News

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Sat, 02 Mar 2019 20:28:33 GMT

S. Korea exports decline

Exports from South Korea declined for a third consecutive month to $39.56B in February on weak demand for local semiconductors, the Ministry of Trade, Industry and Energy reports.

Sat, 02 Mar 2019 20:27:54 GMT

India growth falls to 6.6% in Q4

The Indian economy expanded 6.6% in the last quarter of 2019, the slowest increase in a year, the Central Statistics Office reports.

Sat, 02 Mar 2019 19:35:53 GMT

Indonesia palm oil exports increase 4%

Exports of palm oil and derived products from Indonesia increased to 3.25M tons in January, an increase of 4% from the prior month, the Indonesian Palm Oil Producers Association says.

Sat, 02 Mar 2019 19:35:16 GMT

South Sudan raises telecom rates

South Sudan's telecom regulatory body increased local and international call rates by 40% following the depreciation of the South Sudanese pound.

Sat, 02 Mar 2019 17:57:34 GMT

Kenya issues $500M of debt to finance infrastructure projects

Kenya issued $500M of long term debt at 12.2% on Friday as the country seeks funds to finance infrastructure projects, the Central Bank of Kenya reports.

Sat, 02 Mar 2019 17:56:51 GMT

Kenya to invest $26B in housing sector by 2022

Kenya plans to invest $26B in the housing sector by 2022 to provide affordable housing, the Cabinet Secretary in the Ministry of Transport, Infrastructure, Housing and Urban Development James Macharia says.

Sat, 02 Mar 2019 17:38:24 GMT

Qatar, US discuss trade, peace

The Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and the Senior Adviser to the US President Donald Trump Jared Kushner discussed Israel and Palestine relations and bilateral trade.

Sat, 02 Mar 2019 17:37:44 GMT

IMF experts to visit Ukraine

A team of experts from the International Monetary Fund will visit Ukraine to discuss economic developments and implementation of reforms, the IMF Resident Representative Goesta Ljungman reports.

Sat, 02 Mar 2019 16:02:09 GMT

Ukraine receives $602M loan

Ukraine has raised $602M through Deutsche Bank under the guarantee of the International Bank for Reconstruction and Development, the Ukrainian Finance Ministry reports.

Sat, 02 Mar 2019 16:01:49 GMT

Swiss economy expands 2.5%

The Swiss economy grew 2.5% in 2018 as the chemical and pharmaceutical sectors showed strong performance, the State Secretariat for Economic Affairs reports.

Sat, 02 Mar 2019 15:32:41 GMT

European Investment Bank provides $2.15B to Greece

The European Investment Bank provided $2.15B for energy and urban investment projects across Greece in 2018, the EIB Vice President Andrew McDowell says.

Sat, 02 Mar 2019 15:32:20 GMT

IMF praises Portugal efforts to combat crisis

Portugal deserves a huge credit for efforts in combating the economic crisis in the country, the Head of the International Monetary Fund Christine Lagarde says.

Sat, 02 Mar 2019 14:03:31 GMT

Number of online shoppers reaches 610M in China

The number of online shoppers in China reached 610M in December 2018, an increase of 14.4% from the prior year, the China Internet Network Information Center reports.

Sat, 02 Mar 2019 14:02:47 GMT

China, Nepal to build Huaxin Cement plant

China and Nepal entered into a joint venture to construct a new advanced $140M cement plant in the central Nepal, China's Huaxin Cement reports.

Sat, 02 Mar 2019 13:37:17 GMT

China B&R bond issuance rises

Eleven companies have issued a combined $3.5B of Belt and Road bonds since a financing channel has been introduced in 2018, the China Securities Regulatory Commission says.

Sat, 02 Mar 2019 13:36:18 GMT

Tibet growth reaches 9.1%

The economy of China's Tibet Autonomous Region expanded 9.1%, below an estimate of 10%, to $22B in 2018, the National Bureau of Statistics reports.

Sat, 02 Mar 2019 12:02:45 GMT

China approves three new IPO applications

The China Securities Regulatory Commission has approved ICO applications of Zhejiang Merit Interactive Network Technology, CSPC Innovation Pharmaceutical and Ningbo Ginlong Technologies.

Sat, 02 Mar 2019 12:02:05 GMT

China invests $479B in transport sector

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.

Sat, 02 Mar 2019 11:28:07 GMT

China imports of natural gas rise 29.3%

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.

Sat, 02 Mar 2019 11:27:02 GMT

China aims to support private sector

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.

Sat, 02 Mar 2019 09:47:29 GMT

China welcomes investment in auto industry

China welcomes foreign investment in its automobile market as consumers look for quality-oriented purchases, a Spokesperson of the Ministry of Commerce says.

Sat, 02 Mar 2019 09:46:20 GMT

Algeria, Russia to enhance economic ties

Algeria and Russia agreed to further improve bilateral cooperation during a visit of the Russian Foreign Minister Sergei Lavrov to the North African country.

Sat, 02 Mar 2019 09:33:38 GMT

China promises friendship with Taiwan

China plans to deepen friendship relations with Taiwan despite current tensions, the Chairman of the Chinese People's Political Consultative Conference Yu Zhengsheng says.

Sat, 02 Mar 2019 09:32:52 GMT

Ukraine to deepen energy cooperation with US

Ukraine plans to deepen cooperation in nuclear energy and other areas with the US, the Ukrainian Prime Minister Volodymyr Groysman says.

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