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Chinese trade gap shrinks giving it ammunition in battle with the G20

first_img Share Monday 14 February 2011 8:33 pm Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap whatsapp CHINA’S trade surplus fell to its lowest in nine months in January after imports surged, supporting the government’s case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.The trade surplus shrank to $6.5bn (£4.1bn) from $13.1bn in December, well short of forecasts for a $10.7bn gap.Global stocks and commodity prices climbed higher, with the surprisingly strong imports highlighting China’s massive appetite for raw materials and its solid export growth hinting at solidifying recoveries in the US and European economies.In the past, a weaker surplus would have caused concern for the Chinese government, but more recently it has been trying to shift the economy toward greater reliance on consumption and less on exports, in part to address critics who say that its success has come at the expense of other countries.It was the third consecutive month of a declining trade surplus, and though not enough to mark a definitive change, that streak provides a symbolic boost to China before the G20 meeting this week of finance ministers from the world’s biggest developed and developing economies.Analysts warned, however, that its surplus could rebound later this year. “There tends to be a seasonal pattern and there is generally a decline in the trade surplus at the beginning of the year,” said Jian Chang, an economist with Barclays Capital in Hong Kong. “Exports tend to be weak in the first quarter, while there is no such pattern in imports.”The G20 meeting in Paris on 18 and 19 February will try to hash out a gameplan for tackling global economic imbalances. whatsapp Tags: NULL KCS-content Chinese trade gap shrinks giving it ammunition in battle with the G20 Show Comments ▼last_img read more

NMBZ Holdings Limited (NMB.zw) 2006 Annual Report

first_imgNMBZ Holdings Limited (NMB.zw) listed on the Zimbabwe Stock Exchange under the Banking sector has released it’s 2006 annual report.For more information about NMBZ Holdings Limited (NMB.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the NMBZ Holdings Limited (NMB.zw) company page on AfricanFinancials.Document: NMBZ Holdings Limited (NMB.zw)  2006 annual report.Company ProfileNMBZ Holdings Limited is a registered financial-services holding company in Zimbabwe; operating in the retail and commercial banking sector aswell as treasury, international banking and corporate finance through its principle subsidiary NMB Bank Limited. A second subsidiary, Steward Holdings (Private) Limited, is an equity holding company. Formerly known as National Merchant Bank of Zimbabwe Limited, NMB Bank Limited was established as a retail banking institution in 1992 by a group of Zimbabwe entrepreneurs who had held senior positions in renowned international financial institutions such as the World Bank and the International Finance Corporation. It was granted a commercial banking license in 1999 which enhanced its funding capacity and extended it product offering. NMB Holdings Limited is listed on the Zimbabwe Stock Exchange and London Stock Exchangelast_img read more