News

Mon, 22 Apr 2019 04:24:56 GMT

Avianca Brasil cancels 1.3K flights

Avianca Brasil cancelled more than 1.3K flights, Brazil's media reported, as the bankrupt airline was forced to diminish fleet by more than two-thirds.

Mon, 22 Apr 2019 04:24:46 GMT

Chinese transport investment stable in Q1

China's fixed-asset investment in transport grew 3.3% year-over-year to reach nearly $55.5B in the March quarter, showing a steady growth in the period, official data revealed.

Mon, 22 Apr 2019 02:54:03 GMT

Cuba orders more power generation cuts

The Cuban government ordered the state-run power system to diminish further electricity generation in a sign that the cash crunch exacerbated by the new US sanctions was taking human and economic toll.

Mon, 22 Apr 2019 02:51:12 GMT

MUFG to book $890M, stick to FY estmates

Japan's MUFG is expected to book about $893.34M charge in the fiscal year ended March after the credit card unit stopped new system's development, but is likely keep the full-year profit outlook.

Mon, 22 Apr 2019 02:37:07 GMT

UAE, Saudis to send $3B aid to Sudan

The United Arab Emirates and Saudi Arabia stated that they agreed to send Sudan $3B worth of aid to throw a lifeline to new leaders after protests resulted in the president's ousting.

Mon, 22 Apr 2019 02:32:37 GMT

Toyota sets up research institute in Beijing

Japan's Toyota Motor stated that it established the research institute in Beijing partnering with Tsinghua University to study vehicle technology using green technologies, such as hydrogen power.

Sun, 21 Apr 2019 20:17:49 GMT

PBOC: business confidence improves

Business confidence improved in the first quarter of 2019 after declining for two consecutive quarters, the People's Bank of China reports.

Sun, 21 Apr 2019 20:17:24 GMT

Ukraine-Belarus trade expands

Trade between Belarus and Ukraine increased for a third consecutive year to $5.3B in 2018 from $4.6B in 2017, the Ukrainian State Statistics Service reports.

Sun, 21 Apr 2019 19:22:47 GMT

Egypt to improve ties with Iraq

The Egyptian President Abdel-Fattah al-Sisi and the Iraqi Prime Minister Adel Abdul Mahdi agreed to improve bilateral ties at a meeting in Cairo.

Sun, 21 Apr 2019 19:22:21 GMT

China AI company iFlytek profit rises

China's artificial intelligence company iFlytek reported a net profit rise of 24.71% to $80.8M in 2018, an annual report shows.

Sun, 21 Apr 2019 18:09:59 GMT

German breweries production rises

Output of German breweries increased by 2.2% to 8.7B litres in 2018, an increase of 184M litres, the Federal Statistical Office Destatis reports.

Sun, 21 Apr 2019 18:09:51 GMT

Italy reports growth in Q1

Italy has registered a slight economic growth of 0.1% in the first quarter of 2019, pulling out of recession, the Bank of Italy reports.

Sun, 21 Apr 2019 17:26:41 GMT

Businesses sign 7.6B worth of projects at trade fair in Tianjin

A total of 48 projects with a total value of $7.6B were signed at the China Tianjin International Fair for Investment and Trade in China's Tianjin Municipality.

Sun, 21 Apr 2019 17:25:44 GMT

Tourist arrivals in Morocco increase 7.6%

A total of 1.59M tourists visited Morocco in January and February, a 7.6% increase compared to the same period the prior year, Morocco's Tourism Ministry reports.

Sun, 21 Apr 2019 16:21:35 GMT

Uzbekistan foreign trade rises

The foreign trade of Uzbekistan increased by 27% to $9.4B in 2018, compared to the previous year, the Uzbek statistics committee reports.

Sun, 21 Apr 2019 16:21:08 GMT

Chicago attracts 57.7M tourists

Chicago welcomed more than 57.7M tourists in 2018, earning more than $16B from tourist expenditures, the annul tourism report compiled by the Chicago Mayor's Office shows.

Sun, 21 Apr 2019 15:12:34 GMT

Japan consumer prices rise

The Japanese consumer prices increased 0.8% in March after a 0.7% increase in February, the Ministry of Internal Affairs and Communications reports.

Sun, 21 Apr 2019 15:12:17 GMT

Laos projects more exports to China

Laos expects exports to China to increase to $1,510M in 2019, while imports to decline to $985M, the latest projections from the Lao Ministry of Industry and Commerce show.

Sun, 21 Apr 2019 14:18:32 GMT

US business inventories increase

US business inventories reached $2.02T in February, an increase of 0.3% from January, a report published by the US Census Bureau shows.

Sun, 21 Apr 2019 14:18:24 GMT

US regional manufacturing expands in April

The US Federal Reserve Bank of Philadelphia reports better regional manufacturing conditions in April based on the results of the Manufacturing Business Outlook Survey.

Sun, 21 Apr 2019 12:54:24 GMT

CAS provides $268M for B&R projects

The Chinese Academy of Sciences has provided around $268M for Belt and Road science and technology projects since the year 2013, the CAS President Bai Chunli says.

Sun, 21 Apr 2019 12:54:16 GMT

Myanmar foreign trade reaches $4.83B

Myanmar's trade with other countries reached $4.83B in the current fiscal year, an increase from $4.64B the prior year, the Commerce Ministry reports.

Sun, 21 Apr 2019 11:50:48 GMT

Vietnam tuna export to China rises

The export of tuna to China from Vietnam surged 771% in the first two months of 2019, the Vietnam Association of Seafood Exporters and Producers reports.

Sun, 21 Apr 2019 11:50:41 GMT

Emerson Electric opens R&D centre in China

Emerson Electric, headquartered in the US, has opened a $17.1M research and development centre in the eastern Chinese city of Suzhou, the local government reports.

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