Business News – Xinhua Headlines,Photos, Video

Eurogroup approves 7.5-bln-euro bailout tranches for Greece

The Eurogroup President Jeroen Dijsselbloem announced late Monday that finance ministers of the eurozone had approved two bailout tranches of 7.5 billion euros (about 9.7 U.S. dollars) for Greece.

EU's Rehn calls for taking next steps over banking union

Olli Rehn, the European Union's (EU) economic and monetary affairs commissioner, late Monday called upon EU countries to take the next steps over the banking union.

China yuan advances to 6.2035 against USD Tuesday

The Chinese currency Renminbi, or yuan, gained 37 basis points to 6.2035 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading System.

•	Premier calls for less political power in market economy
•	China may postpone IPO resumption: report
•	Grade A office rents under pressure after years of rises
•	Luxury brands up service level as competition grows
•	Egypt's credit rating not to affect Islamic bonds application: minister

CDB loans 116 mln yuan to back poultry firms

China Development Bank (CDB), the country's policy lender, said on Tuesday that it has issued emergency loans worth 116 million yuan (18.7 million U.S. dollars) to help poultry firms cope with the impact of the H7N9 influenza.

Market to play bigger role, says Li

China will allow the market to play a bigger role in economic innovation, Premier Li Keqiang said on Monday at a State Council meeting on the reform of government.

Visa ready for China market opening

Visa Inc, the world's biggest card payments network, is gearing up to participate in yuan-denominated business in China, as regulators prepare to release rules facilitating foreign players to enter domestic market possibly as soon as July.

China Economy >>

•	Market to play bigger role, says Li

•	China's economic growth in 2013 expected to reach 8.2 pct: Morgan Stanley

•	China's fiscal revenue continues slow growth

•	China's retail sales growth accelerates slightly

•	China's fixed-asset investment up 20.6 pct in Jan-April

Industries >>

•	Volkswagen sales up on demands from China, North America

•	BMW recalls cars over airbag defects in China

•	China's Internet giants in acquisition spree

•	Air India to resume Dreamliner flights, says civil aviation minister

•	U.S. industrial gas supplier building Chongqing base

World Economy >>

•	U.S. stocks open mildly up after import prices data

•	Foreign investors keep Karachi bourse at fresh highs

•	5th European Economic Congress in full swing in Poland

•	Sharp expects to return to black in FY 2013

•	Japan's Sharp announces record annual loss for fiscal 2012

Trade >>

•	Cambodia-Japan trade volume up 14% in 3 months

•	Mexico ranks third-largest exporter of crude oil to U.S.

•	Lamb springs as New Zealand export hope after burger chain cuts it off menu

•	China launches anti-dumping probes on alloy-steel seamless pipes

•	German exports increase slightly in March

Finance >>

•	Singapore stocks end up 0.11 pct

•	Gold price closes higher in Hong Kong

•	Dutch retail trade turnover decreases in March

•	Taiwan stocks close 0.04 pct higher

•	HK stocks end 0.26 pct lower

Opinion >>

•	News Analysis: Bubble or not -- bond market harbors risks

•	News Analysis: Central banks rush to cut rates, but China stands firm

•	News Analysis: China's poultry prices to rise as H7N9 wanes

•	Ecipe director warns against protectionist measures by established tech firms

•	Policy fine-tuning needed to support China’s tepid economic recovery

Video >>

Int'l PV associations oppose trade barrier

Bailout fears for British bank

Jack Ma to resign as Alibaba CEO

Next WTO director says WTO at critical stage

Biz China Weekly >>

May 6 -- May 12

Economic date in April suggested China’s policymakers to continue fine-tuning policies to support the tepid economic recovery.

Special Reports >>

Global Financial Crisis

Focus on Nongfu Spring's water stardard disputes

World Economic Forum 2013

U.S. Fed expands QE3 to boost economy

	To lose weight or get heart broken?

	9-meter long "monster" washed up on NZ's coast

	China may postpone IPO resumption: report

	Campus Queen Contest in Japan

	At least 17 injured in Mother's Day shooting in U.S.

	Argentine ghost towntown resurfaces after 25 years under water

	Turkish PM blames Syria for border bombings \| Discuss

	Pakistan's Sharif invites Indian PM for oath-taking

	China's industrial output up 9.3 pct in April

	Nadal triumphs at Madrid Open