News

Note: This section contains information in English only.
Mon, 09 Sep 2019 06:56:38 GMT

JPMorgan close to become main adviser in Saudi Aramco IPO

JPMorgan Chase & Co is highly likely to win the lead advisory role in Saudi Aramco's IPO, Reuters reported citing sources with a knowledge of the matter.

Mon, 09 Sep 2019 06:39:35 GMT

Geely to launch air taxis to China with Volocopter help

Germany's start-up Volocopter announced about its plans to to establish a partnership with Ch9na's Zhejiang Geely to bring the air taxis to the Asian country.

Mon, 09 Sep 2019 04:42:20 GMT

Air China has no intention to acquire Cathay Pacific

Air China has no intention to take over the Hong Kong-based Cathay Pacific Airways, the state-owned Chinese carrier's non-executive director Stanley Hui stated in an interview to the South China Morning Post newspaper on Monday.

Mon, 09 Sep 2019 04:33:46 GMT

San Francisco offers to acquire PG&E's electric system

The San Francisco city has made a $2.5B bid for PG&E Corp's power lines electrical system, as the utility seeks to file for the Chapter 11 bankruptcy protection this January.

Mon, 09 Sep 2019 02:44:42 GMT

Mexico's budget to be with 0.7% surplus

The Mexican government expected a primary fiscal surplus of 0.7% in 2020 budget, as the country's President aimed to balance priorities on spending with a slowing economic growth.

Mon, 09 Sep 2019 02:30:32 GMT

Japan's GDP up at slower pace in Q2

The Japanese economy expanded 1.3% in the Q2, at a slower pace than anticipated, amid a weaker capital spending, signalling strains over the economy from weaker growth and the US-China trade war.

Sun, 08 Sep 2019 19:27:47 GMT

Saudi Aramco names pretenders for IPO roles

According to a source familiar with the matter, Saudi Aramco is expected to give roles to Citigroup, Goldman Sachs, HSBC and Samba Financial Bank in the upcoming initial public offering (IPO).

Sun, 08 Sep 2019 18:29:27 GMT

Johnson not to seek delay for Brexit

The Prime Minister of Britain Boris Johnson stated on Sunday that he would not ask for a delay for the country's exit from the European Union.

Sun, 08 Sep 2019 17:27:44 GMT

CFETS reports record-high trading volume

The China Foreign Exchange Trade System (CFETS) reported on Saturday that trading volume under the China's Bond Connect program reached $47.8B last month.

Sun, 08 Sep 2019 16:05:26 GMT

Iran: EU fails to fulfil nuclear commitments

The European Union has failed to fulfil commitments under the 2015 nuclear agreement, the director of Iran's nuclear energy agency Ali Akbar Salehi says.

Sun, 08 Sep 2019 14:57:02 GMT

China to construct 80 oil wells in Iraq

A Chinese company has signed an agreement with Iraq's Basra Oil Company to construct 80 oil wells in the southern province of Basra, a statement published by the Iraqi Oil Ministry shows.

Sun, 08 Sep 2019 14:25:07 GMT

Chinese DiDi to expand

The Chinese mobile car-hailing platform DiDi plans to expand to 14 Chilean cities by the end of the current year, a statement published by the company shows.

Sun, 08 Sep 2019 12:57:13 GMT

Italy and China ties remain priority

Italy's ties with China are widely expected to remain a priority for the second consecutive government of the Prime Minister Giuseppe Conte, analysts say.

Sun, 08 Sep 2019 12:17:57 GMT

Morocco expects more Chinese tourists

More than 180T Chinese tourists have visited Morocco in 2018 and the country expects more tourists in the next years, the Moroccan Prime Minister Saad Eddine El Othmani says.

Sun, 08 Sep 2019 11:01:03 GMT

Nepal, China to establish industrial zone

Nepal and China plan to establish an industrial zone in the southern district of central Nepal to develop a manufacturing and processing hub, the Embassy of Nepal to China reports.

Sun, 08 Sep 2019 10:01:00 GMT

Turkey, US discuss bilateral trade

The Turkish Trade Minister Ruhsar Pekcan and the US Secretary of Commerce Wilbur Ross have discussed ways to increase bilateral trade between the two countries to $100B.

Sun, 08 Sep 2019 09:07:22 GMT

China approves new IPOs

The Chinese regulator has approved IPOs of Chongqing Rural Commercial Bank and Sirio Pharma, a statement published by the China Securities Regulatory Commission shows.

Sun, 08 Sep 2019 08:20:49 GMT

China exports increase

Exports of Chinese products increased 2.6% and imports declined 2.6% in August, compared to the same period the prior year, the General Administration of Customs reports.

Sun, 08 Sep 2019 07:12:42 GMT

China's exports drop in August

According to a report published on Sunday, China's exports unexpectedly dropped 1% in August, thus unveiling an impact from a trade conflict with the US.

Sun, 08 Sep 2019 06:30:45 GMT

Saudi appoints new Energy Minister

On Saturday, the son of Saudi King Muhammad bin Salman, Prince Abdulaziz bin Salman has been appointed as the country's new Minister of Energy.

Sun, 08 Sep 2019 05:28:43 GMT

Japan's Kono likely to move to defense

According to the Sankei Shimbun, the Foreign Minister of Japan Taro Kono could become the country's next Minister of Defense in the upcoming cabinet reshuffle.

Sat, 07 Sep 2019 20:02:12 GMT

Audi reports growth of sales in China

FAW-Volkswagen Audi reported on Saturday that in first eight months of 2019 it managed to deliver 427,447 vehicles to China, thus showing a 2.4% growth year on year.

Sat, 07 Sep 2019 18:14:14 GMT

China permits another sci-tech IPO

The China Securities Regulatory Commission on Friday has permitted Transsion Holdings to make an initial public offering (IPO) on the SSE STAR Market.

Sat, 07 Sep 2019 17:18:55 GMT

China, Russia discuss cooperation in energy sector

On Friday, the China-Russia Energy Cooperation Committee held its 16th meeting at which both parties reviewed their achievements and agreed on future steps on cooperation in the energy sector.

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