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China to continue implementing prudent monetary policy in H2: PBOC

China's central bank said Friday that the country will keep its prudent monetary policy "neither too tight nor too loose" and make adjustments in a timely and moderate manner in the second half of the year.
Source: Xinhua | 2019/8/3 9:56:19

US signs deal with EU to increase beef exports

The United States and the European Union (EU) on Friday signed a new agreement that will increase US beef exports to Europe over the next seven years.
Source: Xinhua | 2019/8/3 8:50:24

Oil prices nosedive amid trade uncertainties, demand worries

Oil prices plunged on Thursday as renewed concerns over global trade clouded the outlook for economic growth and energy demand.
Source: Xinhua | 2019/8/2 17:18:05

New tariffs on Chinese imports not to facilitate agreement: US-China Business Council

The US-China Business Council (USCBC) said Thursday that US President Donald Trump's plan to impose more tariffs on Chinese imports will not facilitate an agreement, but lead to more difficulties.
Source: Xinhua | 2019/8/2 12:18:34

British pound falls to new low after US rate cut

British pound fell to a 30-month low against the US dollar on Thursday as a result of continued Brexit uncertainties and US interest rate cut for the first time in a decade.
Source: Xinhua | 2019/8/2 8:51:13

China, US to intensify trade consultations in August: MOC

Chinese and US negotiating teams will maintain close communication and intensify trade consultations at the work level in August to prepare for the meeting of chief trade negotiators from both sides in September, said the Ministry of Commerce Thursday.
Source: Xinhua | 2019/8/2 8:50:08

Fed cuts give China leeway

The US Federal Reserve's interest rate cuts on Wednesday will give China's policymakers more leeway as China deals with increasing downward pressure in the second half of the year, analysts said on Thursday.
Source: Global Times | 2019/8/1 22:08:40

China to scrap oil and gas joint-venture restrictions

As a vital step in easing market access for foreign investors, China has announced opening up the upstream exploration of its oil and natural gas resources by scrapping joint-venture restrictions.
Source: Xinhua | 2019/7/31 21:11:54

Chinese academicians and enterprises vow to insist on low-carbon development

The 16th World Alliance for Low Carbon Cities (WALCC) Assembly & Low Carbon City Development Forum kicked off on Saturday in Lishui city, Zhejiang Province.
Source: Global Times | 2019/7/30 21:56:13

Market value of China's listed internet companies reach 9.75 tln yuan

The total market value of China's listed internet companies was 9.75 trillion yuan (about 1.41 trillion US dollars) by the end of June, a quarter-on-quarter decline of 4.3 percent, according to a report released by the China Academy of Information and Communications Technology.
Source: Xinhua | 2019/7/28 12:47:38

China's smart assistant devices market to grow fast: report

China's installed base of smart assistant devices are expected to reach 5.8 billion by 2023, an industrial forecast showed.
Source: Xinhua | 2019/7/28 11:07:08

Portuguese business startups produce 2.2 bln euros in sales in 2018

Portuguese business startups recorded 2.2 billion euros (2.4 billion US dollars) in sales of goods and services in 2018, representing 1.1 percent of the Portuguese GDP of 201.6 billion euros.
Source: Xinhua | 2019/7/27 10:22:15

EU Commission vice president expects Northern Europe to follow UK as promoter of market economy

EU Commission Vice President responsible for jobs, growth, investment and competitiveness Jyrki Katainen on Friday called for deeper cooperation between Northern European EU countries.
Source: Xinhua | 2019/7/27 9:32:24

More US companies to attend second China International Import Expo

There will be more companies from the US attending the second China International Import Expo (CIIE), showing Chinese market holds great appeal for domestic and foreign companies, a senior official from the Ministry of Commerce (MOFCOM), Ren Hongbin, said at a press conference on Friday.
Source: Global Times | 2019/7/26 15:07:23

China's potential unreliable entity list emerges

A potential Chinese unreliable entity list has emerged. Foreign companies such as FedEx, Flex and HSBC are likely to be first included on the list for their behaviors jeopardizing the interests of Chinese firms by cooperating with US long-arm jurisdiction.
Source: Global Times | 2019/7/26 12:52:57

Chinese investment bank AMTD International sets terms for US IPO

AMTD International, a Hong Kong-based asset manager and investment bank, announced Thursday that it plans to offer around 20.8 million American Deposit Shares (ADSs) for its proposed initial public offering (IPO).
Source: Xinhua | 2019/7/26 11:06:34

IMF official says Egypt's central bank manages to contain inflation via reform

The Central Bank of Egypt managed to contain high inflation rates after the country devaluated its local currency amid an economic reform program in late 2016, an official from the International Monetary Fund (IMF) said on Thursday.
Source: Xinhua | 2019/7/26 8:56:25

China's STAR market rebounds on third trading day

The shares of the first group of 25 companies listed in China's Nasdaq-like STAR market reversed course from a sharp slump on the second trading day, and gained across the board on Wednesday.
Source: Global Times | 2019/7/24 13:43:40