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Business : Page 1404

Slower growth at China's major SOEs
BeijingJuly 17, 2014 ET
State-owned enterprises (SOEs) administered by China's central authority witnessed slower growth in operating revenue and profits in the first half of 2014.
Iran installs 5 South Pars platforms in 4 months
South ParsJuly 17, 2014 ET
Iran completed installing five offshore platforms in several phases of the giant South Pars gas field in the Persian Gulf waters in four months.
South Korea's oil imports from Iran double
South Korea Iran OilJuly 17, 2014 ET
South Korea's crude imports from Iran reached 604,402 tons in June, which is more than double in month-on-month scale, the country's customs data said.
Citrus production in Morocco increased 47%
Morocco citrusJuly 17, 2014 ET
According to the Moroccan Ministry of Agriculture, citrus production for MY 2013/2014 increased by 47 percent over MY 2012/2013, registering a record of 2.2 million metric tonnes (MT).
China to invest $101 billion in Pearl River
Pearl RiverJuly 16, 2014 ET
Pearl River-Xijiang River Economic Belt Development Plan of Guangxi Zhuang region has been approved by the State Council, a move expected to involve investment of 630 billion yuan ($101 billion).
Scab researchers seek $5 million from USDA
U.S. WheatJuly 16, 2014 ET
The U.S. Wheat & Barley Scab Initiative (USWBSI) submitted $5,030,830 in research projects to the U.S. Department of Agriculture’s Agricultural Research Service (ARS) for fiscal 2014.
U.S. retail sales rise modestly
U.S. retailJuly 16, 2014 ET
U.S. retail sales increased less than expected in June as receipts at automobiles dealerships surprisingly fell.
China's power consumption rises 5.3%
China power consumptionJuly 16, 2014 ET
China's power consumption rose 5.3 percent year on year in the first half of 2014, picking up slightly from the 5.2 percent growth in the January-May period, official data showed.
Sri Lanka's tourism industry grows 35.8%
Sri Lanka tourismJuly 16, 2014 ET
Earnings from Sri Lanka's lucrative tourism industry in the first five months of 2014 amounted to $901.8 million, a 35.8 percent rise over the same period last year, the central bank said.
Water-wasters in California to pay $500
California waterJuly 16, 2014 ET
California water regulators approved fines of $500 for washing cars, watering lawns or hosing down sidewalks after finding out that residents have increased consumption despite calls for cutbacks.
India's CPI eases to 7.31% in June
India street marketJuly 16, 2014 ET
India's retail inflation based on Consumer Price Index (CPI) declined to 7.31 percent in June from 8. 28 percent in May, helped by moderation in food prices, government data showed.
Drop in Brazil farm machinery sales accelerates
Brazil tractorJuly 16, 2014 ET
Sales of agricultural machinery in Brazil came in at 5,398 units in June, down 21% year on year, according to Fenabrave, the country's vehicle distributors' association.

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