Economic review

U.S. stocks open lower ahead of Fed decision

2018-03-21 23:09:00

U.S. stocks opened lower Wednesday as investors were awaiting the closely-watched Federal Reserve decision on monetary policy due out later in the day. Full Story

Africa launches world's largest FTA to boost trade amid rising global protectionism

2018-03-21 22:39:00

An agreement to launch the African Continental Free Trade Area (AfCFTA) was signed in Kigali Wednesday, thus creating the largest free trade area on the world's poorest inhabited continent. Full Story

Toy retailer bankruptcy no major impact on Chinese toy exports: association

2018-03-21 22:35:00

The bankruptcy of U.S. toy retailer Toys "R" Us has had no major impact on China's toy exports, authorities said Wednesday. Full Story

China's listed central state firms report rising profits

2018-03-21 22:30:00

China's listed centrally administered state-owned enterprises (SOEs) posted strong profits for 2017 as the country's mixed-ownership reform has enhanced their competitiveness and improved financial performance. Full Story

Some 1.2 million Chinese tourists visit Thailand in February

2018-03-21 22:08:00

Some 1.2 million tourists from China visited Thailand in February, up 51 percent from the same period last year, a senior government official said on Wednesday. Full Story

No winner in trade war: Chinese Foreign Ministry

2018-03-21 21:56:00

A Chinese Foreign Ministry spokesperson on Wednesday reaffirmed that no one will emerge a winner from a trade war. Full Story

Tencent profit up 74 pct in 2017

2018-03-21 21:34:00

Chinese tech giant Tencent said Wednesday that its profit attributable to shareholders surged 74 percent last year thanks to "solid growth" across its core businesses. Full Story

G20 finance ministers defend multilateral trading system

2018-03-21 16:59:00

Trade protectionism was the main topic discussed by finance ministers and central bank governors at the Group of 20 (G20) ministerial meeting in Buenos Aires which came to a close on Tuesday. Full Story

China's fiscal revenue up 15.8 pct in first two months

2018-03-21 16:26:00

China's fiscal revenue rose 15.8 percent year on year to 3.66 trillion yuan (577.3 billion U.S. dollars) in the first two months of 2018, official data showed Wednesday. Full Story

Fonterra CEO resigns as dairy giant announces gross loss in first half results

2018-03-21 16:16:00

Australia's Threatened Species Commissioner has launched a smartphone application to save the endangered bilby from extinction. Full Story