Brent Steady On Promising Global Appetite
Brent crude oil (BNO, quote) was steady above $108 as encouraging data from the world’s top two consumers helped raise the global demand outlook.
China
13.5 GW Of Solar PV Estimated For China This Year
IHS, a market research group, has updated its forecast for China and estimated that China will install about 13.5 GW of solar PV this year. Approximately 4 GW of that will be distributed PV, based on updated projections made after a poor first quarter…
New home sales weak on sluggish pace
New home sales in Shanghai remained below the 200,000-square-meter threshold for the seventh consecutive week in a local market still beset by sluggish momentum.
China’s Windows 8 ban catches Microsoft off guard
China’s (FXI, quote) ban on Microsoft Corp’s Windows 8 operating system in new government computers was “extremely unexpected”, the US software giant said.
Baidu sets up research lab in Silicon Valley
China’s (FXI, quote) largest search engine provider Baidu Inc has set up an artificial intelligence laboratory in Silicon Valley in the United States to boost its research work to catch up with Internet giants like Google and Apple.
China Moves Forward With Free Trade
China moves forward on its Free Trade initiatives by setting up “pilot zones” in several regions. The announcement came overnight from the office of Long Guoqiang at the General Office of the Development Research Center or DRC.
GSK probe reveals bribes and lies
The bribery investigation of GlaxoSmithKline (GSK, quote) China (FXI, quote) has been completed and the case handed over to prosecutors, Changsha police said on Wednesday.
Yuan fall ‘dictated by market’
Recent falls in the yuan exchange rate against the US dollar are based entirely on market forces, a senior official said on Tuesday after Premier Li Keqiang met with visiting US Treasury Secretary Jacob Lew.
China’s April fiscal revenue rises 9.2 pct
China’s fiscal revenue climbed 9.2 percent year on year in April to reach 1.25 trillion yuan (202.92 billion U.S. dollars), the Ministry of Finance said on Monday.
Ahead of the Open
As we begin the first full week of trading for May one has to wonder if the old saying will hold true…”Sell and Go Away In May”.