News

Note: This section contains information in English only.
Sun, 12 May 2019 15:54:09 GMT

UN chief heads to New Zealand for three-day visit

Antonio Guterres, the United Nations' Secretary-General arrived in New Zealand's Aukland on Sunday amid his three-day visit to stress the climate change issues during the scheduled meeting with the country's Prime Minister Jacinda Ardern.

Sun, 12 May 2019 15:53:50 GMT

China's Vice Premier calls for US-China cooperation

Liu He, China's Vice Premier, stated that cooperation would be the only right decision for the Asian country and the United States, but added that China would not compromise on the major questions of principle.

Sun, 12 May 2019 15:35:59 GMT

Xi to deliver speech on May 15 in Beijing

China's President Xi Jinping is set to deliver his speech during the Conference on Dialogue of Asian Civilisations' opening ceremony, scheduled to be held in Beijing for May 15, a senior official reported.

Sun, 12 May 2019 15:29:28 GMT

CMBC gets approval to issue $5.88B perpetual bond

CMBC has received an approval on Sunday to issue a $5.88B worth perpetual bond, according to the CBIRC, in a move that should boost the adequacy and quality ratio of the commercial banks' capitals.

Sun, 12 May 2019 14:31:58 GMT

UAE's Utico to invest $294M in Singapore's Hyflux

UAE's Utico FZC submitted a binding bid to make a $294M investment in the Singaporean debt-laden water treatment company Hyflux, Utico's Chief Executive Richard Menezes stated on Sunday.

Sun, 12 May 2019 14:24:12 GMT

China elec-info manufacturing industry's revenue rises in Q1

The revenue of the Chinese electronic information production industry surged 6.3% year over year in the current year's Q1, according to recent official data provided by the country's Ministry of Industry and Information Technology.

Sun, 12 May 2019 13:26:38 GMT

SAIC-GM to recall over 7.5K vehicles

The joint venture between General Motors and the Shanghai-based SAIC Motor, SAIC-GM, is set to recall as much as 7.779 vehicles amid defective electronic power steering, including such car models as Chevrolet Camaro and Cadillac ATS-L.

Sun, 12 May 2019 13:17:24 GMT

Emirates CCO resigns as profit drops

On Sunday, Emirates' spokesman announced that Thierry Antinori, the airline's Chief Commercial Officer, resigned from his position after the Gulf carrier reported a 69% fall in its full-year profit, the weakest reading in a decade, as a strong dollar and rising fuel costs hit the earnings.

Sun, 12 May 2019 12:30:48 GMT

China's export container transport falls in April

China's export container shipping index continued to drop in April amid weak demand in low seasons, according to the Shanghai Shipping Exchange report showing the CCFI to come in at 799.65 last month, down 3.8% from the prior month.

Sun, 12 May 2019 12:18:41 GMT

SGMW plans over 19K vehicle recall

Shanghai General Motors Wuling is set to recall over 19.680 vehicles starting from June 5 due to issues connected to the electronic control unit software of the car engines, the Shanghai Shipping Exchange reported on Sunday.

Sun, 12 May 2019 11:33:34 GMT

Ant Financial unveils mutual aid plans aimed at seniors

Alibaba's affiliate Ant Financial is planning to roll out its mutual aid plan aimed at seniors at 60-70 years old, which would be the extended version of the company's online healthcare platform called Xiang Hu Bao.

Sun, 12 May 2019 11:27:13 GMT

Volvo to phase out over 6K vehicles in China

Volvo Automobile Sales is set to recall 6.223 vehicles in China, including XC90 model produced in the 2014-2016 period, due to safety concerns raised over defects found in the engine cooling system that increase its fire risk.

Sun, 12 May 2019 10:26:35 GMT

CNOOC to boost tech collaboration, interchange

China National Offshore Oil Corporation is planning to boost international technology collaboration and interchange to become more competitive at the global market, China's energy industry insider reported.

Sun, 12 May 2019 10:04:04 GMT

Disney's fiscal Q2 earning top estimates

Walt Disney reported its Q2 earning results for the current year exceeded analysts' estimates with an 81% rise to $3.53 from $1.95 in the previous-year quarter.

Sun, 12 May 2019 09:15:29 GMT

Toyota to bolster China eco-vehicle production via investment

Toyota Motor considers investing over $2.2B in China to bolster the eco-friendly vehicles production in cooperation with China's GAC Group, as the Japanese carmaker seeks to meet the rising demand for eco-vehicles.

Sun, 12 May 2019 08:58:24 GMT

China's DLG ties up with Aussie lithium firm

Lithium Australia has tied up with China's battery manufacturer DLG, seeking to supply Australia's market with its lithium batteries and cooperate together on technology development.

Sun, 12 May 2019 08:37:37 GMT

China's cities become leaders in mobile payment development

Beijing, Shanghai and Hangzhou are the top three China's cities that became leaders in the mobile payment development last year, according to a recent report.

Sun, 12 May 2019 07:39:40 GMT

UK Conservatives fall to fourth place in EU election poll

Britain's Conservative Party, led by the Prime Minister Theresa May, dropped to a fourth place in the European election poll, which is well below the new Brexit Party led by Nigel Farage, the Observer newspaper's latest poll showed.

Sun, 12 May 2019 07:34:47 GMT

Israel's Netanyahu needs more time to build government

The Israeli PM Benjamin Netanyahu is set to ask the country's President for extra time to establish the government, after receiving a 28-day period to do it with a possible extension of 14 days, according to Israel's law.

Sun, 12 May 2019 06:27:36 GMT

Great Wall Motor sees surge in 2019 sales

Great Wall Motor viewed its 2019 vehicle sales rise 8.65% year-over-year to 367,680 cars during the January-April period, adding its SUV sales surged 2.3% yoy to 298,394 units.

Sun, 12 May 2019 06:27:06 GMT

BYD NEV posts annual 123% growth in Jan-April period

China's leading manufacturer of the new energy vehicles, BYD, reported a 123.1% growth in its sales for the 2019 January-April period due to continuing market boom, saying it had sold 97,183 NEVs this year, compared to 43,555 units last year.

Sun, 12 May 2019 05:08:35 GMT

Air France-KLM posts growth in April passenger numbers

Air France-KLM, Europe's leading airline, reported a 9.2% growth in its passenger traffic last month, as it numbered 7.46M passengers in April, up 8.8% from the previous year's same period.

Sun, 12 May 2019 05:01:47 GMT

VW to recall nearly 93K vehicles in China

Volkswagen is set to recall 92,621 defective vehicles in China starting from June 28 amid gearbox control modules and would involve over a dozen models such as Golf, Scirocco, Audi, Sagitar and the Beatle, according to the Chinese market regulator.

Sun, 12 May 2019 04:30:34 GMT

CITIC reports drop in April net profit

China's major brokerage company CITIC Securities reported a sharp decline in its April net profit to 526M yuan, down from its 1.38B yuan in March, according to the company's statement filed with the Shanghai Stock Exchange.

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