BUSINESS >> Economy

US trade deficit with China narrows in November

The US trade deficit narrowed by 11.5 percent to $49.3 billion in November last year, citing a decline in imports, according to a report from the US Commerce Department on Wednesday.
Source: Global Times | 2019/2/7 13:37:00

Pakistan, Russia ink accord for offshore oil exploration

Pakistan and Russia on Wednesday signed an agreement for offshore oil and gas exploration activities in the southern Asian country, besides installation of a pipeline which would supply gas to Pakistan from the Middle East through the sea-link.
Source: Xinhua | 2019/2/6 22:59:39

French FinMin calls EU refusal of Alstom-Siemens rail merger "economic mistake"

The European Commission had made "an economic mistake" by blocking a deal between France's Alstom and Germany's Siemens to combine their activities to face foreign harsh competitiveness, French Finance Minister Bruno Le Maire said on Wednesday.
Source: Xinhua | 2019/2/6 22:30:04

SoftBank's group net profit doubles in April-December period as tech investments pay dividends

SoftBank Group Corp. said Wednesday its group net profit increased 51.6 percent in the April-December period owing to gains from investments through its Saudi-backed Vision Fund, which helped offset market losses connected to US chipmaker Nvidia.
Source: Xinhua | 2019/2/6 21:21:09

ADB assists Bangladesh in promoting micro-enterprise development

The Asian Development Bank (ADB) and the Bangladeshi government Wednesday signed an agreement for 50 million US dollars in loan to promote micro-enterprise development for inclusive economic growth and poverty reduction.
Source: Xinhua | 2019/2/6 17:43:14

Bangladesh's trade deficit in first half of fiscal 2018-19 narrows on export pick-up

Bangladesh's trade deficit narrowed slightly in the first half of the current 2018-19 fiscal year (July 2018-June 2019) on the back of an increase in exports, said a central bank official on Wednesday.
Source: Xinhua | 2019/2/6 15:41:35

Chinese-made electric buses arrive in Ecuador

Ecuador has received its first fleet of Chinese-made electric buses designed to modernize urban public transit and improve sustainability in Guayaquil, the country's main port and second most populous city, with some 2 million residents.
Source: Xinhua | 2019/2/6 10:24:08

China's online payment platforms achieve record 'red envelops' for Spring Festival

Digital transferring platforms run by China's leading internet companies weathered mounting pressure from online transactions during the Chinese New Year celebrations with peak transfers reaching as high as 44,000 deals per second, domestic media reported on Tuesday.
Source: Global Times | 2019/2/5 11:29:04

China to remain NYSE's major contributor of int'l IPOs in 2019

China has been a major market for the New York Stock Exchange (NYSE) when it comes to international initial public offerings (IPOs) over the past few years, and the trend will continue in 2019, according to the exchange.
Source: Xinhua | 2019/2/5 10:00:30

Cross-border e-commerce pilot zone opens bonded import business to cut price, logistic time

A cross-border e-commerce pilot zone in south China started its first bonded import business on Sunday, a practice believed to benefit businesses in terms of lower logistics cost and provide consumers with cheap and fine products, local officials said.
Source: Xinhua | 2019/2/4 10:41:21

New Zealand's new homes consented reach 14-year high

Nearly 33,000 new homes were consented in the December 2018 year, the highest in any year since mid-2004, the country's statistics department Stats NZ said on Monday.
Source: Xinhua | 2019/2/4 9:43:59

China grants tax benefit to boost employment of the needy

The Chinese government has decided to grant a three-year-long tax benefit to inspire self-employment and support small companies to hire more people in need.
Source: Xinhua | 2019/2/3 22:39:28

Rating agency Moody's terms Pakistan mini-budget positive for export sector

A US rating agency Moody termed the Pakistani government's recently presented mini-budget as "positive" for manufacturing and export-oriented sectors, local media reported Saturday.
Source: Xinhua | 2019/2/3 9:04:57

Diligent Chinese offer glimpse into country's economic miracle

"With or without money, go home for Spring Festival" seems to be the prevailing sentiment that drives millions of Chinese to head home ahead of the most important holiday for family reunions. Meanwhile, some others, mostly from China's booming services sector, choose to stick to their posts during the week-long holidays to serve other people, a scenario that offers a glimpse of China's hardworking grass-roots workers, who have been a major driving force of the country's economic growth.
Source: Global Times | 2019/2/2 21:28:40

State-owned firm to buy more US soybeans following trade talk progress

Recent trade talks between China and the US have yielded positive results, laying the foundation for reaching a deal before the March 1 deadline and sending out positive signals to global markets.
Source: Global Times | 2019/2/2 20:28:40

Festival's 'ghost cities' reflect local economic vigor amid China's rising urbanization

As the time draws near for people to enjoy the hustle and bustle of the Spring Festival holidays, some domestic cities are nevertheless turning into “ghost cities” that have fewer people and operating shops compared with normal days. Contrary to the conventional image of the ghost cities, analysts believe that the vast number of “ghost cities” showcase the local economic vitality amid China's ongoing urbanization.
Source: Global Times | 2019/2/1 22:11:30

Latest China-US trade talks progress

China and the US are marching toward a landmark trade agreement to end their months-long standoff, as officials made important progress in their latest round of talks in Washington and paved the way for more talks, including a meeting between top leaders of the two countries.
Source: Global Times | 2019/2/1 21:53:40

Chinese academic players lead in AI patent filing: WIPO report

Chinese academic institutions and companies are leading players in global artificial intelligence (AI) technologies, according to a recent report from the World Intellectual Property Organization (WIPO).
Source: Global Times | 2019/2/1 21:49:05