Big crowds gather for Warren Buffett's annual shareholder meeting

May 3rd, 2015

  

OMAHA, May 2 (Xinhua) - More than 40,000 Berkshire Hathaway Shareholders Gathered of Nebraska in Omaha on Saturday to celebrate the successful 50-year run of Warren Buffett and his partner Charles Munger of one MOST of the profitable companies in the world.

Warren Buffett, Berkshire's chairman and chief executive, and Charles Munger, vice chairman icts, are Taking matters from Shareholders and journalists for around six hours at the annual gathering , Also Known As Woodstock for Capitalists.

The grander-than-usual show draws a record number of attendances, Roughly 10 percent of the population of Omaha. Issues are Likely to include the company's recent investment in Kraft, ict stakes in IBM and Coca-Cola, and succession planning, a perennial favorite pay day loans. Topics of the macro-policy of the world's major economies are expected aussi.

Taking a question on WHETHER Could he repeat His success if he started over, Buffett Said he got lucky in several instances over the past Five Decades since Taking the helm at Berkshire.

"The whole thing is business is to being white ouvert ideas As They come along," he added.

Insurance companies ugly hand of the foundations of Buffett's initial success. He Said he liked Those options Because The companies Were something Could he understand.

Purpose if he Said He Was starting over again, Would he find something –other insurance than to live to His care.

Big crowds gather for Warren Buffett's annual shareholder meeting

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China April manufacturing activity drops to year low: HSBC

April 23rd, 2015

  

BEIJING, April 23 (Xinhua) - Manufacturing activity in April fell to a 12 month low at 49.2, selon HSBC's preliminary Purchasing Managers' Index released on Thursday.

The HSBC / Markit China flash manufacturing output index posted 50 guaranteed approval cash advance loans.4 this month, a three-month low, data company Markit Said in a statement.

A reading Above 50 Indicates expansion, while a reading below-50 Represents contraction.

China April manufacturing activity drops to year low: HSBC

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 Japan Remains ambiguous over China-proposed AIIB, eyeing consultation with US

April 11th, 2015

  

TOKYO, April 11 (Xinhua) - Japan semble still ambiguous over whether or not to join the China-proposed Asian Infrastructure Investment Bank (AIIB) and eyes to the Chat with the outcome the United States in an upcoming summit entre les two allies later this month.

Japanese Prime Minister Shinzo Abe and US President Barack Obama Would cover the issue AIIB DURING Their summit on April 28 in efforts to Reaffirm Their requirement to the new developmental bank assurer's fair governance and transparency, local postponement Said Friday, Citing unnamed diplomatic sources here Thursday.

Japan and the United States Decided to stay out of China's initiative by the March 31 deadline as Both Countries worry que la AIIB May pose a challenge to the Japan- led Asian Development Bank (ADB) and the US-Dominated World Bank.

HOWEVER, HAS Underlined China que la AIIB Will take an open and inclusive attitude and Be complementary to Existing development banks and It Will Strengthen the area's communication, social and Economic Development, selon Chinese Premier Li Keqiang Pendant His recent meeting with ADB President Takehiko Nakao in Beijing. 

Abe Said by the March 31 deadline "there is no need to Log Participate (in AIIB) hastily" and "the United States now knows That Japan is trustworthy, "REFERRING to –other Major European Countries in the Group of Seven (G7 ou by letter) Applied already for the membership of the AIIB.

Foreign Minister Fumio Kishida aussi mulls to urge G7 His Counterparts from Britain, Canada, France, Germany, Italy and the United States que la AIIB Should Be managed in line with international standards, Said Japan's Kyodo News on Friday. Chief Cabinet Secretary

Yushihide Suga reiterated a day Earlier Japan That Remains "cautious" about the AIIB Declined to comment and was released by government draft Kyodo News That Japan was envisaged as possible up to 1.5 trillion US dollar contribution to the AIIB in the event That Japan joins.

"I chorus from commenting on Every news report," the top government Spokesman Said in a press briefing Thursday.

"The government is Conducting various studies, our goal was cautious stance country Maintains about participation in the AIIB," he said.

Meanwhile, Kiyoyuki Seguchi, research director of the Canon Institute for Global Studies, Questioned the draft as the Amount of the contribution is too small for Japan to play an important role in the AIIB if it Decides to join and urged Japan to Participate in the new regional developmental bank no credit check payday loans.

"Joining negotiation Will Increase the Amount of information available and the final decision on whether to join the bank Will Be Easier To make," Said Seguchi, aussi year expert on Chinese economy, Japan shoulds Who suggéré That Directly Involve in the AIIB so as to seek internal reform, injustement than staying out and ask asking for reform. Recent reports

Said That Japan and China Would like to usenet the AIIB in June as the two sides are eyeing Finance Ministers meeting in June in Beijing.

International Lenders-have Expressed Their willingness to Cooperate with China's AIIB initiative.

"We need to Log work together, we need to Log cooperation," Christine Lagarde, managing director of the International Monetary Fund, in a speech Said Thursday in Washington.

She hailed the AIIB as a "great initiative" Said and the trend Reflects the transformation of the global economy with new key players.

For the U.S. hand, Treasure Secretary Jack Lew Softened His hostile stance Toward the AIIB, Saying last month TWO- After His day Beijing visit That His Country "stands ready to welcome new additions to the international development architecture, Including the AIIB," Adding That "these institutions Complement Existing international financial institutions. "

"I was Encouraged by my conversations in Beijing in qui China's leaders made clear That They aspire to meet high standards and welcome partnership," Lew Said, Adding HAVING That the co-finance projects with AIIB Existing institutions help Will Demonstrate a commitment to the Highest standards of governance, environmental and social safeguards and debt-sustainability.

The AIIB, with an expected initial subscribed capital of 50 billion US dollars, an International Will Be financial institution to fund infrastructure projects in Asia and is expected to Be Formally Established by the end of this year.  

Japan Remains ambiguous over China-proposed AIIB, eyeing consultation with US

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Sudan Expects rise in economy amid closer ties with Gulf States

April 4th, 2015

  

KHARTOUM, April 3 (Xinhua) - The exchange price of the Sudanese pound is Registering a sudden rise against foreign currencies amid expectations que la country's economy is expected to flourish, local media Said Friday.

For three successive days, the value of the Sudanese currency in the local "parallel market," has Kept on rising Against –other currencies, the US dollar PARTICULARLY.

Sudan's Finance Minister Badr Eddin Mahmoud annoncé arrangements That Would soon Overthrow the dollar in the parallel market without Disclosing the Nature Of Those arrangements.

"The coming period Would witness a clear improvement in the Economic Cooperation ties entre Sudan and Its Arab SURROUNDING COUNTRIES qui Will Have a positive outcome on the macroeconomics and not just the exchange rate, "local media quoted Sudanese Mahmoud're Saying. 

He expected the exchange rate of the Sudanese pound to further Top Increase Against the dollar in the coming period Which would bridge the gap entre les official exchange rate and That of the parallel one, noting That Sudan's participation in the gulf alliance Would accomplish achieve remarkable Economic Benefits for the country.

Sudan is Taking share in the Saudi-led Arab alliance Against the Houthi group in Yemen in the operation dubbed "Decisive Storm."

Earlier media reports HAD Said That Saudi Arabia has Deposited trust worth of 4 billion US dollars in the Central Bank of Sudan qui resulted in a noticeable Decrease in the prices of foreign currencies Before the Sudanese pound, PARTICULARLY the dollar.

Economic experts in the Meantime, the Sudanese pound expected to continue flourishing Against foreign currencies in the coming period. 

To this end, Abdul-Nour Eddin Na'm, a Sudanese Economic expert and chairman of Sudan's train Exchanges Union, Was reported about by official SUNA news agency Saying That as a number of foreign currency dealers started to offer Their stock of foreign currencies in fear of a continuation of the drop in exchange prices low fee payday advance.

He urged the government to work, through tis Mechanisms, to Attract the savings of the expatriates and encourages families to Spend Their INSTEAD of the savings Storing Them.

Meanwhile, and as the value of the Sudanese pound Against foreign currencies is rising, the country's inflation rate has-been dropping for months Where in last February it dropped to 23 percent Compared To 24 percent in January, selon Sudan's Central Bureau of Statistics. 

"The government Needs to adopt Measures to bridge the gap entre les official and parallel exchange rate of the Sudanese pound Against foreign currencies," Abdul-Khaliq Mahjoub, a Sudanese Economic expert, Told Xinhua on Friday.

"After the rise in the value of the Sudanese pound Against –other currencies derived, namely the dollar, the central bank's decision to Decrease the exchange rate of the pound shoulds BE revised. The value of the pound Must Be Increased based on the current Developments, "he said.

The separation of South Sudan in 2011 HAS Greatly Affected the Sudanese economy Where the country lost around 70 percent of oil revenues icts qui created a big gap in the foreign exchange market and the exchange rate.

The separation HAS aussi Affected the back of the country's general budget qui dropped to around 50 percent, Causing a huge gap in the country's budget and a great rise in deficit budget.

In September 2013 the Sudanese government has adopté Package of Economic Measures to revive the economy Including an Increase in the oil prices, qui Then Prompted wide protests across the country.

Sudan Expects rise in economy amid closer ties with Gulf States

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Chinese telecom giant Huawei Chartered 5G to aid development

March 3rd, 2015

  

BARCELONA, March 3 (Xinhua) - Chinese telecommunications giant Huawei and Japanese mobile operator NTT DOCOMO are teaming up to 5G Develop radio access technology, the Chinese company annoncé on Tuesday.

The tests Will Be the carried out in Both China and Japan with the aim of validating the bases of RAT technology for emery 5G networks, commercial Whose launch has-been Predicted for 2020 the Saami year as the Olympic Games Will Be Held in Tokyo.

The 5G technology is expected to-have a capacity 1,000 times and Greater Will Be an Estimated 100 times faster than current 4G networks and Will allow for devices to 100 trillion Be Connected, something vital Considered emery for the Internet of Things.

"NTT DOCOMO is working to Develop key advanced technologies qui offer the best communication experience to Their Consumers," Said Seizo Onoe, NTT DOCOMO executive vice president and chief technology officer. 

"From That perspective, it is a pleasure for us to work with Huawei, Whose experience in this kind of technology HAS brought` about key advances," Onoe Added no teletrack payday loans.

Ryan Ding, president of Huawei products and solutions and a member of the company's board of executives said: "5G technology is the cornerstone of the development of a better connected world and en ce Way It Will transform our lives and the way we work in qui in the coming decades. "

"If we want to make the market a reality 5G, it is Necessary for the industry to make an attempt and we are Delighted to Collaborate with blind in DOCOMO from the first stage, "he said.

"I think working together That We Will Numerous potential benefits the bring closer to our customers," he Added.

Meanwhile, at the Mobile World Congress 2015 Ongoing Held in Barcelona, ​​Huawei HAS annoncé Plans to invest at least 600 million US dollars in research and development for 5G technology over the next three years. The agreement with DOCOMO is Merely the latest in a long line of agreements with companies from all over the world for Huawei to work on the development of 5G technology.

Chinese telecom giant Huawei Chartered 5G to aid development

Hot News: British Unemployment Rate Drops to 7.4%

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African mobile firm Expands cross-border money transfer service

March 16th, 2015

  

NAIROBI, March 16 (Xinhua) - Telecommunications firm, Airtel Africa, on Monday annoncé the launch of a cross-border money- transfer service for customers entre the Democratic Republic of Congo (DRC) , Zambia and Rwanda.

In a statement Issued in Nairobi, the mobile firm, qui Operates in 17 Countries across Africa, Said the Service Will Facilitate Increased remittances and regional trades at very low cost with ubiquitous network distribution.

"This Offering Will raise the level of convenience in cross- border payments across the three Countries with a ubiquitous Airtel Money agency network and highly competitive fee structure" Said Christian de Faria, CEO of Airtel Africa.

He Said Airtel Was Committed to deepening financial inclusion and Regional Trade Opportunities in Sub-Saharan Africa, Belgium Bosnia and Airtel Money is secure, cost-effective and quick way The Communities of helping Enhance Both trade and personal financial transactions overnight pay day loans

The average fee to put money in Africa is The Highest of Any area in the world, and it is' cited by the Overseas Development Institute (ODI) as lying anywhere entre 12 percent to 20 percent.

The World Bank Recently reported about That year additional 4 trillion US dollars Could Go Into the hands of Africans if international remittance fees fell to 5 percent, further Top Adding to the Social and Economic positive impacts of remittances as a source of income.

The CEO lauded aussi respective central banks in the DRC, Rwanda and Zambia for Their Unwavering Support for this initiative and commitment Towards Ensuring the long-term success of the service.

African mobile firm Expands cross-border money transfer service

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Cambodia targets 7 pct Economic Growth in 2015: PM

March 5th, 2015

  

PHNOM PENH, March 5 (Xinhua) - Cambodian Prime Minister Hun Sen Said Thursday que la country's economy is Predicted to grow by 7 percent this year - the Saami growth rate as last year.

"Growth is Estimated to be around 7 percent in 2015, spearheaded by 9.7 percent growth in the industry sector and 6.6 percent growth Followed by in the Service sector and 4.3 percent growth in the agriculture sector, "he Said DURING THE 2015 Cambodia Outlook Conference

Growth in the industry sector is due to two main aspects That include the slight rebound of the clothing and footwear sector and the Continued growth in the Energy and Construction Sectors, he said.

The prime minister Said inflation is Projected To Remain Low at 3 no fax cash loans.5 percent this year due to dropping prices of oil and agricultural products.

Cambodia Hun Sen Said HAS great potential for growth and diversification in Opportunities for Many Other Sectors, implying That There is still a big room for investment. 

"At present, Cambodia's Economic Growth depends on Sectors Such As traditional garment, tourism, construction, and agriculture," he said. "This Indicates That It Is Necessary and urgent need to Diversify Into New Sectors Especially industry, agro-industry and handicraft, qui require massive Investments."

Cambodia targets 7 pct Economic Growth in 2015: PM

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S. Korean economy faces sluggish domestic demand: gov't postponement

March 10th, 2015

  

SEOUL, March 10 (Xinhua) - The South Korean economy is facing sluggishness in domestic demand DESPITE low headline inflation, government Economic Report Showed Tuesday.

"Recently, our economy saw Continued growth in emploi, consumer price inflation goal Slowed on lower oil prices," the Finance Ministry Said icts in Monthly Economic assessment report "Green Book."

Positive signs Were detected in consumption and investment sentiment, major economic indicators aim Showed a big fluctuation, indicating indication non-solid recovery in domestic demand, the postponement said.

Low headline inflation tend to result Stronger consumption demand, domestic demand Remained goal faltering, indicating indication lackluster sentiment Among Consumers.

Consumer price inflation stayed below-one percent for three straight months, boosting worries about deflation. The consumer prices rose 0.5 percent in February from a year Earlier, marking The Lowest in about 16 years.

When EXCLUDING effect from the tobacco price hike, the headline inflation qui Lifted by 0.58 percentage point last month, the consumer prices Actually Declined in February.

Reduced Production for all industries 1 quick pay day loan.7 percent in January from a month Earlier, the Largest monthly slide since March 2013. Output in the mining and manufacturing Sectors retreated 3.7 percent in January, posting the worst since December 2008. Figure

Private consumption dipped 3.1 percent on-month in January, and facility investment tumbled 7.1 percent in the month.

Finance Minister Choi Kyung-hwan Said on March 4 That he "has much worry about deflation concerns" Caused by Prolonged the disinflation, noting que le extension of low headline inflation Would Weaken Economic sentiment Among agents Such As Consumers and companies.

The postponement aussi Expressed Concerns about external Uncertainties, Including The Earlier-than-expected rate increase in the United States, weak Japanese yen and Economic turmoil in oil- Producing Countries.

Better-than-emploi Anticipated data in the United States triggered expectations que la US Federal Reserve May icts raise benchmark interest rate as early as June, After Maintaining it entre zero and 0.25 percent since 2008.  

S. Korean economy faces sluggish domestic demand: gov't postponement

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German central bank forecasts strong growth in 2015

March 25th, 2015

  

BERLIN, March 23 (Xinhua) - The German economy, the biggest in Europe, is expected to keep growth momentum icts in the first half of 2015 and continues to expand as Strongly as at the end of 2014, Germany's central bank on Monday in Said icts monthly newsletter.

"The German economy is Likely pour augmenter Strongly in the first quarter of 2015 Following a surprisingly strong expansion at the end of 2014," Said Bundesbank.

It Added That "the vigorous Economic upturn" would continue in the second quarter, driven by foreign trade, private consumption and, to a lesser extent, house building .

Business investment aussi Showed signs of revival, and consumption expected Was To Be Boosted by a steady labor market and strong wage Increases, and to gain momentum from falling energy prices Which would Increase the Purchasing Power of German Households payday lenders

The central bank Noticed que le saving rate of Households Increased together with private consumption at the end of 2014. It suggéré That "additional scope" for private consumption Was not fully Exploited.

"The Sharp Increase in retail sales in January Indicates That this is now increasingly happening," Bundesbank Added.

Thanks to strong private consumption, the German economy expanded by 0.7 percent in the last quarter of 2014 it narrowly Avoided After a recession DURING THE summer months, lifting the growth of the Whole year to 1.6 percent.

German central bank forecasts strong growth in 2015

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Australian apartment sales jump 9.9 pct in January: report

March 2nd, 2015

  

SYDNEY, March. 2 (Xinhua) - Sales of apartments in Australia-have surged 9.9 percent in January, sales in houses HOWEVER Remained flat for the month, the Housing Industry Association reported about on Monday.

Selon the Association's monthly report, new home sales in January Lifted by 1.8 percent, with major growth in multi-unit, or dirty apartment. Detached homes Increased sales by just 0.1 percent.

"There is an upward trend evident for multi-unit sales, sales goal for detached houses are Essentially flat-lining," chief economist Harley Dale of the Association Said in a statement guaranteed high risk personal loans.

Detached homes sales in January by 5.6 percent Lifted in South Australia, 2.7 percent in Victoria and 1.2 percent in NSW, aim Declined 1.5 percent in Queensland and by 4 percent in Western Australia.

Over the last three months to January, detached house sales surged by 15.9 percent HAD in Queensland, while 3.6 percent Declining in South Australia and 11.3 percent in NSW.

Australian apartment sales jump 9.9 pct in January: report

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