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Thursday 20th of May 2010

News Tag: expand

May 11, 2010

Risk of China’s economy overheating as inflation surges

by Kay Murchie
Risk of China’s economy overheating as inflation surges
Chinese inflation continued to increase last month on the back of rising house and food prices. According to China's statistics bureau, consumer prices in April were up 2.8% on an annualised basis - the highest rate in 18 months, while house price inflation hit 12.8% - fuelled by new luxury housing in Shanghai. While the figure is still below the Government's ...



December 7, 2009

Surge in Chinese car sales and production

by Kay Murchie
”Surge
Chinese state media has reported that annual car sales and production in China has accelerated and topped the 12 million mark to the end of November. In addition, the Xinhua News Agency reported that the China Association of Automobile Manufacturers expects car sales and production to exceed 13 million units for the full year. China has never produced more than 10 million ...



October 26, 2009

Virgin Money continues its quest to become a bank

by Kay Murchie
”Virgin
Sir Richard Branson’s Virgin Money has applied to the Financial Services Authority (FSA) for a banking licence, which would enable the consumer credit arm of the Virgin Group to offer deposit accounts. The move comes at a time when consumers have lost confidence in existing High Street banks following the financial crisis and Sir Richard wants to take advantage ...



October 20, 2009

Chinese car production soars due to high demand

by Kay Murchie
”Chinese
Chinese state media has reported that annual car production in China has accelerated and topped the 10 million mark for the first time and is set to overtake the world's leading economies. Only the US and Japan (the world’s number one and two economies) have produced 10 million cars in a single year. China’s car industry has expanded rapidly ...



February 1, 2009

Post Office to expand banking services

by Kay Murchie
”Post
Business Secretary Lord Mandelson is understood to be in full support of extending financial services at the UK’s 12,000 Post Offices. The Department for Business Enterprise and Regulatory Reform (BERR), led by Lord Mandelson, is in favour of creating a 'People's Bank', which will see Post Office outlets as the backbone of a new national bank. Many believe the move will help to ...