Topics: China

United Technologies, Raytheon partnered for $120 billion aerospace and defense business

United Technologies Corp agreed on June 9 to combine its aerospace business with US contractor Raytheon Co and create a new company worth about...

China: Prime Minister Narendra Modi, Xi Jinping may discuss US trade protectionism in SCO summit

Describing Prime Minister Narendra Modi and President Xi Jinping as "good friends", China on Monday hoped that the two leaders would discuss their respective...

G20 Finance heads say trade war as ‘intensified’

Group of 20 finance leaders agreed to describe global trade and geopolitical tensions as "intensified" but failed to express the desire to resolve them,...

Facebook stops Huawei from pre-installing its apps on phones

LONDON: Facebook said Friday it has stopped letting its apps come pre-installed on smartphones sold by Huawei in order to comply with U.S. restrictions,...

Report: e-Money shares in India’s payment systems grew up by 21.5%

Getting a leg-up from the demonetization of Rs 500 and Rs 1,000 notes in November 2016, the share of e-Money in India's payment systems...

Asian shares up on policy easing hopes, Yuan slips on PBOC signals: Global Markets

Asian shares were slightly higher on June 7 on expectations global central banks will soon embark on an easing cycle in the face of...

Nirmala Sitharaman to attend G20 Finance Ministers meeting in Japan

Finance minister Nirmala Sitharaman will attend the two-day meeting of G-20 finance ministers and central bank governors in Japan beginning June 8, said a...

Walmart faces major India test over Flipkart’s legal tiff with Ratan Tata backed startup

An Indian startup's legal challenge against Walmart-owned Flipkart claiming losses caused by sharp discounting of its products is winning support from other online sellers,...

World Bank retains India’s growth rate at 7.5% for FY20

India is projected to grow at 7.5 percent in the next three years supported by robust investment and private consumption, the World Bank has...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's dominant reserve currency, the Sino-US trade war may offer a window...

China Ministry may use 5G licenses for commercial use in the near future

China's Ministry of Industry and Information Technology (MIIT) will roll out commercial 5G licenses "in the near future", Xinhua said. It did not provide further...

Indian junk bonds make a big comeback in 2019

Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally...

Tesla to investigate explosive video of Tesla Model S car parked in Shanghai

US electric vehicle maker Tesla Inc on Monday said it had sent a team to investigate a video on Chinese social media which showed...

Apple to face legal action over violating the security exchange act

A lawsuit filed in the US has alleged that Apple violated the country's Securities Exchange Act by hiding a slowdown in demand for iPhones,...

Asian internet companies are competing with traditional banks on consumer finances

Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed...

IMF’s bailout package for Pakistan to be delayed: Reports

The IMF's bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement and...

Volkswagen expects global sales to be in line for its core brands in 2019

Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018...

Mike Pompeo defends sanctions, says the US won’t quit fight in Venezuela

US Secretary of State Mike Pompeo on Friday defended sanctions on Venezuela and said the United States would not "quit the fight" in the...

China plans to generate power from a nuclear fusion reactor

China aims to complete and start generating power from an experimental nuclear fusion reactor by around 2040, a senior scientist involved in the project...

China’s economic growth in 2019 is expected to slow by 6.2% despite policy support

China's economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed on April 12,...

Volkswagen AG to acquire a big stake in Chinese EV partner JAC Motors

Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as...

China to ban bitcoin mining

China's state planner wants to ban bitcoin mining, according to a draft list of industrial activities the agency is seeking to stop in a...

World Bank: India’s economic growth driven by domestic demands, need to focus more on exports

India's economic growth in recent years has been "too much" driven by domestic demand and its exports were about one-third of its potential, a...

‘Stupid Trade’ says Donald Trump on 100% tariffs imposed by India on US products

India charges America over 100 percent tariffs on a large number of products while the US imposes nothing on the similar or same items,...

MIT cancels its partnership with Huawei and ZTE

The Massachusetts Institute of Technology (MIT) has severed ties with Huawei Technologies and ZTE Corp as U.S. authorities investigate the Chinese firms for alleged...

China outlines 10 billion dollars fresh tax and fee cuts to lift its economy

China has unveiled tens of billions of dollars worth of tax and fee cuts as part of a drive to kickstart the stuttering economy,...

Louis Vuitton, Kering’s Gucci, Apple Inc, and other luxury brands drop their prices in China

Apple Inc and other consumer brands lowered prices for their products in China on April 1 as a cut in the country's value-added tax...

Oil jumps Five months high on firmer China data, prospect of fresh supply crubs

Oil prices climbed to nearly five-month highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions...

U.S. VP Mike Pence wants Americans back on Moon

US Vice President Mike Pence announced an accelerated goal of putting Americans back on the moon within five years "by any means necessary," and...

China grants financial assistance of $2.2 billion to Pakistan; forex reserve touches $17.8 billion

In an attempt to bail-out its close friend from the bankruptcy and to shore up the foreign reserve of its close ally, China on...

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