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  • Move Over Japanese Yen Make Way For Chinas Yuan

    By 2015 the Chinese currency, the renminbi (RMB), will be one of the three most traded currencies in the world, on par with the euro and the dollar, HSBC said on Friday. "The RMB is increasingly part of normal day-to-day business for anyone trading or investing in China," said Douglas Flint, chairman of HSBC Holdings at the Annual General Meeting in London yesterday. "Every ...

  • Reforms enhance pensions role in emerging markets

    Central and Eastern Europe (CEE) and Asia have undertaken far more extensive and fundamental pension reforms than those in Western industrialised countries, according to a new report from Allianz Global Investors ...

  • Emerging markets are ‘a victim of their own success’ - EXCLUSIVE

    Emerging markets have suffered from ';indiscriminate selling';, as a result of a reduction in investor appetite for risk and are ';a victim of their own success'; according to Nomura. The global investment management firm says that emerging market asset allocations have been sold off aggressively in recent months ';as a result of investors in developed nations ...

  • SA to represent Africa at emerging markets

    The recent invitation to South Africa to join the BRIC group of emerging economies comprising Brazil, Russia, India and China is to "offer opportunities for Africa to strengthen ties with the ...

  • China allocates 27 bln yuan from land sales for water conservation

    BEIJING, April 14 (Xinhua) -- China used 27 billion yuan (4.29 billion U.S. dollars) from land sales to build farmland water conservation projects in 2011, the Ministry of Water Resources said Saturday.Local authorities must set aside 10 percent of their revenues accrued from land sales for farmland water conservation projects, according to the central government's No. 1 document issued at ...


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Movie Review

Donnie Darko [DVD]

Donnie Darko [DVD]

The titular character of 26-year-old Richard Kelly's feature debut Donnie Darko is a fascinating enigmaa troubled suburban teen with dark eyes and a morbid sense of humor who may or may not be schizophrenic. Haunted by strange visions of a six-foot rabbit with a twisted metallic face and obsessed with questions about time travel and the ability to see one's future, Donnie (Jake Gyllenhaal) ... ...

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  • Chinas yuan hits record high of 6.4470 against USD Tuesday

    The Chinese currency Renminbi, or the yuan, gained 33 basis points to 6.4470 per U.S. dollar on Tuesday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day. The central parity ...

  • China stocks plunge on US debt train crash

    Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...

  • Chinas bank card transactions exceed 100t yuan

    BEIJING - China's bank card transactions in the first quarter totaled 100.27 trillion yuan ($16.21 trillion), up 19.34 percent from the same period last year, the country's central bank said on Friday. A total of 10.63 billion transactions were made during the January-March period and the value for the first time exceeded 100 trillion yuan in one quarter, the ...

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