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China unveils special individual income tax deductions
Business2018-12-23 13:02March 21 2019 20:32:33

China unveils special individual income tax deductions

The State Council, China's cabinet, announced special individual income tax deductions on Saturday, in order to lower the tax burden for those who have certain expenditures.

Japan's central bank chief signals room to boost stimulus as economic risks rise
Business2018-12-22 13:17March 21 2019 20:32:33

Japan's central bank chief signals room to boost stimulus as economic risks rise

ank of Japan Governor Haruhiko Kuroda warned of heightening risks to the economic outlook and signalled the central bank's readiness to ramp up stimulus if needed, brushing aside concerns it lacks policy ammunition to stave off another recession.

China's ICBC branch named “International Bank of the Year” in Turkey
Business2018-12-21 09:32March 21 2019 20:32:33

China's ICBC branch named “International Bank of the Year” in Turkey

ICBC Turkey, a branch of the Industrial and Commercial Bank of China (ICBC), on Thursday was named the "International Bank of the Year" for its "distinguished contributions" to Turkey's economy.

Elon Musk unveils LA underground tunnel plan
Business2018-12-20 13:08March 21 2019 20:32:33

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 09:10March 21 2019 20:32:33

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 13:30March 21 2019 20:32:33

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 10:00March 21 2019 20:32:33

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 10:00March 21 2019 20:32:33

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 13:15March 21 2019 20:32:33

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 13:06March 21 2019 20:32:33

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 13:12March 21 2019 20:32:33

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 12:57March 21 2019 20:32:33

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 09:15March 21 2019 20:32:33

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 14:18March 21 2019 20:32:33

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 13:26March 21 2019 20:32:33

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 13:09March 21 2019 20:32:33

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 14:32March 21 2019 20:32:33

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 09:19March 21 2019 20:32:33

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 15:53March 21 2019 20:32:33

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 09:19March 21 2019 20:32:33

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.

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