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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
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
Weekly snapshot of China's local busines...
BEIJING, March 24 (Xinhua) -- The following are highlights of China's key local business news from the past week. -- Country Garden sees profit, revenue rise in 2018 China's leading property develope
China courier giants see steady revenue ...
SHANGHAI, Feb. 27 (Xinhua) -- Three major Chinese express delivery companies posted steady revenue growth last year on the back of booming e-commerce in the world's most populous country. SF Holding
Mexico anti-fuel theft plan to stem 2.6 ...
MEXICO CITY, Feb. 21 (Xinhua) -- Mexico's fight against rampant fuel theft is expected to save the government nearly 50 billion pesos (2.6 billion U.S. dollars) in losses this year, President Andres
Sea is raising up to $1.5B for its Shope...
Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled
China's rural policy bank supports fores...
China's rural policy bank has issued loans of 40.5 billion yuan (about six billion U.S. dollars) to help the country's forestry sector. Since the launch of such loan services in 2016, the Agricultura
China fines environment polluters hefty ...
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 individuals for environmental offe
Chinese banks post forex settlement defi...
BEIJING, March 18 (Xinhua) -- China's commercial banks saw a net forex settlement deficit of 101.3 billion yuan (around 15 billion U.S. dollars), in February, the country's forex regulator said Monda
Philippine remittances reach 2.75 bln US...
MANILA, March 15 (Xinhua) -- Personal remittances from overseas Filipinos grew by 3.4 percent year-on-year in January 2019 to reach 2.75 billion U.S. dollars from 2.66 billion U.S. dollars, the Phili
China to increase 2019 allocation on pre...
BEIJING, March 5 (Xinhua) -- China's central government will allocate 25 billion yuan (3.73 billion U.S. dollars) to prevent and control air pollution, an increase of 25 percent year on year, says a
Macao's forex reserves reach 20.63 bln U...
MACAO, March 14 (Xinhua) -- The preliminary estimate of the foreign exchange reserves in China's Macao Special Administrative Region (SAR) reached 166.8 billion patacas (about 20.63 billion U.S. doll
Uber to buy Middle East rival Careem for...
Uber will spend 3.1 billion U.S. dollars to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late Monday nigh
Large petrochemical JV inaugurated to de...
SHENYANG, March 23 (Xinhua) -- A joint venture petrochemical company with a total investment of over 71 billion yuan (10.6 billion U.S. dollars) from China and Saudi Arabia was inaugurated in the cit
Air China net profits up 1.33 pct in 201...
BEIJING, March 28 (Xinhua) -- Air China, the country's flag carrier, saw its net profits edge up 1.33 percent in 2018 to 7.34 billion yuan (about 1.1 billion U.S. dollars), according to a company sta
China's service trade deficit narrows in...
BEIJING, March 28 (Xinhua) -- China's deficit in foreign service trade narrowed in February, official data showed Thursday. The deficit decreased to 20.6 billion U.S. dollars last month, down from 22
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