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Nation's November iron ore imports fall: customs data

China's iron ore imports fell for a second month in November, customs data showed on Saturday, pulled down by waning restocking demands at steel mills as profit margins narrow.
Source: Reuters | 2018/12/9 17:20:30

China stocks end flat as drugmakers slump

China's main equity market indexes ended flat on Friday in thin trade as investors remained cautious after the arrest of a senior Huawei executive sparked a global sell-off on fears it could derail hopes for a lasting US-China trade detente.
Source: Global Times - Reuters | 2018/12/9 17:18:34

OPEC, Russia reach deal to slash oil output

OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from US President Donald Trump to reduce the price of crude.
Source: Reuters-Global Times | 2018/12/9 17:16:58

US stocks close sharply lower amid soft data

US stocks closed sharply lower on Friday as investors digested a batch of economic data.
Source: Xinhua | 2018/12/9 7:44:39

Solar shines in Qinghai

Visitors look at a miniature model of a solar power installation in Gonghe County, Hainan Tibetan Autonomous Prefecture, West China's Qinghai Province on Saturday. Authorities in Qinghai have invested heavily in solar capacity which makes full use of its natural advantages.
Source: VCG | 2018/12/8 9:58:40

Aussie businesses switch on to WeChat to tap Chinese market

Aussie businesses are learning how to use WeChat thanks to two seminars which took place in the South Australian (SA) city of Adelaide during the week.
Source: Xinhua | 2018/12/7 14:45:14

Solar shines in Qinghai

Visitors look at a miniature model of a solar power installation in Gonghe County, Hainan Tibetan Autonomous Prefecture, West China's Qinghai Province on Saturday.
Source: VCG | 2018/12/7 12:13:40

Significant crude oil price declines send shocking waves to equities trading

US stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting a sign of weakness in global growth at a time when they are already weighing when the long economic expansion will end.
Source: Reuters | 2018/12/7 12:08:40

Stocks edge down amid Huawei executive arrest

Sharp losses in technology shares pulled down benchmark stock indexes in China's mainland and Hong Kong on Thursday, after a senior executive of technology giant Huawei was arrested in relation to alleged violations of US sanctions.
Source: Reuters | 2018/12/7 12:08:40

Dollar's unrivaled surge to reverse

The dollar, which has enjoyed an unrivaled surge against its peers this year, will be undermined in 2019 on increasing concerns about slowing US economic growth, a Reuters poll showed.
Source: Reuters | 2018/12/7 12:08:40

OPEC's meeting concludes without yielding output cut decision

No oil output cut decision was announced on Thursday after hours of a meeting of the Organisation of the Petroleum Exporting Countries (OPEC).
Source: Xinhua | 2018/12/7 8:25:27

Oil prices plunge as no pullback deal reached at OPEC meeting

Oil prices extended much losses on Thursday, as OPEC wrapped up a much-anticipated meeting with no decision on the level of potential output cut.
Source: Xinhua | 2018/12/7 8:19:02

Boeing forecasts strong growth for aircraft financing in 2019

Aircraft financing will continue to grow strong next year as about 143 billion US dollars will be invested in meeting the demand for new commercial airplanes, US top aircraft manufacturer Boeing Company (Boeing) said Thursday.
Source: Xinhua | 2018/12/7 8:14:39

China's central bank tightens grip on online payment platforms' reserve funds

The People's Bank of China (PBC), the central bank, has moved in recent days to tighten regulations on reserve funds of the country's booming online payment platforms, which could help protect consumers and upgrade the industry.
Source: Global Times | 2018/12/6 22:48:48

China's Xiaomi takes lead in showcasing first 5G model

Xiaomi showcased the first fifth-generation (5G) version of its flagship smartphone – Mi MIX 3 – on Thursday, becoming the first domestic vendor to do so.
Source: Global Times | 2018/12/6 22:48:47

Tesla opens tender for Chinese Gigafactory

Tesla Inc has opened a tender for the construction of its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent.
Source: Reuters | 2018/12/6 22:48:46

Apple speaker release

Apple Inc said Wednesday that it will offer its HomePod wireless speaker to Chinese customers for the first time in early 2019, less than one year after the smart device was launched in the US and Canada.
Source: Global Times - Xinhua | 2018/12/6 22:48:45

Shanghai biomedicine plan

Shanghai has unveiled a three-year action plan to build high-end manufacturing parks for biological medicine by 2020, as the city seeks to become a biomedical innovation hub, local officials said on Thursday.
Source: Global Times - Xinhua | 2018/12/6 22:48:45