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Business: Page 1346

Germany to bring back gold from U.S., France
GoldDecember 27, 2013 ET
Germany's Bundesbank plans to store half the national gold reserves in its own vaults by 2020. It will mean the return of 700 tons of the precious metal from the U.S. and France.
Broadband services to be expanded with $14.5m in New York State
New York broadbandDecember 27, 2013 ET
Empire State Development (ESD) has approved more than $14.5 million in New York State Broadband Grants to support nine projects that will expand access to broadband services for nearly 30,000 residents and more than 2,000 businesses.
China to overtake U.S. in 15 years
ChinaDecember 27, 2013 ET
China is expected to overtake the United States in 2028 to become the world's largest economy, according to a research by Center for Economics and Business Research (CEBR).
China wants to cut grains import to 5%
China cornDecember 27, 2013 ET
China is making unprecedented efforts to ensure grain security to feed the population of 1.3 billion: The government set a goal to keep a self-sufficiency rate of 95 percent for corn, rice and wheat.
Funding for NY college tours for low-income students
New York collegeDecember 27, 2013 ET
Governor Andrew M. Cuomo announced the availability of funding for college tours to provide low-income students from across the state an opportunity to experience college first-hand and increase their interest in continuing their education beyond high school.
India's exports to Iran skyrocketed
Basmati riceDecember 27, 2013 ET
After the "rupee payment mechanism" for trading with Iran kicked in last year, India's exports to the Persian Gulf country rose steeply, as Iran needs to buy goods from India to make use of the rupees that it gets for its oil exports.
Unemployment in France slightly increased
ParisDecember 27, 2013 ET
French Labour Ministry data showed that the number of people registered as out of work in mainland France grew by 17,800 in November to 3,293,000.
China's apparent oil demand decreased
China oil tankerDecember 27, 2013 ET
China's apparent oil demand in November fell by 2.1% to an average 9.9 million barrels per day (b/d) or 40.88 million metric tons (mt) versus year-ago data, according to a Platts analysis of China's latest government data.
EU to lead international counter piracy efforts in 2014
Somali piratesDecember 26, 2013 ET
From January 1, 2014 the European Union will assume for one year the chairmanship of the Contact Group on Piracy off the Coast of Somalia (CGPCS).
China dependent on natural gas import
Natural gasDecember 26, 2013 ET
China's dependency on natural gas imports will continue to increase as the country is trying to reduce its fossil fuel consumption and improve air quality, experts said.
U.S. soybean exports to China jumped
SoybeanDecember 26, 2013 ET
As of December 10, China had purchased 26 million metric tons of U.S. soy, primarily for use in China's growing edible oil and feed market. This is .5 million tons higher than China's U.S. soy imports for the entire 2012-2013 market year.
Holiday sales down for 3rd week
ShoppingDecember 24, 2013 ET
Last week was the last chance for procrastinators to finish last-minute holiday shopping, but the weather prevented many from getting to the stores.

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