BIZ

Despite slide, experts say it's time for investors to ante up


Investors could start considering upping their ante in the Chinese A-share market even as the market closed the week down nearly 5 percent to land at a historic low, experts said on Friday.


Yuan's international usage remains stable: report

International usage of Chinese currency renminbi, or the yuan, remains stable despite a sharp fall in the offshore exchange rate, according to a new report by Bank of China (BOC).
Source: Xinhua | 2018/8/18 17:32:48

China approves two IPO applications

China's top securities regulator has approved new IPO applications from two companies, which will raise no more than one billion yuan (about 144.93 million US dollars) in the A-share market.
Source: Xinhua | 2018/8/18 11:05:10

Number of US active drilling rigs stays flat this week

The number of active drilling rigs in the United States stayed flat this week, showed weekly data released by Baker Hughes on Friday.
Source: Xinhua | 2018/8/18 11:04:50

Volkswagen CEO, ex-CEO incriminated by staff members: report

Former Volkswagen chief executive officer (CEO) Martin Winterkorn and the company's acting CEO Herbert Diess have both been incriminated in testimonies made by staff during the ongoing "dieselgate" investigations, popular German magazine Spiegel reported on Friday.
Source: Xinhua | 2018/8/18 7:55:16

Google admits tracking users on smart phones despite disabled feature

Google has updated a help page for customers of mobile phones to acknowledge that they still can be tracked for using its Search or Maps services, even if they turn off the phone's tracking feature.
Source: Xinhua | 2018/8/18 7:36:40

China's outbound investment sees steady growth in Jan.-July period

China's non-financial outbound direct investment (ODI) continued steady growth in the first seven months of the year, according to official data.
Source: Xinhua | 2018/8/17 22:47:37

Despite slide, experts say it's time for investors to ante up

Investors could start considering upping their ante in the Chinese A-share market even as the market closed the week down nearly 5 percent to land at a historic low, experts said on Friday.
Source: Global Times | 2018/8/17 22:33:40

Stock dips after African swine fever shuts slaughterhouse

The African swine fever (ASF) caused shares of Chinese pork-producing industry to plunge on Thursday but they stabilized on Friday, after China's top pork producer WH Group shut its major slaughterhouse to stop the spread of deadly ASF.
Source: Global Times | 2018/8/17 22:28:40

Net forex sales in July

Chinese commercial banks saw net foreign exchange sales in July and cross-border capital flows remain basically stable, the country's forex regulator said Friday.
Source: Xinhua | 2018/8/17 22:23:41

Chinese web browser developer apologizes for hyping its product identity

A Chinese software developer that boasted it had developed China's first domestic web browser posted a formal apology on Friday after netizens discovered the company had copied computer code from Google's Chrome browser.
Source: Global Times | 2018/8/17 22:18:40

Five Chinese cities urged to contain housing prices

Government officials in five Chinese cities were asked to step up regulation to contain housing market speculation after house prices in the cities saw rapid rises recently.
Source: Xinhua | 2018/8/17 21:41:04

COMESA pushes for value addition to boost intra-regional trade

The Common Market for Eastern and Southern Africa (COMESA) trading bloc is pushing for value addition in order to boost intra-regional trade, officials said on Friday.
Source: Xinhua | 2018/8/17 21:23:37

Siemens secures major trains order from Austrian National Railway Company

Siemens has secured an order from the Austrian National Railway Company for new train carriages worth more than 1.5 billion euros (1.7 billion US dollars), the Munich-based industrial group announced on Friday.
Source: Xinhua | 2018/8/17 21:09:26