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Elon Musk unveils LA underground tunnel plan
Business2018-12-20 13:08January 18 2019 05:08:59

Elon Musk unveils LA underground tunnel plan

Elon Musk unveiled his underground transportation tunnel in Los Angeles and invited guests to take some of the first rides.

U.S. Fed raises rates, but signals slower pace of hikes next year
Business2018-12-20 09:10January 18 2019 05:08:59

U.S. Fed raises rates, but signals slower pace of hikes next year

The U.S. Federal Reserve on Wednesday raised short-term interest rates by a quarter of a percentage point, but signaled a slower pace of rate hikes next year as the U.S. economy is expected to cool down.

China simplifies approval rules for new auto joint ventures
Business2018-12-19 13:30January 18 2019 05:08:59

China simplifies approval rules for new auto joint ventures

China's top economic planner has decided to streamline the rules regarding the procedure of getting new Sino-foreign auto joint ventures approved.

China's BYD eyes expansion backed by California's new rule
Business2018-12-19 10:00January 18 2019 05:08:59

China's BYD eyes expansion backed by California's new rule

China's automaker BYD is poised to expand in California with a new service hub underway in San Francisco Bay Area with the encouragement of the state's new clean transit regulation.

EU clears China Re's takeover of Chaucer
Business2018-12-19 10:00January 18 2019 05:08:59

EU clears China Re's takeover of Chaucer

The European Commission said on Tuesday that it has approved the acquisition of sole control over Chaucer by China Reinsurance Group Corporation.

SteelAsia, Chinese firms eye USD4.4-B steel complex in Mindanao
Business2018-12-16 13:15January 18 2019 05:08:59

SteelAsia, Chinese firms eye USD4.4-B steel complex in Mindanao

The country’s largest steel producer, SteelAsia Manufacturing Corp., is partnering with Chinese firms Hebei Iron and Steel (HBIS) Group and Huili Investment Fund Management Co., Ltd. to build an integrated steel complex in Mindanao.

Starbucks gets closer to customers with virtual store
Business2018-12-15 13:06January 18 2019 05:08:59

Starbucks gets closer to customers with virtual store

World-leading coffee chain Starbucks said it will further enhance its digital collaboration with Alibaba Group by launching its first-ever virtual store.

GE plans to build 1.2 bln USD Industrial IoT software company
Business2018-12-14 13:12January 18 2019 05:08:59

GE plans to build 1.2 bln USD Industrial IoT software company

U.S. top-tier manufacturing company General Electric (GE) said on Thursday that it planned to establish a new, independent company aiming at building Industrial Internet of Things (IIoT).

Facebook settles lawsuit with game company over technology dispute
Business2018-12-13 12:57January 18 2019 05:08:59

Facebook settles lawsuit with game company over technology dispute

U.S. tech giant Facebook has reached a settlement with video gaming firm ZeniMax Media over a lawsuit alleging Facebook's theft of ZeniMax-held proprietary virtual reality (VR) technology, ZeniMax CEO Robert Altman said in a statement published on Wednesday.

China's Tencent Music makes NYSE debut
Business2018-12-13 09:15January 18 2019 05:08:59

China's Tencent Music makes NYSE debut

Tencent Music Entertainment, a Chinese music streaming giant, rang the New York Stock Exchange (NYSE) opening bell on Wednesday in celebration of its initial public offering (IPO).

Winter tourism to boom in north China
Business2018-12-12 14:18January 18 2019 05:08:59

Winter tourism to boom in north China

China's winter tourism is expected to boom this year as snow-themed activities and greater discounts are made available to travelers, the China Daily reported Tuesday.

China's CPI up 2.2 pct, PPI up 2.7 pct in November
Business2018-12-09 13:26January 18 2019 05:08:59

China's CPI up 2.2 pct, PPI up 2.7 pct in November

China's consumer price index (CPI), a main gauge of inflation, rose 2.2 percent year on year in November, down from 2.5 percent in October, the National Bureau of Statistics (NBS) said Sunday.

Boeing forecasts strong growth for aircraft financing in 2019
Business2018-12-08 13:09January 18 2019 05:08:59

Boeing forecasts strong growth for aircraft financing in 2019

Aircraft financing will continue to grow strong next year as about 143 billion U.S. dollars will be invested in meeting the demand for new commercial airplanes, U.S. top aircraft manufacturer Boeing Company (Boeing) said Thursday.

Merrill Lynch forecasts slowing global growth in 2019
Business2018-12-07 14:32January 18 2019 05:08:59

Merrill Lynch forecasts slowing global growth in 2019

Global growth is expected to dip from 3.8 percent in 2018 to 3.6 percent in the year ahead amid potential risks, according to a report issued on Thursday by BofA Merrill Lynch Global Research.

Boeing forecasts strong growth for aircraft financing in 2019
Business2018-12-07 09:19January 18 2019 05:08:59

Boeing forecasts strong growth for aircraft financing in 2019

Aircraft financing will continue to grow strong next year as about 143 billion U.S. dollars will be invested in meeting the demand for new commercial airplanes, U.S. top aircraft manufacturer Boeing Company (Boeing) said Thursday.

USA Gymnastics is turning to bankruptcy in an attempt to ensure its survival.
Business2018-12-06 15:53January 18 2019 05:08:59

USA Gymnastics is turning to bankruptcy in an attempt to ensure its survival.

A recent survey showed activity in China's service sector expanded at a faster pace in November.

Oil prices slide as Trump urges OPEC not to cut supply
Business2018-12-06 09:19January 18 2019 05:08:59

Oil prices slide as Trump urges OPEC not to cut supply

Oil prices extended losses on Wednesday, as U.S. President Donald Trump once again tried to dampen OPEC's efforts to tackle falling oil prices amid market expectations on further output cut.

China's MOC spokesperson talks on economic, trade consultation with U.S.
Business2018-12-05 14:56January 18 2019 05:08:59

China's MOC spokesperson talks on economic, trade consultation with U.S.

A spokesperson for the Ministry of Commerce (MOC) said Wednesday that the latest meeting between presidents of China and the United States on economic and trade issues was "very successful."

Toyota ends cooperation with German environmental group DUH
Business2018-12-05 10:02January 18 2019 05:08:59

Toyota ends cooperation with German environmental group DUH

Japanese car manufacturer Toyota is ending its long-standing cooperation with German environmental group Environmental Action Germany (DUH), a Toyota spokesperson announced on Tuesday.

China's Tencent Music launches U.S. IPO
Business2018-12-04 10:40January 18 2019 05:08:59

China's Tencent Music launches U.S. IPO

Tencent Music Entertainment, a leading online music platform in China, filed for an initial public offering (IPO) of up to 1.23 billion U.S. dollars with the U.S. Securities and Exchange Commission on Monday.

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