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UK inflation at highest in 6 years

UK inflation at highest in 6 years

File photo of the City of London in background. UK inflation hit 3.1 percent in November, its highest level in nearly six years, official data showed yesterday, forcing Bank of England Governor Mark Carney to explain the rise in an exceptional letter to finance minister Philip Hammond. The rise was due to high prices of air fares, recreational goods and costly food and non-alcoholic drinks. — AFP...

December 13, 2017, Wednesday


UBS: Asian equities seen as opportunity in 2018

UBS: Asian equities seen as opportunity in 2018

THE global investment environment offers growing opportunities and risks in 2018, with Asian equities among the most positive but a Chinese debt crisis is not expected, according to a UBS Wealth Management’s ...

Huang Yixuan | December 13, 2017, Wednesday


Pre-owned home sales rise moderately

Pre-owned home sales rise moderately

SALES of pre-occupied homes rose moderately in Shanghai last month but were still below the 20,000-unit level, while prices remained generally stable. Around 11,600 pre-owned homes changed hands in November, ...

Cao Qian | December 13, 2017, Wednesday


Stable view on financial institutions

Stable view on financial institutions

THE outlook for financial institutions in China through 2018 will be stable amid tighter government regulations on the industry and the nation’s overall stable economic growth, Moody’s Investors Service ...

Tracy Li | December 13, 2017, Wednesday


Shares see sharp drop of 1.25%

Shares see sharp drop of 1.25%

SHANGHAI stocks slumped yesterday as aviation and financial counters declined. The Shanghai Composite Index fell sharply by 1.25 percent to close at 3,280.81 points. “Investors are worried that the implementation ...

Huang Yixuan | December 13, 2017, Wednesday


Surge in demand for AI talent

Surge in demand for AI talent

THE demand for artificial intelligence experts by companies in China has nearly tripled in the third quarter this year from the first quarter last year, recruitment portal zhaopin.com said in a report ...

Feng Jianmin | December 13, 2017, Wednesday


Europe group buys Westfield in biggest takeover of Aussie firm

Europe group buys Westfield in biggest takeover of Aussie firm

UNIBAIL-RODAMCO, Europe’s biggest property group, has agreed to buy shopping mall owner Westfield Corp for US$16 billion, marking the biggest takeover of an Australian company and a shift in global retail ...

December 13, 2017, Wednesday


AMC secures Saudi cinema contract

AMC secures Saudi cinema contract

GIANT US cinema chain AMC Entertainment has signed a deal to build and operate movie theaters in Saudi Arabia after the conservative kingdom lifted a decades-old ban. The deal, announced by AMC in a statement ...

December 13, 2017, Wednesday


World Bank to halt oil, gas project finance

World Bank to halt oil, gas project finance

THE World Bank will stop financing oil and gas exploration and extraction from 2019, it said yesterday at a climate summit seeking to boost the global economy’s shift to clean energy. “The World Bank ...

December 13, 2017, Wednesday


China’s need for natural gas to soar in 2040

China’s need for natural gas to soar in 2040

CHINA’S demand for natural gas will continue to soar toward 2040, outstripping domestic output by around 43 percent, according to an International Energy Agency report published yesterday. “China’s annual ...

December 13, 2017, Wednesday


Green investment: zero to hero in 2 years

Green investment: zero to hero in 2 years

IN a nation that prides itself on green credentials — from electric cars to extensive parklands and rubbish recycling — it’s no wonder that concern about the environment is reaching into the realm of ...

Tracy Li | December 13, 2017, Wednesday


Eco-friendly finance needs more participants

Eco-friendly finance needs more participants

TOO few companies and institutions are issuing green bonds, and volumes need to be increased, according to Ma Jun, director of the Center for Finance and Development at Tsinghua National Institute for ...

Tracy Li | December 13, 2017, Wednesday


Duterte woos China with telecom offer

Duterte woos China with telecom offer

PHILIPPINE President Rodrigo Duterte has offered China Telecom a slot to be the country’s third telecom provider to break the dominance of two local firms, his spokesman said yesterday. The offer was ...

December 13, 2017, Wednesday


Bitcoin surges past US$18,000 on trading debut in Chicago

Bitcoin surges past US$18,000 on trading debut in Chicago

BITCOIN surged past US$18,000 after making its debut on a major global exchange but was trading lower yesterday, highlighting the volatility of the controversial digital currency that has some investors ...

December 12, 2017, Tuesday


VW sees cash outflows in scandal

VW sees cash outflows in scandal

The logo of German carmaker Volkswagen seen at a US dealer. Volkswagen expects cash outflows of 4-5 billion euros (US$4.7-$5.9 billion) next year in relation to the dieselgate emissions cheating scandal, the carmaker’s Chief Financial Officer Frank Witter told journalists yesterday. Dieselgate has so far cost the company more than 25 billion euros and contributed to a strategy shift in the sector toward electric vehicles, with most manufacturers having announced far-reaching investment packages. — AFP...

December 12, 2017, Tuesday




 

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