Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
Profit declines for China's state-owned enterprises (SOEs) continued but narrowed in November, the Ministry of Finance (MOF) said Friday. China's non-financial SOEs raked in 2 trillion yuan (309.1 billion U.S. dollars) in profits from ...
Tags: State Companies, Profitability
Ford Motor has issued three safety recalls and one safety compliance recall for about 317,000 vehicles. The biggest recall is on the Ford Crown Victoria and Mercury Grand Marquis sedan models, manufactured between 2003 and 2005, over ...
Tags: Ford Motor, recalls, Auto
China's economic growth is expected to be unchanged in the fourth quarter of this year, but an improvement is still distant due to property weakness and excess capacity, according to the latest report from UBS. The Swiss banking group ...
It's been reported that online financing and retail investment platform JD Finance, a subsidiary of JD.com, is preparing a 5-billion-yuan Series A funding round with a domestic IPO targeted in 2017. Media reports say the Series A will ...
Tags: Finance Solicits, JD
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
By combing its solar panel business and energy storage sector, BYD delivered a truly zero-emission ecosystem to the world in 2011. Today, BYD makes itself one of the world’s leading EV manufacturers as it topped No.1 by selling most ...
Tags: BYD, EVs, Electric Buses, Battery
Proposals raised by deputies of the National People's Congress (NPC) at the annual parliamentary session in March have been handled well, said the NPC Standing Committee Thursday. According to a report delivered to the NPC Standing ...
Tags: National Legislators, NPC
Customs staff in Shanghai have seized more than 80,000 pieces of smuggled mink fur and detained 13 suspects. The fur was packed in 671 boxes of fiber, customs said on Thursday. The suspects confessed that they had illegally transport ...
Student Li Xiangnan has been charged with the killing of his girlfriend Shao Tong, in the United States, Wenzhou City People's Procuratorate said. Li, 24, a native of east China's Zhejiang Province, is accused of strangling his girlfriend ...
Tags: Prosecuted, Iowa
Chinese legislators on Thursday urged intensified efforts to keep local government debt under control, warning against potential default in the future. Legislators made the comments when attending a panel discussion of the ongoing ...
Tags: Local Gov't Debt
A draft amendment to the population and family planning law is being discussed by the top legislature. Along with the universal two-child policy, the amendment covers issues including illegal surrogacy and the cancellation of extended ...
Tags: Surrogacy, Late Marriage
Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has received multiple orders from a leading foundry in Asia for its Precision Surface Processing (PSP) WaferStorm system (a platform that provides ...
Tags: Veeco Wet processing, Veeco Instruments Inc, Electronics
Veeco Instruments has received multiple orders from a leading foundry in Asia for its Precision Surface Processing (PSP) WaferStorm system. The WaferStorm platform provides wafer processing solutions for advanced packaging applications. ...
Tags: Veeco Instruments, Fan-out Wafer Level Packaging, Packaging