介绍:
China to Restart Initial Public Offerings
China's securities regulator says it is going to resume initial public offerings after a four-month hiatus.
The initial public offering market was suspended in July in the wake of a stock market rout starting from mid-June.
The China Securities Regulatory Commission added that it will give IPO approval to 10 companies in the next two weeks.
The news of the resumption of public listings comes on the heels of a technical rebound in the A-share market.
China's JD.com Sues Alibaba's Tmall over Unfair Competition
A court in Beijing has agreed to hear an unfair competition lawsuit launched by e-commerce firm JD.com against Tmall.com.
JD.com is accusing Tmall of exaggeration on some of its outdoor and newspaper ads in September that promised same-day delivery in Beijing.
JD.com says only people living in certian parts of the city are eligible to get the service, and only on items ordered before a certain time of the day.
The company notes many people still have to wait until the next day to get their packages.
JD.com is demanding Tmall stop posting the ads and release a statement admitting they had been deceptive.
Alibaba, which owns Tmall, has yet to comment on the suit.
The lawsuit comes after the State Administration for Industry and Commerce formally accepted JD.com's request to investigate Alibaba for possible unfair promotional practices.
JD.com claims Alibaba is "forcing merchants" to choose to deal exclusively with one e-commerce site for their promotional activities.
Alibaba has denied the accusations.
Chinese Infant Formula Plant Launched in New Zealand
China's Yashili New Zealand Dairy Company, a subsidiary of China's Yashili International Holdings and Mengniu Dairy Compay, has opened an infant formula plant Pokeno, south of Auckland.
The 145 million U.S. dollar plant which was constructed over three years, will produce formula for the Chinese market.
The new plant will employ 85 staff and have an annual production capacity of around 52-thousand tons of formula product.
Shipments are expected to begin early next year.
China is the fastest growing dairy market in the world.
Its infant formula market is expected to grow to about 21 billion U.S. dollars by 2017.
China's Exports to Remain Flat, Imports to Fall This Year: Ministry of Commerce
The China Commerce Ministry has forecasts that exports this year are expected to remain generally flat, while imports may fall substantially.
A report released on Thursday shows foreign-trade growth fared well with a smaller drop than the global average and most major economies.
For the first three quarters, foreign trade dropped 7.9 percent year on year to some 18 trillion yuan, or 2.8 trillion U.S. dollars.
The report said the drops were due to the sluggish global economy, high costs and slumping commodity prices.
It also points out China will face complex global conditions, subdued international market demands and increasing trade frictions next year.
However, China is likely to post faster growth than the global average and hold a bigger share of the international market thanks to opening-up policies such as the Belt and Road Initiative and overall economic restructuring.
BoE Benchmark Interest Rate Unchanged at 0.5 Pct
Anchor
Britain's central bank has kept the benchmark interest rate at the record low of 0.5 percent, where it's been for the last six-and-a-half years.
The Bank of England's Monetary Policy Committee voted by 8 to 1 to keep the rates unchanged.
The bank put its decision down to sluggish growth in developing markets and lower energy costs.
It also noted that inflation would remain below the bank's target rate of two percent.
For more on this, CRI's Lincoln Van der Westhuizen spoke to Terrill L. Frantz, Assistant Professor of Management & Director of Global Development at Peking University's HSBC Business School.
Back anchor
Terrill L. Frantz, Assistant Professor of Management & Director of Global Development at Peking University's HSBC Business School speaking with CRI's Lincoln Van der Westhuizen.
Nicaragua Gives Green Light to Canal Project
Nicaragua has given the green light to a new canal project linking the Pacific with the Atlantic.
The Inter-oceanic Grand Canal Commission has given the go head for Hong Kong-based firm HKND to start the structural and construction design phase of the project.
The 50 billion-U.S.-dollar project is being built in the country's southwest region.
It will rival the Panama Canal when completed in 2019.
The 278 km-long canal will be able to accommodate cargo ships with a maximum capacity of 18-thousand shipping containers.
It is expected to potentially turn Nicaragua into a Central American trade hub.
Toyota Won't Use Takata Inflators Made with Ammonium Nitrate
Japanese automaker Toyota Motor says it will no longer use Takata's inflators containing ammonium nitrate but would consider other Takata inflators as long as they were safe.
Despite this, Toyota says it will not abandon Takata as a supplier of air bag inflators.
Regulators say Takata's inflators, which use ammonium nitrate as a propellant, can explode with too much force and spray metal fragments inside the car.
The defective inflators have led to the recall of tens of millions of vehicles worldwide.
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