News

Sun, 11 Aug 2019 08:13:01 GMT

US trade frictions negatively affect Yuan

The Director-General of the People's Bank of China's International Department Zhu Ju stated on Sunday that the increased volatility of the country's national currency represented market reaction to the escalating US trade frictions.

Sun, 11 Aug 2019 07:19:30 GMT

SDIC receives approval from government regulator for London IPO

SDIC Power Holdings, the Chinese state-backed energy company, has received approval from government regulator to issue 10% of the company's share on the London Stock Exchange.

Sun, 11 Aug 2019 04:58:51 GMT

Beijing asks UK to stay out of China's internal affairs

On Saturday, Beijing urged the UK to back off from China's internal affairs after Dominic Raab, the British Foreign Secretary, asked for an independent probe into the recent protests in Hong Kong.

Sun, 11 Aug 2019 03:52:10 GMT

Salvini says Italy not thinking of leaving euro bloc

Matteo Salvini, the leader of Italy's League Party, said on Saturday that leaving the Eurozone single currency bloc was not an option on the table.

Sun, 11 Aug 2019 02:54:56 GMT

Kim ready to restart talks when US-Seoul military drills end

On Saturday, the US President Donald Trump said that the North Korean leader Kim Jong Un was ready to restart talks on missile and nuclear programs as soon as the US-South Korea joint drills end.

Sun, 11 Aug 2019 02:05:45 GMT

Juncker says no-deal Brexit will hurt UK more than EU

Jean-Claude Juncker, the outgoing President of the European Commission, said that a no Brexit deal would hurt the United Kingdom more than the European Union.

Sat, 10 Aug 2019 20:01:27 GMT

Lebanon's Riad gets A from Global Finance

Lebanon's Central Bank Governor Riad Salameh is one the world's best central bank governors for a fourth consecutive time, the US based Global Finance magazine reports.

Sat, 10 Aug 2019 19:23:00 GMT

World Bank holds $11B portfolio in Nigeria

The World Bank holds one of the largest portfolios in Nigeria among other countries in the African region with a total value of $11B, a senior bank official says.

Sat, 10 Aug 2019 18:52:01 GMT

Beijing taxpayers save money

Beijing taxpayers saved more than $14.18B in the first six months of the current year after China introduced fee reductions and tax cuts, local authorities report.

Sat, 10 Aug 2019 18:06:09 GMT

China producer prices decline

The Chinese producer prices declined 0.3% in July, compared to the same period in 2018, data published by the National Bureau of Statistics shows.

Sat, 10 Aug 2019 17:42:31 GMT

Japan economy expands

The Japanese economy expanded at an annualised rate of 1.8% in the second quarter of 2019 and 0.4% from a previous quarter, data published by the Cabinet Office show.

Sat, 10 Aug 2019 17:00:56 GMT

China inflation up

Prices in China increased 2.8% in July, compared to the same period the prior year, data released by the National Bureau of Statistics shows.

Sat, 10 Aug 2019 15:01:19 GMT

Fitch: S. Korea sovereign rating AA-

The global credit rating agency Fitch has maintained South Korea's sovereign credit rating at AA- with a stable outlook, the credit rating company reports.

Sat, 10 Aug 2019 12:57:06 GMT

Spain housing market stagnates

The Spanish housing market stagnated in the first half of 2019 with 263T purchases, unchanged from a prior year, data released by the Spanish Statistical Office show.

Sat, 10 Aug 2019 12:02:26 GMT

Cambodia, Sri Lanka boost bilateral ties

The Cambodian Prime Minister Samdech Techo Hun Sen and the Sri Lankan President Maithripala Sirisena signed agreements to boost trade and relations between the countries.

Sat, 10 Aug 2019 11:02:07 GMT

Hungary prices rise

Consumer prices in Hungary increased 3.3% in July 2019, compared to the same period the previous year, data released by the Hungarian central statistical office KSH show.

Sat, 10 Aug 2019 10:03:25 GMT

German exports decline

Germany exported €106.1B of goods in June 2019, a decrease of 8% compared to the same period a year ago, the Federal Statistical Office Destatis reports.

Sat, 10 Aug 2019 09:13:14 GMT

Russian PM vows to support Kyrgyzstan

The Russian Prime Minister Dmitry Medvedev pledged to support the Kyrgyz President Sooronbai Jeenbekov after a detention of a former president Almazbek Atambayev.

Sat, 10 Aug 2019 08:01:05 GMT

Japan's Abe expects win-win trade agreement with US

Japan plans to reach a mutually beneficial trade agreement with the US, the Japanese Prime Minister Shinzo Abe says as trade talks gather momentum.

Sat, 10 Aug 2019 07:11:12 GMT

British economy contracts

The economy of the UK contracted 0.2% in the second quarter of 2019, compared to the first quarter, data released by the Office for National Statistics show.

Sat, 10 Aug 2019 06:21:18 GMT

Indian PM to visit Bhutan

The Indian Prime Minister Narendra Modi plans a state visit to Bhutan in the middle of August to meet with the Bhutanese King Jigme Khesar Namgyel Wangchuck, India's Ministry of External Affairs reports.

Sat, 10 Aug 2019 05:15:31 GMT

Huawei launches proprietary operating system

Huawei has launched its proprietary open source operating system HarmonyOS as an alternative to Android, the CEO of Huawei's Consumer Business Group Richard Yu says.

Sat, 10 Aug 2019 04:25:37 GMT

More tourists visit Morocco

More than 5.4M tourists have visited Morocco in the first six months of 2019, a 6.6% increase compared to the same period the previous year, the Moroccan Tourism Observatory reports.

Sat, 10 Aug 2019 02:49:03 GMT

Trump says China and US still pursuing trade deal

The US President Donald Trump stated on Friday that China and the United States are still talking on trade, but not ready to make a deal.

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