SINGAPORE - Brent crude gave up most of its early gains and steadied above $58.50 a barrel on Tuesday, supported by data showing annual consumer inflation in top energy consumer China recovered last month while a firmer dollar kept a lid on prices.
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BEIJING - China's pension fund will come under tremendous pressure to break even in coming years and as such, the government needs to gradually raise the official retirement age to salvage the finances, a top official said on Tuesday.
BEIJING - China's consumer inflation quickened to 1.4 percent year-on-year in February, beating market expectations and recovering from a five-year low in January, but factory deflation worsened, underscoring deepening weakness in the economy.
09 Mar 2015
SYDNEY - The U.S. dollar held near multi-year highs on the yen and euro on Tuesday amid starkly different outlooks for global interest rates, while Asian investors braced for more economic news from China.
09 Mar 2015
BEIJING - China's biggest steel-producing region, Hebei, is paying "a huge price" for the country's war on pollution, the province's top Communist Party official said on Monday, days after the central government offered more financial support.
BEIJING - Foreign non-government organizations (NGOs) in China are bracing for a crackdown as the government prepares to pass a new law to regulate their activities, which critics fear could curb activism and drive out several groups.
HONG KONG/BEIJING - China's long-awaited international payment system to process cross-border yuan transactions is ready, and may be launched as early as September or October, three sources with direct knowledge of the matter told Reuters.
09 Mar 2015
BEIJING - A popular documentary on China's struggles with pollution was inaccessible on the country's video sharing websites on Saturday, sparking concern from Chinese Internet users that it had been censored within a week of its launch. |
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BEIJING - China plans to enact specific legislation to fight corruption, the head of the country's parliament said on Sunday, as the government continues its campaign against graft.