Citi forced to suspend sales in Japan

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Source: Marketwatch

Citigroup Inc. was forced to cease its financial product retail sales in Japan for 30 days for not providing adequate disclosure about risks in one of the retail units. The suspension will come in force since January 10, according to FSA. Citigroup Inc. also needs to submit plan of business enhancement till January 31.

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Fri, 16 Dec 2011 10:41:34 GMT

China's manufacturing is expected to remain below 50 in December

China's manufacturing is expected to remain below 50 indicating contraction, according to preliminary HSBC Purchasing Managers' Index. The index is expected to approach 49, being 1.3 points higher as final November's PMI of 47.7. Low PMI forces the government to change its growth-focused policies faster.

Fri, 16 Dec 2011 10:38:31 GMT

China aims Africa as new source of cotton

China plans to increase its efforts put in developing cotton-planting in four countries in Africa, reported the Ministry of Commerce. Analysts believe closer cooperation with Benin, Mali, Chad and Burkina Faso will help China to increase fairness of the cotton-trade conditions under the WTO requirements. China with supply African countries with seeds, fertilizers and machinery as well as enhance personnel training there.

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