Search Results for: hong Kong

BY MARK GODFREY

IT is a sign of how hungry China has become for uranium that even private firms here are being allowed hunt for overseas uranium assets. New to the uranium market, Sichuan-based conglomerate Hanlong Energy joined a string of state-run procuring companies late last year when it invested US dollars USD5 million in Australia’s Marenica to dig for uranium in Namibia.…

BY LEE ADENDORFF

For some it was a total disaster, for others a bump in the road, but the recession left no part of the clothing and textile retail sector unscathed. World Trade Organisation (WTO) statistics from 2009 show that while globally important manufacturing jurisdictions such as China and the European Union (EU) suffered 11% and 15% drops respectively in clothing exports, countries such as India, Vietnam and Bangladesh lost just a couple of percentage points and in India’s case, exports remained stable.…

BY MARK GODFREY

CHINA may soon add its own voice to a global accounting scene dominated by the big four, Chen Yugui, head of the Chinese Institute of Certified Public Accountants (CICPA) has told Accountancy Age. In an exclusive interview in Beijing, he explained: "Internationally and nationally we don’t think it’s a good phenomenon that the big four take a dominant position, as it will harm the sustainability of the profession."…

BY KEITH NUTHALL

CARBON emissions reductions in China petrochemical production will be funded by the first Chinese Yuan Renminbi CNY-denominated bond launched in Hong Kong by the World Bank’s International Finance Corporation. The bond raised CNY150 million (US dollars USD23 million) helping expand of Beijing Shenwu Thermal Energy Technology Company, which makes furnaces lowering energy use and emissions for petrochemical producers.…

BY WANG FANGQING

CHINA: Shanghai reaches out to the Ivy League

Wang Fangqing

Full report on the University World News site

CHINA: Shanghai reaches out to the Ivy League

Wang Fangqing

China’s largest city Shanghai has been successfully pushing for western universities to establish branches serving Chinese as well as foreign students.…

BY MARTINA MARECKOVA

*Last year, the total volume of tax free shopping in Prague by Russians increased by 22% year-on-year.

*However their average spending dropped from Czech Crowns CZK6,951 (US dollars USD400) in 2009 to CZK6,581 (USD378) last year.

*Prague luxury clothing retailers says a couple from former Soviet Union may often spend CZK300,000 (USD17,267) each on a mink fur coat.…

BY ANDY HOLDER

THE INTERNATIONAL gold market may be relatively small, but the metal’s rapid rise in price in the past 18 months to over US dollars USD1,400/oz(up from USD900) has given fraudsters the opportunity they need to tempt investors with some pretty audacious offers to join the ‘gold bug’ club.…

BY WANG FANGQING

China’s Bright Food (Group)will restructure its sugar business and accelerate global acquisitions, notably in the dairy sector, in 2011, the company has confirmed to just-food. A spokesman said: "Globally, we are interested in resource-based enterprises whose businesses are in line with our strategy."…

BY MARK GODFREY

IN 2011, foreign brands seem set to extend their dominance of the cosmetics and hair products market in China, one of the few sectors of the economy controlled by multinationals. Procter & Gamble (P&G), Unilever and L’Oréal dominate sales revenues here, and to extend their dominance global brands continue to acquire local brands.…

BY ANDY HOLDER

FRAUDSTERS have been using base metals to exploit unwary gold investors with counterfeits and scams, the director of the International Chamber of Commerce’s (ICC) Counterfeiting Intelligence Bureau (CIB) has claimed. Peter Lowe said reports of gold fraud had been rising as investors losing money on shares and currency trades turn to gold as a safe haven.…