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Business: Page 1342

ASX to offer service settling in yuan
YuanFebruary 18, 2014 ET
Australia's securities exchange will offer a service settling trade in yuan as part of a venture with Bank of China. The settlement service will allow Australian companies to take or make payments with Chinese investment and trading partners through ASX Ltd.'s Austraclear infrastructure.
New Zealand retail sales miss expectations
New Zealand retailFebruary 18, 2014 ET
Retail spending in New Zealand increased in the fourth quarter, boosted by fuel retailing and clothing, footwear and accessories, but was below estimates.
U.S. consumer sentiment unexpectedly holds steady
U.S. consumer sentimentFebruary 17, 2014 ET
After reporting a drop in consumer sentiment in the previous month, Thomson Reuters and the University of Michigan released a report showing that sentiment unexpectedly held steady in February.
Increase in demand for permanent staff in Scotland
ScotlandFebruary 17, 2014 ET
January's Bank of Scotland Report on Jobs showed further marked increases in permanent and temporary staff placements. Driving job creation was a strengthening of demand for staff, with the latest rise in permanent vacancies a near-survey record.
China outlines strategy for energy sector
China green energyFebruary 17, 2014 ET
China's leading think tank has outlined a revamped energy strategy highlighting new energy and calling for industrial transformation.
Saudi non-oil exports increased 9.2 percent
Saudi exportFebruary 17, 2014 ET
Saudi non-oil exports rose by 9.2 percent to reach SR19.93 billion in December 2013 compared to the figures of the same period last year, according to a report by the Central Department of Statistics and Information (CDSI).
Tourism industry in Tunisia earned $126 million
Tunisia tourismFebruary 17, 2014 ET
Tourism industry revenues in Tunisia have exceeded 200 million dinars ($126 million) in January this year, up 1.3% from January 2013, according to the country's Tourism Ministry.
Brazil rations water in 140 cities
Brazil droughtFebruary 17, 2014 ET
More than 140 cities in Brazil have been pushed to ration water during the worst drought on record, according to a survey by Folha de S. Paulo.
App developers heading to 63 billion euros
RovioFebruary 14, 2014 ET
The EU's app sector has gone from zero to digital superhero in less than five years. By 2018 it could employ 4.8 million people and contribute 63 billion euros to the EU economy according to a report presented in Brussels.
IEA cut oil-consumption forecast for emerging markets
Oil consumptionFebruary 14, 2014 ET
The International Energy Agency (IEA) cut its oil-consumption forecast for emerging markets this quarter but said lost demand would be made up for by a resurgent U.S. economy in the course of the year.
Brazilian state-owned companies invested record sum
PetrobrasFebruary 14, 2014 ET
In 2013, government-owned companies in Brazil invested $47 billion, the highest sum since records started being kept, in 2000. This is 15.9$ more than in year before.
China trade surplus jumps in January
China trade surplusFebruary 14, 2014 ET
China's trade surplus jumped to $31.9 billion in January, easing concerns the world's second-largest economy may be stuck in a slowdown. The figure was up 14% from a year earlier and stronger than forecasts for a 23.7 billion surplus.

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