Economic review

Int'l rating agencies confident in BRICS bank

2018-08-29 21:46:08

The BRICS New Development Bank (NDB) has received favorable ratings from S&P Global Ratings and Fitch Ratings, the Shanghai-based bank said Wednesday. Full Story

China unveils top 500 private firms, Huawei peaks list

2018-08-29 14:24:17

China on Wednesday unveiled its latest ranking for 500 largest private enterprises, with telecom equipment giant Huawei and e-commerce firm Suning atop the list amid sound development of the country's private business. Full Story

India registers record high farm output

2018-08-29 13:29:06

Agricultural output during the last financial year (2017 July-2018 June) touched a new high at 284.83 million tons, according to the government's agriculture estimates released on Tuesday. Full Story

Mexican business leader expects to finalize NAFTA by Friday

2018-08-29 13:24:04

Mexico, the United States and Canada may wrap up renegotiations on the North American Free Trade Agreement (NAFTA) by the end of the week, a Mexican business leader said Tuesday. Full Story

Industry confidence in Brazil drops to lowest level since January

2018-08-29 13:04:01

Brazil's industry confidence dropped by 0.4 point in August, reaching the lowest level since January due to internal and external uncertainties, a think tank said Tuesday. Full Story

U.S. consumer confidence hits record high in nearly 18 years

2018-08-29 10:38:39

U.S. consumer confidence reached the highest level in nearly 18 years in August as expectations on jobs and growth rebounded, the New York-based Conference Board reported Tuesday. Full Story

WTO chief calls for action to safeguard global trade order

2018-08-29 10:03:30

Global trade is under threat and whether or not the current situation is a trade war, the first shots have been fired and this calls for action, Director General of the World Trade Organization (WTO) Roberto Azevedo has said. Full Story

China's Jushi firm celebrates largest fiberglass production in Egypt

2018-08-29 03:37:32

China's giant fiberglass corporation Jushi celebrated on Tuesday the completion of the production base of 200,000 tons of fiberglass by its branch in Egypt's Ain Sokhna district of Suez seaside province northeast of Cairo. Full Story

China remains Africa's top trading partner for 9 consecutive years

2018-08-28 22:31:21

China has been Africa's largest trading partner for nine years in a row as major cooperation programs boosted bilateral trade, official data showed Tuesday. Full Story

Petrobras announces binding phase of sale of three fields

2018-08-28 14:08:30

Brazil's state-controlled oil and gas giant Petrobras announced Monday the beginning of the binding phase related to the sale of three off-shore fields in its oil-rich area. Full Story