Friday 6 March 2015
 
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China

China signals 'new normal' with lower growth target

China announced an economic growth target for 2015 of around 7 per cent on Thursday and said it would boost government spending, signalling that the lowest rate of expansion for a quarter of a century is the "new normal" for the world&

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China economic growth likely to slow to 7pc in Q1

China's economy is expected to slow to an annual 7 per cent in the first quarter of this year, a top Chinese government think tank said in a research report, a sign policy makers will have to roll out more stimulus to support faltering growt

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Oil falls 1pc on higher Libya production

Oil fell about 1 per cent on Monday after posting its first monthly rise since June, pressured by continued weakness in China's vast manufacturing sector and higher Libyan crude output. The Chinese central bank cut benchmark l

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China cbank steps up monetary easing to beat deflation

Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest

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Chinese medicinal herb compound shows promise for Ebola

A drug derived from a Chinese medicinal herb is showing promise for combating Ebola infection, effectively imprisoning the virus inside cells so it cannot do its usual damage, scientists said on Thursday. The researchers said the

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Iran launches $2.7bn high-speed rail project

Iran has started work on its €2.4 billion ($2.73 billion) high-speed railway network, which will extend about 400 km from capital Tehran to the city of Isfahan, said a report. The railway line is being built by China Railway

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China to hike oil product exports, add to glut

Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins.

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China to hike oil product exports, add to glut

Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins.

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Air Arabia flies to 101st destination

Air Arabia, a Sharjah-based low-cost carrier, has announced that its inaugural flight has landed in Urumqi, China, marking the carrier’s 101st global destination. The airline flies thrice-weekly to Urumqi from its main hub in Shar

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Chinese firm to bring 3D printed homes to Egypt

WinSun Decoration Design Engineering, a China-based company behind the 3D printing house technology, has clinched a major 20,000-unit order from Egypt government, said a top official. These houses are made using an exclusive print

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