News

Note: This section contains information in English only.
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.

Sat, 07 Sep 2019 16:01:08 GMT

Malaysia reserves rise

Malaysia's international reserves increased to $103.5B from around $103B in the beginning of August, a report published by the central bank shows.

Sat, 07 Sep 2019 15:01:15 GMT

Alibaba purchases e-commerce platform

Alibaba Group has agreed to acquire Netease's e-commerce platform Kaola for $2B and invest additional $700M in Netease's Cloud Music.

Sat, 07 Sep 2019 14:00:38 GMT

World Bank praises growth in Somalia

The economy of Somalia expanded 2.8% in 2018 and the economic recovery is steady and sustained, a report published by the World Bank states.

Sat, 07 Sep 2019 13:01:17 GMT

Lebanon PM to meet Macron

The Lebanese Prime Minister Saad Hariri plans to meet the French President Emmanuel Macron to discuss investment projects in Lebanon, a statement published by Hariri's office shows.

Sat, 07 Sep 2019 11:58:58 GMT

Taiwan inflation rises

Taiwan's inflation increased 0.43% in August, compared to the same period the previous year, a report published by the National Statistics agency shows.

Sat, 07 Sep 2019 11:09:57 GMT

US unemployment remains unchanged

The US unemployment rate remains unchanged at 3.7% and the economy added 130T jobs in August, the US Bureau of Labour Statistics reports.

Sat, 07 Sep 2019 10:01:22 GMT

Russian central bank cuts key rate

The Russian central bank has cut the key lending rate by 0.25% to 7% among weaker than expected inflation, a statement published the institution shows.

Sat, 07 Sep 2019 09:01:19 GMT

Xi meets with Angela Merkel

The Chinese President Xi Jinping met with the visiting German Chancellor Angela Merkel in Beijing to discuss strategic cooperation between the two countries.

Sat, 07 Sep 2019 08:00:58 GMT

Volkswagen, Northvolt to produce lithium-ion batteries together

Volkswagen and the Swedish battery producer Northvolt plan to build a factory for the manufacturing of lithium-ion batteries in a joint venture, the German car maker reports.

Sat, 07 Sep 2019 07:33:45 GMT

Bosch to team up with Chinese CATL

On Thursday, German Bosch announced beginning of a strategic cooperation with the Chinese Contemporary Amperex Technology (CATL) on development of cells for 48V battery system.

Sat, 07 Sep 2019 06:25:07 GMT

Xi meets Angela Merkel

On Friday, the Chinese leader Xi Jinping met the German Chancellor Angela Merkel to discuss bilateral relations and common challenges in the sphere of international trade.

Sat, 07 Sep 2019 05:36:11 GMT

Gerard Lyons quits race for BoE chair

According to the Times newspaper, the former adviser to the UK Prime Minister Borish Johnson, Gerard Lyons was struck off the list of contenders for the post of the Bank of England next governor.

Sat, 07 Sep 2019 04:34:08 GMT

China's FX reserves rise in August

The People's Bank of China reported on Saturday that the country's foreign exchange reserves increased by $3.5B last month, reaching $3.1072T.

Fri, 06 Sep 2019 19:45:39 GMT

Apollo, Carlyle compete for Arriva

The US buyout groups Apollo and Carlyle are competing for Deutsche Bahn's Arriva unit on the back of the entering the auction final stage, while the deal is expected to be valued at $3.3-4.4B.

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