BERKELEY, Calif. - Americans love of chocolate has become a dark and bittersweet affair, and it took a former vintner to make it so. John Scharffenberger and Robert Steinberg launched the first U.S. chocolate manufacturing company in half a century, drawing heavily on Scharffenbergers refined palate and his past as a maker of sparkling wines. Together, they set out to do for dark chocolate what fellow Californian Robert Mondavi had done for wine demystify, democratize and domesticate it. Call...
China to continue buying US Treasuries - report
March 30, 2007 on 3:15 pm | In Currency |
BEIJING (XFN-ASIA) - China will continue to purchase US Treasuries after the new foreign exchange investment agency begins operations, The Standard reported, citing central bank vice governor Wu Xiaoling.
Asked yesterday in Basel, Switzerland whether China would continue to buy US Treasuries, Wu said: “Yes.”
She is attending the bi-monthly meeting of central bank governors from the Group of 10 nations.
China plans to set up an agency to help manage its currency reserves, modeling it on Singapore’s Temasek Holdings to create what will become Asia’s largest government-controlled investment fund.
Yesterday’s statement by Wu came as governor Zhou Xiaochuan confirmed that Lou Jiwei, former vice finance minister, will head the agency.
andrew.pasek@xinhuafinance.com
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