News

Note: This section contains information in English only.
Sat, 27 Jul 2019 15:18:27 GMT

Beijing foreign trade rises

Beijing's foreign trade expanded 6.8% to $201B in the first half of this year, compared to the same period the prior year, the Beijing Customs Office reports.

Sat, 27 Jul 2019 13:53:42 GMT

Intel revenue declines in Q2

Intel Corporation's revenue declined 3% in the second quarter of the current year to $16.5B, compared to the same period in 2018, the Intel CEO Bob Swan says.

Sat, 27 Jul 2019 12:58:05 GMT

China seeks investment in Saudi Arabia

China plans to expand investment in small and medium-sized enterprises in Saudi Arabia, the Chairman of the Council for Promoting South-South Cooperation Lv Xinhua says.

Sat, 27 Jul 2019 11:56:36 GMT

Singapore employment growth slows

Employment in Singapore expanded at a slower pace in the second quarter of 2019, compared to the first quarter of 2019 and the same period in 2018, Singapore's Ministry of Manpower says.

Sat, 27 Jul 2019 10:57:42 GMT

Pompeo to visit Asia-Pacific countries

The US Secretary of State Mike Pompeo plans to visit Thailand, Micronesia and Australia in the beginning of August, the State Department reports.

Sat, 27 Jul 2019 10:00:26 GMT

Macao unemployment stable

Macao's unemployment rate remains unchanged at 1.7% in the second quarter of 2019, compared to the first quarter of 2019, the administrative region's statistic service reports.

Sat, 27 Jul 2019 08:57:46 GMT

Argentina economic activity expands

Argentina's economic activity expanded 2.6% in May, compared to the same period in 2018, the first expansion in over a year, the National Institute of Statistic and Census reports.

Sat, 27 Jul 2019 08:03:47 GMT

Morocco expects 3.7% growth in 2020

The Moroccan government forecasts an economic expansion of 3.7% in 2020, an increase from a 2.9% growth forecast for 2019, the Minister of Finance Mohamed Benchaaboun says.

Sat, 27 Jul 2019 07:10:23 GMT

Portuguese startups generate €2.2B in sales

Portuguese startups have generated €2.2B in sales of goods in 2018, a 1.1% of the total economic activity, the Portuguese Minister of Economy Pedro Siza Vieira says.

Sat, 27 Jul 2019 05:52:28 GMT

US economy slows

The US economy expanded 2.1% in the second quarter of 2019 after a 3.1% expansion in the first quarter of the same year, the US Department of Commerce data shows.

Sat, 27 Jul 2019 05:06:06 GMT

Apple to purchase Intel modem unit

Apple plans to purchase Intel Corporation's smartphone modem unit for $1B to facilitate production of its own 5G modem for next generation smartphones, the company reports.

Sat, 27 Jul 2019 04:31:46 GMT

Amazon reports sales increase

Amazon's sales increased 20% to $63.4B in the second quarter of 2019, compared to $52.9B the same period the previous year, the Chief Financial Officer Brian Olsavsky says.

Sat, 27 Jul 2019 03:13:29 GMT

Glen retains job as UK's Economic Secretary of Treasury

John Glen, the UK Economic Secretary to the Treasury, has retained his position after the new British Prime Minister Boris Johnson reshuffled ministerial roles.

Fri, 26 Jul 2019 20:03:35 GMT

US economy misses Trump administration's 3% target

The US Commerce Department announced on Friday that the US GDP product increased at 2.9% in 2018, which missed the Trump administration's 3% target.

Fri, 26 Jul 2019 19:01:05 GMT

Italy hires Deloitte consulting firm as financial adviser

According to a source with knowledge of the matter, Italy has hired Deloitte consulting firm as its financial adviser to create five hundred-million-euro real estate fund, which will be called Dante.

Fri, 26 Jul 2019 18:15:58 GMT

Johnson tells Merkel EU must abolish Irish backstop

On Friday, the British Prime Minister Boris Johnson told Germany's Chancellor Angela Merkel that the European Union must abandon the Irish backstop if it wants Brexit deal.

Fri, 26 Jul 2019 17:01:47 GMT

Glen retains job as UK's Economic Secretary of Treasury

John Glen, the UK Economic Secretary to the Treasury, has retained his position after the new British Prime Minister Boris Johnson reshuffled ministerial roles.

Fri, 26 Jul 2019 16:03:04 GMT

Twitter shares surge by 10%

Twitter Inc shares edged higher by 10% on Friday, after the company announced a better than forecast Q2 earnings.

Fri, 26 Jul 2019 15:05:56 GMT

SocGen agrees to sell car leasing firm PEMA

France's Societe Generale has agreed to sell its trailer and truck rental firm PEMA to the infrastructure investment group I Squared Capital's division, as SocGen is moving towards its restructuring plan, which is aimed at selling the non-core assets.

Fri, 26 Jul 2019 13:44:13 GMT

Twitter beats earnings estimates

On Friday, Twitter In posted better than forecast second quarter earnings. The event caused a surge of five percent.

Fri, 26 Jul 2019 13:30:41 GMT

Huawei launches 5G phone, flags Hongmeng device

On Friday, Huawei Technologies has launched the first 5G smartphone in China, adding it would soon roll out smart TVs that are equipped with Huawei's Hongmeng operating system.

Fri, 26 Jul 2019 12:39:03 GMT

China's CATL to launch battery storage business

Contemporary Amperex Technology, the Chinese electric car battery maker, stated it would launch the battery storage business in Japan starting from 2020 under its alliance with the solar power firm Next Energy, as the company seeks to expand its footprint across the world.

Fri, 26 Jul 2019 11:38:18 GMT

US economy likely grows at slowest pace in Q2

The US economic growth likely expanded at the slowest pace in over two years in the Q2 as a speed-up in consumer spending had been potentially offset by weak business investment and exports.

Fri, 26 Jul 2019 10:25:31 GMT

Alibaba's chip unit unveils first core processor IP

Alibaba Group Holding's semiconductor division has launched the first core processor IP, as the Chinese e-commerce and tech giant continues its expansion into advanced technologies.

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