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US set to end 2018 as world's top oil producer on back of shale revolution: EIA

US crude oil output growth was expected to slow slightly for this year compared with previous forecasts, said the Energy Information Administration (EIA), but at a record 10.88 million barrels per day (bpd), the nation will end 2018 as the world's top producer.
Source: Reuters-Global Times | 2018/12/12 18:19:44

Pay with your face

A customer weighs fruit next to a facial recongition screen at a Tongxingcheng grocery store in Xicheng District in Beijing on Tuesday. Tongxingcheng is now using cutting-edge tech to allow customers to use facial recognition mobile payments. The store will cooperate with Alibaba e-commerce platform Tmall to provide a one-hour delivery service to customers living within a three-kilometer radius. With four stores in the district, Tongxingcheng plans to expand across the city. Photo: VCG
Source: VCG | 2018/12/12 18:18:41

First Fintech Bridge China-UK Conference held in London

The first Fintech Bridge China-UK Conference was held on December 11 in the City of London, to promote international fintech innovation, collaboration and cross-border investments.
Source: Global Times | 2018/12/12 16:58:41

First Fintech Bridge China-UK Conference held in London

The first Fintech Bridge China-UK Conference was held on December 11 in the City of London, to promote international fintech innovation, collaboration and cross-border investments.
Source: Global Times | 2018/12/12 16:43:40

Chinese shares close higher Wednesday

Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.31 percent, at 2,602.15 points.
Source: Xinhua | 2018/12/12 16:03:23

China treasury bond futures close mixed Wednesday

China's treasury bond futures closed mixed on Wednesday, with the contract for December 2018 closing 0.35 percent lower at 100.145 yuan (about 14.5 US dollars).
Source: Xinhua | 2018/12/12 16:02:42

Major US financial institutions forecast choppier global Forex market, weaker dollar in 2019

Leading US financial institutions, including Bank of America (BofA) Merrill Lynch and UBS, projected volatility in the dynamic global foreign exchange (Forex) market in the year ahead, casting a bearish outlook on the US dollar.
Source: Xinhua | 2018/12/12 9:34:40

U.S.-Mexico-Canada trade deal brings new opportunities for Chinese companies: experts

Business community leaders agreed during a seminar in Houston that the new free trade agreement among the United States, Mexico and Canada will bring unique opportunities for Chinese companies.
Source: Xinhua | 2018/12/12 8:30:49

China won't close its doors for tech collaboration even after Huawei CFO' arrest: experts

China will pursue its own path in technology development by welcoming competition and further opening up its market, and will not shut its doors when facing external pressure, experts said.
Source: Global Times | 2018/12/11 22:27:24

November car sales fall 14 percent, steepest contraction since 1990: industry body

China's automobile sales fell 13.9 percent in November from a year earlier, the country's top auto industry association said Tuesday, marking the steepest drop in more than six years in the world's largest auto market.
Source: Reuters-Global Times | 2018/12/11 19:18:40

China blockchain ventures edging Japanese rivals in innovation, application

Chinese fintech companies have an edge in blockchain application innovations and are more flexible in responding to market demands, Mika Yan, executive director of Japan-based TecArashi Investment Co, told the Global Times on Tuesday.
Source: Global Times | 2018/12/11 19:18:40

Pound near 20-month low against dollar on Brexit setback

The pound languished near a 20-month low against the dollar on Tuesday after British Prime Minister Theresa May postponed a crucial vote on her Brexit deal, raising the risk of a chaotic exit from the European Union.
Source: Reuters-Global Times | 2018/12/11 18:53:40

China shares strengthen on positive trade news

China stocks ended higher on Tuesday in very thin trade as Beijing confirmed that it is still in trade talks with Washington, and as investors looked to market support from government policies aimed at countering slowing growth.
Source: Reuters-Global Times | 2018/12/11 18:53:39

Oil prices rise on Libyan export interruption

Oil prices edged up on Tuesday after Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group.
Source: Reuters-Global Times | 2018/12/11 18:48:39

S.Korea's Hyundai Motor to expand hydrogen business beyond automobile

Hyundai Motor, South Korea's biggest carmaker, said Tuesday that it will expand hydrogen business beyond the automotive transportation sector in accordance with the global transition to clean energy.
Source: Xinhua | 2018/12/11 14:56:47

Iran, US have stiff competition in global pistachio market

Global pistachio market is dominated by Iran and the US who are in stiff competition to gain a bigger share of the market, said the head of Iran Pistachio Association.
Source: IRNA | 2018/12/11 8:23:43

China's internet service sector grows steadily in Jan.-Oct. period

China's internet service and related sectors maintained sound growth in the first 10 months of the year, seeing a stable market expansion of online streaming apps, data showed.
Source: Xinhua | 2018/12/11 7:57:53

China's AI industry rising fast, but breakthroughs required to maintain growth: experts

The next round of growth for China's booming artificial intelligence (AI) industry lies in broader and deeper integration with traditional industries to expand the application scenarios, along with breakthroughs in basic scientific research to solve the “last mile” problems of AI application, analysts said on Monday.
Source: Global Times | 2018/12/10 21:43:39