International Business Opportunities

China’s banking regulators may raise large commercial banks’ capital adequacy ratio to 11.5 percent from an earlier 11 percent level, people familiar with the matter confirmed.
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France’s Sodexo is looking at double-digit revenue growth in India and China over the next couple of years, even as corporate spending in the United States remains weak, Chief Executive Michel Landel told Reuters on Friday.
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The new OR62.7m clinker manufacturing plant of Oman Cement is planned to go into operation in the second quarter of this year, Oman Daily Observer has reported. The project is expected to boost the company’s clinker production capacity by 4,000 tonnes per day, and reduce the company’s procurement level of imported clinker, which will result in a major cost reduction.


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Egypt’s Oriental Weavers has approved the acquisition of local start-up textile company, Rosetex for EGP39.5m, as demand in its export markets picks up, Reuters has reported. The world’s largest machine woven carpet producer is financing the acquisition in full, and expects Rosetex’s operations to commence within a year.
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A memorandum handed to Prime Minister Manmohan Singh appealed for immediate action to repatriate undocumented Indians living at a location in Jeddah city of Saudi Arabia.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing sector stood at 52 percent in February, down 3.8 percentage points from January 2010, the China Federation of Logistics and Purchasing (CELP) said on Monday.
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The China-Peru Free Trade Agreement took effect on March 1, China’s Ministry of Commerce (MOC) announced Monday.
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Shanghai has topped a list of China’s most competitive regions in a high-level national report for the fourth time.
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Home sales exceeded 6 trillion yuan last year, one-fifth of total gross domestic product
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Computing.co.uk Mar 1 2010 12:26AM GMT
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