BUSINESS >> Markets

Chinese stocks drop to 1 month lows

Chinese stock markets fell for the second consecutive day on Tuesday, as investors became wary after news of a new escalation in the China-US trade war.
Source: Global Times | 2018/8/2 13:03:39

US Fed leaves interest rates unchanged amid trade concerns

The US Federal Reserve on Wednesday left key interest rates unchanged amid concerns about trade tensions between the United States and its trading partners.
Source: Xinhua | 2018/8/2 7:57:08

Luckin Coffee plans fast expansion to face off Starbucks

Luckin Coffee, a domestic chain seen as an emerging rival of Starbucks in the Chinese market, on Wednesday announced its plan to expand to 2,000 stores by the end of this year.
Source: Global Times | 2018/8/1 21:18:39

Higher farm produce prices

Prices of farm produce in China continued to climb in the week ended on July 29, with higher costs for 30 types of vegetables, data from the Ministry of Commerce showed.
Source: Agencies – Global Times | 2018/8/1 20:33:40

Investment in UK start-up

Internet technology company NetEase announced plans to invest $50 million in new shares in UK-based technology company Improbable, along with the purchase of some existing shares, taking a small stake in the company.
Source: Global Times | 2018/8/1 20:23:40

Stake in European utility

State-owned China Southern Power Grid has agreed to buy a minority stake in European utility Encevo. Financial terms were not disclosed.
Source: Reuters | 2018/8/1 20:23:39

Ukraine expects record maize harvest to reach 28m tons, rising sales to China

Ukraine's maize harvest may hit a record 27-28 million tons this year and sales to China could rise by 10 percent due to the trade war between the US and China, the country's acting agriculture minister said.
Source: Reuters-Global Times | 2018/8/1 17:48:40

Mainland stocks fall on fears of new property curbs

Chinese mainland main Shanghai stock market fell on Wednesday, as anticipation of more measures to curb property prices hurt developer shares, and as the China-US trade war looked set to escalate with the threat of higher US tariffs.
Source: Reuters-Global Times | 2018/8/1 17:48:40

HK welcomes secondary listings

The chief executive of Hong Kong's stock exchange said overseas-listed Chinese mainland firms were welcome to tap the territory's market for funds while waiting for the Chinese mainland to implement its own secondary listings plan.
Source: Reuters-Global Times | 2018/8/1 17:48:40

India follows US example of trade protectionism against China

China and India should work together to strengthen trade relations and industrial cooperation amid the rising threat of protectionism as there is still plenty of room for negotiation, and it is unwise for India to close its door to Chinese products, said industry analysts.
Source: Global Times | 2018/7/31 21:28:40

Sinochem Energy files for $2b HK listing amid shift in businesses

Sinochem Energy, a unit of China's State-owned Sinochem Group, has filed for a Hong Kong IPO of about $2 billion, as the group seeks to raise capital amid a shift to higher-value businesses, including petrochemical production.
Source: Reuters | 2018/7/31 21:03:40

Chinese fund managers boost equity exposure

Chinese fund managers increased their suggested equity exposure for the next three months, as market sentiment improved amid signs of monetary and fiscal policy easing.
Source: Reuters-Global Times | 2018/7/31 17:13:40

China's renewable power waste falls, but challenges remain

Levels of wasted power in China's renewable sector fell in the first half of this year, but securing grid access for many new clean energy projects remains a challenge for the industry, an energy bureau official said.
Source: Reuters-Global Times | 2018/7/31 17:13:40

Mainland stocks rise, aided by energy shares

Major stocks on the Chinese mainland end higher on Tuesday, reversing early losses, supported by strong gains in energy shares.
Source: Global Times | 2018/7/31 17:13:40

China won't budge as Germany plans to veto takeover: analysts

China and the EU should pursue in-depth industrial cooperation that takes a long-term view and Chinese companies should not halt their steps in going global due to acquisition setbacks, experts told the Global Times on Monday.
Source: Global Times | 2018/7/30 22:18:39

Lotte mulls selling department stores in China amid losses

South Korea-based conglomerate Lotte Group told the Global Times that it is changing its business model in China out of “tough challenges and fierce competition,” after media reports said the company is considering the sale of some of its department stores in China.
Source: Global Times | 2018/7/30 22:08:40

Tencent invests in Indian hotels

Tencent is planning to lead a new investment round in Indian budget hotel operators OYO Rooms, according to a report by The Times of India.
Source: Global Times | 2018/7/30 21:48:41

Yutong's hybrid vehicle joins bus fleet as Uruguay's capital focuses on sustainability

With an eye to promoting a sustainable public transit network, Uruguay's capital Montevideo has incorporated the first Chinese-made hybrid vehicle into its bus fleet.
Source: Xinhua-Global Times | 2018/7/30 21:48:40