The annual consumer price index (CPI) of India has hit 7.65 per cent for January compared over a year ago, hinting efforts to moderate prices are working. Albeit higher than wholesale price index (WPI), the latest CPI likewise suggests a rate cut by the central bank might not occur sometime soon.
The Gold Administration Bureau of China on Tuesday has announced that gold making in the country's Xinjiang Uygur autonomous region in 2011 jumped by 15.18 per cent to register a new record high of 12.1 tonnes compared from a year ago.
U.S. retail giant Wal-Mart has ramped up its presence in the rising supermarket competition in China, adding to its portfolio local online seller Yihaodian.
Air Australia Director Assured Staff of Sound Business Hours Before Air Carrier Placed Under Administration
The 300 employees of shuttered Air Australia were given assurances through email by the company's director, Michael James, that the business was sound hours before it was placed on administration.