Foreign Trade News
-
Vietnam plans to force the sale of non-performing loans to a soon-to-be established asset management company and clear up nearly $5 billion of bad debt, as the government steps up its banking overhaul efforts.
-
China’s commerce ministry signaled concern that weakness in the yen is limiting Japanese demand for exports just as a stronger yuan weighs on Chinese manufacturers’ global sales.
-
Gold imports by India, the world’s biggest consumer, may soar this quarter as a plunge in prices spurs demand for jewelry, coins and bars during the country’s biggest bullion festival, a jewelers’ group said.
-
China’s two biggest banks said they’re complying with international efforts to isolate North Korean financial institutions that support the country’s ballistic missile and nuclear weapons programs.
-
Bank of China Ltd. closed the account of a North Korean lender accused by the U.S. of facilitating transactions linked to weapons of mass destruction.
-
Czech March industrial output dropped more than economists forecast as car production declined, a sign the longest recession on record is stretching into 2013.
-
The debate over the yuan’s exchange rate should focus on the mechanism by which the currency’s level is set, not its actual valuation, China’s official Xinhua News Agency wrote in an unsigned commentary yesterday.
-
Palm oil snapped a four-day rally on speculation that shipments from Malaysia may drop after Indonesia, the world’s largest producer, cut export taxes.
-
German exports will barely grow this year amid stronger competition from the U.S. and China, the BGA exporters’ lobby said.
-
The Czech economy doesn’t face deflation risks that would warrant further easing of monetary conditions by foreign-exchange interventions to weaken the koruna, central bank board member Pavel Rezabek said.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page