Tag Archive
Tips On Sending Money To China
If you are planning a trip to China, the subject of cash has likely come up. You should not only find out about the country's currency, but also what form of money you should bring. Before you make a money transfer to China through any pathway, consider the possibilities so that you always have... »
Buying Gold Will Hedge Against Inflation
Gold is the go to money in times of inflation and economic crisis. Gold is a hedge against inflation. If you are saying to yourself right now that gold is not money, and that it is just a shiny relic that people wear around their necks, then you are dead wrong. »
Why You Should Buy Gold During Inflation
It is important to note several things if you are wondering how to buy gold. First, as governments over print paper currencies around the world, we are all losing value by holding dollars. Second, we are experiencing criminal activity on Wall Street, and the manipulation of gold prices by our government to help sustain... »
UN faces a a $1.5 billion gap in budget
The United Nations is expected to face a staggering $1.5 billion gap in its annual budget for the financial year 2008-09. This deficit is seen as a direct outcome of the raging recession in the member countries contributing the most to UN’s annual budget, United States, Britain, China and Germany. Under-Secretary-General for Management, Angela... »
Nokia bags $1.76 billion deal with China PTAC
Nokia signed a 2009 framework deal on Monday worth USD 1.76 billion with China PTAC, the top phone distributor in China, to supply handsets in the country. However the value of the deal between the two declined from the previous year’s figures of USD 2 billion. The deal last year was valued at USD... »
China’s exports fall
China’s model of export-led growth suffered a severe blow as exports fell for the first time in seven years, reveals customs data for the month of November. The latest data also shows that predictions about China’s ability to act as a counter-force against the world economic slowdown may prove untrue. While exports have fallen... »
Asian shares fall; central banks to slice rates
Asian shares fell recently with more bad news expected for the global economy. As dollar and yen steadies its stand, central banks in the UK and Europe are also cutting down their interest rates; possibly the lowest say experts. An outbreak of government measures in recent months is also aiming at stabilizing financial markets... »
China to give Cambodia $215 mln to build roads
According to sources, China has decided to give Cambodia aid and loans worth $215 million for road construction. It is believed that the two countries have also agreed to step up trade relations between them. With this collaboration, trade is expected to reach the $1 billion mark by 2010 from the previous figure of... »
China Brings Down Interest Rates Still Further
For the third time in six weeks, China’s central bank cut the benchmark deposit and lending rates bringing it down by a further 0.27% on Wednesday. The People’s Bank of China announced on Wednesday that from now on one-year bank loans will cost 6.66% as compared to the earlier cost of 6.93% while the deposit... »
