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Brazil Central Bank raises benchmark interest rate to 8%

Brazil Central Bank raises benchmark interest rate to 8%

Brazil announced a cut for the 2013 federal budget by $13. 65 billion last week.

China 2012 unemployment rate at 4.1%

China 2012 unemployment rate at 4.1%

China aims to keep the registered urban unemployment rate within five percent in the 2011-2015 period.

Majority of 14 votes for China in EU trade spat

Majority of 14 votes for China in EU trade spat

Germany and the UK are notably among the nations that are against EU measures.

Russia’s Arctic platform to cost $223mn

Russia’s Arctic platform to cost $223mn

The minister stressed that since other countries do not have such platforms, it will be a significant Russian break-through.

Kyrgyzgas sold to Gazprom for $1

Kyrgyzgas sold to Gazprom for $1

At the moment Kyrgyzstan does not produce natural gas and is wholly dependent on imports from Kazakhstan and Uzbekistan.

China’s April industrial output up 9.3%

China’s April industrial output up 9.3%

Profits in the petroleum and natural gas extraction businesses retreated 7.9 per cent year on year in the first four months.

Australia invests $35mn to reach China food market

Australia invests $35mn to reach China food market

The plan also entails a multi-million dollar research fund to understanding Asian appetites.

French firm wins gas contract in China

French firm wins gas contract in China

Operating in 80 countries across the world, Air Liquide posted net profits of $2 billion in 2012.

China inks FTA with Switzerland

China inks FTA with Switzerland

Bilateral trade volume remained as high as $26.3 billion last year.

India’s RIL & BP announce huge natural gas dicovery

India’s RIL & BP announce huge natural gas dicovery

The find may possibly be the largest single discovery in the country.