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  • Understanding the Rise and Fall of Urban Economies 31 Dec 2009 13:56 GMT
    ... I am generally a fan of the American Prospect and a ... the decline of unions and a cheap renminbi. This just isn’t so. Different policy choices ...

  • N. Korea bans foreign currencies 31 Dec 2009 13:30 GMT
    ... SEOUL, South Korea -- North Korea has banned the use of foreign currency, another sign its hard-line communist government is ... punishment for anyone using U.S. dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • Zhou Says 2010 Is Crucial Year for 'Defeating' Crisis 31 Dec 2009 12:55 GMT
    ... foreign capital and a record 9.21 trillion yuan ($1.3 trillion) of new loans in 2009 ... resist trading partners’ calls for a stronger Chinese currency. President Hu Jintao reiterated today that the ...

  • N Korea bans use of foreign currency 31 Dec 2009 12:52 GMT
    ... Agencies Seoul , Dec 31: North Korea has banned the use of foreign currency, another sign its hard-line communist government is ... punishment for anyone using US dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • China CITIC Bank to Issue CNY25bn Bonds in 2010 31 Dec 2009 12:33 GMT
    ... China CITIC Bank to Issue CNY25bn Bonds in 2010 BEIJING, ... been permitted by the board to issue renminbi subordinated bonds or hybrid capital bonds worth ...

  • North Korea bans use of foreign currency 31 Dec 2009 11:16 GMT
    ... Seoul: North Korea has banned the use of foreign currency, another sign its hard-line communist government is ... punishment for anyone using US dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • NKorea Bans Foreign Currencies in Clampdown 31 Dec 2009 11:12 GMT
    ... NKorea Bans Foreign Currencies in Market Clampdown North Korea ... Clampdown North Korea bans use of foreign currency as communist government tightens grip on economy ... punishment for anyone using U.S. dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • Trends to watch in 2010 31 Dec 2009 11:02 GMT
    ... WITH THE 2009 investment session wrapping up, I thought ... the U.S. dollar as the world’s reserve currency is a testament to this. It is ... euro, the yen, the dollar and the yuan. Sixth, I believe there is the potential ...

  • North Korea bans foreign currencies 31 Dec 2009 10:48 GMT
    ... Posted at: 12/31/2009 4:35 AM | WHEC.com (AP) SEOUL, ... Korea has banned the use of foreign currency, another sign its hard-line communist government is ... punishment for anyone using U.S. dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • NKorea bans foreign currencies in market clampdown 31 Dec 2009 10:47 GMT
    ... By JEAN H. LEE Associated Press Writer SEOUL, South Korea ... Korea has banned the use of foreign currency, another sign its hard-line communist government is ... punishment for anyone using U.S. dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • North Korea bans use of foreign currency 31 Dec 2009 10:46 GMT
    ... SEOUL, South Korea (AP) — North Korea has banned ... Korea has banned the use of foreign currency, another sign its hard-line communist government is ... punishment for anyone using U.S. dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • China's main stock index ends 2009 up 80 percent 31 Dec 2009 09:55 GMT
    ... On Thursday December 31, 2009, 3:50 am EST BEIJING ... this year by the government's 4 trillion yuan ($586 billion) stimulus and a surge in ... declined 0.4 percent to 14.09 yuan. In currency markets, China's yuan strengthened to 6.8268, up ...

  • NKorea bans foreign currencies in market clampdown 31 Dec 2009 09:52 GMT
    ... NKorea bans foreign currencies in market clampdown By JEAN ... Korea has banned the use of foreign currency, another sign its hard-line communist government is ... punishment for anyone using U.S. dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • North Korea bans foreign currencies 31 Dec 2009 09:52 GMT
    ... Updated Thursday, December 31, 2009 5:16 pm TWN, By ... Korea has banned the use of foreign currency, another sign its hard-line communist government is ... punishment for anyone using U.S. dollars, euros, yuan and other non-North Korean currencies. Foreign currencies ...

  • China's main stock index ends 2009 up 80 percent after stimulus, surge in bank lending 31 Dec 2009 09:42 GMT
    ... BEIJING (AP) - China's main stock index ended 2009 ... this year by the government's 4 trillion yuan ($586 billion) stimulus and a surge in ... declined 0.4 percent to 14.09 yuan. In currency markets, China's yuan strengthened to 6.8268, up ...


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Quote of the Day

"2010 will be a key year to solidify the economic recovery and overcome the international financial crisis."
— Chinese central bank Governor Zhou Xiaochuan

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8269
EUR 1 = CNY 9.8277

Hong Kong Dollar:
USD 1 = HKD 7.7550
EUR 1 = HKD 11.1638

Macau Pataca:
USD 1 = MOP 7.9878
EUR 1 = MOP 11.4988

Taiwan Dollar:
USD 1 = TWD 31.9850
EUR 1 = TWD 46.0440

USD 1 = EUR 0.6947
EUR 1 = USD 1.4395

Closing Stocks:
Shanghai A: 3,437.46(0.44%)
Shenzhen A: 1,261.26(0.61%)
Hang Seng: 21,872.50(1.75%)
Taiwan Taiex: 8,188.11(0.93%)

Country Info About China

Visit the World Factbook for detailed information about China.
 

This Day in History

Dec. 31

Taiwanese diplomats stroke their colors for the final time from the embassy flagpole in Washington, marking the end of diplomatic relations with the US.
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