China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters.
The global economic slowdown is a concern but sports revenues worldwide should grow by about 3.7 percent to $145.3 billion by 2015, according to a research report released on Friday.
China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters.
Ivanhoe Mines Ltd said it expects a ruling on an arbitration dispute with Rio Tinto, its largest shareholder, to be delivered within a couple of weeks.
The euro rose in early Friday trading after a report indicated China plans to create an investment fund to deal with the eurozone debt crisis.
Britain's luxury jewellers are opening outlets in China, where demand for jewellery is set to grow while appetite wanes in western markets.
China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters.
China's industrial output growth dropped in November to its slowest pace in more than two years and inflation tumbled as economic conditions deteriorated, raising expectations that Beijing will pursue a more pro-growth policy to support jobs.
Stock index futures pointed to a slightly higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.4 percent.
Top Chinese leaders will likely resist pressure to declare an outright easing in monetary policy when they meet next week to decide economic priorities for 2012, the last full year of President Hu Jintao's tenure ahead of a critical leadership succession.
Luxury fashion house, Mulberry has posted a 44 percent increase in its first-half sales owing to the rapid growth of its Asian market.
China's industrial output growth hit its slowest pace in more than two years in November and inflation tumbled as economic conditions deteriorated, raising expectations Beijing will ease monetary policy again.
Asian stocks plunged Friday, following overnight declines on Wall Street, after the European Central Bank gave no indication of more government bond buying.
Improved transparency is Europe's quickest route to debt resolution and China's best defense against external economic shocks, former U.S. Treasury Secretary Hank Paulson says.
UPA government led by Prime Minister Manmohan Singh seems to be in trouble after failing to implement its retail reform.
MIPS Technologies Inc. has announced NOVO7, the world's first tablet with the Ice Cream Sandwich version of Android.
Asian shares, commodities and the euro fell Friday on growing doubts that European leaders could forge a credible plan to solve the euro zone's debt crisis at a summit later in the day.
Support grew on Thursday for an EU plan to agree a global climate change pact with binding targets by 2015, after poor nations vulnerable to climate change forged alliances with developed countries.
McDonald's Corp (MCD.N) reported a bigger-than-expected rise in November sales at established restaurants across the board, led by big gains in Japan, China and a strong showing in its top revenue market of Europe.
Iran state television showed the first video footage of the RQ-170 Sentinel that supposedly belongs to the United States and was brought down ealier this week.
The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week, suggesting the labor market's recovery was gaining momentum.
In an IDC report on 'Top 10 system software prediction for 2012', the potential success of Windows 8 was given a poor evaluation by the global market research company.
