Business News – Xinhua Headlines,Photos, Video

U.S. Fed announces further cut in monthly bond purchases

The U.S. Federal Reserve announced on Wednesday that it will continue to trim its monthly bond purchase program by 10 billion U.S. dollars to 25 billion dollars since August, staying on track to end the program later this year.

British rail operator National Express profits hit by weather and strikes

The Birmingham-based rail and bus operator National Express Group Wednesday announced its half-year profits shrunk by 21 percent after it was hit by freezing weather in the U.S. and strikes in Spain.

1.5 bln USD loss expected for Erste Bank in Q2: analysts

Austrian Erste Group Bank AG is expected to post a loss of about 1.5 billion U.S. dollars for the second quarter of the year, according to analysts' predictions revealed Wednesday.

•	U.S. private sector job growth slows in July: survey
•	Dollar rallies on strong U.S. growth data
•	U.S. stocks finish mixed after Fed policy decision
•	Gold falls on strong U.S. GDP data
•	Crude prices retreat on ample supplies

Sanctions against Russia to affect Finnish exports: Finnish Technology Industries

Sanctions against Russia will exert significant impact on the Finnish exports, estimated the Federation of Finnish Technology Industries on Wednesday.

Chinese companies sign up to 100-year Australian-Sino food partnership

Mining billionaire Andrew Forrest has reportedly signed up three of China's biggest food companies to join his radical push to revive Australia's farm sector and position the nation as China's largest supplier of agricultural products over the next 100 years.

Eurozone economic sentiment remains stable in July

The economic sentiment indicator (ESI) remained broadly stable in the euro area In July, according to an official EU survey released Wednesday.

China Economy >>

•	IMF says China's economy to grow 7.5 pct in 2014, stresses implementation of reforms

•	IMF says China's economy to grow 7.5 pct in 2014

•	China Focus: Richest cities lift property purchase limits

•	Interview: Macao's economy "doing very well," diversification remains crucial: IMF expert

•	Hong Kong shares up 0.27 pct by midday

Industries >>

•	British house price growth moderates to 0.1 pct in July

•	Singapore's Q2 jobless rate steady at 2 pct

•	Australia witnesses mobile broadband boom

•	China's Huawei shows interest in LatAm

•	Chinese companies sign up to 100-year Australian-Sino food partnership

World Economy >>

•	Singapore's total bank lending unchanged in June

•	Papua New Guinea gives 122 million USD aid to Pacific Island nations

•	Australia witnesses mobile broadband boom

•	Tokyo shares lose ground in profit-taking

•	Philippine gov't races to prepare for international events

Trade >>

•	HK records 19.9 bln HKD deficit in April-June

•	Gov't guidelines aim to protect New Zealand honey exports

•	Latvian companies urged to reorient to new markets following EU sanctions against Russia

•	U.S. private sector job growth slows in July: survey

•	Chicago corn, wheat futures up, soybeans down

Finance >>

•	Lloyds Banking Group sees big drop in pre-tax profit for H1 of 2014

•	Singapore stocks close 0.61 pct higher

•	Hong Kong stocks close 0.1 pct higher

•	Nikkei closes 0.16 pct. lower as investors opt for gains

•	Gold price closes lower in Hong Kong

Opinion >>

•	Study highlights growing economic split between northern, southern Italy

•	China Voice: Microsoft probe nothing more than routine

•	News Analysis: China stresses targeted policies to balance economy, risks

•	News Analysis: Upturn in UK mortgage lending no trigger for early Bank Rate rise

•	China Exclusive: Steelmakers grow, overcapacity worsens

Video >>

Interest rates increase on horizon in the U.S.?

China's self-made C919's key part rolls off production line

Crossover: IMF issues report on China’s economy

Why luxury products are hard to sell online in China

Biz China Weekly >>

July 21 - July 27

Foreign fast-food brands in China are in hot water following allegations that a Shanghai meat processing plant was supplying out-of-date meat and mislabeling expiration dates.

Special Reports >>

Brazil all set for World Cup semifinal against Germany

The Gini Coefficient of US in the Past Centry

China's economic figures in Q1 of 2014

Experts refute western gloomy views on China's economic slowdown

	100 Palestinians killed in deadliest day in Gaza

	China vows zero tolerance for GM rice

	East China city lifts home purchase limit

	Beijing public transport security stepped up

	Russia says OHCHR report on Ukraine biased

	Japanese war criminal confesses organizing forced labor, immigration

	UN chief stresses "critical importance" of ending hostilities in Gaza

	8 questions to Mr. Abe

	Microsoft faces anti-monopoly probe in China

	MH17 investigators fail to reach crash site