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Kobe Steel parts safe, say Japan automakers

Four Japanese automakers yesterday said they found no safety issues with aluminum parts supplied by Kobe Steel Ltd, allaying some concerns that falsified quality data on products from the steelmaker had...

October 20, 2017, Friday


Chinese banks enjoy net US$300m in forex buying

Chinese banks enjoy net US$300m in forex buying

Chinese banks saw a net foreign exchange purchase of US$300 million in September, the first settlement surplus in more than two years as cross-border capital flows stabilized, official data showed yes...

October 20, 2017, Friday


Nokia eyes to ‘revitalize’ brand in China

Nokia eyes to ‘revitalize’ brand in China

NOKIA aims to “revitalize” brand and sales in China with the new Nokia 7 phone that targets fashionable consumers, the company said in Shanghai yesterday. The Nokia 7, featuring a Zeiss camera, will ...

Zhu Shenshen | October 20, 2017, Friday


Expanding use of AI gets US$4b boost

Expanding use of AI gets US$4b boost

China’s leading lifestyle services and online-to-offline services provider Meituan-Dianping said it has netted US$4 billion in its latest fund-raising exercise, valuing the company at US$30 billion....

Ding Yining | October 20, 2017, Friday


Economy on course to faster growth

Economy on course to faster growth

CHINA’S economic growth looks set to accelerate for the first time in seven years this year, after GDP growth stayed stable in the third quarter, buoyed by strength in retail spending. The country’s ...

October 20, 2017, Friday

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China’s oil refineries processing volumes up

China’s oil refineries processing volumes up

China’s oil refineries increased their run rates by 12.7 percent to a record for September, data showed yesterday, after a major new state-run refinery launched operations and independent plants came back...

October 20, 2017, Friday


US jobless claims at 44-year low

US jobless claims at 44-year low

Claims for US jobless benefits fell to a 44-year low early this month as labor markets recovered from the damage of hurricanes Harvey and Irma, government data showed yesterday. The new figures pointed ...

October 20, 2017, Friday


Profit rises for 80% of 75 listed firms

Profit rises for 80% of 75 listed firms

NEARLY 80 percent of the 75 listed companies which have released their financial reports saw their net profit grow in the first three quarters of the year, according to industry data. Their reports showed ...

Huang Yixuan | October 20, 2017, Friday


Airline gets 3rd ARJ21-700

Airline gets 3rd ARJ21-700

The third domestically made ARJ21-700 regional passenger jet was delivered to Chengdu Airlines yesterday, after its mass production was certified in July. The twin-engine jet has 90 seats in an all-economy configuration, Commercial Aircraft Corp of China said. The jet was bought by Shanghai-based China Aerospace Leasing Company Ltd and leased to the airline. ...

October 20, 2017, Friday


Retail sales slow as BOE eyes 1st rate rise in decade

Retail sales slow as BOE eyes 1st rate rise in decade

British retail sales slowed unexpectedly sharply in September, dragging quarterly growth to its weakest annual rate since 2013 and suggesting consumer demand remains uncertain as the Bank of England nears...

October 20, 2017, Friday


Shanghai software exports climb 3.7%

Shanghai software exports climb 3.7%

SHANGHAI’S export of software jumped more than 13 times in the past 15 years, and its software is increasingly adopted in Belt and Road countries, authorities told the Shanghai Forum on Software Trade ...

Feng Jianmin | October 20, 2017, Friday


UAE boosts vocational skills

UAE boosts vocational skills

Competitors take part in an aircraft maintenance competition during the “World Skills” International competition in Abu Dhabi on Wednesday. The oil-rich United Arab Emirates, seeking to elevate the prestige of vocational skills among its youth, this week hosted a global trades competition. ...

October 20, 2017, Friday


Yuan forex funds snap decline

Yuan forex funds snap decline

The central bank’s yuan outstanding for foreign exchange rose in September, snapping a 22-month decline, according to figures released yesterday....

October 20, 2017, Friday


JV to make batteries for e-vehicles

JV to make batteries for e-vehicles

Taiwan cell maker ProLogium Technology Co said yesterday it will form a joint venture with Shanghai-based electric vehicle maker WM Motor Technology Co to develop batteries for electric cars....

Hu Yumo | October 19, 2017, Thursday


Rio Tinto and 2 ex-execs charged with fraud

Rio Tinto and 2 ex-execs charged with fraud

Rio Tinto and two former top executives were charged with fraud by US authorities yesterday, accused of inflating the value of the company’s Mozambique coal assets and failing to disclose mounting losses. The ...

October 19, 2017, Thursday


 

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