Business Digest, March 1, 2013
Yuan deposits in Hong Kong climbed in January to within 0.5 per cent of a record as investors revived bets on the currency's appreciation given an improving outlook for economic growth on the mainland.
Yuan deposits in Hong Kong climbed in January to within 0.5 per cent of a record as investors revived bets on the currency's appreciation given an improving outlook for economic growth on the mainland. Savings rose 21 billion yuan (HK$26.2 billion) from December to 624 billion yuan, the Hong Kong Monetary Authority said. Bloomberg
Petrobras, the world's most indebted publicly traded oil company, is in talks with China's Sinopec to build a refinery in Brazil to meet growing demand, Brazil's energy minister said. The state-controlled crude producers are also in talks to form partnerships for oil block auctions in Brazil. Bloomberg
