Thursday 24 April 2014
 
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China factory activity shrinks for 4th month

China's factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the s

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Sabic CEO meets China PM at Boao Forum

Mohamed Al-Mady, Sabic vice chairman and CEO, has reaffirmed Sabic’s commitment to Asia and China’s inclusive growth by increasing its investments in the region and supporting sustainable development. Al-Mady was deliv

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World economy on steady course: poll

The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed. Growth in the US, the wor

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Chinese investment group in Bahrain

A Chinese investment delegation led by the China Overseas Development Agency is in Bahrain for a visit organised by the Economic Development Board (EDB). The group includes more than 20 business leaders from some of China's to

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China inflation up over higher food prices

China's consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world's second-largest economy.

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Chinese ship hunting for Malaysia jet detects 'ping'

 A Chinese patrol ship hunting for a missing Malaysia Airlines jetliner detected a pulse signal in the south Indian Ocean on Saturday, the state news agency Xinhua reported, in a possible indicator of the underwater beacon from a plane'

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Chinese banks to undergo stress tests

The China Banking Regulatory Commission (CBRC) has said it will conduct regional and national stress tests after banks saw a spike in bad loans last year, the Shanghai Securities News reported yesterday, reflecting growing concerns over credit r

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Major economies end first quarter on weaker note

Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth. Factories across

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China seizes $14.5bn assets from kin of ex-security chief

Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the centre of China's biggest corruption scandal in more than

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CNOOC profit slides 11.4 per cent

China's top offshore oil producer CNOOC posted a 11.4 per cent slide in its 2013 net profit yesterday, lagging analysts' forecasts, as it struggled to deliver production growth and control costs amid weakening crude prices.

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