All about "#EconomyOfChina"

Bangladesh to log fastest growth after Vietnam, India in 34 years: PwC Bangladesh's economy is likely to grow at the fastest rate after Vietnam and India in the next 34 years, according to the latest report of a global professional service network group.The country will maintain an average growth rate of 4.8 per cent annually in the next 34 years to 2050, when it will become the 23rd largest economy of the world in terms of purchasing power parity (PPP). PricewaterhouseCoopers (PwC) in its late...
The world’s second-largest miner reported an annual net profit of $4.62 billion for the year to December 31Sydney: Rio Tinto Wednesday reported a surge in annual net profit on the back of improving commodity prices in a strong turnaround from last year’s loss, and rewarded shareholders with a buy-back.The world’s second-largest miner reported an annual net profit of $4.62 billion (Dh16 billion) for the year to December 31, compared to a $866 million net loss in the previous financial year ...
The Dean of UCD Michael Smurfit Graduate Business School Ciaran O'Hoghartaigh is one of 29 representatives of global business schools including blue chip colleges such as Yale, Said Business School at University of Oxford and INSEAD to sign a statement entitled "Global Business Education is the best antidote to economic nationalism". Ciaran O'Hoghartaigh said that in the current context, it is known that business education and bringing international students into a classroom creates a very dyna...
The head of Disney has warned against a US trade war with China and called for a "fair and just" immigration policy in an apparent broadside against Donald Trump. Bob Iger's comments to US broadcaster CNBC put the company behind Mickey Mouse, and owner of the Star Wars franchise, at odds with the White House. Mr Iger is a member of the new President's business advisory council, though he did not attend its first meeting last week, saying it clashed with a Disney board meeting. Mr Trump has th...
LONDON, United Kingdom — The Savigny Luxury index (“SLI”) rose for the fourth consecutive month in January, gaining almost 4 percent, whilst the MSCI World Index (“MSCI”) was flat. Optimism has returned to the sector with broker forecasts for growth being corrected upwards for the first time in years, backed by a string of strong results announcements and boosted by one of the largest corporate deals in the sector’s history. Between China’s government-backed consumer recovery, Tr...
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) said on Tuesday that the emirate attracted 14.9 million overnight visitors in 2016, up 5 percent on the previous year. Officials said in a statement that they are firmly on track to meet the target of attracting 20 million annual tourists by 2020. Dubai Tourism said the strong performance came despite a "particularly turbulent year" across the world as the city continued to grow its share of outbound travel market despite t...
Japan last year logged its biggest annual current-account surplus since the 2008 financial crisis, figures showed today, as the country's prime minister prepares to meet protectionist-leaning Donald Trump. The new president has assailed Japan for allegedly devaluing the yen to boost exports, grouping it with other countries he says are taking "advantage" of the United States. The surplus in the current account -- the broadest measure of Japan's trade with the rest of the world -- comes at a tr...
Japan’s current account surplus was 1.11 trillion yen in December, a seventh straight month of annual increases, the ministry data showed. — Reuters pic TOKYO, Feb 8 — Japan attained its second-biggest current account surplus on record in 2016, Ministry of Finance data showed today, just days before the US and Japanese leaders meet for talks with trade surpluses and currency valuations expected to be high on the agenda. The 20.6 trillion yen (RM810 billion) surplus reflected the trade bal...
MELBOURNE, Feb 7 (Reuters) - London copper drifted on Tuesday as the dollar edged higher after a Federal Reserve official offered support for a March rate rise, while impending China data kept traders on the sidelines and volumes low. * Three-month copper on the London Metal Exchange eased by 0.3 percent to $5,828 a tonne by 0045 GMT, paring gains from the previous session when prices climbed 1.3 percent, but still holding well below last Wednesday's two-month peak of $6,007 a tonne. Volumes we...
When I lined up to board the Princess Cruise with my parents in October, I was surprised to find so many senior citizens around us. Most of the travelers, as far as I could see, were in their 60s or 70s. The cruise, which lasted five days and six nights, started from Shanghai and then sailed to South Korea and Japan. The average cost was around 3,500 yuan ($522) per person, excluding tips. A couple aged 82 and 83 respectively told me that their daughter booked the cruise for them. "Compared wi...
China's listed coal companies turned major profits last year, reversing previous deep losses, because of rising coal prices according to the latest estimates-but one leading industry expert has warned of unsustainably high prices. According to an estimate by the National Development and Reform Commission, total profits by the country's designated large coal companies with annual turnovers of at least 20 million yuan ($2.9 million) were 95 billion yuan in 2016. One major producer-China Nati...
CAPE TOWN: Investors and mining firms gather at Africa’s biggest industry conference amid a newfound optimism that the uptick in commodity prices could shore up investment after years of downturn. The annual four-day Mining Indaba in Cape Town takes place as demand in China, one of the world’s biggest consumers, begins to stabilise. Commodities like iron, copper and tin are soaring to new heights, raising hope among analysts that this year’s conference may spur funding for new mining ven...
SINGAPORE, Feb 7 (Reuters) - Appetite for stocks and the euro ebbed on Tuesday as political and economic uncertainty sent investors sheltering in the Japanese yen and gold, while expectations China's foreign exchange reserves had fallen for a seventh month added to nervousness. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade. Investors expected China to say on Tuesday that its foreign exchange reserves fell for the seventh straight month by about $1...
Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., January 31, 2017. REUTERS/Lucas Jackson SINGAPORE (Reuters) - Appetite for stocks and the euro ebbed on Tuesday as political and economic uncertainty sent investors sheltering in the Japanese yen and gold, while expectations China's foreign exchange reserves had fallen for a seventh month added to nervousness. MSCI's broadest index of Asia-Pacific shares outside Japan was little c...
China will continue to open up its development zones to attract foreign investment and promote international cooperation, according to the State Council Monday. The government will support the country's development zones to improve their capability to facilitate foreign trade and encourage international business, according to a guideline released by the State Council. Development zones are pioneer areas in China's opening up campaign. China has over 1,500 national and provincial development zo...
China's first central document of 2017 promises to maintain the drive to resolve rural issues on the road to a moderately prosperous society by 2020. The Central Committee of the Communist Party of China and the State Council released a document on supply-side structural reform in the agriculture sector on Sunday. The first policy statement of year is widely referred to as the "No. 1 Central Document." For the past 14 years, it has been devoted to agriculture, farmers and rural areas. Rural a...
Britain will have the fastest growing economy out of the G7 nations until 2050 despite enduring a Brexit-induced slowdown, a report said Britain will have the fastest growing economy out of the G7 nations until 2050 despite enduring a Brexit-induced slowdown, a report said. The UK economy is expected to outstrip Germany, France and Italy for the next 33 years - notching up annual average growth of 1.9%, according to PwC. Chief economist John Hawksworth said growth depended on Bri...
RACINE, Wis., Feb. 6, 2017 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the third quarter of fiscal year 2017. Highlights: Sales of $349.8 million, up 6.4 percent from the prior year, including one month of revenue from the Luvata HTS acquisition Operating income of $6.0 million compared with operating income of $13....
One of the reasons I like Bank of America (NYSE:BAC) is that it is on a low forward PE and has a distinct area of risk on which I am positive: namely improving operating leverage over the next couple of years. If BAC delivers, and it is on course to do so, then there is more upside in the stock vs. peers. In my recent article comparing BAC to JPMorgan (NYSE:JPM) I concluded that while JPM is in a strong position, BAC held the edge through its greater value and room for self improvement. This sho...
China steals an unsavory global spotlight for the thick, noxious smog that often chokes its mega-cities. Air pollution has become so bad in Beijing, for example, that Chinese officials aim to slash its local coal consumption by 30% in 2017. Meanwhile, the US — which currently ranks eighth on the list of countries with the lowest air pollution — could be headed in the opposite direction. President Donald Trump has said that he intends to fulfill his campaign promise of revitalizing the...