BEIJING | Tue Feb 21, 2012 11:17am GMT BEIJING Feb 21 (Reuters) – China’s central bank said on Tuesday that it had signed a three-year currency swap agreement worth 10 billion yuan ($1.6 billion) with Turkey’s central bank. The deal will be effective for 3 years and the two countries could discuss extending its...
On the Nepal-China border (CNN) — The smell of incense burning and deep-throated chants greet you at the gate of one of Kathmandu’s massive stupas, a Buddhist holy place where Tibetans gather to pray. For decades, Nepal has been a safe haven for Tibetans who escape China. But Tibetan activists say their people’s peaceful...
About William Pesek William Pesek is based in Tokyo and writes on economics, markets and politics throughout the Asia-Pacific region. His journalism awards include the 2010 Society of American Business Editors and Writers prize for commentary. More about William Pesek Mark Zuckerberg is pulling off a feat bigger than becoming the world’s richest 20-something:...
China, India and Japan are planning cuts of at least 10 percent in Iranian crude imports as tightening U.S. sanctions make it difficult for the top Asian buyers to keep doing business with the OPEC producer. The countries together buy about 45 percent of Iran’s crude exports. The reductions are the first significant evidence...
Nov. 10 (Bloomberg) — Jiong Shao, head of Hong Kong and China research at Macquarie Capital Securities, talks about Chinese Internet companies. Tencent Holdings Ltd., China’s biggest Internet company by sales, posted a 14 percent gain in third-quarter profit, missing analysts’ estimates, after increasing spending to develop new services. Shao speaks in Hong Kong...
China has rejected South Korean pleas not to repatriate 30 North Koreans recently arrested in Chinese territory. A spokesman for China’s Foreign Ministry, Hong Lei, said Tuesday the detained North Koreans are illegal economic migrants and not refugees deserving protection. The spokesman indicated his government rejects taking the issue to the United Nations. South...
