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March 27, 2015
Indonesia's Widodo supports China-led investment bank
Beijing (AFP) March 26, 2015
Indonesian President Joko Widodo said on Thursday that his country is firmly behind a new China-backed regional investment bank and sees it playing a stabilising role. "Indonesia supports the AIIB and hopes it can be a tool for financial stability," Widodo said in a joint appearance with Chinese President Xi Jinping after they held talks, referring to the Asian Infrastructure Investment Bank. Britain, Germany, France and Italy are among Western countries expressing their intention to join the $5 ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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China denies seeking veto power in new bank
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EU slaps anti-dumping duties on China, Taiwan steel
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China approves three more free-trade zones
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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review
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24/7 News Coverage
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Cheap eurozone takeaway fuels Chinese appetites
The inexorable decline of the single currency offers ambitious Chinese firms a bargain buffet of eurozone business, analysts say, with this weekend's multibillion deal for Italian tyremaker Pirelli only the latest course in an acquisition binge. ... more
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'Made in China' tops EU list of unsafe products
From toy-shaped cigarette lighters to a short-circuting plush rabbit that catches fire, a European safety watchdog warned Monday of a growing number of dangerous products for sale, with most coming from China. ... more
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Switzerland, Luxembourg plan to join China-led development bank
Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China's finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States. ... more
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France, Germany, Italy to join China-led infrastructure bank
France, Germany and Italy on Tuesday announced plans to join the Chinese-led development bank AIIB, drawing concern in Washington which views the institution with scepticism. ... more
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Merkel urges closer tech ties with rising IT giant China
German Chancellor Angela Merkel on Sunday urged closer high-tech cooperation with China as she opened a major IT business fair where the Asian giant is the official partner country. ... more
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Commodities mostly drop on soaring dollar, China woes
Many commodities fell this week as the dollar struck a 12-year peak against the euro, with sentiment hit also by weak data in key consumer China. ... more
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Beijing welcomes Britain's move to join China-backed bank: govt
Beijing on Friday hailed Britain's announcement that it will seek to join a Chinese-led development bank, after Washington voiced caution about the move. ... more
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Australian miners brace for more pain as China slows
Australian miners are bracing for a tough year with economic powerhouse China cutting its growth target to a 15-year low, reinforcing a gloomy outlook for commodity prices that is hurting smaller players. ... more
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WTO to help settle Canadian trade rows with China, Taiwan
The World Trade Organization agreed Tuesday to create two expert panels to help settle Canadian rows with Taiwan and China over tariffs on steel pipes and cellulose pulp. ... more
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China February trade surplus hits record $60.6 bn: govt
China's monthly trade surplus hit $60.6 billion in February, the government said Sunday, a new record for the world's second-largest economy. ... more
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Scientists question rush to build Nicaragua canal
A consortium of environmental scientists has expressed strong concern about the impact of a controversial Central American canal across Nicaragua. The path of the Nicaragua Interoceanic Grand ... more
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Amazon sets up shop in China on Alibaba platform
US online retail giant Amazon has set up shop on the business-to-consumer platform of Alibaba as it seeks a greater presence in the massive Chinese market. ... more
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Standard Chartered bosses give up bank bonuses
Bosses at Standard Chartered have given up their bonuses after profits at the Asia-focused bank fell by more than a third last year. ... more
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Scientists question rush to build Nicaragua canal
An international consortium of environmental scientists - featuring leading researchers from 18 institutions in the United States and Central and South America - have voiced their opposition to the Nicaragua Interoceanic Grand Canal and the haste with which the project has been initiated. ... more
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China free trade zone a bust so far: US business survey
Nearly three-quarters of American firms in Shanghai say China's first free trade zone (FTZ) offers them no business benefits almost 18 months after it was established, according to a survey Wednesday. ... more
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Freight shipping prices sink on oversupply, China slowdown
Freight shipping prices have plummeted to a historic low, fuelled by a long-standing problem of too many ships and lower demand from China, but experts cautioned against seeing it as a warning on the global economy. ... more
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Space News from SpaceDaily.com
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WTO rules against China in row with EU, Japan over steel pipes
A WTO panel largely ruled Friday against China in its row with the European Union and Japan over Chinese anti-dumping duties on imports of steel pipes. ... more
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China Internet censorship hurts European businesses: survey
China's Internet restrictions are hurting European businesses operating in the country, a lobby group said Thursday, as controls over access to overseas websites are tightened under President Xi Jinping. ... more
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China premier asks Greece PM to deepen cooperation on port
Chinese Premier Li Keqiang has asked his Greek counterpart to support China's involvement in Greece's largest port, Beijing said Thursday, after Athens cancelled plans to privatise it. ... more
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Most US firms feel 'targeted' by China: survey
Most US firms in China feel "targeted" by authorities, a survey said Wednesday, as the government embarks on a series of high-profile investigations into foreign businesses. ... more
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Qualcomm to pay huge fine to settle China antitrust case
US mobile chip titan Qualcomm will pay nearly a billion dollars to end a long-running antitrust probe in China, the company said, in perhaps the biggest fine ever levied by Beijing in such a case. ... more
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Japan logs record-low current account surplus in 2014
Japan's current account surplus shrank nearly a fifth to a record low $22 billion in 2014, the fourth straight annual fall, as its trade deficit swelled amid a weak yen, official data showed Monday. ... more
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China January trade surplus a record high as imports, exports fall
China's monthly trade surplus rose 88 percent to reach a record 370 billion yuan ($59 billion) in January, data showed Sunday, as imports dropped sharply on lower commodity prices and sluggish domestic demand. ... more
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Democrats, Republicans urge Obama to arm Ukraine
US senators from both parties renewed calls Thursday for President Barack Obama to boost military aid to Ukraine, while criticizing Europe's approach to the crisis. ... more
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