Business & Finance News
China’s crude oil imports rose to the third-highest volume on record on a daily basis on increasing purchases by new private refineries, while natural gas imports eased as demand dropped amid warmer temperatures, customs data showed on Friday.
China’s trade surplus with the United States narrowed to $14.72 billion in February, from $27.3 billion in January, customs data showed on Friday.
Asian stocks shuddered lower on Friday after shockingly weak export data from China heightened market fears about a global economic slowdown, a day after European policymakers slashed growth forecasts for the bloc.
The Chinese government’s top diplomat, State Councilor Wang Yi, said on Friday that China supports Huawei Technologies’ bid for legal redress in the United States, adding that Chinese companies should use “legal weapons” and not be “silent lambs”.
Downside risks in the global economy are likely to persist over the medium to long term, pressured by the Sino-U.S. trade war and a slowdown in China, Japan’s top financial diplomat said.
Asian stocks shuddered lower on Friday after shockingly weak export data from China heightened market fears about a global economic slowdown, a day after European policymakers slashed growth forecasts for the bloc.
The following conditions were imposed on ex-Nissan boss Carlos Ghosn as part of the $9 million bail that freed him from jail, according to a member of his legal team. If he violates these terms, he will be sent back to jail.
The Chinese government’s top diplomat, State Councillor Wang Yi, said on Friday that China supports Huawei Technologies’ bid for legal redress in the United States, adding that Beijing would resolutely protect the rights of Chinese people and firms.
Asian stocks shuddered lower on Friday after the European Central Bank slashed its growth forecasts and surprised everyone with a new of policy stimulus, leaving investors fearing the worst for the global economy.
Asian stocks shuddered lower on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy.
Deutsche Bank and Commerzbank’s chief executives have resumed talks over a potential merger of Germany’s two biggest lenders, Focus magazine reported on Friday, citing people familiar with the matter.
Asian stocks were headed for harm on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy.
Germany does not want to ban Chinese telecoms equipment maker Huawei Technologies from building its 5G networks, Economy Minister Peter Altmaier said on Thursday, adding that Berlin would tighten security criteria for all vendors instead.
SpaceX Chief Executive Elon Musk’s security clearance is being reviewed by the Pentagon after the billionaire smoked marijuana on a California comedian’s podcast in September, a U.S. official said on Thursday.
Tesla Inc said on Thursday it signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric carmaker’s Gigafactory in Shanghai.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
