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U.S. stocks close sharply lower amid rising rates fears

U.S. stocks closed sharply lower on Wednesday as rising rate fears and tech share sell-off rattled the market.
Source: Xinhua | 2018/10/11 9:34:16

Technology, internet entrepreneurs dominate Hurun rich list

The rise of the wealth of entrepreneurs from the technology and internet industries -- led by China's richest man Alibaba's founder Jack Ma Yun -- in the Hurun China Rich List of 2018 reflects a broad picture of China's economy, experts said.
Source: Global Times | 2018/10/10 22:03:42

Toyota considers building Lexus models in China

Toyota Motor Corp, long opposed to producing its premium Lexus cars in China because of concerns over quality and profitability, is now considering it to ignite growth and narrow sales gaps with its German rivals, four company insiders said.
Source: Reuters | 2018/10/10 21:28:42

High-speed railway system extends

View of the Zhengzhou-Wanzhou high-speed railway in Nanyang, Central China's Henan Province. The 818-kilometre railway, which links Zhengzhou in Henan province and Wanzhou in Southwest China's Chongqing, will be put into operation in 2022. Once completed, it is expected that the driving speed on the railway could reach 350 kilometers per hour, and travel time from Zhengzhou to Chongqing could be shortened to four hours. Photo: VCG
Source: VCG | 2018/10/10 17:53:40

China shares end mixed, Shanghai index up 0.18%

China's blue-chip index fell for a third consecutive day on Wednesday, but the main Shanghai Composite index rose as investors weighed government support for continued growth against the impact of the US-China trade war.
Source: AFP-Global Times | 2018/10/10 17:48:41

Crude oil declines as IMF lowers global growth outlook

Oil prices edged lower on Wednesday after the IMF lowered its global growth forecasts but prices were supported as Hurricane Michael churned toward Florida, causing the shutdown of nearly 40 percent of the US Gulf of Mexico's crude output.
Source: Reuters | 2018/10/10 17:48:41

USDA says $12 billion farmer aid to be trimmed

The US Department of Agriculture's $12 billion package to offset farmers' losses from the imposition of tariffs on American exports could end up shrinking after an agreement to update NAFTA was struck, Agriculture Secretary Sonny Perdue said.
Source: Reuters | 2018/10/10 17:48:40

Chinese leaders urge more efforts to promote mass entrepreneurship, innovation

China will channel more energy into mass entrepreneurship and innovation to push forward high-quality development, said Premier Li Keqiang.
Source: Xinhua | 2018/10/10 8:59:55

Asia-Pacific tops FDI

The Asia-Pacific overtook North America to be the world's leading source region for foreign direct investment (FDI) in 2017, a consulting firm announced on Monday at the ongoing Dubai Investment Week Conference.
Source: Xinhua-Reuters | 2018/10/9 23:03:40

Holiday box office

China's box office during the week-long National Day holiday exceeded 1.9 billion yuan ($274 million), China Film News reported Monday.
Source: Xinhua-Reuters | 2018/10/9 22:58:41

Mainland stocks stabilize after previous-day sharp slump

The Chinese stock market stabilized on Tuesday with little fluctuation after a sharp decline the previous trading day, the worst post-National Day holiday stock performance in years.
Source: Global Times | 2018/10/9 19:48:39

India's aluminum makers win over Japanese sales

Indian aluminum makers including Hindalco Industries and Vedanta Ltd. are boosting sales to Japan as US sanctions against Russia's Rusal and import tariffs shake up traditional supply routes.
Source: Reuters | 2018/10/9 19:33:42

Dollar slips against yen amid trade, political turmoil

The US dollar dipped against the yen on Tuesday with simmering anxiety about higher US bond yields, the China-US trade war and political turmoil in Europe.
Source: Reuters-Global Times | 2018/10/9 19:33:41

Malaysia to sell durians to Chinese market

Malaysian planters are looking forward to exporting fresh durians to China, durian plantation advisor Lim Chin Khee has said.
Source: Xinhua | 2018/10/8 22:23:39

Digging development

A rotary drilling rig drills at the groundbreaking ceremony of Yanjiang high-speed railway in Changzhou, east China's Jiangsu Province on Monday. The construction period is expected to be four years. Once completed, it will serve and drive the economic and social development of the area along the Yangtze River in Jiangsu Province. Photo: IC
Source: IC | 2018/10/8 17:43:40

Chinese yuan and stocks edge down after National Day holidays

The yuan edged down on Monday, the first trading day after the weeklong National Day holidays, pressured by a climbing US dollar, as were many emerging markets currencies.
Source: Global Times | 2018/10/8 17:43:39

Trump to announce pro-ethanol measure : sources

US President Donald Trump is expected to announce the lifting of a federal ban on summer sales of higher-ethanol blends of gasoline on Tuesday ahead of a trip to Iowa the same day, according to two sources familiar with the planning of the event.
Source: Reuters | 2018/10/8 17:28:40

China to lead growth in renewable energy: IEA

Bioenergy from liquid biofuels and biogas will lead growth in renewable energy consumption to 2023, due to its rising use in the heating and transport sectors, according to the International Energy Agency (IEA).
Source: Reuters | 2018/10/8 17:28:40