News

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Sun, 12 May 2019 11:33:34 GMT

Ant Financial unveils mutual aid plans aimed at seniors

Alibaba's affiliate Ant Financial is planning to roll out its mutual aid plan aimed at seniors at 60-70 years old, which would be the extended version of the company's online healthcare platform called Xiang Hu Bao.

Sun, 12 May 2019 11:27:13 GMT

Volvo to phase out over 6K vehicles in China

Volvo Automobile Sales is set to recall 6.223 vehicles in China, including XC90 model produced in the 2014-2016 period, due to safety concerns raised over defects found in the engine cooling system that increase its fire risk.

Sun, 12 May 2019 10:26:35 GMT

CNOOC to boost tech collaboration, interchange

China National Offshore Oil Corporation is planning to boost international technology collaboration and interchange to become more competitive at the global market, China's energy industry insider reported.

Sun, 12 May 2019 10:04:04 GMT

Disney's fiscal Q2 earning top estimates

Walt Disney reported its Q2 earning results for the current year exceeded analysts' estimates with an 81% rise to $3.53 from $1.95 in the previous-year quarter.

Sun, 12 May 2019 09:15:29 GMT

Toyota to bolster China eco-vehicle production via investment

Toyota Motor considers investing over $2.2B in China to bolster the eco-friendly vehicles production in cooperation with China's GAC Group, as the Japanese carmaker seeks to meet the rising demand for eco-vehicles.

Sun, 12 May 2019 08:58:24 GMT

China's DLG ties up with Aussie lithium firm

Lithium Australia has tied up with China's battery manufacturer DLG, seeking to supply Australia's market with its lithium batteries and cooperate together on technology development.

Sun, 12 May 2019 08:37:37 GMT

China's cities become leaders in mobile payment development

Beijing, Shanghai and Hangzhou are the top three China's cities that became leaders in the mobile payment development last year, according to a recent report.

Sun, 12 May 2019 07:39:40 GMT

UK Conservatives fall to fourth place in EU election poll

Britain's Conservative Party, led by the Prime Minister Theresa May, dropped to a fourth place in the European election poll, which is well below the new Brexit Party led by Nigel Farage, the Observer newspaper's latest poll showed.

Sun, 12 May 2019 07:34:47 GMT

Israel's Netanyahu needs more time to build government

The Israeli PM Benjamin Netanyahu is set to ask the country's President for extra time to establish the government, after receiving a 28-day period to do it with a possible extension of 14 days, according to Israel's law.

Sun, 12 May 2019 06:27:36 GMT

Great Wall Motor sees surge in 2019 sales

Great Wall Motor viewed its 2019 vehicle sales rise 8.65% year-over-year to 367,680 cars during the January-April period, adding its SUV sales surged 2.3% yoy to 298,394 units.

Sun, 12 May 2019 06:27:06 GMT

BYD NEV posts annual 123% growth in Jan-April period

China's leading manufacturer of the new energy vehicles, BYD, reported a 123.1% growth in its sales for the 2019 January-April period due to continuing market boom, saying it had sold 97,183 NEVs this year, compared to 43,555 units last year.

Sun, 12 May 2019 05:08:35 GMT

Air France-KLM posts growth in April passenger numbers

Air France-KLM, Europe's leading airline, reported a 9.2% growth in its passenger traffic last month, as it numbered 7.46M passengers in April, up 8.8% from the previous year's same period.

Sun, 12 May 2019 05:01:47 GMT

VW to recall nearly 93K vehicles in China

Volkswagen is set to recall 92,621 defective vehicles in China starting from June 28 amid gearbox control modules and would involve over a dozen models such as Golf, Scirocco, Audi, Sagitar and the Beatle, according to the Chinese market regulator.

Sun, 12 May 2019 04:30:34 GMT

CITIC reports drop in April net profit

China's major brokerage company CITIC Securities reported a sharp decline in its April net profit to 526M yuan, down from its 1.38B yuan in March, according to the company's statement filed with the Shanghai Stock Exchange.

Sun, 12 May 2019 04:30:18 GMT

Nissan China, Dongfeng Motor to recall 2.5K vehicles

Nissan China and Dongfeng Motor are planning to recall 2.467 defective vehicles, with Dongfeng to phase out 314 Nissan Civilian buses produced between 2012-2013, while Nissan China to recall 2.153 the same model vehicles, manufactured in the 1998-2012 time period.

Sun, 12 May 2019 02:51:13 GMT

China's aluminium products export grows at steady pace

China's aluminium products export maintains sustainable growth in the Q1, amounting to 1.28M tonnes, which is up 13.1% from the last year's same period, the MIIT reported.

Sun, 12 May 2019 02:50:54 GMT

Guangqi Honda to phase out 3.3K vehicles

Guangqi Honda Automobile is set to recall 3.316 imported cars in China starting from May 13, including the Acura MDX model, produced between September 2013 and August 2017, the country's State Administration for Market Regulation reported.

Sun, 12 May 2019 02:29:54 GMT

Ant Financial, Tencent win HK virtual bank licences

The Monetary Authority of Hong Kong granted their approval to issue the virtual banking licences to four entities, including Ant Financial and Tencent Holdings, aiming to encourage financial innovation in ex-Britain's colony.

Sun, 12 May 2019 02:28:37 GMT

Mitsubishi, MUFG Bank to invest $1.63B in Chiyoda

The trading house Mitsubishi and MUFG Bank are set to extend the total of $1.63B in their funding to Chiyoda, sending about 30 managers and executives in a move to assist the plant-engineering company with recovering from its massive losses.

Sat, 11 May 2019 20:39:16 GMT

Insys may file for bankruptcy amid litigation cash crunch

Insys Therapeutics may file for a bankruptcy due to a cash crunch that resulted from its legal costs related to the US Justice Department inquiry into sales practices for firm's powerful opioid medication.

Sat, 11 May 2019 20:30:44 GMT

HSBC profit lifts on Asian operations improvement

On Friday, HSBC Holdings reported its profit soared due to a major improvement in the group's Asian operations with banking major marking the company is on track to reach its goals.

Sat, 11 May 2019 19:34:36 GMT

China's Suzhou launches property tightening measures

China's Suzhou is planning to implement new property tightening measures in some city parts to restrict house buyers from selling property during three years, the country's government stated on Saturday.

Sat, 11 May 2019 19:28:56 GMT

BTG Pactual has no plans for EFG International stake sale

Banco BTG Pactual, the Brazilian investment bank, is not planning a sale of its Swiss lender EFG International stake, BTG's CFO João Dantas announced on Friday.

Sat, 11 May 2019 18:39:14 GMT

Britain's Labour pledges to increase youth minimum wage

The future Britain's Labour government would over double the youth minimum wage for employees under the 18-year age to £10 per hour, the party's leader announced on Saturday.

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