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China SHANGHAI: China's money rates moved in a small range and continued to hover at low levels as ample liquidity capped the market, dealers said.   "Almost all the banks are busy lending funds," said a dealer at a Chinese bank in Shanghai.   "The seven-day money rates rose at the beginning of trade, but I saw some big banks set the (7-day) price around 2.5 percent, which means they still think money will be ample this week."   The benchmark, weighted-average seven-day bond repurchase rate inched up 2 basis points to 2.75 percent from 2.73 percent on Friday. It touched 3.0 percent briefly at the beginning of trade.   The 14-day repo rate slipped to 2.72 percent from 2.85 percent, and the one-day repo rate fell to 2.06 percent from 2.08 percent.   Dealers told Reuters that the central bank would continue to use seven- and 14-day reverse repos to support market liquidity this week, but it may hold off ...


Brand new Corvette kicks off Detroit car show DETROIT: A sparkling new Corvette with as much Italian lines as American dash kicked off the annual North American Auto Show Sunday, the first makeover in eight years for the iconic US sports car.   Six decades after the Chevrolet speedster came on the market, the new Corvette easily earned the respect of the Detroit automotive press, with one saying its "Italianate lines" suggested the class leader Ferrari.   "The soul of our company is sitting right here in ...

China approves new $11.2bn Beijing airport BEIJING: Chinese leaders have given final approval for a long-awaited new $11.2 billion international airport in Beijing to ease crushing congestion at the existing facility, state media said on Monday.   The state-run China Daily newspaper reported the decision, made Sunday, citing a spokesman for the country's State Council, or cabinet.   The existing international airport, which saw a major expansion in the run-up to the 2008 Olympics, is the world's second-busiest, reflecting China's relentless economic rise.   The new airport ...

France Telecom to push further into Africa LONDON: France Telecom wants to expand its presence in fast-growing African mobile markets by entering Benin, Togo, Burkina Faso and Mauritania.   Elie Girard, the group's head of strategy and development, said plans for Africa also included seeking to sign management contracts with telecom groups in Libya and Algeria.   He said no talks on acquisitions were currently underway, but Africa and the Middle East were a priority for growth.   "If we manage to enter Benin, Togo, Burkina (Faso) and ...

Jaguar to add 800 new UK jobs  LONDON: Premium carmaker Jaguar Land Rover plans to create 800 new jobs at its Solihull factory in central England due to demand in China, Russia and the United States, a person familiar with the matter said on Sunday.   JLR, owned by India's Tata Motors, said earlier this month that its outlook for 2013 was positive after UK vehicle sales rose almost 20 percent in 2012.   The source said confirmation of the new jobs could come later on ...

JAL says Dreamliner leaks fuel during tests  TOKYO: Japan Airlines Co said that the Boeing 787 Dreamliner jet under investigation following a fuel leak at Boston airport last week, leaked fuel during tests in Japan on Sunday.   The fuel leak came from a fuel nozzle on the left wing that is used to remove fuel, a company spokeswoman said.   Copyright Reuters, 2013*

Daimler to extend CEO FRANKFURT: Car and truck maker Daimler will extend Chief Executive Dieter Zetsche's contract by five years, two years more than expected, a German magazine reported.   Daimler's supervisory board is due to sign off on the extension to the end of 2018 at a meeting on February 6, weekly Der Spiegel said on Sunday, citing no sources.   A spokesman for Daimler said the company generally did not comment on matters concerning the supervisory board.   A source had told Reuters ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln