China’s trade surplus to triple to $100b Beijing, October 7:China predicts its trade surplus could triple to $100 billion this year, leading to new disputes with trading partners and added pressure to let its currency appreciate, state media reported.Separately, governor Zhou Xiaochuan said... 07 Oct, 2005
BIZ BRIEFS Thailand exports riseBANGKOK: Thailand’s balance of trade swung to a surplus of around $9.8 million in August on record-high exports, according to preliminary customs data. The August exports value was the highest in Thailand’s history. It is the... 19 Sep, 2005
Economic risks - How America rides the storms September 11 reduced the twin towers of the World Trade Centre to rubble and the US was in shock. Rightly, there were fears for the health not just of the US economy but also that of the rest of the world. The terrorists had chosen their moment and... 15 Sep, 2005
IN OTHER WORDS: Fixing the UN The report on the UN Oil for Food programme in Iraq issued by the independent committee headed by former Federal Reserve chairman Paul Volcker should not be viewed simply as a negative verdict on the leadership of UN Secretary General. The report’s... 15 Sep, 2005
BIZ BRIEFS SEBO approves IPO KATHMANDU:Securities Board (SEBO) Nepal has approved the initial public offering (IPO) of Prudential Finance Company Ltd, worth Rs 24.50 million. It will issue 245,000 units of ordinary shares with a face value of Rs 100 each under... 17 Aug, 2005
BIZ BRIEFS Secret behind yuanSHANGHAI: China disclosed for the first time composition of the basket of currencies used to set the yuan’s value, saying it mainly includes the US dollar, euro, yen and Korean won. The currencies of Singapore, Britain, Malaysia,... 10 Aug, 2005
BIZ BRIEFS US interest rate hikedWASHINGTON: The Federal Reserve, keeping a watchful eye on the impact of surging oil prices, raised a key interest rate by another quarter-point. The action pushed the federal funds rate up to 3.25 per cent. It marked the ninth... 01 Jul, 2005
TOPICS : China planning currency moves Antoaneta Bezlova Despite repeated calls by the US and other western powers for an upward revaluation of the Chinese currency, the yuan, Beijing has refused to budge on its stance that the currency is a matter of national sovereignty — meaning that... 28 Jun, 2005
BIZ BRIEFS Ropeway operationalDHADING: A 1200-metres long ropeway has been set up at Benighat-8, Bishaltar of Dhading district. The locals and ITD, a local NGO, has brought the ropeway under operation jointly. — RSSUS economy on trackWASHINGTON: The US economy... 16 Jun, 2005
BIZ BRIEFS Currency diplomacyWASHINGTON: Two years of quiet diplomacy by the Bush administration did not persuade China to change its currency system. So the US now is turning up the volume, even enlisting the help of financial heavyweights such as Federal... 09 May, 2005
BIZ BRIEFS Jobless rate rises in BritainLONDON: Britain’s unemployment rate has risen unexpectedly, figures released on Wednesday showed, providing a setback to British premier Tony Blair’s attempts to put low unemployment and economic growth at the heart of... 13 Apr, 2005
BIZ BRIEFS Mobile service to expandSURKHET: Mobile phone service is to be extended to Surkhet, the mid-western regional headquarters, from the beginning of the next fiscal year. Nepal Telecom (NT), New Services Directorate, Lalitpur has already carried out survey... 24 Mar, 2005
