The China Securities Regulatory Commission has approved ICO applications of Zhejiang Merit Interactive Network Technology, CSPC Innovation Pharmaceutical and Ningbo Ginlong Technologies.
Fixed asset investment in the Chinese transportation sector reached $478.9B in 2018 as the country continues to invest in infrastructure projects, the Ministry of Transport reports.
Imports of natural gas to China increased 29.3% in January, compared to the same period the previous year, to 13.7B cubic meters, the National Development and Reform Commission reports.
Central agencies, including the People's Bank of China and the Ministry of Finance, aim to expand financing and reduce taxes and fees for private companies, a spokesperson of the CPPCC says.
China welcomes foreign investment in its automobile market as consumers look for quality-oriented purchases, a Spokesperson of the Ministry of Commerce says.
Algeria and Russia agreed to further improve bilateral cooperation during a visit of the Russian Foreign Minister Sergei Lavrov to the North African country.
China plans to deepen friendship relations with Taiwan despite current tensions, the Chairman of the Chinese People's Political Consultative Conference Yu Zhengsheng says.
Ukraine plans to deepen cooperation in nuclear energy and other areas with the US, the Ukrainian Prime Minister Volodymyr Groysman says.
China plans to further strengthen cooperation with Africa, a chairman of the National Committee of the Chinese People's Political Consultative Conference says.
Rwanda plans to double tourism revenues in the next six years through wildlife conservation, a top official in the Rwanda Development Board says.
The Swiss economy grew 2.5% in 2018, returning to a moderate expansion path mainly due to manufacturing, according the latest government report.
Indonesia's palm oil and derived products' exports grew to 3.25M tons in January, a 4% increase from the prior month earlier, the Gapki stated.
The parliament of Cyprus enacted legislation, paving the way to establish the National Investment Fund to manage revenues from selling the natural gas discovered in the exclusive economic zone.
The US personal income declined $23.8B in January, or 0.1% percent month-over-month, the US Commerce Department stated, while disposable personal income dropped $35.1B in the same period.
Amazon.com announced plans to open grocery stores across the US, as the company is set to expand in the food business, the WSJ reported, citing sources familiar with the matter.
The US personal income declined for the first time in three years last month, while consumer spending dropped markedly in December, putting the country's economy on a weak expansion path early in the Q1.
Linde, the industrial gases group, was targeting 8-12% growth rate in this year's earnings per share owing to cost cuts, even with slowing revenue growth, the company stated.
BNP Paribas agreed with unions over the plan to cut up to 2.5K jobs at the Belgian retail banking unit by the year of 2021 within an effort to diminish costs.
Fiat Chrysler Automobiles and Toyota Motor reported a drop in the US car sales in February, tumbled by weak demand in the industry, with Toyota posting a 5.2% fall to 172,748 vehicles, while Fiat Chrysler said its sales plunged 2% to 162,036 cars.
China's e-commerce giant JD.com is teaming up with Farfetch, folding its high-end venture Toplife into the US fashion retailer's business in China, as JD.com seeks to lure new luxury shoppers.
China's largest peer-to-peer lender Dianrong is planning to shut down 60 stores and lay off about 2K employees due to Beijing's crackdown on excessive leverage and risky practices in the country's financial system.
On Friday, Eaton Corp, the US industrial conglomerate, stated it would split its lighting business arm, which focused on LED lighting production, with the sales of around $1.7B in the previous year.
The Danish brewer Carlsberg announced on Friday it had acquired a minority stake in Jing-A, the Chinese micro brewery, not disclosing any financial details of the deal.
Another unit of the US supermarket chain Kroger, Smith's Food & Drug Stores unit, is set to stop accepting Visa credit cards, starting next month, due to high transaction fees.