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Euro buoyant on improved economic views,...
The euro was buoyant on Thursday after more evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with
Morgan Stanley leans on wealth managemen...
Morgan Stanley reported a nine-percent drop in quarterly earnings on Wednesday but managed to beat analyst estimates through slight growth in its wealth management business, as well as cost cuts. Sha
U.S. trade deficit hits eight-month low ...
The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump's “America First” agenda and economic growth in th
Chinese banks’ net forex sales narrow 50...
Net foreign exchange (forex) sales by Chinese banks narrowed 50 percent year-on-year in the first quarter of this year, and cross-border capital flows remained stable, the country's forex regulator s
BRI joint tax mechanism to enhance trade...
A new mechanism aimed at creating a morefavorable tax environment for enterprises and countries involved in China'sBelt and Road Initiative (BRI) has been established. Tax officials and expertsfrom d
BMW to recall over 360,000 vehicles in C...
BMW will recall 360,001 vehicles in China to replace defective airbags, according to a State Administration for Market Regulation statement. The recall, set to begin on August 30, involves 272,880 ve
Guangdong's industrial growth picks up i...
The total output of industrial enterprises above designated size in Guangdong Province grew by 6.5 percent year-on-year in the first quarter, the highest in nearly nine months, said the provincial st
Huawei reports strong Q1 performance
China's telecom giant Huawei on Monday announced strong results for thefirst quarter of 2019, with 179.7 billion yuan (26.80 billion U.S. dollars) inrevenue, an increase of 39 percent year-on-year. T
China's electricity consumption up 7.5 p...
China's electricity consumption hit 573.2 billion kWh last month, up 7.5 percent year-on-year, according to the National Energy Administration (NEA). Power use by the agricultural industry, the manuf
U.S. to announce end to sanctions waiver...
The United States is expected to announce on Monday that all importers of Iranian oil will have to end their imports shortly or be subject to U.S. sanctions, a source familiar with the situation told
China mulls tightening regulation of dru...
China is considering tightening regulation over the production and sale of drugs in revisions made to an amendment of the Drug Administration Law. The measures were made public as the draft revisions
Financial market 'pause party' makes Fed...
Risk-taking has been the rage since the United States Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs and investors are stockpiling the lowe
Data Tells: CPEC under BRI to further bo...
The China-Pakistan Economic Corridor (CPEC), from China's Kashgar to Pakistan's Gwadar, has managed to promote connectivity across Pakistan by a network of highways, railways, pipelines, and optical
Snap restarts user growth with original ...
Snap Inc's original shows and rebuilt Android app helped it add Snapchat users for the first time in three quarters and top analyst revenue forecasts, but that was not enough to push its shares much
SoftBank Group looks to buy 5 pct of pay...
Japan's SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter. SoftBank has engaged
UK employers fear Brexit hit to economy,...
British employers are most worried about the economy since the 2016 Brexit referendum, but they also plan to hire extra staff, according to a survey that showed the surprising strength of the job mar
China Unicom to launch 5G trial network ...
China Unicom will put in place uninterrupted 5G network coverage in major cities, according to its network deployment plan released Tuesday. The 5G network will cover Beijing, Shanghai, Guangzhou, Sh
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