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India,South Korea resolve to raise bilateral trade to 50 billion USD by 2030

India and South Korea on Wednesday resolved to raise the quantum of bilateral trade to 50 billion US dollars by the year 2030.
Source: Xinhua | 2018/12/20 9:50:51

U.S. dollar falls amid Fed's rate hike decision, stronger euro

The U.S. dollar dipped in late trading on Wednesday, as the Federal Reserves raised interest rates by a quarter point, paring some of the sharp losses of the greenback in the previous sessions.
Source: Xinhua | 2018/12/20 8:03:46

US Federal Reserve boosts key interest rate for 4th time this year

U.S. Federal Reserve is raising its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year.
Source: CGTN | 2018/12/20 7:54:47

Canada to spend $1.19 billion to bail out the country's struggling oil, gas sector

The Canadian government said on Tuesday that it would spend C$1.6 billion ($1.19 billion), mostly through loans, to assist the country's oil and gas industry, which has struggled to move energy to US markets due to full pipelines.
Source: Reuters | 2018/12/19 20:28:41

Mainland stocks slide as healthcare, energy tumble

Chinese mainland stocks slid on Wednesday as healthcare shares extended their plunge over fears of a potential new drug procurement policy, while the energy sector was hit by a steep drop in crude oil prices.
Source: Reuters | 2018/12/19 20:23:41

Dollar struggles near one-week low

It was all about the Federal Reserve for the dollar on Wednesday, as the currency struggled to shake off expectations that policy makers would slow the pace of US monetary tightening after their keenly watched meeting later in the day.
Source: Reuters-Global Times | 2018/12/19 20:23:40

Britain remains top in offshore RMB FX transactions: report

Britain retained its top place for offshore RMB foreign exchange (FX) transactions, a report named London RMB Business Quarterly said Tuesday.
Source: Xinhua | 2018/12/19 11:29:37

US SEC charges former Panasonic executives with violating rules

Two former senior executives of the US subsidiary of Panasonic Corp. were charged with knowingly violating accounting and documentation rules, according to a statement released by US Securities and Exchange Commission (SEC) on Tuesday.
Source: Xinhua | 2018/12/19 11:17:22

Huawei to spend two billion USD on cyber security

Huawei Technologies said on Tuesday it would spend two billion U.S. dollars over the next five years on cyber security.
Source: CGTN | 2018/12/19 10:30:08

CBOT soybeans rise for second straight session on trade optimism

Chicago Board of Trade (CBOT) soybean futures ended higher for a second straight session on Tuesday, as traders anticipated China will buy more from US inventories.
Source: Xinhua | 2018/12/19 9:31:03

PBC continues fund injection

China's central bank continued to inject funds into the money market on Tuesday to maintain liquidity.
Source: Xinhua-Global Times | 2018/12/18 19:28:40

Trump approves new aid package for American farmers

President Donald Trump on Monday said he authorized a second round of payments from an aid package of up to $12 billion designed to help farmers stung by the US trade war with China, billing it as a promise kept to a key constituency.
Source: Reuters-Global Times | 2018/12/18 18:03:40

Mainland stocks fall on global growth concerns

Chinese stocks ended lower on Tuesday amid faltering shares in other Asian markets and the US on concerns about global economic growth.
Source: Reuters-Global Times | 2018/12/18 18:03:40

IPOs to raise over 20 bln USD on China's A-share market in 2019: report

Initial public offerings (IPOs) are expected to raise 140 billion yuan (about 20.3 billion US dollars) to 170 billion yuan on the Chinese mainland stock market next year, according to a report from auditing and consultancy firm Deloitte China.
Source: Xinhua | 2018/12/18 13:32:00

Weakness in Europe, China keeps dollar near 19-month high

The dollar held near a 19-month high on Monday, bolstered by safe-haven buying as heightened concerns of a global economic slowdown reduced appetite for riskier assets such as stocks and Asian currencies.
Source: Reuters | 2018/12/17 17:18:39

Shanghai stock index up on policy support

Chinese blue-chips fell on Monday, but the broader Shanghai benchmark closed higher, with low trading volumes as investors await the closely watched annual Central Economic Work Conference this week for signs of more policy support.
Source: Reuters | 2018/12/17 17:13:40

Qatar Petroleum plans $20 billion US expansion

Qatar Petroleum (QP) is looking to invest at least $20 billion in the US over the coming few years, its chief executive said, after the Gulf Arab state unexpectedly quit OPEC this month.
Source: Reuters | 2018/12/17 17:13:39

Foreign investors' role increasing in China's A-share market: report

Foreign investors are playing a more important role in China's A-share market in recent years, which will improve market functioning and boost performance of large-cap equities and consumer stocks, China Daily reported Monday.
Source: Xinhua | 2018/12/17 10:38:33