Business

China Pushing Local Companies To List Their Shares in London Instead of US Market

Staff Reporter   | May 20, 2020 02:00 PM EDT

China is now actively pushing for local companies to list their shares in London instead of the United States as relations between two of the world's largest economies continue to sour. read more

Facebook investing $5.7 billion in the companies owned by Asia's richest man, Mukesh Ambani.

Staff Reporter   | Apr 23, 2020 05:06 PM EDT

Social media giant Facebook has just made its largest deal since it purchased WhatsApp back in 2014. The company announced that it will be investing $5.7 billion in the companies owned by Asia's richest man, Mukesh Ambani. read more

China State Shipbuilding Bags $2.8 Billion Contract To Build Ships For Qatar Petroleum

Staff Reporter   | Apr 23, 2020 05:03 PM EDT

China State Shipbuilding Corporation (CSSC) has just signed a major deal worth an estimated 20 billion yuan or around $2.8 billion with a Middle Eastern oil producer. read more

US Treasury To Release $2.9 Billion To Rescue Pandemic Damaged Airline Industry

Staff Reporter   | Apr 21, 2020 06:48 PM EDT

On Monday, the U.S. Treasury Department said it had allocated $2.9 billion in preliminary compensation aid to 54 minor passenger carriers and two large commercial airlines, while finalizing grant deals with six other major carriers. read more

United Airlines Seeking More Help From Government Due To The Enormous Loss of $2.11 Billion

Staff Reporter   | Apr 21, 2020 06:42 PM EDT

United Airlines announced on Monday that it lost $2.1 billion in the first three months this year, its biggest decline since 2008, as the ongoing global health disaster has crippled travel demand to its worst level in decades. read more

US Retailing Business Drops Dramatically In March Amid Massive Unemployment

Staff Reporter   | Apr 16, 2020 07:08 PM EDT

Retail sales in the US in March had dropped by the sharpest rate ever recorded since the government started tracking the metric in 1992. read more

China Stocks Opened Lower At Monday's Trading Session

Staff Reporter   | Apr 13, 2020 07:32 PM EDT

This Monday, Chinese stocks opened lower as investors were seen focusing on profit-taking after China's economic recovery last week. read more

China Has Increasing Needs For Automobiles

Staff Reporter   | Apr 13, 2020 07:29 PM EDT

Despite the adverse effects of the pandemic to China's economy, market demand for automobiles increase in the country. read more

China’s Travel Industry Starts To Recover Domestically From The Pandemic

Staff Reporter   | Apr 07, 2020 07:26 PM EDT

Chinese online travel agency Trip.com revealed that it has seen a slight uptick in domestic travel bookings in recent weeks. read more

Lenovo Reveals Record of Monthly Production and Revenue for 2020 March

Staff Reporter   | Apr 07, 2020 07:02 PM EDT

Lenovo's manufacturing and research and development arm, LCFC Hefei Electronics Technology Co, reported a surge in production and revenues for the month of March read more

The People's Bank of China Launches Economy Measure To Cut Interest Rates On Loans From Banks

Staff Reporter   | Mar 31, 2020 08:46 PM EDT

The People's Bank of China has launched another economic measure to alleviate the adverse effects of the pandemic on the country. read more

China Assists The Local Business Through the Social System to Trigger Exemptions and Obligations

Staff Reporter   | Mar 30, 2020 04:01 PM EDT

The pandemic in China has triggered exemptions and obligations for businesses under the Social Credit System. read more

All three Wall Street Indices Hurtled to Another Huge Selloff As the U.S. Hit 100,000 Cases

Staff Reporter   | Mar 28, 2020 11:42 PM EDT

All three Wall Street indices hurtled to another huge selloff Friday as news the U.S. hit 100,000 confirmed COVID-19 cases read more

US Companies Bet On Local Chinese Local Customers To Drive Up Their Revenue

Staff Reporter   | Mar 27, 2020 06:03 PM EDT

The Beijing-based American Chamber of Commerce in China released a survey that showed foreign companies have experienced significant revenue declines of up to 50 percent, a 28 percent increase from last month's yield. read more

US Postpones To Determine On Huawei’s Business License Extension

Staff Reporter   | Mar 27, 2020 05:42 PM EDT

The US Department of Commerce announced last Wednesday that it has given an additional four weeks for the public to decide on granting Chinese tech giant Huawei a temporary license of doing business with US companies. read more

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