G-III Apparel Group Ltd. reported fourth-quarter earnings that came in well short of Wall Street targets. For the fourth quarter ended Jan. 31, 2016, G-III reported that net sales increased by 3 percent to $527.4 million from $514.3 ...
Tags: G-III, Earnings, Wall Street targets
China-based smartphone vendors have been mostly inclined to adopt fingerprint recognition for their mid-range and high-end models and consequently they will ship an estimated 200-300 smartphones featuring fingerprint-recognizing functions ...
China saw plunging new loans in February, largely due to the Lunar New Year holiday and a record credit surge in January. New yuan-denominated lending in February dropped to 726.6 billion yuan ($111.96 billion), 297 billion yuan less than ...
Tags: China's New Yuan, new loans
The local NPC & CPPCC have shown their enthusiasm of putting forward their proposals about political issues when the central NPC & CPPCC were just started. The development of logistics industry has attracted great attention in NPC & CPPCC. ...
The global supply of zinc concentrates is shrinking fast, but it might take some time for the resulting tightness in zinc refined metal and, in turn higher premiums, to take hold in the market, zinc sources said. "The game changer was the ...
Tags: Zinc Metal, zinc
Apple, partnering with Chinese bankcard association UnionPay, launched its mobile payment system Apple Pay on Thursday in China, one of the world's largest mobile-payment markets -- but one already dominated by local players like Alibaba ...
The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...
Tags: Economic Crisis, investment banks
China's central bank on Tuesday pumped the biggest amount of funds since September into the financial system in open market operations in an effort to ease a liquidity strain. The People's Bank of China (PBOC) conducted seven-day reverse ...
The International Monetary Fund (IMF) on Tuesday raised alarm of Djibouti's continuing public debt and budgetary deficit. "Expenses relating to public investments have exerted considerable pressure on the budget and external debt," IMF ...
Tags: IMF, Public Debt, Budgetary Deficit
Economists and insiders are calling for more effective goverment supervision as a year of wild swings in China's stock market is coming to an end. China fought an unprecedented and costly war in 2015 to contain wide stock market ...
China's central bank is allowing individuals to set up bank accounts via video teller machines and the Internet. The People's Bank of China issued a note saying banks can use multiple ways to verifying applicants. In addition to going ...
Tags: VTMs, Personal Bank Accounts
Chinese commercial bank must verify the identify of clients when they open personal bank accounts to make sure they are using their real names, a circular showed Friday. The People's Bank of China (PBOC), the central bank, released the ...
Tags: Banks, Real-name Accounts
Profits of China's major industrial firms fell 1.4 percent year on year in November, narrowing from a 4.6-percent decline posted in October, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies with ...
Tags: Industrial Profit, Decline
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
Housing prices in China are expected to grow steadily in 2016, while divergence between bigger and smaller cities will continue, according to a property research organization. Government policy has perhaps helped to ease the housing glut ...
Tags: Property Sector, Mild Growth