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U.S. mortgage applications tumble amid concerns over economic outlook, gov't shutdown

Mortgage applications in the United States dropped sharply last week, as homebuyers were concerned about a slower economic growth and ongoing government shutdown, according to Mortgage Bankers Association (MBA) on Thursday.
Source: Xinhua | 2019/1/4 12:19:16

Airlines drop fuel surcharge

Major domestic carriers, including Hainan Airlines, Lucky Air, Shenzhen Airlines and Grand China Air Co, have announced in recent days that they will cancel fuel surcharges starting from Saturday.
Source: Global Times - Xinhua | 2019/1/3 20:43:39

New services, deals

China Southern Airlines said on Wednesday that the state-owned Gulf carrier Qatar Airways has acquired a 5 percent stake in it, making Qatar Airways the second foreign carrier holding an equity stake in the airline, after American Airlines. Qatar Airways also owns a 20 percent stake in British Airways' parent International Airlines Group, 10 percent of South America's LATAM Airlines Group SA, 49 percent of Italy's Meridiana and a 9.99 percent stake in Hong Kong's Cathay Pacific, according to Reuters.
Source: Global Times | 2019/1/3 17:33:40

Cyber security, privacy protection will be top priorities: Huawei founder

In a written letter to employees on Wednesday, Huawei founder Ren Zhengfei said cyber security and privacy protection will become top priorities for the company, and he emphasized that Huawei will continue to manufacture reliable products.
Source: Global Times | 2019/1/3 17:13:39

Xinjiang launches 2nd railway to export coal

China's far western Xinjiang region on Thursday put into trial operation its second railway mainly specializing in transporting coal to other parts of the country.
Source: Xinhua | 2019/1/3 16:53:34

China's aerospace and military technology shares surge, driven by successful lunar probe landing

Stocks in China's A-share market related to aerospace and military sectors ended Thursday morning in positive territory thanks to investors' confidence in the sectors, encouraged by the successful landing on the moon of China's Chang-e'4 lunar probe and the expected industrial growth in the new year.
Source: Global Times | 2019/1/3 13:05:40

Ukraine reduces gas imports by 24.6 pct in 2018

Ukraine's natural gas imports dropped by 24.6 percent in 2018 due to higher domestic production and decreased consumption, local media reported on Wednesday, citing a report by the state-run Ukrtransgaz company.
Source: Xinhua | 2019/1/2 22:45:58

Quanjian's business empire on the verge of failing

The scandal of China's healthcare products maker, Quanjian, after it was exposed to have made false marketing claims about some of its medical products continued to ferment, with the government initiating investigations into the healthcare product giant.
Source: Global Times | 2019/1/2 19:33:39

Metro tracks extending

The extended western line of Beijing's Metro No.6 line enters trial operations on Tuesday. The 10.55-kilometer line has six stations. The opening will bring convenience to residents in Beijing's western area. Photo: VCGMetro tracks extending
Source: VCG | 2019/1/2 19:20:38

PBC drains liquidity

China's central bank drained liquidity from the financial system on Wednesday, with more reverse repos maturing than conducted.
Source: Xinhua-Global Times | 2019/1/2 19:13:39

S. Korean carmakers' global auto sales rise in 3 years in 2018

South Korean carmakers' global auto sales rose in three years last year due to a temporary tax cut for car purchase in the local market and solid demand from emerging economies, industry data showed on Wednesday.
Source: Xinhua | 2019/1/2 16:47:32

China's top property developers to moderate after booming 2018: newspaper

China's leading real estate developers are expected to grow at a moderated pace after stellar growth in 2018, the China Daily reported Wednesday, citing industry analysts.
Source: Xinhua | 2019/1/2 11:58:28

Russia's VAT rate officially rises to 20 pct

Russia's value-added tax (VAT) rate was officially increased to 20 percent from 18 on Tuesday, according to a law signed by Russian President Vladimir Putin.
Source: Xinhua | 2019/1/1 23:54:52

Chinese businesses eye Kaesong reopening in North Korea

The potential resumption of North Korea's Kaesong industrial park, previously operated together with South Korea, and the Mount Kumgang resort has prompted Chinese entrepreneurs and travel agencies to take a new look at business opportunities in North Korea.
Source: Global Times | 2019/1/1 19:05:40

Indian markets close higher

Indian markets closed higher Tuesday.
Source: Xinhua | 2019/1/1 19:03:50

Futu to go public in US

Futu Holdings, a Hong Kong-based online brokerage, plans to debut in the US stock market in 2019 as it filed for an IPO with the US Securities and Exchange Commission on Friday.
Source: Xinhua-Global Times | 2019/1/1 18:33:40

Shandong charging facilities

East China's Shandong Province plans to build up to 100,000 charging facilities for new-energy vehicles (NEVs) by 2022, according to the State Grid Shandong Electric Power Co.
Source: Xinhua-Global Times | 2019/1/1 18:33:39

Chinese online brokerage Futu to go public in US in 2019

Futu Holdings, a Hong Kong-based online brokerage, plans to debut in the US public markets next year as it filed for an initial public offering (IPO) with the US Securities and Exchange Commission on Friday.
Source: Xinhua | 2019/1/1 11:12:23