News

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Sun, 27 Oct 2019 11:59:02 GMT

Chinese industrial profits decline 5.3%

Profits at Chinese industrial companies contracted for the second month in succession, falling 5.3% in September, as producer prices kept sliding.

Sun, 27 Oct 2019 11:02:19 GMT

Wells Fargo lays off 200 bankers

Wells Fargo & Co laid off at least 200 business bankers in the US lending divisions, restructuring some units, a source familiar with the matter stated.

Sun, 27 Oct 2019 09:53:54 GMT

BNDES to bring forward $2.5B dividend payments to govt

Brazil's BNDES is expected bring forward nearly $2.5B in dividends to the government in 2019 to support the public finances.

Sun, 27 Oct 2019 08:46:41 GMT

GM to restart Mexico's plants

General Motors is set to slowly restart operations at some plants in Mexico this weekend, after workers for the US automaker ratified a new labour contract.

Sun, 27 Oct 2019 08:13:38 GMT

ESR IPO price at $1.6B

The industrial property investor ESR Cayman priced the company's shares at $HK16.80 per share after its IPO book build was finished, two sources with knowledge of the matter stated.

Sun, 27 Oct 2019 06:49:21 GMT

Singapore's manufacturing production rises

Singapore's Economic Development Board stated that manufacturing production grew 0.1% year-over-year in September, compared to a revised 6.4% decline this August.

Sun, 27 Oct 2019 06:30:48 GMT

Yandex revenue up 38% in Q3

Russia's search giant Yandex reported a 38% revenue increase year-on-year to $704M in the Q3 of this year, despite concerns on foreign ownership law.

Sun, 27 Oct 2019 03:42:08 GMT

Global steel production down 0.3%

Global crude steel output declined 0.3% year-over-year to 151.5M tonnes in September, the World Steel Association stated.

Sun, 27 Oct 2019 03:35:46 GMT

Sales weaken at Gucci-owner Kering

Sales increase at Gucci-owner Kering weakened slightly in the Q3, while revenues grew 14.2% to $4.30B in the same period, as the firm offset some hit from a turmoil in Hong Kong.

Sat, 26 Oct 2019 19:58:56 GMT

China logistics sector shows steady growth

The logistics sector in China showed steady growth of 5.7% in the first nine months of the current year, compared to the same period the previous year, official data show.

Sat, 26 Oct 2019 19:09:26 GMT

Putin to visit Philippines

The Russian President Vladimir Putin plans to visit the Philippines on the invitation of the Philippine President Rodrigo Duterte.

Sat, 26 Oct 2019 18:01:43 GMT

China Hainan reports robust trade growth

China's island province Hainan reports a total trade volume of $9.5B in the first three quarters of 2019, an increase of 27.7% from the prior year, a statement published by local authorities shows.

Sat, 26 Oct 2019 17:02:48 GMT

US federal deficit hits high

The US federal budget deficit rose to $984B in the fiscal year 2019, an increase of 26% compared to the prior year, data published by the Treasury Department show.

Sat, 26 Oct 2019 16:04:39 GMT

China approves projects worth $44.9B

China has approved 35 fixed-asset investment projects with a total investment value of $44.9B in the third quarter of the current year, data published by the National Development and Reform Commission show.

Sat, 26 Oct 2019 15:29:38 GMT

US consumer sentiment improves

The US consumer sentiment improved to 95.5 in October from 93.2 in September, a survey conducted by the University of Michigan shows.

Sat, 26 Oct 2019 14:08:27 GMT

Greek economic outlook positive

The German rating agency Scope and the US rating agency Standard & Poor's have upgraded the Greek credit rating by one notch with a positive outlook.

Sat, 26 Oct 2019 13:05:03 GMT

World Bank offers $150M to Ghana

The World Bank plans to provide $150M to the Ghanaian government to improve the quality of education in the country, a press release published by the World Bank shows.

Sat, 26 Oct 2019 12:25:32 GMT

China consumer loans growth remains strong

Consumer loans reached $3,833 per consumer by the end of 2018, a 19.5% increase compared to the same period the previous year, a report published by the People's Bank of China shows.

Sat, 26 Oct 2019 11:05:51 GMT

Bosnia and Herzegovina to strengthen cooperation with China

Bosnia and Herzegovina plans to strengthen economic cooperation with China through the framework of China's Belt and Road Initiative, director of Foreign Investment Promotion Agency Gordan Milinic says.

Sat, 26 Oct 2019 10:35:26 GMT

Polish economy to expand in 2019

The Polish economy is likely to expand around 4% in 2019, the Polish Minister of Finance, Investment and Economic Development Jerzy Kwiecinski says.

Sat, 26 Oct 2019 09:29:48 GMT

Chinese non-ferrous metals production up

China's 10 main non-ferrous metals revealed steady output increase up to 43.47M tonnes in the three quarters of 2019, up 4.5% year-over-yer, official data revealed.

Sat, 26 Oct 2019 08:06:03 GMT

Australia to settle immigrants in regions

The Australian government announced that it increased the amount of visas for qualified workers set to migrate to regions, aiming to ease pressure on the country's major cities.

Sat, 26 Oct 2019 07:25:57 GMT

CATL's profit surges in nine months

CALT, the biggest automotive li-ion battery maker in China, posted a 45.7% net profit growth to $489Min in the three quarters of 2019 due to a booming NEV market.

Sat, 26 Oct 2019 06:29:45 GMT

France's jobless claims fall 0.4%

France registered a 0.4% jobless claims' decline for the second quarter in succession, supporting the government's attempts to bring down the unemployment rate, official figures revealed.

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