Tuesday, April 15, 2014
China's economic expansion slowed in the first three months of this year, according to an AFP survey, and remains on track for its worst annual performance in nearly a quarter-century as reform priorities trump growth concerns.
A group of Chinese state-owned companies is buying a Peruvian copper mine from Glencore Xstrata PLC for US$5.85 billion, adding to a wave of Chinese resource acquisitions abroad.
Singapore's economic growth slowed sharply in the first three months of the year, data showed Monday, but the central bank stood pat on monetary policy, saying it would be lifted by a pick-up in global growth.
The United Arab Emirates finance minister said Sunday that officials are finalizing a new law to boost entrepreneurship with broad incentives, part of a wider push to create jobs for a burgeoning young population.
Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. There's a twist, though: Instead of being the game-changing phenomena it was in the U.S., Uber faces a slew of competitors using similar technology.
Eurozone industrial output edged higher in February, official data showed Monday, in line with recent data showing a very modest economic recovery in the single currency bloc.
Foreign direct investment (FDI) in Indonesia may double the average growth rate of FDI going into other emerging markets, which was estimated to have reached about 10 percent a year, Investment Coordinating Board (BKPM) Chief Mahendra Siregar said.
The Russian stock markets and the ruble fell in early trading on Monday after clashes between pro-Russian forces and the Kiev authorities in eastern Ukraine.
French auto group Peugeot Citroen, fighting to recover from crisis with a new Chinese shareholder, presented a recovery strategy on Monday, but its shares slumped.
U.S. bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.