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Updated: 11 hours 58 min ago

Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua

Sun, 01/13/2019 - 10:14
Bank of China's New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday.

Bangladesh gets $200 million ADB loan for rural road improvements

Sun, 01/13/2019 - 09:57
The Asian Development Bank (ADB) said it signed agreements on Sunday with the government of Bangladesh for $200 million in loans to improve the rural road network in the country.

Saudi energy minister says oil market on 'right track'

Sun, 01/13/2019 - 09:18
Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday the oil market is "on the right track" and will quickly return to balance, but oil producers are willing to do more if needed.

Huawei sacks employee arrested in Poland on spying charges

Sun, 01/13/2019 - 07:28
Chinese telecommunications equipment maker Huawei said on Saturday it had sacked an employee arrested in Poland on spying charges in a case that could intensify Western security concerns about the company.

SpaceX to lay off 10 percent of workforce

Sun, 01/13/2019 - 07:04
Elon Musk's rocket company SpaceX will reduce its workforce by about 10 percent of the company's more than 6,000 employees, it said on Friday.

China says will reduce foreign investment curbs, 2018 FDI rises 3 percent: commerce minister

Sun, 01/13/2019 - 06:59
China will reduce restrictions on foreign investment and address difficulties facing foreign companies investing in the country, the commerce minister said, according to a transcript of an interview he gave to state media.

Zimbabwe plans new currency as dollar shortage bites: finance minister

Sun, 01/13/2019 - 05:37
Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced businesses to close.

Saudi Arabia to set up $10 billion oil refinery in Pakistan

Sun, 01/13/2019 - 05:30
Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan's deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China.

China to reduce restrictions on foreign investment: Xinhua

Sat, 01/12/2019 - 19:04
China will reduce restrictions on foreign investment and address difficulties facing foreign companies investing in the country, the commerce minister said, according to a report by the official Xinhua news agency on Saturday.

UAE energy minister says average oil price in 2018 was $70 a barrel

Sat, 01/12/2019 - 16:57
United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday the average oil price in 2018 was $70 a barrel.

Grab appeals Vietnamese court ruling in taxi company dispute

Sat, 01/12/2019 - 16:55
Ride-hailing company Grab said on Saturday it had filed an appeal against a Vietnamese court ruling last month that ordered it to pay 4.8 billion dong (about $207,000) in compensation to a local taxi operator.

U.S. not looking to grant further Iran oil sales waivers: U.S. official

Sat, 01/12/2019 - 14:21
The United States is not looking to grant more waivers for Iranian oil imports after the reimposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday, underlining Washington's push to choke off Tehran's income.

OPEC is not the enemy of the U.S., UAE energy minister says

Sat, 01/12/2019 - 14:09
Oil producer group OPEC is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi.

AB InBev considers partial IPO of Asian business: bankers

Sat, 01/12/2019 - 12:39
Anheuser-Busch InBev, the world's largest brewer, is considering raising billions of dollars in a partial flotation of its Asian operations, two Asian banking sources said, in a deal that would help to ease its debt burden.

Online sellers to appeal against CCI's Flipkart ruling

Sat, 01/12/2019 - 11:45
A group representing online sellers in India will appeal against the Competition Commision of India's (CCI) ruling in favour of Walmart-owned Flipkart, the group's lawyer Chanakya Basa said in a release on Saturday.

Corrected: OPEC is not the enemy of the U.S., UAE minister says

Sat, 01/12/2019 - 09:22
The Organization of Petroleum Exporting Countries is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi.

U.S. official says not to grant more waivers on Iran oil sanctions

Sat, 01/12/2019 - 08:53
U.S. Special Representative for Iran Brian Hook said on Saturday Washington was not looking to grant any more waivers for Iranian oil after the reimposition of U.S. sanctions.

UAE energy minister expects average oil price of $70 in 2019

Sat, 01/12/2019 - 08:50
United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday he expects an average oil price of $70 a barrel in 2019 on the back of an agreement to cut output by OPEC and non-OPEC oil exporters.

Nissan top executive Munoz resigns amid broadened Ghosn probe

Sat, 01/12/2019 - 08:33
One of Nissan Motor Co's top executives has resigned, further rattling the Japanese automaker's management team as it broadens an investigation into ousted Chairman Carlos Ghosn's alleged financial misconduct.

Unclear how deep and lasting Germany's economic problems are: ECB's Nowotny

Sat, 01/12/2019 - 07:06
It is unclear if Germany's recent economic setbacks are a one-off or a more lasting phenomenon caused by structural problems, particularly in its car industry, European Central Bank policymaker Ewald Nowotny said in remarks published on Saturday.

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