S&P Downgrades Egypt's Credit Ratings
Standard and Poor's (S&P) downgraded on Friday the long-term rating on Egypt from B+ to B due to sharp decline of foreign exchange reserves and political uncertainties. |
Chinese Shares Gain despite Falling Trade, Surplus
Speculation over a property market loosening outweighed worries that falling trade may slow the economy further on Friday, lifting Chinese stocks out of negative territory to a weekly gain for a fifth straight week. |
Guangdong to Crack down on Commercial Crimes
Officials of Guangdong Province, an economic powerhouse in south China, have urged to crack down on commercial crimes to maintain market order and a sound environment for market economy. |
Minsheng Bank Issues Bonds for Small Businesses
China Minsheng Banking Corp. Ltd., a commercial bank whose shareholders are mainly from private enterprises, on Friday started issuing its first batch of financial bonds this year to raise capital for loans to small businesses. |
Exports Drop First Time in 2 Years
China's exports dropped 0.5 percent year-on-year in January, the first decline in two years as a week-long holiday distorted trade figures, official data showed Friday. |
Confidence up on Strong Spending
Confidence among Chinese bankcard holders rose in January because they spent strongly during the 10 public holidays that month, an industry survey showed. |
Technology Transfers 'Won't Be A Precondition'
Foreign companies won't be forced to transfer technology to ventures with their local partners in order to gain access to markets in China, Commerce Minister Chen Deming said Thursday. |
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