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Legend Holdings revenue up 13 pct in 201...
BEIJING, March 28 (Xinhua) -- Legend Holdings Corporation, parent company of Chinese tech giant Lenovo, posted revenue of 358.92 billion yuan (53.41 billion U.S. dollars) in 2018, up by 13 percent ye
U.S. storage of working natural gas decr...
HOUSTON, Feb. 28 (Xinhua) -- Working natural gas storage in the contiguous United States was 1,539 billion cubic feet (about 43.6 billion cubic meters) as of Feb. 22, a net decrease of 166 billion cu
Profits of Chinese train maker CRRC up 4...
BEIJING, March 29 (Xinhua) -- Net profit of Chinese train maker CRRC Corporation Ltd. rose 4.76 percent in 2018 to 11.3 billion yuan (about 1.7 billion U.S. dollars), the company said Thursday. The w
China's SPD Bank sees 2018 net profit up...
BEIJING, March 26 (Xinhua) -- Shanghai Pudong Development Bank (SPD Bank) said its net profit for 2018 climbed 3.05 percent year on year to 55.91 billion yuan (about 8.34 billion U.S. dollars). Reven
Lloyds Bank brushes off Brexit fears wit...
Lloyds Banking Group shrugged off mounting concerns over Brexit to unveil a four billion pound (5.21 billion U.S. dollars) dividend and share buyback bonanza for investors on Wednesday, despite weake
Adidas increases turnover thanks to stro...
BERLIN, March 13 (Xinhua) -- Adidas increased its currency-adjusted annual turnover by eight percent to a total of around 22 billion euros (24.8 billion U.S. dollars) in the fiscal year 2018, the Ger
China's Belt & Road plan dovetails with ...
Saudi Arabia has signed more than 30 economic cooperation agreements with China worth a total of 28 billion U.S. dollars at a joint investment forum in Beijing on Friday. The multi-billion-dollar dea
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, or 15 billion U.S. dollars, in February, the country's forex regulator said Monday. Th
Grab confirms $1.46B investment from Sof...
Grab has become the newest addition to the SoftBank Vision Fund after it announced today that it has pulled in a $1.46 billion investment from the super fund. Grab said the new money will be used to
Central bank injects liquidity into mark...
BEIJING, March 18 (Xinhua) -- China's central bank injected liquidity into the money market through reverse repos Monday. The People's Bank of China (PBOC) conducted 60 billion yuan (about 9 billion
Google fined 1.49bln euros for anti-trus...
BRUSSELS, March 20 (Xinhua) -- U.S. internet giant Google on Wednesday received a new fine ticket of 1.49 billion euros (1.69 billion U.S. dollars) from the European Union (EU) for breaching of anti-
Reverse repos worth 770 bln yuan to matu...
Reverse repos worth 770 billion yuan (about 113.8 billion U.S. dollars) will mature in China in the coming week, the largest weekly amount in a year. On Wednesday, 350 billion yuan of reverse repos
Retail sales of consumer goods soaring i...
The retail sales of consumer goods in southwest China's Tibet Autonomous Region is expected to exceed 50 billion yuan (about 7.46 billion U.S. dollars) in 2018. The regional bureau of commerce said
China Securities Co. reports profits dow...
China Securities Co. said on Tuesday that its net profits fell 23.11 percent year-on-year to 3.09 billion yuan (about 461 million U.S. dollars) in 2018, largely due to its sluggish wealth-management
GE to sell biopharma business to Danaher...
General Electric said on Monday it would sell its biopharma business to Danaher Corp. for 21.4 billion U.S. dollars in the biggest strategy reversal since Lawrence Culp took over as the industrial co
Power sector pushes U.S. natural gas con...
HOUSTON, March 25 (Xinhua) -- U.S. natural gas consumption increased by 10 percent in 2018, reaching a record high of 82.1 billion cubic feet (about 2.32 billion cubic meters) per day, according to t
Continental announced higher dividends a...
BERLIN, March 7 (Xinhua) -- Continental is planning to increase its dividend by 25 euro cents to a total of 4.75 euros per share after turnover increased by 0.9 percent to 44.4 billion euros (50.0 bi
Baidu sees robust 2018 revenue growth as...
Chinese artificial intelligence (AI) firm Baidu reported robust revenue growth for 2018 as the company applied AI technologies in more businesses. Baidu took in 102.3 billion yuan (14.88 billion U.S.
Xiaomi Q4 sees strong growth in overseas...
Xiaomi, the Chinese company known for its cheap handsets and a vision to drive revenues by selling internet services, has come in ahead of analysts’ estimates in its fourth-quarter profit altho
China's express delivery sector expands ...
BEIJING, March 30 (Xinhua) -- China's express delivery sector saw fast growth in February, with double-digit increases in business revenue and volume, official data showed. Delivery firms handled 2.7
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