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CHICAGO, Aug. 25 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange on Thursday bounced off the biggest drop since March 2008, as the weakness in stock market enhanced appeal of gold as a safe-have investment.The most active gold contract for Dec. delivery gained 5.9 U.S. dollars, or 0.3 percent, to 1,763.2 dollars per ounce. The metal suffered on Wednesday the biggest one-day drop since March 19, 2008.Market analysts said that gold extended losses in earlier trading, hit by a margin-requirement increase, but the drop in global stock market gave a push to the metal. Both Dow Jones industrial average and S&P 500 declined on Thursday after a 3-day rise as a government report showed U.S. jobless claims rose last week.Besides, market hearsay went that Germany might be next to get a sovereign-debt downgrade, adding to the positive tone on gold market. German equity market also suffered sharp drop in the day.Many market watchers remained long-term bullish attitude toward gold although they said the precious metal could correct further in the short term. A trader noted that the fundamental factors driving uncertainty and fears are all still there.Expectations are growing that the Federal Reserve Chairman Ben Bernanke would not provide any form of stimulus in a speech scheduled for Friday at a yearly gathering of central bankers in Jackson Hole.Silver for Sept. delivery also rose 1.583 dollars, or four percent, to 40.745 dollars per ounce. Platinum for Oct. delivery lost 3.9 dollars, or 0.2 percent, to 1822.4 dollars per ounce.
BEIJING, Sept. 5 (Xinhua) -- China and the World Bank are jointly researching ways to help rebalance the world's second largest economy and move toward a path of sustainable growth under the current challenging global economic situation, said World Bank Group President Robert B. Zoellick on Monday.A report, jointly being prepared by the World Bank, China's Ministry of Finance, and the Development Research Center of the State Council, will be released later this year to support China in identifying the many challenges and policy choices it will face in the next two decades, as the country seeks to avoid the so-called "middle-income trap," a stage of economic development that has slowed progress in many countries, Zoellick said.Regarding this autumn as "a sensitive time facing the world's major economies," Zoellick said many countries, including the United States, the European Union and Japan, were facing the similar fundamental challenge of restructuring for sustainable economic growth."Perhaps the challenge is more difficult for China as the country has already made remarkable progress, and thus it's not easy to persuade people to make a change," he said.Commenting in Beijing on a weekend workshop with senior Chinese officials and outside experts, Zoellick said there was agreement that China will have to rebalance its economy, improve the environment, reduce inequality and advance the quality of life for its people while at the same time maintaining rapid growth."In the near term, inflation is China's priority, as Premier Wen Jiabao mentioned," Zoellick said, adding that the Chinese government was moving in the right direction, though it was too early to have the problem solved.In next 10 years, however, Zoellick said he could not imagine China continuing to rely on exports for growth, especially when developed economies have had difficulties recovering.By shifting away from an over-dependence on export-led growth to a greater reliance on domestic demand and investment, China could benefit not only itself but the world economy, he said.As China's 12th Five-Year Plan has pointed the way forward with what needs to be done, Zoellick said the ongoing research will try to help with the "how."He said the report will cover issues such as how China can complete its transition to a market economy; how to promote open innovation; how to advance green development; how to deliver equality of opportunity and social security to citizens; how to strengthen the fiscal system, and how China can become a responsible stakeholder in the international system.During his stay in China, Zoellick also visited the country's wasteland-turned-grain-producing-base in the northeast, including a farm, a rice mill, an agricultural research center and a modern agricultural machinery park, and learned about how this land transformation had affected local people's lives.As the world population is expected to hit 9 billion by 2050, Zoellick said the World Bank has been urging G-20 countries to prioritize food issues."China feeds 20 percent of the world's population with less than 10 percent of the world's agricultural land and less than six percent of its water, so China could make a significant contribution to global food security," Zoellick said.

SAN FRANCISCO, July 21 (Xinhua) -- Microsoft Corp. on Thursday posted strong quarterly earnings in its fourth fiscal quarter, with profit and revenue beating expectations from Wall Street analysts.For the quarter ended June 30, the world's largest software maker reported a net income of 5.87 billion U.S. dollars, or 69 cents per share, representing increases of 30 percent and 35 percent respectively when compared with the year-ago period.Revenue for the quarter was 17.37 billion dollars, up by 8 percent from the same period a year earlier.Wall Street analysts had expected a profit of 58 cents per share on a revenue of 17.23 billion dollars, according to Thomson Reuters.For the whole fiscal year, Microsoft reported a record revenue of 69.94 billion dollars, a 12 percent increase from the prior fiscal year. Net income for the year was 23.15 billion dollars, accounting for an increase of 23 percent.Among its business sectors, Microsoft Business Division revenue grew 7 percent for the fourth quarter and 16 percent for the full year. Over 100 million licenses of office 2010 have been sold so far, said the company.Primarily driven by growth in search revenue, the company's on- line services division revenue grew 17 percent for the fourth quarter and 15 percent for the full year. U.S. search share of Microsoft's search engine Bing increased 340 basis points year- over-year.Microsoft said revenue of entertainment and devices division grew by 30 percent for the quarter and 45 percent for the year.However, Windows and Windows Live revenue declined by 1 percent for the fourth quarter and decreased by 2 percent for the full year. Microsoft said estimated full-year revenue growth for the Windows division was in line with the sluggish PC market growth.
TAIPEI, Sept. 11 (Xinhua) - As the full moon emerged in the remote sky, families and friends, bringing their barbecue grills, meat, seafood and vegetables, gathered under the Dazhi Bridge nearby Jilong River, one of major barbecue sites for the Mid-Autumn Festival in Taipei.Many families came to the barbecue site as early as at 3 p.m. Sunday for preparation. A Taipei citizen surnamed Wu in his sixties brought all his 30 family members to the barbecue."Every year, our family come out for barbecue only at the occasion of Mid-Autumn Festival, because the festival is for family reunion," he said.He also brought some fireworks to celebrate the traditional Chinese festival.Together with Wu's family, hundreds of people gathered under the bridge for barbecue, an unique scene in Taiwan for the Mid-Autumn festival.Mooncakes are a traditional delicacy for the Mid-Autumn Festival, which falls on the fifteenth day of the eighth month on the lunar calendar, or Sept. 12 this year. The round mooncakes resemble the full moon, a symbol of family reunion in traditional Chinese culture as well as the major theme of the Mid-Autumn Festival.According to some local residents, in the 1980s several barbecue sauce companies competing for the market frequently organized fairs to promote barbecue-related products just before the Mid-Autumn festivals.Through the intensive promotion campaigns, barbecue eventually became a Mid-Autumn festival custom as important as eating mooncake in Taiwan.But mooncake and pineapple cake are still popular gifts for the traditional festival in Taiwan. Weeks ahead of the festival, the advertisements for different brands of mooncake and pineapple cake were carried on local newspapers.Between Ren'ai Road and Xinyi Road in downtown Taipei, there is a weekend flower market becoming one of the options for Taipei citizens to while off the Mid-Autumn Festival holiday.The flower market with 29-year history is in fact a parking lot during weekdays. But during the weekend, the 1.5-hectare area becomes one of the biggest flower markets in Taipei, with about 300 booths selling flowers and plants.A flower seller, surnamed Yang, said the number of buyers increased significantly on Saturday and Sunday, the first two days of the three-day Mid-Autumn Festival holiday and the sales rose by nearly 30 percent.The flower market also held an agricultural product fair on Sept. 10-12, on which tea, fruits and other agricultural products are sold.
BEIJING, Aug. 30 (Xinhuanet) -- The United Nations is warning authorities to be on high alert of bird flu as the virus appears to be returning.The UN Food and Agriculture Organization said in a statement Monday a mutant strain is spreading across parts of Asia, and there could be a spill-over to humans.However, it said at this stage, there's no need for any alarm.A mutant strain of H5N1, which can apparently sidestep defenses of existing vaccines, is spreading in China and Vietnam, it said.It said the variant of the virus appears able to side step Vaccines.The UN is concerned the new form of the virus could spread to Cambodia, Thailand and Malaysia, as well as the Korean Peninsula and Japan."Wild birds may introduce the virus, but people's actions in poultry production and marketing spread it," said FAO's chief veterinary office Juan Lubroth in urging greater preparedness and surveillance, according to media reports.Outbreaks of the virus peaked in 2006 before it was eradicated from most countries.
来源:资阳报