Only for Guild Members » The two companies have been locke

RIO DE JANEIRO Nike KD 10 Australia , Dec. 29 (Xinhua) -- Construction work at Rio de Janeiro's Barra Olympic Park, the main venue cluster for next year's Olympic Games, has reached 95% completion, organizers said on Tuesday.


The complex will comprise nine venues that will host 16 Olympic and nine Paralympic events, in addition to the main press center and international broadcast center.


Meanwhile the Olympic and Paralympic Village, which will host nearly 14,000 athletes next year, is 97% ready according to Rio2016.


The Olympic Hockey Centre is 99% complete and the Youth Arena (for basketball, modern pentathlon and wheelchair fencing) 75% finished.


Work on the golf course and three X-Park facilities has already been completed.


The least advanced venues are the Youth Arena, which will host basketball and fencing (75%) and the velodrome (76%).


NEW YORK, Sept. 13 (Xinhua) -- The U.S. dollar rose onWednesday, as investors digested the newly-released producer priceindex.


The seasonally adjusted Producer Price Index for final demandadvanced 0.2 percent in August, said U.S. Labor Department in areport on Wednesday.


The index for final demand less foods, energy, and tradeservices increased 0.2 percent in August following no change inJuly. For the 12 months ended in August, prices for final demandless foods, energy, and trade services rose 1.9 percent, accordingto the report.


The dollar index, which measures the greenback against six majorpeers, was up 0.62 percent at 92.453 in late trading.


Meanwhile, investors also awaited Consumer Price Index (CPI) dueon Thursday. The data could affect Fed officials' decision on U.S.monetary policy.


Expectations for tighter monetary policy in the United Stateshave been dampened recently. Market expectations for a rate hike inDecember are 41.1 percent, according to the CME Group's FedWatchtool.


In late New York trading, the euro decreased to 1.1885 dollarsfrom 1.1967 dollars in the previous session, and the British pounddecreased to 1.3202 dollars from 1.3289 U.S. dollars in theprevious session. The Australian dollar decreased to 0.7984 dollarfrom 0.8026 dollar.


The dollar bought 110.51 Japanese yen, higher than 110.03 yen ofthe previous session. The U.S. dollar rose to 0.9647 Swiss francfrom 0.9599 Swiss franc, and it was up to 1.2199 Canadian dollarsfrom 1.2166 Canadian dollars. Enditem




BEIJING， Aug. 2 (Xinhua) -- Chinese on-demand mobility (ODM) firm Didi's takeover of the business of Uber China has triggered worries over potential monopoly and price hikes.


Didi announced Monday it was taking over Uber China， in a deal that could value the merged operations in China at 35 billion U.S. dollars.


Uber will take a 5.9 percent stake in Didi， which in turn did not disclose the stake it will take in Uber. Uber China's ODM service will continue to operate independently.


The deal follows China's recent legalization of ODM services.


Yang Jianhua， head of the Public Policy Research Institute of the Zhejiang Academy of Social Sciences， described the merger as "unexpected but reasonable."


"If the two companies continued to wage war against each other via discounts， both would be hurt，" Yang said.


The takeover， however， has fueled concerns from experts that a monopoly might hurt the market.


The deal is not subject to anti-monopoly review by the State Council as both have not made profits and Uber China's revenue did not reach the review threshold， Didi said.


However， the takeover would in fact create a monopoly as the two might have more than 90 percent of the market share in China， said Wu Weiqiang， vice president of the Hangzhou Institute for Reform and Development.


Monopoly could reduce competition and result in higher prices for more profits， said Zhou Hanhua， a researcher with the Chinese Academy of Social Sciences.


Passengers and drivers are also worried that they will lose benefits following the deal.


"I am worried about fewer discounts and higher fees，" said Wang Rong， a 27-year-old resident of Hangzhou， capital of east China's Zhejiang Province.


"I hope my salary will not decrease in the future，" said Shen Yangfei， a Hangzhou driver.


Ye Yun， a public relations representative for Didi， told Xinhua that discounts for passengers and drivers will continue "for a long time."


"On-demand taxi-hailing services have just started in China，" said Yang Jianhua. "There is very high potential in many aspects of this business."


The two companies have been locked in a bitter battle for customers in China marked by huge discounts since last year. Didi has strong capital support， while Uber has unique data processing technology and capital operations.


Uber is one of a few foreign tech firms that has been able to compete with domestic rivals head-on in China. While Didi has the majority of China's ODM services， Uber has managed to establish a fo