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<description>People's Daily Online</description>
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<item>
<title><![CDATA[Swedish FM to head EU troika visit to Indonesia ]]></title>
<news_id>6806650</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806650.html ]]></link>
<pubDate>2009-11-07 13:26:06</pubDate>
<description><![CDATA[Swedish Foreign Minister Carl Bildt will head an EU troika visit to Indonesia on Monday for the signing of a Partnership and Cooperation Agreement between the EU and Indonesia, the Swedish Foreign Ministry said Friday.       This will be the first agreement of its kind that the EU has signed in Asia, the ministry said in a statement.       Sweden holds the current rotating EU Presidency during the second half of this year.       A human rights dialogue between the EU and Indonesia will als ...]]></description>
<full-text><![CDATA[Swedish Foreign Minister Carl Bildt will head an EU troika visit to Indonesia on Monday for the signing of a Partnership and Cooperation Agreement between the EU and Indonesia, the Swedish Foreign Ministry said Friday.       This will be the first agreement of its kind that the EU has signed in Asia, the ministry said in a statement.       Sweden holds the current rotating EU Presidency during the second half of this year.       A human rights dialogue between the EU and Indonesia will also be launched at the meeting hosted by Indonesia's new Minister of Foreign Affairs, Dr Marty Natelegawa, said the statement.       Other topics of discussion will include developments in South East Asia, the financial crisis and preparations ahead of the climate summit in Copenhagen, it added.       Bildt will be accompanied by Karel Kovanda, Deputy Director General for External Relations at the European Commission, and Helga Schmid, Director of the Policy Unit at the General Secretariat of the Council of the European Union. The incoming Spanish Presidency will also be represented, according to the statement.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Swedish FM to head EU troika visit to Indonesia ]]></title>
<news_id>6806650</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806650.html ]]></link>
<pubDate>2009-11-07 13:26:06</pubDate>
<description><![CDATA[Swedish Foreign Minister Carl Bildt will head an EU troika visit to Indonesia on Monday for the signing of a Partnership and Cooperation Agreement between the EU and Indonesia, the Swedish Foreign Ministry said Friday.       This will be the first agreement of its kind that the EU has signed in Asia, the ministry said in a statement.       Sweden holds the current rotating EU Presidency during the second half of this year.       A human rights dialogue between the EU and Indonesia will als ...]]></description>
<full-text><![CDATA[Swedish Foreign Minister Carl Bildt will head an EU troika visit to Indonesia on Monday for the signing of a Partnership and Cooperation Agreement between the EU and Indonesia, the Swedish Foreign Ministry said Friday.       This will be the first agreement of its kind that the EU has signed in Asia, the ministry said in a statement.       Sweden holds the current rotating EU Presidency during the second half of this year.       A human rights dialogue between the EU and Indonesia will also be launched at the meeting hosted by Indonesia's new Minister of Foreign Affairs, Dr Marty Natelegawa, said the statement.       Other topics of discussion will include developments in South East Asia, the financial crisis and preparations ahead of the climate summit in Copenhagen, it added.       Bildt will be accompanied by Karel Kovanda, Deputy Director General for External Relations at the European Commission, and Helga Schmid, Director of the Policy Unit at the General Secretariat of the Council of the European Union. The incoming Spanish Presidency will also be represented, according to the statement.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Austrian foreign trade down significantly ]]></title>
<news_id>6806649</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806649.html ]]></link>
<pubDate>2009-11-07 13:25:32</pubDate>
<description><![CDATA[Austrian foreign trade from January to August dropped by more than 20 percent compared to the same period last year.       The foreign trade deficit was nine times more than the previous period, increasing from 283.8 million euros (417.5 million U.S. dollars) to 2,490 million euros (3,673.1 million U.S. dollars).       According to the latest figures of Statistics Austria, Austrian exports from January to August this year fell by 23.8 percent compared to the same period last year, falling to ...]]></description>
<full-text><![CDATA[Austrian foreign trade from January to August dropped by more than 20 percent compared to the same period last year.       The foreign trade deficit was nine times more than the previous period, increasing from 283.8 million euros (417.5 million U.S. dollars) to 2,490 million euros (3,673.1 million U.S. dollars).       According to the latest figures of Statistics Austria, Austrian exports from January to August this year fell by 23.8 percent compared to the same period last year, falling to 60.59 billion euros (89.38 billion U.S. dollars). Its imports also declined, by 21 percent to 63.08 billion euros (93.05 billion U.S. dollars).       Imports from EU countries declined by 22.3 percent to 45.97 billion euros (67.81 billion U.S. dollars), while its exports to EU countries fell by 25.3 percent to 43.1 billion euros (63.58 billion U.S. dollars). Austria's trade deficit with the EU for the first eight months reached 2.87 billion euros (4.23 billion U.S. dollars).       In the first eight months of this year, Austrian foreign trade volume with countries outside the EU also declined significantly. Imports fell 17.2 percent to 17.11 billion euros (25.3 billion U.S. dollars), while exports fell 19.7 percent to 17.49 billion euros (25.8 billion U.S. dollars). However, in foreign trade with countries outside EU, Austria recorded a surplus of 380 million euros (560 million U.S. dollars).       Austria is a small country with a small population. Its economic development is strongly dependent on external trade and has been hard hit by the global economic woes. Austrian industrial processing enterprises have been hit especially hard.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Austrian foreign trade down significantly ]]></title>
<news_id>6806649</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806649.html ]]></link>
<pubDate>2009-11-07 13:25:32</pubDate>
<description><![CDATA[Austrian foreign trade from January to August dropped by more than 20 percent compared to the same period last year.       The foreign trade deficit was nine times more than the previous period, increasing from 283.8 million euros (417.5 million U.S. dollars) to 2,490 million euros (3,673.1 million U.S. dollars).       According to the latest figures of Statistics Austria, Austrian exports from January to August this year fell by 23.8 percent compared to the same period last year, falling to ...]]></description>
<full-text><![CDATA[Austrian foreign trade from January to August dropped by more than 20 percent compared to the same period last year.       The foreign trade deficit was nine times more than the previous period, increasing from 283.8 million euros (417.5 million U.S. dollars) to 2,490 million euros (3,673.1 million U.S. dollars).       According to the latest figures of Statistics Austria, Austrian exports from January to August this year fell by 23.8 percent compared to the same period last year, falling to 60.59 billion euros (89.38 billion U.S. dollars). Its imports also declined, by 21 percent to 63.08 billion euros (93.05 billion U.S. dollars).       Imports from EU countries declined by 22.3 percent to 45.97 billion euros (67.81 billion U.S. dollars), while its exports to EU countries fell by 25.3 percent to 43.1 billion euros (63.58 billion U.S. dollars). Austria's trade deficit with the EU for the first eight months reached 2.87 billion euros (4.23 billion U.S. dollars).       In the first eight months of this year, Austrian foreign trade volume with countries outside the EU also declined significantly. Imports fell 17.2 percent to 17.11 billion euros (25.3 billion U.S. dollars), while exports fell 19.7 percent to 17.49 billion euros (25.8 billion U.S. dollars). However, in foreign trade with countries outside EU, Austria recorded a surplus of 380 million euros (560 million U.S. dollars).       Austria is a small country with a small population. Its economic development is strongly dependent on external trade and has been hard hit by the global economic woes. Austrian industrial processing enterprises have been hit especially hard.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[Dollar rises as U.S. unemployment jumps above 10% ]]></title>
<news_id>6806645</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806645.html ]]></link>
<pubDate>2009-11-07 11:14:37</pubDate>
<description><![CDATA[The dollar rose against most major currencies on Friday as safety-haven demand for the U.S. currency was boosted by high employment rate.       The unemployment rate rose from 9.8 to 10.2 percent in October, the U.S. Bureau of Labor Statistics reported. It was the first time the unemployment surpassing 10 percent in 26 years. Most analysts have forecasted a slighter increase to 9.9 percent.       Nonfarm payroll employment continued to decline by 190,000 in October, the smallest decline sinc ...]]></description>
<full-text><![CDATA[The dollar rose against most major currencies on Friday as safety-haven demand for the U.S. currency was boosted by high employment rate.       The unemployment rate rose from 9.8 to 10.2 percent in October, the U.S. Bureau of Labor Statistics reported. It was the first time the unemployment surpassing 10 percent in 26 years. Most analysts have forecasted a slighter increase to 9.9 percent.       Nonfarm payroll employment continued to decline by 190,000 in October, the smallest decline since August 2008. The largest job losses over the month were in construction, manufacturing, and retail trade.       There were positive signs in the first significant increase in temporary employment in this cycle, and an increase in manufacturing overtime. Combined August and September job losses were 91,000 less than previously estimated.       The underlying rate of decline in employment is still slowing, but we are several months away from hitting bottom, said analysts of Global Insight.       Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points.       The report reinforced speculations that the U.S. Federal Reserve will keep interest rates at their current near-zero range into late next year.       The euro bought 1.4835 dollars in late New York trading compared with 1.4868 dollars it bought late Thursday. The pound rose to 1.6602 dollars from 1.6586 dollars.       The dollar rose to 1.0768 Canadian dollars from 1.0648 Canadian dollars, and rose to 1.0179 Swiss francs from 1.0165 Swiss francs. It fell to 89.93 Japanese yen from 90.78 Japanese yen.        &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Dollar rises as U.S. unemployment jumps above 10% ]]></title>
<news_id>6806645</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806645.html ]]></link>
<pubDate>2009-11-07 11:14:37</pubDate>
<description><![CDATA[The dollar rose against most major currencies on Friday as safety-haven demand for the U.S. currency was boosted by high employment rate.       The unemployment rate rose from 9.8 to 10.2 percent in October, the U.S. Bureau of Labor Statistics reported. It was the first time the unemployment surpassing 10 percent in 26 years. Most analysts have forecasted a slighter increase to 9.9 percent.       Nonfarm payroll employment continued to decline by 190,000 in October, the smallest decline sinc ...]]></description>
<full-text><![CDATA[The dollar rose against most major currencies on Friday as safety-haven demand for the U.S. currency was boosted by high employment rate.       The unemployment rate rose from 9.8 to 10.2 percent in October, the U.S. Bureau of Labor Statistics reported. It was the first time the unemployment surpassing 10 percent in 26 years. Most analysts have forecasted a slighter increase to 9.9 percent.       Nonfarm payroll employment continued to decline by 190,000 in October, the smallest decline since August 2008. The largest job losses over the month were in construction, manufacturing, and retail trade.       There were positive signs in the first significant increase in temporary employment in this cycle, and an increase in manufacturing overtime. Combined August and September job losses were 91,000 less than previously estimated.       The underlying rate of decline in employment is still slowing, but we are several months away from hitting bottom, said analysts of Global Insight.       Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points.       The report reinforced speculations that the U.S. Federal Reserve will keep interest rates at their current near-zero range into late next year.       The euro bought 1.4835 dollars in late New York trading compared with 1.4868 dollars it bought late Thursday. The pound rose to 1.6602 dollars from 1.6586 dollars.       The dollar rose to 1.0768 Canadian dollars from 1.0648 Canadian dollars, and rose to 1.0179 Swiss francs from 1.0165 Swiss francs. It fell to 89.93 Japanese yen from 90.78 Japanese yen.        &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[Blackstone's loss narrows in third quarter ]]></title>
<news_id>6806644</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806644.html ]]></link>
<pubDate>2009-11-07 11:14:02</pubDate>
<description><![CDATA[The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter.       Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year.       The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars per unit in the same time last year.       "It has been just over a year since  ...]]></description>
<full-text><![CDATA[The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter.       Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year.       The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars per unit in the same time last year.       "It has been just over a year since the onset of the global financial crisis. Equity and debt markets have continued to heal, many companies have reduced expenses and inventory levels, the cost of borrowing has declined and the availability of credit is slowly increasing," said Blackstone Chairman and CEO Stephen A. Schwarzman in a statement.       "We believe the worst is behind us though a recovery could be gradual and uneven. We see many opportunities to deploy our substantial available capital across each of our asset management businesses with attractive potential risk-return for our fund investors," he added.       Blackstone shares rose 97 cents, or 6.99 percent, to 14.84 dollars on the New York Stock Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[Blackstone's loss narrows in third quarter ]]></title>
<news_id>6806644</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806644.html ]]></link>
<pubDate>2009-11-07 11:14:02</pubDate>
<description><![CDATA[The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter.       Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year.       The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars per unit in the same time last year.       "It has been just over a year since  ...]]></description>
<full-text><![CDATA[The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter.       Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year.       The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars per unit in the same time last year.       "It has been just over a year since the onset of the global financial crisis. Equity and debt markets have continued to heal, many companies have reduced expenses and inventory levels, the cost of borrowing has declined and the availability of credit is slowly increasing," said Blackstone Chairman and CEO Stephen A. Schwarzman in a statement.       "We believe the worst is behind us though a recovery could be gradual and uneven. We see many opportunities to deploy our substantial available capital across each of our asset management businesses with attractive potential risk-return for our fund investors," he added.       Blackstone shares rose 97 cents, or 6.99 percent, to 14.84 dollars on the New York Stock Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[AIG keeps profitable for second quarter ]]></title>
<news_id>6806643</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806643.html ]]></link>
<pubDate>2009-11-07 11:13:24</pubDate>
<description><![CDATA[American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter.       Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year.       Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per share, during the latest quarter.       Adjusted earnings, which excludes the gov ...]]></description>
<full-text><![CDATA[American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter.       Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year.       Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per share, during the latest quarter.       Adjusted earnings, which excludes the government's stake and realized investment gains and losses totaled 385 million dollars, or 2.85 dollars per share, compared with a market forecast of 1.98dollars per share.       "We continue to focus on stabilizing and strengthening our businesses, but expect continued volatility in reported results in the coming quarters, due in part to charges related to ongoing restructuring activities," AIG CEO Robert Benmosche said in a statement.       AIG also said it plans to record a 5-billion-dollars charge in the fourth quarter as it proceeds with spinning off two major life insurance businesses.       Shares of AIG fell 3.80 dollars, or 9.67 percent, to 35.48 dollars on the New York Stock Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[AIG keeps profitable for second quarter ]]></title>
<news_id>6806643</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806643.html ]]></link>
<pubDate>2009-11-07 11:13:24</pubDate>
<description><![CDATA[American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter.       Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year.       Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per share, during the latest quarter.       Adjusted earnings, which excludes the gov ...]]></description>
<full-text><![CDATA[American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter.       Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year.       Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per share, during the latest quarter.       Adjusted earnings, which excludes the government's stake and realized investment gains and losses totaled 385 million dollars, or 2.85 dollars per share, compared with a market forecast of 1.98dollars per share.       "We continue to focus on stabilizing and strengthening our businesses, but expect continued volatility in reported results in the coming quarters, due in part to charges related to ongoing restructuring activities," AIG CEO Robert Benmosche said in a statement.       AIG also said it plans to record a 5-billion-dollars charge in the fourth quarter as it proceeds with spinning off two major life insurance businesses.       Shares of AIG fell 3.80 dollars, or 9.67 percent, to 35.48 dollars on the New York Stock Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[U.S. stocks rise slightly despite unemployment data ]]></title>
<news_id>6806642</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806642.html ]]></link>
<pubDate>2009-11-07 11:12:49</pubDate>
<description><![CDATA[U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh.       U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department.       In the past month, the employers cut 190,000 jobs, more than the 175,000 economists had expected but fewer than the 219,000 lost in September. The manufacturing sector shed 61,000 jobs last month while construction industries axed 62,000 jobs ...]]></description>
<full-text><![CDATA[U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh.       U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department.       In the past month, the employers cut 190,000 jobs, more than the 175,000 economists had expected but fewer than the 219,000 lost in September. The manufacturing sector shed 61,000 jobs last month while construction industries axed 62,000 jobs. Retail trade employment fell by 40,000 over the month.       U.S. President Barack Obama said the surge in the unemployment rate was a "sobering" figure that underscored the economic challenges ahead.       The Federal Reserve has said that the nation's unemployment rate will remain elevated into 2011. Many economists believe the labor market may not get back to normal until 2013.       American International Group Inc. (AIG), the troubled insurance giant, said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.       Shares of AIG fell 3.80 U.S. dollars, or 9.67 percent, to 35.48dollars on the New York Stock Exchange.       The Dow Jones industrial average rose 17.46, or 0.17 percent, to 10,023.42. The Standard & Poor's 500 index rose 2.67, or 0.25 percent, to 1,069.30, while the Nasdaq composite index rose 7.12, or 0.34 percent, to 2,112.44.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
</item>
<item>
<title><![CDATA[U.S. stocks rise slightly despite unemployment data ]]></title>
<news_id>6806642</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806642.html ]]></link>
<pubDate>2009-11-07 11:12:49</pubDate>
<description><![CDATA[U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh.       U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department.       In the past month, the employers cut 190,000 jobs, more than the 175,000 economists had expected but fewer than the 219,000 lost in September. The manufacturing sector shed 61,000 jobs last month while construction industries axed 62,000 jobs ...]]></description>
<full-text><![CDATA[U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh.       U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department.       In the past month, the employers cut 190,000 jobs, more than the 175,000 economists had expected but fewer than the 219,000 lost in September. The manufacturing sector shed 61,000 jobs last month while construction industries axed 62,000 jobs. Retail trade employment fell by 40,000 over the month.       U.S. President Barack Obama said the surge in the unemployment rate was a "sobering" figure that underscored the economic challenges ahead.       The Federal Reserve has said that the nation's unemployment rate will remain elevated into 2011. Many economists believe the labor market may not get back to normal until 2013.       American International Group Inc. (AIG), the troubled insurance giant, said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.       Shares of AIG fell 3.80 U.S. dollars, or 9.67 percent, to 35.48dollars on the New York Stock Exchange.       The Dow Jones industrial average rose 17.46, or 0.17 percent, to 10,023.42. The Standard & Poor's 500 index rose 2.67, or 0.25 percent, to 1,069.30, while the Nasdaq composite index rose 7.12, or 0.34 percent, to 2,112.44.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
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<item>
<title><![CDATA[Gold tops 1,100 dollars after rising jobless rate ]]></title>
<news_id>6806641</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806641.html ]]></link>
<pubDate>2009-11-07 11:12:06</pubDate>
<description><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange rallied above 1,100 U.S. dollars on Friday after the jobless rate rose to a 26-year high, setting a new all-time high for the third time in recent four sessions. Silver and platinum both fell.       The most active gold contract for December delivery climbed 6.40 dollars, or 0.6 percent, to finish at 1,095.70 dollars an ounce. In the morning session, the precious metal soared above 1,100 dollars for the first time and hit a ...]]></description>
<full-text><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange rallied above 1,100 U.S. dollars on Friday after the jobless rate rose to a 26-year high, setting a new all-time high for the third time in recent four sessions. Silver and platinum both fell.       The most active gold contract for December delivery climbed 6.40 dollars, or 0.6 percent, to finish at 1,095.70 dollars an ounce. In the morning session, the precious metal soared above 1,100 dollars for the first time and hit a record high of 1,101.90.       The Labor Department reported that employers cut more jobs than expected in October, pushing the unemployment rate above 10 percent for the first time since 1983.       The report said 190,000 jobs were lost last month, fewer than the 219,000 jobs lost in September, but more than economists' expectations of 175,000. What's worse, the unemployment rate jumped to 10.2 percent from 9.8 percent in September. The rising unemployment rate raised gold's appeal of hedge and safe-haven.       December silver was down 3.5 cents to 17.375 dollars per ounce. January platinum lost 14.70 dollars to 1348.20 dollars an ounce.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
</item>
<item>
<title><![CDATA[Gold tops 1,100 dollars after rising jobless rate ]]></title>
<news_id>6806641</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806641.html ]]></link>
<pubDate>2009-11-07 11:12:06</pubDate>
<description><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange rallied above 1,100 U.S. dollars on Friday after the jobless rate rose to a 26-year high, setting a new all-time high for the third time in recent four sessions. Silver and platinum both fell.       The most active gold contract for December delivery climbed 6.40 dollars, or 0.6 percent, to finish at 1,095.70 dollars an ounce. In the morning session, the precious metal soared above 1,100 dollars for the first time and hit a ...]]></description>
<full-text><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange rallied above 1,100 U.S. dollars on Friday after the jobless rate rose to a 26-year high, setting a new all-time high for the third time in recent four sessions. Silver and platinum both fell.       The most active gold contract for December delivery climbed 6.40 dollars, or 0.6 percent, to finish at 1,095.70 dollars an ounce. In the morning session, the precious metal soared above 1,100 dollars for the first time and hit a record high of 1,101.90.       The Labor Department reported that employers cut more jobs than expected in October, pushing the unemployment rate above 10 percent for the first time since 1983.       The report said 190,000 jobs were lost last month, fewer than the 219,000 jobs lost in September, but more than economists' expectations of 175,000. What's worse, the unemployment rate jumped to 10.2 percent from 9.8 percent in September. The rising unemployment rate raised gold's appeal of hedge and safe-haven.       December silver was down 3.5 cents to 17.375 dollars per ounce. January platinum lost 14.70 dollars to 1348.20 dollars an ounce.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
</item>
<item>
<title><![CDATA[Oil plunges as U.S. unemployment rate tops 10% ]]></title>
<news_id>6806640</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806640.html ]]></link>
<pubDate>2009-11-07 11:11:18</pubDate>
<description><![CDATA[Crude prices plunged more than 3 percent on Friday as U.S. unemployment rate hit 10.2 percent, the highest since 1983.       Light, sweet crude for December delivery fell 2.73 U.S. dollars, or 3.4 percent, to trade at 76.89 dollars a barrel at 1:16 p.m. EST on the New York Mercantile Exchange.   &$<i>&$Source: Xinhua&$</i>&$                                                                                                                                                                           ...]]></description>
<full-text><![CDATA[Crude prices plunged more than 3 percent on Friday as U.S. unemployment rate hit 10.2 percent, the highest since 1983.       Light, sweet crude for December delivery fell 2.73 U.S. dollars, or 3.4 percent, to trade at 76.89 dollars a barrel at 1:16 p.m. EST on the New York Mercantile Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Oil plunges as U.S. unemployment rate tops 10% ]]></title>
<news_id>6806640</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806640.html ]]></link>
<pubDate>2009-11-07 11:11:18</pubDate>
<description><![CDATA[Crude prices plunged more than 3 percent on Friday as U.S. unemployment rate hit 10.2 percent, the highest since 1983.       Light, sweet crude for December delivery fell 2.73 U.S. dollars, or 3.4 percent, to trade at 76.89 dollars a barrel at 1:16 p.m. EST on the New York Mercantile Exchange.   &$<i>&$Source: Xinhua&$</i>&$                                                                                                                                                                           ...]]></description>
<full-text><![CDATA[Crude prices plunged more than 3 percent on Friday as U.S. unemployment rate hit 10.2 percent, the highest since 1983.       Light, sweet crude for December delivery fell 2.73 U.S. dollars, or 3.4 percent, to trade at 76.89 dollars a barrel at 1:16 p.m. EST on the New York Mercantile Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Canadian employment unexpectedly falls ]]></title>
<news_id>6806639</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806639.html ]]></link>
<pubDate>2009-11-07 11:10:46</pubDate>
<description><![CDATA[Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.       In August and September, employment in Canada had enjoyed mild increases.       According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large f ...]]></description>
<full-text><![CDATA[Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.       In August and September, employment in Canada had enjoyed mild increases.       According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large full-time gain from the previous month.       Most of October's employment decline came from retail and wholesale trade, "other services" and natural resources.       Since October 2008, employment has fallen in most industries in Canada, with the steepest declines in manufacturing (11 percent), natural resources (11 percent), construction (5.8 percent) and transportation and warehousing (5.8 percent). At the same time, there were increases in information, culture and recreation (4.8 percent) as well as in finance, insurance, real estate and leasing(4.4 percent).       According to Statistics Canada, Canadian youth have experienced employment declines since October 2008, totaling 225,000 (down 8.7percent). Among adult men, although down 177.000 (2.3 percent) during the 12-month period, employment has stablilized in recent months. For adult women, employment was unchanged compared with a year earlier.       The Canadian dollar depreciated after the release of the employment data.    &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Canadian employment unexpectedly falls ]]></title>
<news_id>6806639</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806639.html ]]></link>
<pubDate>2009-11-07 11:10:46</pubDate>
<description><![CDATA[Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.       In August and September, employment in Canada had enjoyed mild increases.       According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large f ...]]></description>
<full-text><![CDATA[Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.       In August and September, employment in Canada had enjoyed mild increases.       According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large full-time gain from the previous month.       Most of October's employment decline came from retail and wholesale trade, "other services" and natural resources.       Since October 2008, employment has fallen in most industries in Canada, with the steepest declines in manufacturing (11 percent), natural resources (11 percent), construction (5.8 percent) and transportation and warehousing (5.8 percent). At the same time, there were increases in information, culture and recreation (4.8 percent) as well as in finance, insurance, real estate and leasing(4.4 percent).       According to Statistics Canada, Canadian youth have experienced employment declines since October 2008, totaling 225,000 (down 8.7percent). Among adult men, although down 177.000 (2.3 percent) during the 12-month period, employment has stablilized in recent months. For adult women, employment was unchanged compared with a year earlier.       The Canadian dollar depreciated after the release of the employment data.    &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10%  (4)]]></title>
<news_id>6806638</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806638.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071108201407171829.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a> ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071108201407171829.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center" width="40%">  <tr><td width="50%" align="center"><a href="/cms/template/NewsView.jsp?id=6806637"><img src="/img/2007english/Previous.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10%  (3)]]></title>
<news_id>6806637</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806637.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071108011350930029.jpg'> &$A woman walks past the placard of the Job Search Center of New York Public Libaray in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Shen Hong)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=68 ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071108011350930029.jpg'> &$A woman walks past the placard of the Job Search Center of New York Public Libaray in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Shen Hong)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center" width="40%">  <tr><td width="50%" align="center"><a href="/cms/template/NewsView.jsp?id=6806636"><img src="/img/2007english/Previous.jpg" border="0"></a></td> <td width="50%" align="center"> <a href="/cms/template/NewsView.jsp?id=6806638"><img src="/img/2007english/Next.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10%  (2)]]></title>
<news_id>6806636</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806636.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107411308762248.jpg'> &$A woman walks past the placard of the Job Search Center of New York Public Libaray in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Shen Hong)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=68 ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107411308762248.jpg'> &$A woman walks past the placard of the Job Search Center of New York Public Libaray in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Shen Hong)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center" width="40%">  <tr><td width="50%" align="center"><a href="/cms/template/NewsView.jsp?id=6806635"><img src="/img/2007english/Previous.jpg" border="0"></a></td> <td width="50%" align="center"> <a href="/cms/template/NewsView.jsp?id=6806637"><img src="/img/2007english/Next.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10% ]]></title>
<news_id>6806635</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806635.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107141270323642.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$  The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday.       The U.S. empl ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107141270323642.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$  The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday.       The U.S. employers cut a total of 190,000 jobs in October, driving the unemployment rate to 10.2 percent.       The loss of jobs exceeded economists' expectation and it is the22nd straight month the U.S. economy has shed jobs.       The Labor Department expected the jobless rate to continue growing.  &$<i>&$Source: Xinhua&$</i>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center"> <tr><td><a href="/cms/template/NewsView.jsp?id=6806636"><img src="/img/2007english/Next.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10% ]]></title>
<news_id>6806635</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806635.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107141270323642.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$  The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday.       The U.S. empl ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107141270323642.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$  The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday.       The U.S. employers cut a total of 190,000 jobs in October, driving the unemployment rate to 10.2 percent.       The loss of jobs exceeded economists' expectation and it is the22nd straight month the U.S. economy has shed jobs.       The Labor Department expected the jobless rate to continue growing.  &$<i>&$Source: Xinhua&$</i>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center"> <tr><td><a href="/cms/template/NewsView.jsp?id=6806636"><img src="/img/2007english/Next.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[China's Minmetals considers investment into Marampa project in Sierra Leone: report ]]></title>
<news_id>6806634</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90861/6806634.html ]]></link>
<pubDate>2009-11-07 11:05:00</pubDate>
<description><![CDATA[China Minmetals Corporation, the country's largest state-owned metals trader, had said it was conducting research on a London Mining iron ore project in Sierra Leone and has not signed any cooperation deal for the same, China Daily reported on Saturday.       The statement came after London Mining said Friday that it held talks with Minmetals and Sinosteel Corp., China's largest iron ore trader, as well as China's National Railways for its Marampa project in Sierra Leone.       A source with ...]]></description>
<full-text><![CDATA[China Minmetals Corporation, the country's largest state-owned metals trader, had said it was conducting research on a London Mining iron ore project in Sierra Leone and has not signed any cooperation deal for the same, China Daily reported on Saturday.       The statement came after London Mining said Friday that it held talks with Minmetals and Sinosteel Corp., China's largest iron ore trader, as well as China's National Railways for its Marampa project in Sierra Leone.       A source with China Minmetals Corporation said the company has not yet taken a decision on whether to invest and is still studying the project, said the newspaper.       The source said Minmetals would rather look for suitable iron ore acquisitions projects in Australia and Africa, like Mauritania, and largely focus on small- and medium-sized projects.       An overseas merger and acquisition of a project might come out by the end of this year, he said.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
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<title><![CDATA[HK most preferred by Chinese mainlanders traveling overseas, survey reveals ]]></title>
<news_id>6806569</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90860/6806569.html ]]></link>
<pubDate>2009-11-06 21:22:44</pubDate>
<description><![CDATA[Hong Kong is the first choice of many Chinese mainland residents when they travel abroad, according to the Beijing office of Hong Kong Tourism Board (HKTB) Friday, quoting survey results.   More than 90 percent of over 8,000 netizens on the Chinese mainland surveyed said Hong Kong is the very place they hope to visit most, said HKTB.   The survey, conducted by cyol.net which is affiliated to China Youth Daily, showed that sightseeing and shopping in Hong Kong are the top choices of Chinese m ...]]></description>
<full-text><![CDATA[Hong Kong is the first choice of many Chinese mainland residents when they travel abroad, according to the Beijing office of Hong Kong Tourism Board (HKTB) Friday, quoting survey results.   More than 90 percent of over 8,000 netizens on the Chinese mainland surveyed said Hong Kong is the very place they hope to visit most, said HKTB.   The survey, conducted by cyol.net which is affiliated to China Youth Daily, showed that sightseeing and shopping in Hong Kong are the top choices of Chinese mainland residents. Many respondents said they were impressed by Hong Kong as a "shopping paradise".   The survey shows that those who have been to Hong Kong stayed there for 5.75 days each time, compared to the maximum seven-day stay for mainland residents permitted the Government of the Hong Kong Special Administrative Region.   About 97 percent of respondents who had never been to Hong Kong said they were looking forward to visit the city.   Becky Ip, director of HKTB's Beijing office, told Xinhua that the number of Chinese mainland tourists going to HK during the last National Day Holiday rose 15.8 percent year on year.   "I am really proud of Hong Kong being chosen as mainlanders' dream tourism destination," said Ip, "and we will launch more tourism programs and provide quality services to mainland tourists."   According to the latest statistics, about 1.3 million mainland residents visited Hong Kong in September alone, up 6.1 percent from the same period last year.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Philippine China Bank net profit for Jan-Sept up by 40% ]]></title>
<news_id>6806561</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90861/6806561.html ]]></link>
<pubDate>2009-11-06 20:38:57</pubDate>
<description><![CDATA[China Banking Corp., one of the Philippines biggest commercial banks, chalked up 3.21 billion pesos (68.5 million U.S. dollars) in net profit for the first nine months of the year, or up 40.7 percent on year, on back of stronger revenues.   In its disclosure issued to the Philippine Stock Exchange Friday, China Bank officials reported that the bank's revenues increased 22.8 percent on year to 13.02 billion pesos (27 million U.S. dollars).   "With our continued focus on improving service, str ...]]></description>
<full-text><![CDATA[China Banking Corp., one of the Philippines biggest commercial banks, chalked up 3.21 billion pesos (68.5 million U.S. dollars) in net profit for the first nine months of the year, or up 40.7 percent on year, on back of stronger revenues.   In its disclosure issued to the Philippine Stock Exchange Friday, China Bank officials reported that the bank's revenues increased 22.8 percent on year to 13.02 billion pesos (27 million U.S. dollars).   "With our continued focus on improving service, strengthening our balance sheet, and effective management of risks, we were able to sustain our growth momentum for this year. Our double digit growth is underpinned by our commitment to consistently deliver strong shareholder value," China Bank executive vice president and chief operating officer Ricardo Chua said in a press statement.   To strengthen its balance sheet, provisions for probable credit losses were more than doubled to 493 million pesos (10.4 million U.S. dollars), bringing China Bank's loan loss coverage ratio to 112.21 percent from 82.55 percent last year.   The bank also continued to generate more deposits from the growth in its distribution network. Total deposits reached 174.04 billion pesos (3.6 billion U.S. dollars), with the ratio of low-cost current account and savings accounts (CASA) to total peso deposits further improving to 42 percent.   The funds generated were turned into additional earning assets. Average loans were up 12 percent from the same period last year due to higher loans volume to corporate and consumer sectors, although September year-on-year loans growth has slowed to 3 percent.   Total capital funds stood at 29.27 billion pesos (615 million U.S. dollars), translating to a capital adequacy ratio to risk assets of 13.38 percent.   China Bank is the country's ninth biggest bank in terms of assets and controlled by Filipino-Chinese businessman Henry Sy.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Government allocates relief fund for quake-hit SW China province ]]></title>
<news_id>6806560</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90862/6806560.html ]]></link>
<pubDate>2009-11-06 20:38:29</pubDate>
<description><![CDATA[China's central government has allocated relief fund totaling 8 million yuan (1.17 million U.S. dollars) for people affected by the magnitude 5 earthquake that shook southwest Yunnan Province on Nov. 2, the Ministry of Finance said Friday.   The money is used as financial aid for evacuating and resettling people affected by the quake.   An earthquake measuring 5 on the Richter scale shook southwest China's Yunnan Province on Nov. 2, slightly injuring 28 people and collapsing more than 1,000  ...]]></description>
<full-text><![CDATA[China's central government has allocated relief fund totaling 8 million yuan (1.17 million U.S. dollars) for people affected by the magnitude 5 earthquake that shook southwest Yunnan Province on Nov. 2, the Ministry of Finance said Friday.   The money is used as financial aid for evacuating and resettling people affected by the quake.   An earthquake measuring 5 on the Richter scale shook southwest China's Yunnan Province on Nov. 2, slightly injuring 28 people and collapsing more than 1,000 homes, according to the local authorities. More than 300,000 people were affected.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[News Analysis: MPIC cements its control over Philippine power firm ]]></title>
<news_id>6806555</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806555.html ]]></link>
<pubDate>2009-11-06 20:20:51</pubDate>
<description><![CDATA[The Lopez family's decision to finally sell half of its remaining 13.4 percent stake in Manila Electric Co. (Meralco) to a group led by prominent businessman Manuel. V Pangilinan is within expectations.   Market analysts noted that Pangilinan's group which includes telecom giant Philippine Long Distance Telephone Co.- has always been the biggest shareholder in Meralco. Buying additional stake in Meralco is only a way for Pangilinan to defend his claim in the company.   And what would normall ...]]></description>
<full-text><![CDATA[The Lopez family's decision to finally sell half of its remaining 13.4 percent stake in Manila Electric Co. (Meralco) to a group led by prominent businessman Manuel. V Pangilinan is within expectations.   Market analysts noted that Pangilinan's group which includes telecom giant Philippine Long Distance Telephone Co.- has always been the biggest shareholder in Meralco. Buying additional stake in Meralco is only a way for Pangilinan to defend his claim in the company.   And what would normally be perceived as a good news for the market turned the opposite when investors dumped their Meralco shares because of the uncertainty over the details of the transaction.   Shares of Meralco tumbled Friday to close at 194 pesos (4.07 U.S. dollars) apiece or 12 percent lower from its closing price the previous day.   "It remains unclear as to what the board members of First Philippine Holdings Corp. were thinking of. What exactly is the real story? What is the plan of Pangilinan?" an analyst from local brokerage AB Capital Securities, Inc. said.   First Holdings is the holding firm of the Lopez family, one of the country's most influential dynasties and used to have a controlling stake of Meralco.   The closely-watched corporate war in the Philippines saw two of the country's most prominent businessmen - Pangilinan and Ramon S. Ang, president of Southeast Asia's biggest of food and beverage conglomerate San Miguel Corporation (SMC), battling for control over Meralco.   The corporate battle have been grabbing headlines for the past few months and moved market prices. The competition intensified last week, when Henry Sy, Jr., eldest son of Filipino-Chinese retail magnate and country's wealthiest man, offered 300 pesos (6.3 U.S. dollars) a share, about 60 percent above its trading price, for the Lopez family's stake.   Pangilinan's group used to control 34.7 percent of Meralco, through PLDT (20 percent) and infrastructure holding firm Metro Pacific Investments Corp. (14.7 percent). Buying additional 6.7 percent stake in the company raises Pangilinan group's stake to 41.4 percent. This has cemented Pangilinan's group position as the single biggest voting block in the power retailer, which has been the darling of the stock market since the start of this year owing to the bidding war by rival corporate groups.   San Miguel owns a 27-percent voting block in Meralco. Another group perceived to be allied with San Miguel, Global 5,000 Investments Inc., owns at least another 7 percent of the company.   Thursday night, the holding company of the Lopezes decided to sell only half of their 13.4 percent stake in Meralco to Pangilinan's Metro Pacific Investment Corp (MPIC)., saying that it wants to remain a strategic investor in the company. By exercising its right of first refusal, MPIC, the local unit of Hong Kong-based First Pacific Co. Ltd., matched Sy's offer.   "We are very happy with the agreement reached with Mr. Pangilinan's group. It reflects a valuation that shows the strong growth prospects of Meralco. The proceeds, no doubt, will allow First Holdings to pursue its new directions and further establish itself in the country as the premier renewable energy provider," said Oscar M. Lopez, First Holdings Chairman and CEO, in a statement issued Thursday.   But had the eldest son of tycoon Henry Sy&amp;n ]]></full-text>
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<item>
<title><![CDATA[News Analysis: MPIC cements its control over Philippine power firm ]]></title>
<news_id>6806555</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806555.html ]]></link>
<pubDate>2009-11-06 20:20:51</pubDate>
<description><![CDATA[The Lopez family's decision to finally sell half of its remaining 13.4 percent stake in Manila Electric Co. (Meralco) to a group led by prominent businessman Manuel. V Pangilinan is within expectations.   Market analysts noted that Pangilinan's group which includes telecom giant Philippine Long Distance Telephone Co.- has always been the biggest shareholder in Meralco. Buying additional stake in Meralco is only a way for Pangilinan to defend his claim in the company.   And what would normall ...]]></description>
<full-text><![CDATA[The Lopez family's decision to finally sell half of its remaining 13.4 percent stake in Manila Electric Co. (Meralco) to a group led by prominent businessman Manuel. V Pangilinan is within expectations.   Market analysts noted that Pangilinan's group which includes telecom giant Philippine Long Distance Telephone Co.- has always been the biggest shareholder in Meralco. Buying additional stake in Meralco is only a way for Pangilinan to defend his claim in the company.   And what would normally be perceived as a good news for the market turned the opposite when investors dumped their Meralco shares because of the uncertainty over the details of the transaction.   Shares of Meralco tumbled Friday to close at 194 pesos (4.07 U.S. dollars) apiece or 12 percent lower from its closing price the previous day.   "It remains unclear as to what the board members of First Philippine Holdings Corp. were thinking of. What exactly is the real story? What is the plan of Pangilinan?" an analyst from local brokerage AB Capital Securities, Inc. said.   First Holdings is the holding firm of the Lopez family, one of the country's most influential dynasties and used to have a controlling stake of Meralco.   The closely-watched corporate war in the Philippines saw two of the country's most prominent businessmen - Pangilinan and Ramon S. Ang, president of Southeast Asia's biggest of food and beverage conglomerate San Miguel Corporation (SMC), battling for control over Meralco.   The corporate battle have been grabbing headlines for the past few months and moved market prices. The competition intensified last week, when Henry Sy, Jr., eldest son of Filipino-Chinese retail magnate and country's wealthiest man, offered 300 pesos (6.3 U.S. dollars) a share, about 60 percent above its trading price, for the Lopez family's stake.   Pangilinan's group used to control 34.7 percent of Meralco, through PLDT (20 percent) and infrastructure holding firm Metro Pacific Investments Corp. (14.7 percent). Buying additional 6.7 percent stake in the company raises Pangilinan group's stake to 41.4 percent. This has cemented Pangilinan's group position as the single biggest voting block in the power retailer, which has been the darling of the stock market since the start of this year owing to the bidding war by rival corporate groups.   San Miguel owns a 27-percent voting block in Meralco. Another group perceived to be allied with San Miguel, Global 5,000 Investments Inc., owns at least another 7 percent of the company.   Thursday night, the holding company of the Lopezes decided to sell only half of their 13.4 percent stake in Meralco to Pangilinan's Metro Pacific Investment Corp (MPIC)., saying that it wants to remain a strategic investor in the company. By exercising its right of first refusal, MPIC, the local unit of Hong Kong-based First Pacific Co. Ltd., matched Sy's offer.   "We are very happy with the agreement reached with Mr. Pangilinan's group. It reflects a valuation that shows the strong growth prospects of Meralco. The proceeds, no doubt, will allow First Holdings to pursue its new directions and further establish itself in the country as the premier renewable energy provider," said Oscar M. Lopez, First Holdings Chairman and CEO, in a statement issued Thursday.   But had the eldest son of tycoon Henry Sy&amp;n ]]></full-text>
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<title><![CDATA[Hong Kong stocks end 1.63% higher, tracking U.S. gains ]]></title>
<news_id>6806553</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90859/6806553.html ]]></link>
<pubDate>2009-11-06 19:35:20</pubDate>
<description><![CDATA[The benchmark Hang Seng Index of Hong Kong closed 1.63 percent higher at 21.829.72 on Friday, tracking overnight gains on the Wall Street following better-than-expected quarterly results announced by tech chip Cisco.   The Hang Seng Index gained 0.35 percent over the past week. Analysts said resistance was turning strong as the blue chip index moved near the 22,000 mark, adding that the index also managed to hold above the support level of 21,000 recently.   Turnover totaled 64.43 billion HK ...]]></description>
<full-text><![CDATA[The benchmark Hang Seng Index of Hong Kong closed 1.63 percent higher at 21.829.72 on Friday, tracking overnight gains on the Wall Street following better-than-expected quarterly results announced by tech chip Cisco.   The Hang Seng Index gained 0.35 percent over the past week. Analysts said resistance was turning strong as the blue chip index moved near the 22,000 mark, adding that the index also managed to hold above the support level of 21,000 recently.   Turnover totaled 64.43 billion HK dollars (8.26 billion U.S. dollars), compared with Thursday's 60.77 billion HK dollars (7.79 billion U.S. dollars).   Forty-one of the 42 constituents of the Hang Seng Index turned out gainers. The finance sub-index, one of the four major stock categories, advanced 1.72 percent. The properties category added 1. 92 percent and the commerce and industry, 1.58 percent.   The utilities sub-index gained 0.37 percent.   Banking giant and market heavyweight HSBC rose 1.6 HK dollars, or 1.88 percent, at 86.85 HK dollars, alone contributing a rise of57 points to the Hang Seng Index.   China Mobile, the leading mobile carrier on the Chinese mainland and a market heavyweight, rose 0.75 HK dollars, or 1.03 percent, to close at 73.9 HK dollars. Smaller rival China Unicom surged 3.26 percent at 10.76 HK dollars.   The Industrial and Agricultural Bank of China, the largest commercial lender on the Chinese mainland, rose 1.73 percent. China Construction Bank and the Bank of China gained 1.04 percent and 1.55 percent, respectively.   China Life rose 2.04 percent and Ping An advanced 1.35 percent.   PetroChina, the business conglomerate of the oil industry, advanced 1.65 percent, and Sinopec, whose business scope covers mainly refining, advanced 1.34 percent. CNOOC, the offshore oil producer, surged 3.37 percent at 12.26 HK dollars.   Computer maker Lenovo, with improving results announced earlier, finished unchanged at 4.44 HK dollars after moving to as high as 4. 6 HK dollars during the day.   Cheung Kong, the flagship of Hong Kong's richest man Li Ka- shing, was up 1.67 percent at 97.35 HK dollars. Sun Hung Kai Properties, the leading residential housing developer in Hong Kong, gained 2.47 percent to close at 116.3 HK dollars.   HKEx, the sole exchange operator, closed up 1.67 percent at 140HK dollars. (7.8 HK dollars = 1 U.S. dollar)   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Macao records 95 companies in dissolution in Q3 ]]></title>
<news_id>6806552</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90860/6806552.html ]]></link>
<pubDate>2009-11-06 19:34:52</pubDate>
<description><![CDATA[A total of 95 companies were dissolved in Macao during the third quarter of 2009, according to the figures released on Friday by the city's Statistics and Census Service (DSEC).   The registered capital value of these dissolved companies amounted to 14 million patacas (1.8 million U.S. dollars), with that of 18 construction companies in dissolution accounted for 20.9 percent of the total, the DSEC figures indicated.   Meanwhile, a total of 651 new companies were incorporated in the third qua ...]]></description>
<full-text><![CDATA[A total of 95 companies were dissolved in Macao during the third quarter of 2009, according to the figures released on Friday by the city's Statistics and Census Service (DSEC).   The registered capital value of these dissolved companies amounted to 14 million patacas (1.8 million U.S. dollars), with that of 18 construction companies in dissolution accounted for 20.9 percent of the total, the DSEC figures indicated.   Meanwhile, a total of 651 new companies were incorporated in the third quarter of 2009, increasing by 2 percent year-on-year, with the total value of registered capital rising by 13.7 percent to 75 million patacas (9.5 million dollars), the DSEC said.   There were eight new companies incorporated with registered capital over 1 million patacas (126,582 dollars) in the period and their value of capital accounted for 44.2 percent of the total. Capital of these new companies came mainly from Macao, the Chinese mainland and Hong Kong.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Indian gov't presents bold move on disinvestment ]]></title>
<news_id>6806551</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806551.html ]]></link>
<pubDate>2009-11-06 19:34:14</pubDate>
<description><![CDATA[The Indian government Friday laid down a new, bold policy for disinvestment ensuring that 10 percent of the equity of listed profit-making Central Public Sector Enterprises (CPSEs) go to the general public.   In another policy shift, the proceeds of the disinvestment can now directly fund the capital expenditure of the social sector programs such as education and health care and need not be routed through the National Investment Fund (NIF).   "All unlisted CPSEs having positive net worth, no ...]]></description>
<full-text><![CDATA[The Indian government Friday laid down a new, bold policy for disinvestment ensuring that 10 percent of the equity of listed profit-making Central Public Sector Enterprises (CPSEs) go to the general public.   In another policy shift, the proceeds of the disinvestment can now directly fund the capital expenditure of the social sector programs such as education and health care and need not be routed through the National Investment Fund (NIF).   "All unlisted CPSEs having positive net worth, no accumulated losses and having a net profit in the three preceding consecutive years should get listed at stock exchanges," Home Minister P. Chidambaram said here.   The new policy relating to the disinvestment proceeds being used for capital expenditure for social schemes would come into effect from now onwards, he said.   "The unlisted CPSEs will off-load their shares at an 'appropriate' time looking at the market. Before being sold off to the public, the Cabinet will clear them on a case by case basis," Chidambaram said.   The decision of off-loading 10 percent of listed companies will have a bearing on many companies including mineral majors National Mining Development Corporation (NMDC) and Mineral and Metals Trading Corporation (MMTC) as the public shareholding in these two companies is 1.62 percent and 0.67 percent respectively.   In its second term, the Congress-led Government has already paved the way for listing of two Public Sector Undertakings (PSUs)- National Hydro Power Corporation (NHPC) and Oil India, and Friday's decision would result in more CPSEs hitting the capital market.   At present, over 40 listed state-run companies and over 100 others, including Bharat Sanchar Nigam Limited (BSNL), qualify for listing.   "Because of fiscal constraints, a special dispensation is made for three years to directly channelize the money into the capital expenditure for social sector", Chidambaram said.   The unlisted companies which will be required to go public will include blue chip firms like Bharat Sanchar Nigam Limited, Rashtriya Ispat Nigam Limited and Coal India.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[Indian gov't presents bold move on disinvestment ]]></title>
<news_id>6806551</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806551.html ]]></link>
<pubDate>2009-11-06 19:34:14</pubDate>
<description><![CDATA[The Indian government Friday laid down a new, bold policy for disinvestment ensuring that 10 percent of the equity of listed profit-making Central Public Sector Enterprises (CPSEs) go to the general public.   In another policy shift, the proceeds of the disinvestment can now directly fund the capital expenditure of the social sector programs such as education and health care and need not be routed through the National Investment Fund (NIF).   "All unlisted CPSEs having positive net worth, no ...]]></description>
<full-text><![CDATA[The Indian government Friday laid down a new, bold policy for disinvestment ensuring that 10 percent of the equity of listed profit-making Central Public Sector Enterprises (CPSEs) go to the general public.   In another policy shift, the proceeds of the disinvestment can now directly fund the capital expenditure of the social sector programs such as education and health care and need not be routed through the National Investment Fund (NIF).   "All unlisted CPSEs having positive net worth, no accumulated losses and having a net profit in the three preceding consecutive years should get listed at stock exchanges," Home Minister P. Chidambaram said here.   The new policy relating to the disinvestment proceeds being used for capital expenditure for social schemes would come into effect from now onwards, he said.   "The unlisted CPSEs will off-load their shares at an 'appropriate' time looking at the market. Before being sold off to the public, the Cabinet will clear them on a case by case basis," Chidambaram said.   The decision of off-loading 10 percent of listed companies will have a bearing on many companies including mineral majors National Mining Development Corporation (NMDC) and Mineral and Metals Trading Corporation (MMTC) as the public shareholding in these two companies is 1.62 percent and 0.67 percent respectively.   In its second term, the Congress-led Government has already paved the way for listing of two Public Sector Undertakings (PSUs)- National Hydro Power Corporation (NHPC) and Oil India, and Friday's decision would result in more CPSEs hitting the capital market.   At present, over 40 listed state-run companies and over 100 others, including Bharat Sanchar Nigam Limited (BSNL), qualify for listing.   "Because of fiscal constraints, a special dispensation is made for three years to directly channelize the money into the capital expenditure for social sector", Chidambaram said.   The unlisted companies which will be required to go public will include blue chip firms like Bharat Sanchar Nigam Limited, Rashtriya Ispat Nigam Limited and Coal India.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[China opposes U.S. anti-dumping duties on oil well pipe ]]></title>
<news_id>6806534</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90776/90883/6806534.html ]]></link>
<pubDate>2009-11-06 18:20:34</pubDate>
<description><![CDATA[China's Ministry of Commerce (MOC) Friday branded the United States imposition of anti-dumping dutiesv on Chinese oil well pipes as protectionist and vowed to take measures to protect its own domestic interests.   The United States denied China's market economy status and took discriminative measures to impose anti-dumping duties, bringing serious impacts to China's steel sector exports, said MOC spokesman Yao Jian in a statement on the ministry's website.   "We hope the United States can ge ...]]></description>
<full-text><![CDATA[China's Ministry of Commerce (MOC) Friday branded the United States imposition of anti-dumping dutiesv on Chinese oil well pipes as protectionist and vowed to take measures to protect its own domestic interests.   The United States denied China's market economy status and took discriminative measures to impose anti-dumping duties, bringing serious impacts to China's steel sector exports, said MOC spokesman Yao Jian in a statement on the ministry's website.   "We hope the United States can get rid of the bias and admit China's market economy status soon to tackle the double standards thoroughly and give Chinese enterprises equal and fair treatment," Yao said.   The U.S. Commerce Department on Thursday set preliminary anti-dumping duties on imports of Chinese-made oil well pipes.   The department said it had "preliminarily determined that Chinese producers/exporters have sold OCTG (oil country tubular goods) in the United States at prices ranging from zero to 99.14 percent less than normal value."   As a result, a 36.53-percent levy was imposed on OCTG from 37 Chinese companies, while some other Chinese companies received a preliminary dumping rate of 99.14 percent.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[China to launch anti-dumping, anti-subsidy probe into U.S. autos ]]></title>
<news_id>6806518</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90861/6806518.html ]]></link>
<pubDate>2009-11-06 18:06:53</pubDate>
<description><![CDATA[China's Ministry of Commerce said Friday it had launched anti-dumping, anti-subsidy investigations into U.S.-made off-road vehicles and sedans with engine displacements of 2.0 liters and above.   The ministry made the decision after Chinese car-makers filed an application for anti-dumping investigation.  &$<i>&$Source: Xinhua&$</i>&$                                                                                                                                                                  ...]]></description>
<full-text><![CDATA[China's Ministry of Commerce said Friday it had launched anti-dumping, anti-subsidy investigations into U.S.-made off-road vehicles and sedans with engine displacements of 2.0 liters and above.   The ministry made the decision after Chinese car-makers filed an application for anti-dumping investigation.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[IMF deputy director: Brazilian public sector's debt "very high" ]]></title>
<news_id>6806516</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806516.html ]]></link>
<pubDate>2009-11-06 18:05:53</pubDate>
<description><![CDATA[The gross debt of Brazilian public sector was very high compared with other emerging countries of the G20, said Murilo Portugal, deputy managing director of the International Monetary Fund (IMF), on Thursday.   The debt of this year made up more than 60 percent of the gross domestic product (GDP) of Brazil, while the percentage in other emerging economies was above 40 percent.   Portugal said, however, that Brazil needed to maintain a "prudent monetary policy," continue with the floating exc ...]]></description>
<full-text><![CDATA[The gross debt of Brazilian public sector was very high compared with other emerging countries of the G20, said Murilo Portugal, deputy managing director of the International Monetary Fund (IMF), on Thursday.   The debt of this year made up more than 60 percent of the gross domestic product (GDP) of Brazil, while the percentage in other emerging economies was above 40 percent.   Portugal said, however, that Brazil needed to maintain a "prudent monetary policy," continue with the floating exchange rate and, especially, respect the tax liability.   Maintaining the primary surplus targets will increasingly reduce public debt, Portugal told the Parliamentary Commission of Inquiry (CPI) on Public Debt at Brazilian Deputies Chamber.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[IMF deputy director: Brazilian public sector's debt "very high" ]]></title>
<news_id>6806516</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806516.html ]]></link>
<pubDate>2009-11-06 18:05:53</pubDate>
<description><![CDATA[The gross debt of Brazilian public sector was very high compared with other emerging countries of the G20, said Murilo Portugal, deputy managing director of the International Monetary Fund (IMF), on Thursday.   The debt of this year made up more than 60 percent of the gross domestic product (GDP) of Brazil, while the percentage in other emerging economies was above 40 percent.   Portugal said, however, that Brazil needed to maintain a "prudent monetary policy," continue with the floating exc ...]]></description>
<full-text><![CDATA[The gross debt of Brazilian public sector was very high compared with other emerging countries of the G20, said Murilo Portugal, deputy managing director of the International Monetary Fund (IMF), on Thursday.   The debt of this year made up more than 60 percent of the gross domestic product (GDP) of Brazil, while the percentage in other emerging economies was above 40 percent.   Portugal said, however, that Brazil needed to maintain a "prudent monetary policy," continue with the floating exchange rate and, especially, respect the tax liability.   Maintaining the primary surplus targets will increasingly reduce public debt, Portugal told the Parliamentary Commission of Inquiry (CPI) on Public Debt at Brazilian Deputies Chamber.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Australian central bank lifts growth forecasts ]]></title>
<news_id>6806515</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806515.html ]]></link>
<pubDate>2009-11-06 18:04:12</pubDate>
<description><![CDATA[The Reserve Bank of Australia (RBA) on Friday lifted its medium-term forecasts for inflation and economic growth and flagged the need for higher interest rates.   "The cash rate remains at a low level, and a further gradual lessening of monetary stimulus is likely to be required over time," the bank said in its November statement of monetary policy.   Following a speech on Thursday in which the bank's governor Glenn Stevens said the economy had experienced only a mild downturn, the statement ...]]></description>
<full-text><![CDATA[The Reserve Bank of Australia (RBA) on Friday lifted its medium-term forecasts for inflation and economic growth and flagged the need for higher interest rates.   "The cash rate remains at a low level, and a further gradual lessening of monetary stimulus is likely to be required over time," the bank said in its November statement of monetary policy.   Following a speech on Thursday in which the bank's governor Glenn Stevens said the economy had experienced only a mild downturn, the statement increased expectations of an interest-rate rise in December to follow rises in October and November.   The RBA revised sharply higher its economic growth forecasts, predicting Australia's gross domestic product would grow 3.25 percent in the fourth quarter of 2010 from a year earlier, up from an August forecast of 2.25 percent.   The central bank also revised up its forecast trough in underlying inflation to 2.25 percent by the end of 2010, up from its previous forecast of a 2 percent trough. Core inflation is currently 3.5 percent.   A slowing in wages growth and lower import prices will assist to moderate core inflation, the RBA noted.   The forecasts paint a brightening outlook for Australia's 1.1 trillion (1 trillion U.S. dollars) economy, setting it apart from other major economies, which continue to keep interest rates near zero.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Australian central bank lifts growth forecasts ]]></title>
<news_id>6806515</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806515.html ]]></link>
<pubDate>2009-11-06 18:04:12</pubDate>
<description><![CDATA[The Reserve Bank of Australia (RBA) on Friday lifted its medium-term forecasts for inflation and economic growth and flagged the need for higher interest rates.   "The cash rate remains at a low level, and a further gradual lessening of monetary stimulus is likely to be required over time," the bank said in its November statement of monetary policy.   Following a speech on Thursday in which the bank's governor Glenn Stevens said the economy had experienced only a mild downturn, the statement ...]]></description>
<full-text><![CDATA[The Reserve Bank of Australia (RBA) on Friday lifted its medium-term forecasts for inflation and economic growth and flagged the need for higher interest rates.   "The cash rate remains at a low level, and a further gradual lessening of monetary stimulus is likely to be required over time," the bank said in its November statement of monetary policy.   Following a speech on Thursday in which the bank's governor Glenn Stevens said the economy had experienced only a mild downturn, the statement increased expectations of an interest-rate rise in December to follow rises in October and November.   The RBA revised sharply higher its economic growth forecasts, predicting Australia's gross domestic product would grow 3.25 percent in the fourth quarter of 2010 from a year earlier, up from an August forecast of 2.25 percent.   The central bank also revised up its forecast trough in underlying inflation to 2.25 percent by the end of 2010, up from its previous forecast of a 2 percent trough. Core inflation is currently 3.5 percent.   A slowing in wages growth and lower import prices will assist to moderate core inflation, the RBA noted.   The forecasts paint a brightening outlook for Australia's 1.1 trillion (1 trillion U.S. dollars) economy, setting it apart from other major economies, which continue to keep interest rates near zero.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[S Korea's Ssangyong fails to earn approval on turnaround plan from creditors ]]></title>
<news_id>6806514</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806514.html ]]></link>
<pubDate>2009-11-06 18:02:12</pubDate>
<description><![CDATA[South Korea's Ssangyong Motor Co. failed to get an approval on its turnaround plan from creditors, thus delaying the court ruling on the plan to Dec. 11, a local court said Friday.   According to the Seoul Central District Court, its pre-planned ruling on Ssangyong's plan was delayed due to foreign creditors' disagreement on the plan.   "It is very regretful that the plan was rejected," Lee Yoo-il, co-trustee of Ssangyong, told reporters after the meeting.   "We will do our best to get the ...]]></description>
<full-text><![CDATA[South Korea's Ssangyong Motor Co. failed to get an approval on its turnaround plan from creditors, thus delaying the court ruling on the plan to Dec. 11, a local court said Friday.   According to the Seoul Central District Court, its pre-planned ruling on Ssangyong's plan was delayed due to foreign creditors' disagreement on the plan.   "It is very regretful that the plan was rejected," Lee Yoo-il, co-trustee of Ssangyong, told reporters after the meeting.   "We will do our best to get the turnaround plan approved after having thorough consultations," he said.   Ssangyong, a former affiliate of China's Shanghai Automotive Industry Corp. (SAIC), turned in the rehabilitation plan to the Seoul Central District Court on Sept. 15.   The plan was scheduled to be discussed in Friday's meeting between the court and Ssangyong's creditors and to go through a voting session.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[S Korea's Ssangyong fails to earn approval on turnaround plan from creditors ]]></title>
<news_id>6806514</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806514.html ]]></link>
<pubDate>2009-11-06 18:02:12</pubDate>
<description><![CDATA[South Korea's Ssangyong Motor Co. failed to get an approval on its turnaround plan from creditors, thus delaying the court ruling on the plan to Dec. 11, a local court said Friday.   According to the Seoul Central District Court, its pre-planned ruling on Ssangyong's plan was delayed due to foreign creditors' disagreement on the plan.   "It is very regretful that the plan was rejected," Lee Yoo-il, co-trustee of Ssangyong, told reporters after the meeting.   "We will do our best to get the ...]]></description>
<full-text><![CDATA[South Korea's Ssangyong Motor Co. failed to get an approval on its turnaround plan from creditors, thus delaying the court ruling on the plan to Dec. 11, a local court said Friday.   According to the Seoul Central District Court, its pre-planned ruling on Ssangyong's plan was delayed due to foreign creditors' disagreement on the plan.   "It is very regretful that the plan was rejected," Lee Yoo-il, co-trustee of Ssangyong, told reporters after the meeting.   "We will do our best to get the turnaround plan approved after having thorough consultations," he said.   Ssangyong, a former affiliate of China's Shanghai Automotive Industry Corp. (SAIC), turned in the rehabilitation plan to the Seoul Central District Court on Sept. 15.   The plan was scheduled to be discussed in Friday's meeting between the court and Ssangyong's creditors and to go through a voting session.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[S Korea to enforce stricter regulation on cartel activities: FTC head ]]></title>
<news_id>6806513</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806513.html ]]></link>
<pubDate>2009-11-06 18:01:15</pubDate>
<description><![CDATA[South Korea plans to enforce stricter rules on domestic cartel activities in order to eliminate unfair practices in the market, head of the nation's antitrust watchdog said Friday.   "We plan to beef up regulatory efforts on cartel-related activities down the road," Chung Ho-yul, chief of the Fair Trade Commission, said at a local forum with business leaders.   Chung warned that some companies' habitual cartel activities may bring about a huge amount of penalties, once detected by foreign re ...]]></description>
<full-text><![CDATA[South Korea plans to enforce stricter rules on domestic cartel activities in order to eliminate unfair practices in the market, head of the nation's antitrust watchdog said Friday.   "We plan to beef up regulatory efforts on cartel-related activities down the road," Chung Ho-yul, chief of the Fair Trade Commission, said at a local forum with business leaders.   Chung warned that some companies' habitual cartel activities may bring about a huge amount of penalties, once detected by foreign regulators.   "The FTC is partly blamed since we were late in providing a correct guideline so that firms could have a chance to train themselves," Chung said.   Chung also said he plans to meet with leaders of major industries later this year or early next year to get straight on his point, as well as encouraging them on refraining from such activities.   Meanwhile, he also mentioned on the ongoing investigation into price fixing allegations among liquefied petroleum gas (LPG) firms, saying the level of punishment is to be decided at a meeting next week.   The FTC head earlier said at an annual audit that the size of the fine on the firms would reach around 1 trillion won (856.1 million U.S. dollars).  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[S Korea to enforce stricter regulation on cartel activities: FTC head ]]></title>
<news_id>6806513</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806513.html ]]></link>
<pubDate>2009-11-06 18:01:15</pubDate>
<description><![CDATA[South Korea plans to enforce stricter rules on domestic cartel activities in order to eliminate unfair practices in the market, head of the nation's antitrust watchdog said Friday.   "We plan to beef up regulatory efforts on cartel-related activities down the road," Chung Ho-yul, chief of the Fair Trade Commission, said at a local forum with business leaders.   Chung warned that some companies' habitual cartel activities may bring about a huge amount of penalties, once detected by foreign re ...]]></description>
<full-text><![CDATA[South Korea plans to enforce stricter rules on domestic cartel activities in order to eliminate unfair practices in the market, head of the nation's antitrust watchdog said Friday.   "We plan to beef up regulatory efforts on cartel-related activities down the road," Chung Ho-yul, chief of the Fair Trade Commission, said at a local forum with business leaders.   Chung warned that some companies' habitual cartel activities may bring about a huge amount of penalties, once detected by foreign regulators.   "The FTC is partly blamed since we were late in providing a correct guideline so that firms could have a chance to train themselves," Chung said.   Chung also said he plans to meet with leaders of major industries later this year or early next year to get straight on his point, as well as encouraging them on refraining from such activities.   Meanwhile, he also mentioned on the ongoing investigation into price fixing allegations among liquefied petroleum gas (LPG) firms, saying the level of punishment is to be decided at a meeting next week.   The FTC head earlier said at an annual audit that the size of the fine on the firms would reach around 1 trillion won (856.1 million U.S. dollars).  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Nikkei gains in wary day's trade, NEC surges ]]></title>
<news_id>6806512</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806512.html ]]></link>
<pubDate>2009-11-06 18:00:41</pubDate>
<description><![CDATA[Japan's 225-issue Nikkei Stock Average rose 0.7 percent Friday gaining 71.91 points to 9,789.35, following a one-month closing low on Thursday.   Exporters, following positive results on U.S. employment data, made early gains and optimistic trade in the U.S. tech sector elevated domestic tech-shares. Buying stalled in afternoon trade however as market players opted to bank on earlier profits made.   The broader Topix index of all First Section issues on the Tokyo Stock Exchange closed at a o ...]]></description>
<full-text><![CDATA[Japan's 225-issue Nikkei Stock Average rose 0.7 percent Friday gaining 71.91 points to 9,789.35, following a one-month closing low on Thursday.   Exporters, following positive results on U.S. employment data, made early gains and optimistic trade in the U.S. tech sector elevated domestic tech-shares. Buying stalled in afternoon trade however as market players opted to bank on earlier profits made.   The broader Topix index of all First Section issues on the Tokyo Stock Exchange closed at a one-month low of 874.01.   Weekly jobs data released in the U.S. on Thursday revealed that the number of people filing jobless claims fell to a 10-month low last week, providing exporters with optimism about the pace of economic recovery, which paid off in gains made Friday.   The U.S. government will release key employment data later on Friday that analysts predict will reveal a better-than-expected unemployment situation, although markets remained comparatively circumspect ahead of the results.   Honda Motor Co. rose 0.5 percent to 2,800 yen, whilst Sony Corp., Japan's biggest television exporter, added 1.6 percent on the back of the U.S. reported lower-than-expected jobless claims and higher productivity. Canon Inc. was also amongst the advancers gaining 1.8 percent to 3,410 yen.   NEC Corp. surged 10.1 percent to 273 yen, following news that Japan's largest maker of personal computers plans to raise as much as 134 billion yen (1.5 billion U.S. dollars) by selling stock to help fund new businesses and pay off debt. The stock gained on positive speculation that the new funds will help the ailing company through the global economic downturn.   The company plans to sell as many as 537.5 million new shares to Japanese and overseas investors at a price to be determined between Nov. 18 and Nov. 20, NEC said in a statement Friday.   "The sale will likely help NEC improve financial strength, but its growth strategy needs to be clearer. The size of the deal is within market expectations," said Tomoyuki Fujii, an analyst at Okasan Securities Co.   Banking and financial sectors dipped Friday with Sumitomo Mitsui Financial Group losing 0.3 percent to 3,160 yen, whilst Mizuho Financial Group lost 1.1 percent to 179 yen. The nation's top lender Mitsubishi UFJ Financial Group closed flat, erasing losses made in earlier trade.   "Regulations are expected to be tightened, so financial companies have to raise capital to maintain their size. An excess supply of their shares will lead to sell-offs," said Kiyoshi Ishigane, a strategist at Mitsubishi UFJ Asset Management Co.   Sumitomo Trust and Banking Co. Ltd. and Chuo Mitsui Trust Holdings Inc. announced they are in merger negotiations, which if the amalgamation come to fruition, would create Japan's largest trust bank with "scale to better compete in the crowded asset management industry," according to analysts.   Sumitomo Trust dropped down 0.8 percent, whilst Chuo Mitsui lost 2.2 percent to 313 yen at Friday's close.   T&D Holdings Inc., Japan's biggest listed life insurer, plummeted 10.8 percent to 2,115 yen, after it registered to sell 120 billion yen (1.3 billion U.S. dollars) in new shares in a bid to shed its debt. The life insurance company was the biggest decliner on the Nikkei today.   "Japanese shares aren't rising compared to the rest of Asia be ]]></full-text>
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<title><![CDATA[Nikkei gains in wary day's trade, NEC surges ]]></title>
<news_id>6806512</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806512.html ]]></link>
<pubDate>2009-11-06 18:00:41</pubDate>
<description><![CDATA[Japan's 225-issue Nikkei Stock Average rose 0.7 percent Friday gaining 71.91 points to 9,789.35, following a one-month closing low on Thursday.   Exporters, following positive results on U.S. employment data, made early gains and optimistic trade in the U.S. tech sector elevated domestic tech-shares. Buying stalled in afternoon trade however as market players opted to bank on earlier profits made.   The broader Topix index of all First Section issues on the Tokyo Stock Exchange closed at a o ...]]></description>
<full-text><![CDATA[Japan's 225-issue Nikkei Stock Average rose 0.7 percent Friday gaining 71.91 points to 9,789.35, following a one-month closing low on Thursday.   Exporters, following positive results on U.S. employment data, made early gains and optimistic trade in the U.S. tech sector elevated domestic tech-shares. Buying stalled in afternoon trade however as market players opted to bank on earlier profits made.   The broader Topix index of all First Section issues on the Tokyo Stock Exchange closed at a one-month low of 874.01.   Weekly jobs data released in the U.S. on Thursday revealed that the number of people filing jobless claims fell to a 10-month low last week, providing exporters with optimism about the pace of economic recovery, which paid off in gains made Friday.   The U.S. government will release key employment data later on Friday that analysts predict will reveal a better-than-expected unemployment situation, although markets remained comparatively circumspect ahead of the results.   Honda Motor Co. rose 0.5 percent to 2,800 yen, whilst Sony Corp., Japan's biggest television exporter, added 1.6 percent on the back of the U.S. reported lower-than-expected jobless claims and higher productivity. Canon Inc. was also amongst the advancers gaining 1.8 percent to 3,410 yen.   NEC Corp. surged 10.1 percent to 273 yen, following news that Japan's largest maker of personal computers plans to raise as much as 134 billion yen (1.5 billion U.S. dollars) by selling stock to help fund new businesses and pay off debt. The stock gained on positive speculation that the new funds will help the ailing company through the global economic downturn.   The company plans to sell as many as 537.5 million new shares to Japanese and overseas investors at a price to be determined between Nov. 18 and Nov. 20, NEC said in a statement Friday.   "The sale will likely help NEC improve financial strength, but its growth strategy needs to be clearer. The size of the deal is within market expectations," said Tomoyuki Fujii, an analyst at Okasan Securities Co.   Banking and financial sectors dipped Friday with Sumitomo Mitsui Financial Group losing 0.3 percent to 3,160 yen, whilst Mizuho Financial Group lost 1.1 percent to 179 yen. The nation's top lender Mitsubishi UFJ Financial Group closed flat, erasing losses made in earlier trade.   "Regulations are expected to be tightened, so financial companies have to raise capital to maintain their size. An excess supply of their shares will lead to sell-offs," said Kiyoshi Ishigane, a strategist at Mitsubishi UFJ Asset Management Co.   Sumitomo Trust and Banking Co. Ltd. and Chuo Mitsui Trust Holdings Inc. announced they are in merger negotiations, which if the amalgamation come to fruition, would create Japan's largest trust bank with "scale to better compete in the crowded asset management industry," according to analysts.   Sumitomo Trust dropped down 0.8 percent, whilst Chuo Mitsui lost 2.2 percent to 313 yen at Friday's close.   T&D Holdings Inc., Japan's biggest listed life insurer, plummeted 10.8 percent to 2,115 yen, after it registered to sell 120 billion yen (1.3 billion U.S. dollars) in new shares in a bid to shed its debt. The life insurance company was the biggest decliner on the Nikkei today.   "Japanese shares aren't rising compared to the rest of Asia be ]]></full-text>
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<title><![CDATA[Japan's economy may be at a turning point: Cabinet office ]]></title>
<news_id>6806418</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806418.html ]]></link>
<pubDate>2009-11-06 16:30:00</pubDate>
<description><![CDATA[The Cabinet Office in Japan has said that data analyzed in the Indexes of Business Conditions from September may be signal "a possible turning point" for an economy that has experienced difficulties since the summer of 2008 in a report released on Friday.       The report measures activity in areas of the economy such as industrial production, power consumption and job offers, and in September, almost all measures posted small rises.       Most measures in the report, however, posted indices ...]]></description>
<full-text><![CDATA[The Cabinet Office in Japan has said that data analyzed in the Indexes of Business Conditions from September may be signal "a possible turning point" for an economy that has experienced difficulties since the summer of 2008 in a report released on Friday.       The report measures activity in areas of the economy such as industrial production, power consumption and job offers, and in September, almost all measures posted small rises.       Most measures in the report, however, posted indices of well below 100, the 2005 bench line from which the statistics are measured. Notably, the rate of job offers stands at 0.43, meaning there is less than one job offer for every two applicants.       The coincident index graph has been rising since April this year, when conditions were at their worst.       Japan's economy has suffered dire conditions since the credit crisis that originated in the United States hit its shores last year, but in recent months the manufacturing sector has started a slow recovery. Households, however, have yet to feel the benefits of the recent improvements.  &$<i>&$Source:Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Japan's economy may be at a turning point: Cabinet office ]]></title>
<news_id>6806418</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806418.html ]]></link>
<pubDate>2009-11-06 16:30:00</pubDate>
<description><![CDATA[The Cabinet Office in Japan has said that data analyzed in the Indexes of Business Conditions from September may be signal "a possible turning point" for an economy that has experienced difficulties since the summer of 2008 in a report released on Friday.       The report measures activity in areas of the economy such as industrial production, power consumption and job offers, and in September, almost all measures posted small rises.       Most measures in the report, however, posted indices ...]]></description>
<full-text><![CDATA[The Cabinet Office in Japan has said that data analyzed in the Indexes of Business Conditions from September may be signal "a possible turning point" for an economy that has experienced difficulties since the summer of 2008 in a report released on Friday.       The report measures activity in areas of the economy such as industrial production, power consumption and job offers, and in September, almost all measures posted small rises.       Most measures in the report, however, posted indices of well below 100, the 2005 bench line from which the statistics are measured. Notably, the rate of job offers stands at 0.43, meaning there is less than one job offer for every two applicants.       The coincident index graph has been rising since April this year, when conditions were at their worst.       Japan's economy has suffered dire conditions since the credit crisis that originated in the United States hit its shores last year, but in recent months the manufacturing sector has started a slow recovery. Households, however, have yet to feel the benefits of the recent improvements.  &$<i>&$Source:Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Toyota's Prius continues to dominate Japanese auto market]]></title>
<news_id>6806416</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806416.html ]]></link>
<pubDate>2009-11-06 16:11:50</pubDate>
<description><![CDATA[Toyota's Prius, which uses both gasoline and electricity, continued to dominate Japan's automaking sector, according to statistics released by the Japan Automobile Dealers Association (JADA) on Friday.       For a fourth consecutive month, the Toyota Prius was the most popular car in the country, selling 26,918 units in October. Sales of the Prius in October were more than four times higher than in the same month last year.       Meanwhile, Honda's Fit, a people carrier, remained in the seco ...]]></description>
<full-text><![CDATA[Toyota's Prius, which uses both gasoline and electricity, continued to dominate Japan's automaking sector, according to statistics released by the Japan Automobile Dealers Association (JADA) on Friday.       For a fourth consecutive month, the Toyota Prius was the most popular car in the country, selling 26,918 units in October. Sales of the Prius in October were more than four times higher than in the same month last year.       Meanwhile, Honda's Fit, a people carrier, remained in the second place for the fourth consecutive month, selling 15,444 units in October, 26.7 percent more than that in the same month last year. Honda has announced that it intends to release a hybrid version of the Fit in autumn next year, which could lead to a boost in its sales.       Another Toyota car, its compact Vitz, was third in October sales, moving 12,416 units through the month.       As concerns about the environment grow, the market for fuel efficient and environmentally friendly cars has grown in Japan and is likely to dominate the market over the next few years.   &$<i>&$Source:Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Toyota's Prius continues to dominate Japanese auto market]]></title>
<news_id>6806416</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806416.html ]]></link>
<pubDate>2009-11-06 16:11:50</pubDate>
<description><![CDATA[Toyota's Prius, which uses both gasoline and electricity, continued to dominate Japan's automaking sector, according to statistics released by the Japan Automobile Dealers Association (JADA) on Friday.       For a fourth consecutive month, the Toyota Prius was the most popular car in the country, selling 26,918 units in October. Sales of the Prius in October were more than four times higher than in the same month last year.       Meanwhile, Honda's Fit, a people carrier, remained in the seco ...]]></description>
<full-text><![CDATA[Toyota's Prius, which uses both gasoline and electricity, continued to dominate Japan's automaking sector, according to statistics released by the Japan Automobile Dealers Association (JADA) on Friday.       For a fourth consecutive month, the Toyota Prius was the most popular car in the country, selling 26,918 units in October. Sales of the Prius in October were more than four times higher than in the same month last year.       Meanwhile, Honda's Fit, a people carrier, remained in the second place for the fourth consecutive month, selling 15,444 units in October, 26.7 percent more than that in the same month last year. Honda has announced that it intends to release a hybrid version of the Fit in autumn next year, which could lead to a boost in its sales.       Another Toyota car, its compact Vitz, was third in October sales, moving 12,416 units through the month.       As concerns about the environment grow, the market for fuel efficient and environmentally friendly cars has grown in Japan and is likely to dominate the market over the next few years.   &$<i>&$Source:Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Australia's research and business ties with Asia declines: study ]]></title>
<news_id>6806406</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806406.html ]]></link>
<pubDate>2009-11-06 16:10:29</pubDate>
<description><![CDATA[Australia's research and business ties with Asia have experienced the largest decline in a decade, anew study revealed on Friday.       The Pricewaterhouse Coopers Melbourne Institute Asialink Index, released on Friday, also indicates Japan has reclaimed its position from China as Australia's largest trading partner.       The index measures Australia's links with 25 Asian economies in categories such as education, trade and migration.       The research and business development section of ...]]></description>
<full-text><![CDATA[Australia's research and business ties with Asia have experienced the largest decline in a decade, anew study revealed on Friday.       The Pricewaterhouse Coopers Melbourne Institute Asialink Index, released on Friday, also indicates Japan has reclaimed its position from China as Australia's largest trading partner.       The index measures Australia's links with 25 Asian economies in categories such as education, trade and migration.       The research and business development section of the index fell 10.3 percent, which is the largest fall since 1999.       It recorded a substantial fall in Australians making business visits to Asia and a drop in Asian business patenting in Australia.       The number of Asian tourists visiting Australia also fell by 7.7 percent in 2008.       Asialink chief executive Jenny McGregor said the drop in research and development relations has not damaged Australia's long-term positive links with Asia.       However, she stressed we cannot afford to become complacent.       "We do need to be concerned that research and business development has fallen significantly, especially with Japan, which recorded a drop of 28.3 percent last year," she said.       Japan accounted for almost one third of Australia's exports to Asia in 2008 and provided almost 17 percent of imports.   &$<i>&$Source:Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Australia's research and business ties with Asia declines: study ]]></title>
<news_id>6806406</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806406.html ]]></link>
<pubDate>2009-11-06 16:10:29</pubDate>
<description><![CDATA[Australia's research and business ties with Asia have experienced the largest decline in a decade, anew study revealed on Friday.       The Pricewaterhouse Coopers Melbourne Institute Asialink Index, released on Friday, also indicates Japan has reclaimed its position from China as Australia's largest trading partner.       The index measures Australia's links with 25 Asian economies in categories such as education, trade and migration.       The research and business development section of ...]]></description>
<full-text><![CDATA[Australia's research and business ties with Asia have experienced the largest decline in a decade, anew study revealed on Friday.       The Pricewaterhouse Coopers Melbourne Institute Asialink Index, released on Friday, also indicates Japan has reclaimed its position from China as Australia's largest trading partner.       The index measures Australia's links with 25 Asian economies in categories such as education, trade and migration.       The research and business development section of the index fell 10.3 percent, which is the largest fall since 1999.       It recorded a substantial fall in Australians making business visits to Asia and a drop in Asian business patenting in Australia.       The number of Asian tourists visiting Australia also fell by 7.7 percent in 2008.       Asialink chief executive Jenny McGregor said the drop in research and development relations has not damaged Australia's long-term positive links with Asia.       However, she stressed we cannot afford to become complacent.       "We do need to be concerned that research and business development has fallen significantly, especially with Japan, which recorded a drop of 28.3 percent last year," she said.       Japan accounted for almost one third of Australia's exports to Asia in 2008 and provided almost 17 percent of imports.   &$<i>&$Source:Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[PBC to maintain moderately loose monetary policy]]></title>
<news_id>6806245</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90859/6806245.html ]]></link>
<pubDate>2009-11-06 17:27:10</pubDate>
<description><![CDATA[Yesterday, at the Fifth Beijing International Finance Expo opening at the Beijing Exhibition Hall, nearly 130 financial institutions attended. Guo Qingping, assistant governor of People's Bank of China (PBC, China's central bank), stated at the opening ceremony that the central bank would maintain the moderately loose monetary policy , reasonably adequate liquidity, and enhance the sustainability of growing loans.   Australia's central bank rose the interest rate twice in a month, U.S. Fed dec ...]]></description>
<full-text><![CDATA[Yesterday, at the Fifth Beijing International Finance Expo opening at the Beijing Exhibition Hall, nearly 130 financial institutions attended. Guo Qingping, assistant governor of People's Bank of China (PBC, China's central bank), stated at the opening ceremony that the central bank would maintain the moderately loose monetary policy , reasonably adequate liquidity, and enhance the sustainability of growing loans.   Australia's central bank rose the interest rate twice in a month, U.S. Fed decided to keep the interest rate unchanged yesterday. Guo said that global economy has began to stabilize, the main economic indicators have turned around and market confidence has been restored. However, global trade continued to shrink, protectionism of trade and investment increased, the recovery of major economies and financial systems remains slow, unemployment rates were still very high, fiscal deficit level was in danger, the impact of financial crisis was far from being eliminated, and world's economy would face uncertainties in the future. Hence, the central bank would continue to implement the moderately loose monetary policy. But he also expressed that it was necessary to adjust the relationship between economic restructuring and inflation.  Wang Zhihao, chief economist of Standard Chartered Bank, said yesterday that China had noticed the inflation issue as implementing the moderately loose monetary policy. It can be expected that regulators' loan guidance scope would be expanded towards the special industries. It was reported yesterday that China Banking Regulatory Commission (CBRC) had urged banks to control real estate development loans. Wang forecasts that the central bank will intensify efforts to control credits at the end of December and may raise the benchmark interest rate twice at the end of Q1 and in Q2 as the signal for regulation.  &$<i>&$By People's Daily Online&$</i>&$ ]]></full-text>
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<title><![CDATA[Honeywell, CNPC to collaborate on biofuel projects]]></title>
<news_id>6806078</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90860/6806078.html ]]></link>
<pubDate>2009-11-06 17:24:03</pubDate>
<description><![CDATA[Honeywell has signed a memorandum of understanding with China National Petroleum Corp. (CNPC) to collaborate on multiple biofuel projects on Nov. 5.  These two companies will work together to evaluate the current biofuel projects and to produce environmentally friendly biofuels based on CNPC's facilities.   Sinopec will test the equipment that will be used in green diesel fuel production in its mass production bases. Honeywell and Sinopec will also collaborate to design green biofuel engines ...]]></description>
<full-text><![CDATA[Honeywell has signed a memorandum of understanding with China National Petroleum Corp. (CNPC) to collaborate on multiple biofuel projects on Nov. 5.  These two companies will work together to evaluate the current biofuel projects and to produce environmentally friendly biofuels based on CNPC's facilities.   Sinopec will test the equipment that will be used in green diesel fuel production in its mass production bases. Honeywell and Sinopec will also collaborate to design green biofuel engines.  &$<i>&$By People's Daily Online&$</i>&$ ]]></full-text>
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<title><![CDATA[Gold gains slightly, consolidating around record high]]></title>
<news_id>6805354</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6805354.html ]]></link>
<pubDate>2009-11-06 18:05:08</pubDate>
<description><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange ended a little higher on Thursday, fluctuating near the all-time high. Silver inched up, but platinum fell.       The most active gold contract for December delivery climbed 2 U.S. dollars, or 0.2 percent, to finish at 1,089.30 dollars an ounce, failing to set a new record high.       Analysts indicated that the Market is digesting some important news, including India central bank's purchasing 200 tons IMF gold and severa ...]]></description>
<full-text><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange ended a little higher on Thursday, fluctuating near the all-time high. Silver inched up, but platinum fell.       The most active gold contract for December delivery climbed 2 U.S. dollars, or 0.2 percent, to finish at 1,089.30 dollars an ounce, failing to set a new record high.       Analysts indicated that the Market is digesting some important news, including India central bank's purchasing 200 tons IMF gold and several interest rate decisions.       Following the Federal Reserve kept its benchmark rate unchanged at zero to 0.25 percent on Wednesday, the European Central Bank and the Bank of England held their main rates at 1 percent and 0.5percent respectively.       Investors are cautious ahead of another important economic data of employment which will be released on Friday. Nonfarm payrolls are expected to fall by 175,000 and the jobless rate will see a slight increase to 9.9 percent from 9.8 percent in September. This report will have great affects on dollar's trend.       December silver was up 0.5 cent to 17.41 dollars per ounce. January platinum lost 6.40 dollars to 1362.90 dollars an ounce.  &$<i>&$Source:Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[Gold gains slightly, consolidating around record high]]></title>
<news_id>6805354</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6805354.html ]]></link>
<pubDate>2009-11-06 18:05:08</pubDate>
<description><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange ended a little higher on Thursday, fluctuating near the all-time high. Silver inched up, but platinum fell.       The most active gold contract for December delivery climbed 2 U.S. dollars, or 0.2 percent, to finish at 1,089.30 dollars an ounce, failing to set a new record high.       Analysts indicated that the Market is digesting some important news, including India central bank's purchasing 200 tons IMF gold and severa ...]]></description>
<full-text><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange ended a little higher on Thursday, fluctuating near the all-time high. Silver inched up, but platinum fell.       The most active gold contract for December delivery climbed 2 U.S. dollars, or 0.2 percent, to finish at 1,089.30 dollars an ounce, failing to set a new record high.       Analysts indicated that the Market is digesting some important news, including India central bank's purchasing 200 tons IMF gold and several interest rate decisions.       Following the Federal Reserve kept its benchmark rate unchanged at zero to 0.25 percent on Wednesday, the European Central Bank and the Bank of England held their main rates at 1 percent and 0.5percent respectively.       Investors are cautious ahead of another important economic data of employment which will be released on Friday. Nonfarm payrolls are expected to fall by 175,000 and the jobless rate will see a slight increase to 9.9 percent from 9.8 percent in September. This report will have great affects on dollar's trend.       December silver was up 0.5 cent to 17.41 dollars per ounce. January platinum lost 6.40 dollars to 1362.90 dollars an ounce.  &$<i>&$Source:Xinhua&$</i>&$ ]]></full-text>
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