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DP World profits in 2018 up 5 pct to 1.2...
DUBAI, March 14 (Xinhua) -- Dubai Ports World (DP World) said on Thursday it achieved net profit of 1.27 billion U.S. dollars in 2018, with an annual increase of over 5 percent. "This robust performa
Tibet receives projects worth 20 bln yua...
A total of 2,806 projects involving 20 billion yuan (around 2.97 billion U.S. dollars), supported by partners across China, have been implemented in Tibet Autonomous Region since the 18th CPC Nation
China's reserve assets increases in 2018
BEIJING, March 29 (Xinhua) -- China's reserve assets increased by 18.9 billion U.S. dollars in 2018, the State Administration of Foreign Exchange said Friday.The country's current account surplus sto
China to cut social insurance contributi...
BEIJING, April 5 (Xinhua) -- China expects to slash the social insurance contributions of enterprises by over 300 billion yuan (about 44.6 billion U.S. dollars) this year, an official said Thursday.
China's tech giants throw hats into Indi...
As Chinese companies continue to grow and the internet market matures domestically, the Chinese tech giants are looking around for the next billion internet user market. The bordering country of Indi
Central gov't arranges 189 projects wort...
BEIJING, March 28 (Xinhua) -- The central government has arranged 189 projects worth 657.6 billion yuan (around 97.8 billion U.S. dollars) in Tibet Autonomous Region since 2016 when the State Council
China's new yuan loans expand in Februar...
BEIJING, March 10 (Xinhua) -- China's new yuan-denominated loans stood at 885.8 billion yuan (about 131 billion U.S. dollars) in February 2019, up 46.5 billion yuan year on year, central bank data sh
Norway's sovereign wealth fund loses 56....
OSLO, Feb. 27 (Xinhua) -- Norway's sovereign wealth fund posted a negative return of 485 billion kroner (56.4 billion U.S. dollars) in 2018 due to "volatile markets," the fund said on Wednesday. Equi
Filipino seafarers send home 6.14 bln US...
MANILA, March 3 (Xinhua) -- Filipino seafarers onboard foreign ocean-going vessels sent home a record amount of 6.14 billion U.S. dollars through the banking system in 2018, up 4.6 percent or 270 mil
China's coastal province Shandong unveil...
JINAN, March 13 (Xinhua) -- Transport authorities in east China's Shandong Province announced that it plans to invest 162.2 billion yuan (about 24.2 billion U.S. dollars) on roads, railways, ports an
Investment helps 537,000 people out of p...
Northwest China's Xinjiang Uygur Autonomous Region secured 33. 4 billion yuan (about 4.99 billion U.S. dollars) for poverty relief programs last year. The efforts have paid off. Data show that 537,0
Huawei books $8.8B profit for 2018 as co...
Despite an ongoing tussle with the U.S. government, signs look positive for Huawei. The Chinese firm just released its end of year report for 2018 and profit is up 25 percent to 59.3 billion CNY, or $
U.S. storage of working natural gas cont...
HOUSTON, March 28 (Xinhua) -- Working natural gas storage in the contiguous United States was 1,107 billion cubic feet (about 31.35 billion cubic meters) in the week ending March 22, a net decrease o
Lufthansa says its profits down by 4 pct...
BERLIN, March 14 (Xinhua) -- Adjusted earnings before interest and taxes (EBIT) of Lufthansa declined by 4 percent to 2.8 billion euros (3.2 billion U.S. dollars) in the fiscal year 2018, Germany's l
Egypt foreign debt hits 93.1 bln USD: ce...
CAIRO, Feb. 5 (Xinhua) -- Egypt's total foreign debt rose to 93.1 billion U.S. dollars by the end of September 2018, up half a billion dollars from the end of June 2018, the Central Bank of Egypt (CB
Chinese Ambassador to U.S.: 40 years of ...
After 40 years of diplomatic relations, the relationship between the U.S. and China is currently frayed.Trade tensions started last year when Washington put tariffs on Chinese goods worth 250 billion
Uber is expected to seek $10 billion in ...
Uber is reportedly making its S-1 publically available tomorrow, according to Reuters. According to the IPO paperwork, Uber will sell around $10 billion worth of stock, Reuters sources say. If true, U
Central bank continues to skip open mark...
BEIJING, March 22 (Xinhua) -- China's central bank continued to skip open market operations Friday, citing abundant liquidity in the banking system. As 20 billion yuan (about 2.99 billion U.S. dollar
China reports 1st forex settlement surpl...
China's commercial banks saw a net forex settlement surplus of 81.8 billion yuan (around 12.1 billion U.S. dollars) in January, official data showed. This marks the first surplus in seven months, com
Baidu beats estimates on strong growth i...
Chinese search engine operator Baidu beat Wall Street estimates for fourth quarter revenue and profit on Thursday, aided by strong growth in its online marketing business. Revenue for the segment ros
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