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• 2009-11-01Chinese currency hits new high against U.S. dollar

  China's currency, the yuan, hit a new high against the U.S. dollar on Wednesday, breaking the 7.30 mark to reach a central parity rate of 7.2996 yuan to one dollar. The yuan, also known as the renminbi, went up 50 basis points from Friday, the last trading day in 2007. The Chinese currency had a… …[ Details ]

• 2009-11-01Cyprus Entered the Euro-zone

  Cyprus entered the euro-zone on 1st January 2008, replacing the Cyprus pound. To mark the occasion the Ministry of Finance hosted a special ceremony attended by President Tassos Papadopoulos. The introduction of the euro in Cyprus marks the beginning of a new era for the Republic, full of hope a… …[ Details ]

• 2009-11-01Sinopec to complete refinery by January

  Sinopec Group will complete the construction of a 12.5 billion yuan refinery in Qingdao in East China's Shandong Province by the end of January, a move to further tap rising demand. The project is designed to process 10 million tons of crude annually. It will produce 7.6 million tons of refined oi… …[ Details ]

• 2009-11-01Chinese currency hits new high against U.S. dollar

  China's currency, the yuan, hit a new high against the U.S. dollar on Wednesday, breaking the 7.30 mark to reach a central parity rate of 7.2996 yuan to one dollar. The yuan, also known as the renminbi, went up 50 basis points from Friday, the last trading day in 2007. The Chinese currency had a… …[ Details ]