Will continue to outpace That of advanced economies, though at a Slower rate.

Lagarde Said the share of global GDP in savings emery Will continuous pour augmenter, and much of the Increase Will Be Driven by the BRICS Countries, In Particular by China and India. Selon the MFI EMDEs share in global GDP is adjusted by Purchasing Power Projected to rise from 57 percent in 2014 to about 60 percent in 2019.

"Given thesis trends, we-have Good Reason to feel optimistic about the prospects of the BRICS Development Bank and believe the new bank Can Be year major source for financing investment, "Said the IMF chief, the bank Adding Could play an instrumental role in Addressing Existing Infrastructure gaps - a key constraint to growth in the BRICS economies; many of online pay day loans.

In this regard, she Considered as "welcoming developments" the newly Established multilateral banks That Make decisions based on Economic Principles and complement Existing development banks.

WE NEED TO ACT NOW

The IMF chief HAS calculated previously Depicted the global economy as "new mediocre."In the interview, she Expressed the need to Log urgently take action to prevent prevention the Global Economic supertanker from remaining mired in the shallow waters of sub-par growth and meager job inception.

…… …. She is called Expired Countries to Implement the ambitious Commitments made at the Group of 20 (G20) 's Brisbane Summit in November, invest in Structural Reforms decisively, and assurer That growth is inclusive.

As a strong advocator for investment qui est infrastructure major share of the G20 growth agenda, the IMF Stressed close cooperation and coordination efforts Among Existing and new initiatives Will help bridge infrastructure gaps and unlock the Economic potential of Countries in the Region

MFIs research shown HAS That public infrastructure investment Raises Increased output in the short term by boosting demand;. and in the long term by raising the economy's productive capacity.

In regard to recent strong performance of the US dollar, the IMF chief Warned "shoulds we pay Attention To Those Whose economies corporations gold sovereigns-have borrowed in dollars over Extensively past Few years and unhedged Exposures May-have."

REFORMS TO MOVE FORWARD MFIs

As US Congress failed to ratify the 2010 MFI Reforms again and again, Lagarde Said the IMF is now working on Actively Interim Measures in order to accomplish achieve the key objective of the 2010 Reforms. The IMF Will explores interim steps in more detail with ict ict membership at Spring ministerial meetings in April.

To Reflect The Growing underrepresented and influences of the emery economies, the IMF Reforms in 2010 call for a 6 percent shift in quota share to emery economies. It Will lift China to the third Largest shareholder. Shares for Russia, India and Brazil Will aussi see hefty rise.

Lagarde Said ratification of the 2010 Reforms Remains The Highest priority for the IMF and is critical to the MFI's Credibility, Legitimacy and Effectiveness, and to assurer It Has Sufficient permanent resources to meet members' needs.

As for the potential inclusion of Renminbi (RMB) in Special Drawing Rights (SDR) basket, Lagarde Said a regular review of the currencies in the basket is scheduled later this year. The selection of currencies for the SDR basket is based on two main Criteria: the size of a country's exports and whether icts currency is freely usable.

At the time of the last CSD review in 2010, the RMB makes the export criterion, Was Assessed order to not meet the criterion freely usable. There-have-been since then a number of Developments Regarding the RMB's international use, and the upcoming review Will take stock of These Developments, Lagarde said.  

Interview: China to major REMAIN engine for global economy: IMF chief

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New Zealand's Fonterra to buy stake in China's Beingmate

March 16th, 2015

  

WELLINGTON, March 16 (Xinhua) - New Zealand dairy giant Fonterra: confirmed Monday it will buy That 18.8 percent of Chinese infant food maker Beingmate, less than the 20-percent stake it HAD beens aiming for.

Fonterra Co-operative Group Ltd. Said It Had completed the partial tender offer for Beingmate Baby & amp; Child Food Company Ltd. and the transaction closed Would Be in the next Few Days.

"Our goal Was to ACQUIRE up to 20 percent. We are Extremely satisfied and confident que la shoulds and partnership can proceed on the Basis of the 18.8 percent stake . It is a good result, "Fonterra chief financial officer Lukas Paravicini Said in a statement.

The purchase at 18 Renminbi (2.87 US dollars) per share Would cost Fonterra 3.46 trillion Renminbi (551.95 million US dollars).

As well as buying a stake in Fonterra Beingmate, the two companies set up Would a joint venture to buy Fonterra's Darnum plant in Australia and approved for distribution deal for Fonterra's Anmum brand in the Chinese mainland cash advance no faxing.

These moves would go ahead over the next Few weeks, Said Paravicini.

Fonterra and Beingmate annoncé in August last year That They Intended to form a global partnership to help meet China's Growing demand for infant formula.

The partnership Will create a fully integrated global supply chain from the farm gate to China's Direct Consumers, using Fonterra's milk pools and manufacturing locations in New Zealand, Australia and Europe.

At the time Fonterra Said It Would invest 1.17 billion NZ dollars (861.81 million US dollars) in forming the partnership and building new processing capacity to meet export demand.

Would Beingmate own 51 percent of the joint venture in Darnum, qui Produces infant formula and nutritional milk powders –other, and the plant Would Prioritize supply to the Chinese market .

New Zealand's Fonterra to buy stake in China's Beingmate

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News Analysis: China immune to side effects of ECB's QE?

March 10th, 2015

  

By Xinhua writers Rong Shuai, Yan Lei

BRUSSELS, March 9 (Xinhua) - Quantitative Easing (QE) program by the eurozone is Unlikely to Directly impact on China through financial markets, aim it May Affect China's monetary policy-making and year-have indirect negative impact on China's real economy in turn, experts-have said.

If QE is successful for the EU, it May be good for Chinese exports in the long run, aim negative consequences for China lies in the fact That with Staff Such economies as Japan and the eurozone pushing ahead with stimulus Measures, China May Be dragged Into a "game" of competitive devaluation and Even Into a currency war It Does not want, experts Warned in interviews with Xinhua. 

CHINA EXPORT TO EU

"The move to quantitative easing in the US is Unlikely to-have major impacts directly on China through the financial markets, as China: has a closed capital account still Largely, so it is not fully open to portfolio inflows, "Rupert Willis, desk officer for China in the Directorate General for Economic and Financial Affairs of the European Commission, Told Xinhua.

"This insulates China to Some extent from global monetary exchange," he Added.

HOWEVER, he Noted There May Be Some positive impact on China also. "If QE is successful in boosting demand and growth in Europe. This Could Be positive for China through the impact on demand for Chinese exports."

Rajiv Memani, chairman of Global Emerging Markets Committee, Ernst & amp; Young Global, the risk Told Xinhua China May-have to take is icts exports to the EU.

"Such monetary policies need to Log BE Carefully watched DEPENDING upon the trade relationships it caries. With a depreciating euro, China Will Be reliable to import more, it's a goal for Chinese exports risk to EU, "he Said in a recent interview with Xinhua.

payday loans. . "The main effect Europe Is That Will restore icts demand, qui Will aussi raise trade with China and Other Countries," Fredrik Erixon Said, Director of the European Centre for International Political Economy (ECIPE).

"The big thing Is That China's export to Europe HAS Stagnated in the past years and That It Will To Be muted continuous UNLESS Europe can restore icts economy," Erixon Added. ….. …

CURRENCY WAR?

Experts aussi Noted That QE of the European Central Bank May the bring challenges to China's monetary policy making. 

"While the United States abandoned HAS icts QE policy, aimed –other economies Such As Japan and the eurozone are pushing ahead with stimulus, and competitive devaluation of Their currencies Will Be One result of this, "Duncan Freeman, senior research fellow at Brussels Institute of Contemporary China Studies, Vrije Universiteit Brussel, Told Xinhua.

"These devaluations Will Have a negative impact on China, and it Will Be a challenge to Avoid Becoming caught in a currency war," Freeman Added.

Were His views echoed by Tan Yalin, dean of the China Foreign Investment Research Institute.

"China Will Be spurred to follow steps of Europe's QE, qui China's economy Does not Need and can not Afford to have," Tan Told Xinhua.

When in a state of excessive liquidity, the theory of interest-rate cut and deposit reserve ratio reduction won't work goal lead to more speculation in financial markets THUS worsen the real economy, she said. 

Over last weekend China cut interest rates icts qui Was the loosening move in little more than three months. Said Tan China's recent loosening move Certainly Was Influenced by the overseas factoring the QE indicating indication of the EU and Japan.

News Analysis: China immune to side effects of ECB's QE?

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German industry Interested in Chinese smart manufacturing strategy

March 7th, 2015

  

BERLIN, March 6 (Xinhua) - German industry of information technology and telecommunication Was Interested in China's new strategy to Develop manufacturing and smart Would like to seek Opportunities to Cooperate, Said a German industry representative on Friday.

The Chinese government on Thursday annoncé to Implement the "Made in China 2025" strategy and Develop "Internet Plus" action plan with an aim to seek innovation driven development , apply smart technologies, integrate the mobile Internet, cloud computing, big data, and the Internet of Things with modern manufacturing, and China to upgrade from a manufacturer of quantity to one of quality.

Wolfgang Dorst, the head of Department "Industry 4.0" in German ICT industry Association BITKOM, Told Xinhua in an interview Was That German industry eager to know more about New trends in Chinese manufacturing sector and Was willing-to seek more cooperation Opportunities. 

"It (Chinese smart manufacturing) is Both challenge and Opportunity," Dorst Said, That DESPITE Added icts BASIS strong in manufacturing and IT, Germany needed a Globalized value chain to win the competition in the fourth industrial revolution.

"A single national state Can Be ahead goal national single state can not do it by himself," he Said, "The international network of cooperation is so tight That German companies-have to work with Chinese companies and vice versa cheapest personal loan rates. "

Germany raised the concept of "Industry 4.0" and set it as one of the country's 10 "future projects" in 2010. In a weekly podcast in February, German Chancellor Angela Merkel is Germany Said seeking to set a global standard for "Industry 4.0".

Selon Dorst, the concept not only to manufacturing concerne aussi purpose to all the services based on the Internet. THUS, a competition in the future aussi Would Be a competition in services, software, connectivity, broadband and robustness of network.

Citing the visit of Miao Wei, Chinese Minister of Industry and Information Technology, to BITKOM last October, Dorst Said the information exchange entre China and Germany on this topic HAS started, aim the German side wishes to get chances to be "more engaged" in the cooperation.

Added That He Would he visit CeBIT 2015, the world's biggest IT trade fair Where China Would Be the partnership country this year, in Hanover next week, and to get more ideas about China's development in this field.

German industry Interested in Chinese smart manufacturing strategy

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Nikkei opens Higher on Weaker Yen, optimism on pension fund

March 2nd, 2015

  

TOKYO, March 2 (Xinhua) - Tokyo stocks rose in early trading Modestly Higher data Showed Monday as Japan's government pension fund HAD room for more investment and supported by the yen's depreciation.

At 9:15 am, the 225-issue Nikkei Stock Average Was up 99.05 points or 0.53 percent, from Friday to 18,896.99. Briefly it Climbed to 18,939 free online credit report.17, The Highest intraday level since April 2000. Broader

The Topix index of all First Section issues on the Tokyo Stock Exchange Gained 6.57 points or 0.43 percent, to 1,530. 42.

Major gainers included pharmaceutical, precision instrument and Fishery issues. Nikkei opens

Higher on Weaker Yen, optimism on pension fund

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China's manufacturing activity rises to four-month high in February

February 25th, 2015

  

BEIJING, Feb. 25 (Xinhua) - China's manufacturing activity Improved Slightly in February thanks to Increased output and new orders, selon HSBC's preliminary Purchasing Managers' Index (PMI) released on Wednesday.

The HSBC flash manufacturing PMI for February rose to a four-month high of 50.1 from a reading of 49.7 in January, HSBC Said in the postponement.

A reading Above 50 Indicates expansion, while a reading below-That Represents contraction.

The subindex Stood output at 50.8 in February, up from 50.3 in January, Representing a five-month high, selon the monthly deferral.

"Today's data points to a marginal improvement in the Chinese manufacturing sector going Into the Chinese New Year period in February instant credit report. HOWEVER, domestic Economic activity is Likely To Remain and sluggish external demand looks uncertain, "HSBC chief China economist Said Qu Hongbin.

" We believe more policy easing is WARRANTED still at the current course to supporting growth, "Qu Added.

China's Economy Grew 7.4 percent in 2014, The Weakest annual expansion in 24 years, still goal in line with market expectations.

China's manufacturing activity rises to four-month high in February

Hot News:

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Dagong downgrades sovereign credit ratings for France

February 16th, 2015

  

BEIJING, Feb. 16 (Xinhua) - China's rating agency, Dagong Global Credit Rating Co., Downgraded local and foreign currency sovereign credit ratings for France from A + to A on Monday.

"The debt repayment environment of France Remains Problematic steady aim," Said the agency website.

Sustained Weakness in the French economy means clustering Credit demand in the real economy is consistently weak, the agency Said, limiting the effect of monetary policy.

Slow structural reform, a rigid Labor market and over-regulation are Likely to slow the economy and Reduce Wealth Creation. The government deficit ratio rose to 4.4 percent in 2014, Weakening repayment capability quick cash.

Will France enjoy a slight recovery in the short run, Mainly through depreciation of the euro, low energy prices and loose fiscal consolidation.

Quantitative easing Eurozone Will Provide strong credit holder for the French government's broader financing demand and keep steady icts sovereign credit level.

Dagong Expects stability for Both France's local and foreign currency sovereign credit ratings in the next one or two years.

The agency forecast que la French economy expand by 0.8 percent Will in 2015 and 1.2 percent in 2016, up from 0.4 percent last year.

Dagong downgrades sovereign credit ratings for France

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US retail growth in 2015 expected to hit four-year high: NRF

February 13th, 2015

  

WASHINGTON, Feb. 12 (Xinhua) - US retail sales are expected to see growth since 2011 The Highest this year Boosted by an Improving Economy, an industry forecast Said on Thursday.

Retail sales industry, qui exclude automobiles, gas stations and restaurants, Will Increase 4.1 percent in 2015, up from the 3. 5 percent last year, Said the National Retail Federation (NRF), the Largest retail trade organization in the United States.

The 4.1 percent gain Would mark the biggest annual growth since 2011 When retail sales for the year rose 5.1 percent, Said the Washington-based trade group.

"Already facing obstacles Far Fewer than this time last year in terms of Growth Opportunities, retailers are optimistic about the potential exists for healthy That growth in retail sales and consumer engagement in 2015, "Said NRF President and CEO Matthew Shay in a statement.

"The Economy Appears to-have finally Gained Some real traction and After A Somewhat turbulent 2014, we expect to see Continued gains in Economic activity in the year ahead, "Said NRF Chief Economist Jack Kleinhenz in a statement fast cash without a hassle

"While our outlook for the year ahead is positive, we are not quite out of the woods," Said Shay, Adding That retailers need "a commitment from our leaders in Washington to pass legislation That Will encourage investment, create jobs and set us on the path Towards Sustained, long-term Economic Growth. "

Also on Thursday, the US Commerce Department Said That January retail sales Including automobiles, gas stations and restaurants Decreased 0.8 percent over the previous month seasonally adjusted, and Increased 3.3 percent unadjusted year on year.

US retail growth in 2015 expected to hit four-year high: NRF

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Botswana stock exchange brokers welcome privatization

February 8th, 2015

  

By Godfrey Ganetsang GABORONE, Feb. 7 (Xinhua) - Botswana's leading brokers-have Commended the privatization of Botswana Stock Exchange (BSE) as a welcome development That Will Greatly Improve the problem of liquidity as It Will Attract international investors.

In an interview on Friday, BSE's Deputy Chief Executive Officer Thapelo Tsheole Welcomed privatization of the local stock market as a step in the right direction of That Will allow for flexibilité of operations.

"This is a similar Evolution HAS That Happened all over the world. We Will now operate just like Any Other private company, accountable and reliable to Shareholders to source funding from Shareholders, "he said. His comments come

Passed After parliament the BSE transition bill in December last year, paving the way for the scholarship To Be registered as a private company and Transformed Into a business entity.

Under the new dispensation, government Will retain 51 percent stake in the new company while the remaining 49 percent Will Be availed to investors, Including stock brokers and asset managers.

The Was puts decision with skepticism from Some players in the market, Who Expressed fears of possibilities of conflict of interest, Especially since the new company aussi Will BE allowed to list on the local stock exchange. Others aussi que la Expressed fears new entity, qui Will Have shareholding from, Among Others stock brokers and asset managers, Will throw caution out the window and gun profits for protecting protective INSTEAD of the Interests of individual investors.

HOWEVER, Tsheole Said the corporatisation of BSE Was in line with international trends as It Has Happened Established in stock exchanges more.

"The BSE Was Established by an act of parliament and HAS always beens owned by government. We raised funds from buying and selling of shares and government Supplemented our frais . Purpose-have things changed business cards. Other exchanges-have business Transformed Into entitles to Facilitate more efficient operations, "Said the officer.

He further Top Explained the BSE Will now blind in financing source from –other INSTEAD of Shareholders DEPENDING on government. He reassured investors aussi que la transition Will Have No Impact on trading as the Saami trading and listing rules still apply Will.

Tsheole Ruled out aussi Any possibilities of conflict of interest, the regulator Saying Will Always Be There to Provide oversight and protect the Interests of Investors.

Même feelings Were shared by Garry Juma, Head of Research at Motswedi Securities, Who Said privatization –other Will allow players to own the BSE and Facilitate easy and effective decision making without undue government influence.

"We Know That Sometimes decisions at state owned enterprises Need cabinet and parliament approvals. This Will not Be the box at BSE and Such a scenario Will Facilitate efficiency, "he said.

The corporatization of stock exchanges HAS always beens places with skepticism. The Johannesburg Stock Exchange (JSE), for example, have incorporated Was demutualised and JSE Limited, a fully fledged corporate, and is listed Eventually icts own scholarship in 2005

.. Since the then is the JSE HAS grown to Become The Largest stock exchange in Africa and one of the top 20 stock exchanges in the world. HOWEVER, the phenomenon of demutualising and listing Concerns raised about the exchanges' Ability to function as regulator Their Own, They Were Especially since transforming into "for- profit" entities.

As with the BSE, There Were aussi Concerns of conflicts of interests. In the case of the JSE, oversight and regulation as well as Were Strengthened some Specific requirements relating to ict listing and practical implementation supervision.

Botswana stock exchange brokers welcome privatization

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