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China to allow US auditors access to records of Chinese firms
BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...
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China central bank report promises financial sector reforms
BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...
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Circular economy investment up
Workers lay solar panels on a roof at Nanjing South Railway Station. China is giving attention to reducing energy consumption in industrial production. Dong Jinlin / for China DailyThe Chinese government will double its investment in the circular economy this year to 2 billion yuan ($300 million) to support the national policies of energy conservation and emission reduction, a senior official ...
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China to continue improvement of investment environment official
China will continue to facilitate foreign investment and enhance the protection of intellectual property rights in efforts to improve the investment environment, a senior official said Wednesday. "Improving investment environment and protecting the legal rights of foreign investors are not only the government's promises but also what the government is doing," Yu Jianhua, assistant ...
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Chinas investment does not match status as Australias top trade partner
China's investment in Australia does not match her status as the nation's largest trade partner, said Duan Jielong, China's Consul-General in Sydney on Tuesday. In a speech to Australia China Business Council (ACBC), Duan said as more and more Chinese companies come to Australia to invest, there seems to be some concerns about Chinese investment being too much and growing too ...
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Movie Review
The Godfather Part III [DVD]
"The Godfather ... is the first completely authentic modern myth in American cinema ..." Jake Horsley, The Blood Poets: A Cinema of Savagery, 1958-1999 ...
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Small firms set for relief from finance crunch
Small enterprises that have been facing capital shortages might get relief soon, if State-owned banks ease lending policies for such businesses, Hu Xiaoming, vice-president at Alibaba Group, said. Hu made the remarks on Wednesday in Beijing as Alibaba (China) Co Ltd and the National School of Development at Peking University jointly issued a report on small firms' management and financial ...
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Arellano banks on strong start to thrash JRU
MANILA, Philippines - James Forrester scored 21 points as quarterfinals-bound Arellano University beat Jose Rizal University, 83-67, to remain unbeaten against fellow NCAA teams Saturday in the FilOil Flying V Hanes Premier Cup at the Arena in San Juan. Forrester went 10-of-11 at the free throw line and also collected five rebounds and two assists for the Chiefs, who edged NCAA champion San ...
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Government of by and for the banks
Five years since the 2008 financial meltdown, the speculation and fraud that caused the crash are back in full force in the United States. Flush with the $85 billion in cash printed up and handed to the banks every month by the Federal Reserve, business at the Wall Street casino is booming. Stock values are at record levels and so are bank profits, amidst declining wages and mass poverty.Under ...
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Vet School Grads Get Financial Advice
Personal finance guru Suze Orman will give advice on debt and money management during a commencement speech today. Orman, who lives in Boca Raton, also has a personal reason for speaking: Her niece is one of the 87 students graduating from the college. Orman told The Associated Press that she plans to talk about student loan debt during her speech — and to advise the graduates to take the ...
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UPDATE 1-Perus Humala vows to prioritize investment after bump in road
Fri May 24, 2013 10:39pm EDT By Marco Aquino LIMA May 24 (Reuters) - Peruvian President Ollanta Humala said on Friday he will prioritize investments and speed up infrastructure projects after the economy hit a "bump in the road" with unexpectedly slow growth in the first quarter. Peru's economy slowed to expand 4.8 percent in the first three months of this year compared to the same ...
Reported in the press
We must define the nature and scope of this struggle, or else it will define us. Neither I, nor any President can promise the total defeat of terror. What we must do is dismantle networks that pose a direct danger.
Barack Obama
The U.S. president was speaking on his administration's counter terrorism policy.
Hotel Review
Crowne Plaza, Los Angeles International Airport
I needed a hotel overnight near LAX and decided on the Crowne Plaza, a 4 star recently-renovated business class hotel ...
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The Boy Scouts of America National Council has resolved to accept gay members. Do you agree with this policy?
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