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The US Federal Open Market Committee (FOMC) meeting is scheduled on Tuesday, and the US central bank is expected to raise interest rates for the first time this year.
Source: Agencies-Global Times | 2018/3/18 22:08:39

IQiyi launches $2.4b US IPO

Chinese videostreaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc, has launched an IPO in New York worth up to $2.4 billion, seeking to expand its range of content.
Source: Reuters-Global Times | 2018/3/18 22:03:40

China Minsheng LatAm deal

Anglo-South African financial services group Old Mutual is selling three businesses in Latin America to China Minsheng Investment Group International for around $300 million, Reuters reported over the weekend, citing a source familiar with the matter.
Source: Reuters-Global Times | 2018/3/18 22:03:40

China-Myanmar power plant

A China-Myanmar joint venture power plant in Myanmar was inaugurated in Yangon on Saturday, the Xinhua News Agency reported.
Source: Reuters-Global Times | 2018/3/18 22:03:39

Netizens debate cruise-control 'failure' on Mercedes car

Netizens in China are debating what went wrong after a video of a Mercedes-Benz that reportedly went out of control at high speed on an expressway in Central China's Henan Province went viral last week.
Source: Global Times | 2018/3/18 21:58:40

Didi to launch food delivery business on April 1: report

Domestic ride-hailing provider Didi Chuxing will launch a food delivery business in Wuxi, East China's Jiangsu Province on April 1, the Beijing News newspaper reported on Saturday, citing sources.
Source: Global Times | 2018/3/18 21:53:40

About-face for JD in 'fake' pillow case Inc (JD) on Saturday said that its management has undertaken "comprehensive reflection and self-criticism" on complaints of "fake products" sold on JD Worldwide, a subsidiary that specializes in cross-border e-commerce, a reversal of an announcement released on Wednesday.
Source: Global Times | 2018/3/18 21:53:39

Real estate reform

It has been almost a year since the Beijing municipal authorities announced tightened rules to rein in the country's over-sizzling property market. Industry analysts say that the new detailed measures, such as raising down payments for second homes and tightened credit lending, represent one of the most stringent grips on the real estate market to date. So what does China's property market look like now one year after the rules took effect? The Global Times spoke with several property agencies and homebuyers to understand their experiences of the real estate industry over the past year.
Source: Global Times | 2018/3/18 18:23:39

Sterling slips on dollar rebound, growing Brexit nerves

The pound sterling fell on Friday as the dollar rebounded across the board but it is still set for its biggest weekly rise in a month as investors became cautiously hopeful that the UK would strike a transition deal at a summit next week for its EU exit.
Source: Reuters-Global Times | 2018/3/18 17:53:39

China stocks decline on increasing worries over US protectionism

China stocks fell on Friday and ended the week lower, dragged by consumer and material firms, as reports of more chaos in the Trump administration added to concerns about rising US protectionism.
Source: Global Times | 2018/3/18 17:48:40

Marking a milestone

Guests look at a miniature model of China's first polar adventure cruise during an event to mark the start of the ship's construction in Haimen, East China's Jiangsu Province, on Friday. The 104-meter-long 18-meter-width cruise will be capable of accommodating 255 passengers and will come with complete facilities for entertainment, leisure, eating, water sports and maritime exploration purposes. The cruise ship is being manufactured by a subsidiary of China Merchants Group and is expected to go into service in August 2019. Photo: IC
Source: IC | 2018/3/18 17:48:39

Hong Kong tycoon Li Ka-shing announces retirement

Hong Kong tycoon Li Ka-shing said on Friday that he is retiring from his business empire.
Source: Xinhua | 2018/3/17 22:58:49

Boeing's new 737 MAX 7 aircraft completes successful maiden flight

U.S. top aerospace manufacturer Boeing Company announced Friday the successful test flight of its new 737 MAX 7 airplane, which is put on track for delivery in 2019.
Source: Xinhua | 2018/3/17 22:55:35

Hong Kong tycoon Li Ka-shing announces retirement

Hong Kong tycoon Li Ka-shing said on Friday that he is retiring from his business empire.
Source: Xinhua | 2018/3/17 9:02:53

VW to recall 30,000 Touaregs in China for faulty drain valves

German automaker Volkswagen announced a recall of 33,142 Touareg vehicles in the Chinese market due to faulty drain valves.
Source: Global Times | 2018/3/16 23:03:39

Tencent denies Ripple investment plans

Chinese tech firm Tencent said Friday reports that it is thinking of investing in Ripple are fake news.
Source: Global Times | 2018/3/16 18:33:39

Dongfeng Motor plans to more than double overseas sales by 2020

Dongfeng Motor Corporation, China's second largest automaker, expects to more than double its overseas sales in the next three years, as it seeks to expand its presence in overseas market.
Source: Xinhua | 2018/3/16 17:15:14

ZTE reports revenue over 100 bln yuan in 2017

Chinese telecommunications company ZTE reported full-year operating revenue of 108.8 billion yuan (17.2 billion US dollars) last year, according to the company's annual report released Thursday.
Source: Xinhua | 2018/3/16 14:21:21