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Covestro expects lower profits as compet...
BERLIN, Feb. 25 (Xinhua) -- Covestro is expecting a strong decline in profits for 2019. Earnings before interest, taxes, depreciation and amortization (EBITDA) are anticipated to fall to 1.5 to 2 bil
Locked shares worth 59 bln yuan eligible...
BEIJING, March 18 (Xinhua) -- Some 4.16 billion locked shares will become eligible for trade on the Shanghai and Shenzhen stock exchanges this week. Calculated with previous closing prices, the share
Central bank continues to skip open mark...
BEIJING, March 26 (Xinhua) -- China's central bank continued to skip open market operations Tuesday, citing abundant liquidity in the banking system. As 50 billion yuan (about 7.46 billion U.S. dolla
Australian gov't announces sweeping infr...
CANBERRA, April 1 (Xinhua) -- The Australian government has announced billions of dollars in funding for infrastructure projects nationwide ahead of delivering the federal budget. Treasurer Josh Fryd
Over 150 listed companies report profit ...
BEIJING, Feb. 12 (Xinhua) -- Some 154 listed companies have announced their preliminary estimates of last year as of Tuesday. Over 98 percent of them reported profits, according to statistics from Ch
Morocco's trade deficit rises by 8.6 pct...
RABAT, March 4 (Xinhua) -- Morocco's trade deficit increased by 8.6 percent to a total of 1.6 billion U.S. dollars in January, the foreign exchange regulator said on Monday. According to the statisti
Zambia's external debt up, finmin says e...
LUSAKA, March 12 (Xinhua) -- Zambia's foreign debt rose to 10.5 billion U.S. dollars at the end of December 2018 from 8.74 billion dollars at the end of 2017, said Finance Minister Margaret Mwanakatw
China sees rising FDI inflows in Jan-Feb
Foreign direct investment (FDI) into the Chinese mainland expanded 5.5 percent year-on-year to reach 147.11 billion yuan (about 21.69 billion U.S. dollars) in the first two months, the Ministry of Co
More locked shares to become tradable th...
BEIJING, March 24 (Xinhua) -- Locked shares from 26 listed companies will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.Calculated with previous closing pr
China fines environment polluters hefty ...
BEIJING, Feb. 26 (Xinhua) -- China's environment minister said Tuesday administrative fines amounting to 15.28 billion yuan (2.28 billion U.S. dollars) were slapped on firms, organizations and indivi
Grab plans to raise $6.5B this year to f...
Always be raisin’. That appears to be the motto of Southeast Asia’s ride-hailing companies Grab and Go-Jek.Fresh from closing a near-$1.5 billion raise from SoftBank’s Vision Fund a
China Construction Bank 2018 profits up ...
BEIJING, March 27 (Xinhua) -- China Construction Bank, one of the country's largest state-owned commercial banks, said Wednesday its 2018 net profits climbed 5.11 percent to 254.66 billion yuan (37.9
Israel's exports to China jump 19.8 pct ...
Exports of Israeli goods to China jumped by 19.8 percent in 2018, according to an annual report published on Thursday by Israel's Central Bureau of Statistics. According to the data, the total amoun
China court opens trial on massive fund-...
NANJING, April 1 (Xinhua) -- The trial regarding an online platform that illegally raised funds from the public and whose unpaid principals amounted to 30 billion yuan (4.4 billion U.S. dollars) bega
Welfare lottery sales hit 1.2 tln over 6...
BEIJING, April 1 (Xinhua) -- The total sales of China's welfare lottery tickets hit over 1.23 trillion yuan (183.7 billion U.S. dollars) between 2013 and 2018, official data said. More than 351.6 bil
China's rural policy bank supports fores...
China's rural policy bank has issued loans of 40.5 billion yuan (about 6 billion U.S. dollars) to help the country's forestry sector. Since the startup of such loan services in 2016, the Agricultural
Launching from YC, Eclipse Foods casts a...
Eclipse Foods may be the company that finally takes milk out of the dairy business.Ever since the acquisition of WhiteWave Foods by the French dairy giant Danone for over $10 billion investors have be
U.S. storage of working natural gas decr...
HOUSTON, March 14 (Xinhua) -- Working natural gas storage in the contiguous United States was 1,186 billion cubic feet (about 33.6 billion cubic meters) as of March 8, a net decrease of 204 billion c
About 30 firms estimated to first enter ...
BEIJING, March 25 (Xinhua) -- An industry report predicted that around 30 firms with total market value of about 178 billion yuan (26.5 billion U.S. dollars) will become the first batch of enterprise
Aussie Queensland's future linked to Chi...
SYDNEY, April 8 (Xinhua) -- With Chinese visitor spending up significantly in 2018, Australia's Queensland State Minister for Innovation and Tourism Kate Jones said "We absolutely know that the futur
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