Posts tagged China News

BRIC Plans to Fix Monetary System by altering USD Role

on June 16, 2009 by admin in Business, China Business News, Global Economy, Russia News, Trade News, Comments Off

The first BRIC (Brazil, Russia, India and China) Summit is underway in Russia which has been conducted parallel to the Shanghai Cooperation Organization (SCO) to address the issues of global financial system. The coincidence of the summits reasserts the fact… Continue reading

During China Visit the Brazilian Prez Reiterates the Need to Depart from USD

on May 21, 2009 by admin in Bilateral Trade, Business, Economy, Global Economy, Comments Off

President of Brazil, Luiz Inacio Lula da Silva in his visit to China reiterated that both countries should work towards integrating respective currencies in their bilateral trade and thereby reduce transaction costs by eliminating the charges on currency exchange. Even… Continue reading

Rising Sandalwood Demand in China Triggers Illegal Trade

on May 20, 2009 by admin in Business, India News, Malaysia News, Nepal News, Sandalwood News, Trade News, World Business, World Business News, Comments Off

Lately, Malaysia and Indo-Nepal border have become illegal trade corridors for Indian sandalwood owing to increased demand from China. Director General of Malaysian Timber Industry Board, Dr Jalaluddin Harun said that seven shipments of sandalwood worth close to $6mn had… Continue reading