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Xi arrives in Berlin for state visit to Germany

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KIEV Hombre Nike Air Max 270 Camo Heel Baratas , March 12 (Xinhua) -- Ukrainian Finance Minister Natalia Jaresko said here Thursday that Ukraine will start debt-restructuring talks with its creditors on Friday.

"Tomorrow we will start consultations with our lenders on the restructuring of the state debt," Jaresko said, while speaking at the parliament.

If negotiations are successful, the public finances debt burden will ease, Jaresko said, without giving details on the targeted sum of debt restructuring.

According to various estimates Hombre Nike Air Max 270 Ocean Bliss Baratas , during the negotiations with its lenders, Kiev would seek restructuring from 15 billion U.S. dollars to 22 billion dollars of its state debt.

Earlier this month, Ukraine's central bank said the country's public debt reached 1.1 trillion hryvnyas (about 51 billion dollars) or 71.5 percent of the gross domestic product at the end of 2014.

The successful restructuring of the state debt is one of the key conditions set by the International Monetary Fund (IMF) for Ukraine to get the second tranche of a new aid program involving 17.5 billion dollars.

Under the program, approved on Wednesday, the IMF decided to allocate 5 billion dollars as a first disbursement for general budget support to the East European country.

Zhou Xiaochuan (center), head of People's Bank of China Hombre Nike Air Max 270 Grape Baratas , and Yi Gang (second from left), head of State Administration of Foreign Exchange, take questions from journalists from home and abroad during a press conference on March 12, 2015. [Jiang Xueqing chinadaily]

BEIJING, March 12 (Xinhua) -- Chinese central bank governor Zhou Xiaochuan said Thursday that China is sticking to the prudent monetary policy despite the use of a string of new monetary policy tools, hinting at policy flexibility to combat deflation risk and boost growth.

Zhou made the remarks at a press conference on the sidelines of the national legislature annual session Hombre Nike Air Max 270 Flyknit Oreo Negras Baratas , adding that compared with the large size of Chinese economy, the scale of those monetary policy tools is not big.

With an economic slowdown, the Chinese economy has entered a "new normal" era, but that means neither the economy is in a condition troubled by particular problems, nor the nation's monetary policy will shift gears, he said.

There will be some "flexibility" of the prudent monetary policy Hombre Nike Air Max 270 Luz Bone Baratas , he said.

China's gross domestic product expanded 7.4 percent last year, its lowest level of growth since 1990. The annual economic growth target for 2015 was set at around 7 percent.

When asked about the implications of the subdued price levels for monetary policy setting, Zhou said "enough attention should be given to inflationary pressure change and a long-term view should be taken."

The consumer price index (CPI) is the most important gauge of inflation pressure and the central bank "is closely following" the change of the CPI and producer price index (PPI), said central bank vice governor Yi Gang.

China's CPI grew 1.4 percent year on year in February. The reading quickened from the 0.8 percent gain in January, the lowest level in more than five years, but was lower than the inflation increase target at around 3 percent set in this year's government work report.

The deflation risk is a challenge facing the global economy Nike Epic React Flyknit Negras Baratas , and "the People's Bank of China (PBOC) is managing the liquidity when pursuing a prudent monetary policy," said Yi, adding that the combination of a proactive fiscal policy and prudent monetary policy is a good choice to cope with the current economic development.

CANBERRA, July 5 (Xinhua) -- An Australian research team on Wednesday claimed that they have narrowed the location of the missing MH370 flight down to just a fraction of the ocean search area previously explored by Australian, Malaysian and Chinese authorities.

Speaking at the Australian Marine Sciences Association (AMSA) national conference in Darwin, David Griffin Nike Epic React Flyknit Azul Baratas , head of the team from the Commonwealth Scientific and Industrial Research Organisation (CSIRO), said his team had continued analyzing drift modelling data well after the ocean search had concluded, estimating that the plane went down along the "seventh arc."

Griffin said, "There's a strong current crossing across the seventh arc at (a latitude of) 35 degrees south, so we think the plane crashed into that current going to the north-west ... That explains why debris didn't arrive in Australia."

In January, a joint statement from the governments of Australia Nike Epic React Flyknit Blancas Fusion Baratas , Malaysia and China said the ocean search for the missing Malaysian Airlines flight MH370 would be "suspended indefinitely" until "credible new evidence" came to light.

MH370 was a scheduled passenger flight bound for Beijing from Kuala Lumpur. It disappeared on March 8, 2014 with 239 passengers and crew on board.

During the ocean search operation which lasted for two years, authorities have combed a 120,000 square km patch of the Indian Ocean to no avail, with no sign of the plane yet to be found.

According to Griffin, the researchers buried themselves in satellite data to determine the exact sea level height on March 8 Mujer Nike Epic React Flyknit Gris Baratas , 2014 - when the jet disappeared - and from that, they were able to determine the direction in which ocean currents flowed.

"So that's the basis of how we know this current was flowing across the seventh arc at this time," Griffin said at the conference.

He said that the CSIRO - Australia's government-funded scientific agency - had passed on the information to the authorities in charge of the search of MH370, but the government has not yet mentioned whether or not the ocean search would resume.

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