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VW Finance sees boost from China reserves policy move

2015-08-28 11:09:02| Auto Dealers - Topix.net

When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday. Along with a cut in benchmark lending rates, the People's Bank of China cut the amount of reserves financial institutions need to hold by half a percentage point, but topped that up to 3.5 percentage points for auto financing.

Tags: policy china finance move

 

FTSE edges up as China recovery firms

2015-08-28 09:25:18| BBC News | Business | UK Edition

London's leading shares edge up in early trading, consolidating Thursday's rebound, as the Chinese stock market extends its recovery.

Tags: china recovery firms edges

 
 

China says will report pollution information from Tianjin blast site

2015-08-28 07:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: China's Environment Ministry has put in place a 24-hour monitoring system for pollutants from explosions this month at a port and will report accurate and timely data to the public, it said on Friday. The blasts at a warehouse storing chemicals in the port city of Tianjin, not far from Beijing, killed at least 145, and stirred public anger about persistently poor work safety standards and possible health risks from the incident. Speaking at a meeting, Environment Minister Chen Jining said environmental...

Tags: site information report china

 

From China to Christchurch

2015-08-28 03:42:41| Airlines - Topix.net

Despite cooling growth in China and a share market slump, China Southern is also increasing flights to Auckland moving to double daily year-round from October. China Southern Airlines is expanding into Christchurch with direct services to Guangzhou three times a week using a Dreamliner aircraft.

Tags: china christchurch

 

Nokia's China assets to become Nokia Shanghai Bell

2015-08-28 02:00:00| Total Telecom industry news

Finnish vendor hopes partnership with China Huaxin will help it with Chinese regulatory approvals for Alcatel-Lucent deal.

Tags: china nokia bell assets

 

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