News

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Sat, 24 Aug 2019 16:38:00 GMT

Bank of China to provide $28.57B for Xiongan New Area projects

The Bank of China plans to provide $28.57B for projects and enterprises related to the development of the Xiongan New Area, a statement published by the Bank of China reports.

Sat, 24 Aug 2019 15:36:20 GMT

Huawei releases new AI processor

The Chinese tech giant Huawei launched a new powerful artificial intelligence processor Ascend 910, a statement published by the company shows.

Sat, 24 Aug 2019 14:01:41 GMT

Iranian FM to visit China

The Iranian Foreign Minister Mohammad Javad Zarif plans an official visit to China at the invitation of the Chinese State Councilor and Foreign Minister Wang Yi, Foreign Ministry reports.

Sat, 24 Aug 2019 12:56:58 GMT

Malaysia welcomes more Chinese tourists

The number of Chinese tourists visiting Malaysia has increased by 4.9% in the first half of 2019, compared to the same period in 2018, the Minister of Tourism, Arts and Culture Mohamaddin Ketapi says.

Sat, 24 Aug 2019 12:02:46 GMT

China to introduce tariffs on US vehicles

China will introduce tariffs on American made auto parts and vehicles starting from December 15, the Customs Tariff Commission of the State Council announces.

Sat, 24 Aug 2019 11:01:15 GMT

Turkey to invest in Lebanon

Turkey is very interested in energy investment opportunities in Lebanon, the Turkish Foreign Minister Mevlut Cavusoglu says at a press conference in Beirut, the capital of Lebanon.

Sat, 24 Aug 2019 10:08:37 GMT

China to impose tariffs on US goods

China plans to impose new tariffs on US goods worth $75B in response to new US tariffs on Chinese goods, the Customs Tariff Commission of the State Council announces.

Sat, 24 Aug 2019 09:16:45 GMT

Chinese government companies report growth

Profits of Chinese government-owned companies increased 7.3% in the first seven months of 2019, compared to the same period the prior year, the Ministry of Finance reports.

Sat, 24 Aug 2019 08:17:44 GMT

Putin, Netanyahu agree to cooperate in Syria

The Russian President Vladimir Putin and the Israeli Prime Minister Benjamin Netanyahu have agreed to continue cooperation in Syria, a statement published by the Kremlin shows.

Sat, 24 Aug 2019 07:08:44 GMT

PBOC injects more liquidity

On Friday, the People's Bank of China (PBOC) has injected another $11.34B at %2.55 interest rate into the market in order to maintain liquidity.

Sat, 24 Aug 2019 06:26:14 GMT

Shandong Iron & Steel generates lower profit in H1

On Friday, Chinese Shandong Iron and Steel Co reported net profit for the first half of 2019 which appeared to be 65.58% lower than a year before.

Sat, 24 Aug 2019 05:34:59 GMT

US to tax French wines

The US President Donald Trump stated on Friday that if the French government imposed digital tax on American technology companies, he would do the same with French wines.

Sat, 24 Aug 2019 04:33:04 GMT

Trump not to stop Powell's resignation

The US President Donald Trump stated on Friday that he would accept the Federal Reserve Chairman's Jerome Powell resignation if he decided to resign.

Sat, 24 Aug 2019 01:37:45 GMT

China to impose new tariffs on US goods

China announced on Friday that it would impose additional tariffs of either 5% or 10% on US goods worth about $75 billion, scheduled to go into effect on September 1 and December. 15.

Fri, 23 Aug 2019 20:25:43 GMT

Volkswagen to recalls 679K US cars

Volkswagen stated on Friday it was recalling 679K US vehicles sold after 2011, which could roll away due to an electrical issue.

Fri, 23 Aug 2019 19:36:44 GMT

US fines DB $16M to settle corruption charges

Deutsche Bank agreed to pay more than $16M to settle charges, as it violated the US corruption laws, wen hiring foreign governments' officials' relatives in a bid to win or retain business, the US regulator stated in the statement.

Fri, 23 Aug 2019 18:09:45 GMT

Huawei: US curbs to cut revenue over $10B

China's technology giant Huawei stated that the impact of the US trade restrictions on the company's business is likely to be less than initially anticipated, though curbs are likely to push the smartphone unit's revenue lower about $10B this year.

Fri, 23 Aug 2019 17:33:57 GMT

Japanese underlying inflation at 0.6% in July

The rate of Japan's underlying inflation remained at 0.6% in July, the government stated in the report, still short of the Bank of Japan's 2% inflation target.

Fri, 23 Aug 2019 16:28:48 GMT

China to impose more tariffs on US pork, beef and soy

China stated that it is set to impose an additional tariff of 5% on the US soybeans from September 1, and extra 10% duties on wheat, sorghum and corn from December 15, in the latest retaliatory trade measure against Washington.

Fri, 23 Aug 2019 15:12:19 GMT

New home sales in US drop sharply

The US Commerce Department stated that the country's new home sales declined markedly 12.8% to a seasonally adjusted yearly rate of 635K units last month in a sign that the property market remained in low gear in spite of lower rates and a strong labour market.

Fri, 23 Aug 2019 14:36:01 GMT

US curbs to trim Huawei's revenue by over $10B

On Friday, China's technology giant Huawei reported the US trade restrictions were likely to cut its smartphone revenue by more than $10B this year.

Fri, 23 Aug 2019 13:38:52 GMT

Salesforce expects higher Q3 and full-year revenue

Salesforce.com announced on Thursday it was expecting its Q3 and full-year revenue to be above Wall Street's estimates, as the company benefited from acquisitions and high demand for the cloud-based services, sending shares 7% up in the extended trading.

Fri, 23 Aug 2019 11:51:16 GMT

Singapore trims 2019 core inflation estimates

Singapore's core inflation hit its three-year low in July with a 0.8% rise from the previous year, prompting the country's authorities to cut their full-year forecast due to firming bets for easing the monetary policy.

Fri, 23 Aug 2019 10:53:31 GMT

BT Group considers selling Irish corporate business

Britain's BT Group has entered talks over its Irish corporate business sale to the UK firm Mayfair Equity Partners, potentially worth over $332M, according to a Sky News report.

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