Tag Archives: Business/Finance

01Apr/15

U.S. still cold on China-led infrastructure bank

(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.

A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
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31Mar/15

Europe, U.S. division over China-led bank

(BVO) – A new clash between the U.S. and China in the bid for influence in fast growing Asia.

Beijing has taken the lead in jump-starting a new government-funded infrastructure bank – the AIIB – recently gaining the support of traditional U.S. ally Great Britain for the 50-billion dollar project.
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26Mar/15

H&M braces for dollar headwinds

(BVO) – Sales at Sweden’s H&M continue to soar.

The budget fashion retailer beat expectations in the first-quarter delivering pre-tax profits of $551 million dollars.

Sales in local currencies rose 15 percent.

But a strong dollar is causing problems – pushing up costs for the world’s second largest fashion retailer and others.
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26Mar/15

London launches Europe’s first yuan money market fund

China Central Television (CCTV) – The London Stock Exchange on Wednesday launched a yuan-denominated money market fund, allowing investors direct access to the Chinese interbank lending market.
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22Mar/15

Zara-owner has online edge

(BVO) – A Coruña in the north-western corner of Spain, a tourist hotspot and home to Zara’s first store.

Just a short distance away in Arteixo, its parent company Inditex’s HQ.

A family owned business, founded in 1975, it’s now the world’s biggest fashion retailer.
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16Mar/15

Germany’s Merkel, Chinese vice premier open world’s largest computer fair

German Chancellor Angela Merkel and Chinese Vice Premier Ma Kai open the annual international computer fair CeBIT in Hannover, the largest high-tech trade expo in the world, where China is this year’s partner country.

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