Net profit of German carmaker Volkswagen slumped in the first quarter of 2016, said the company on Tuesday, insisting that the overall performance at the year start was in line with its expectation.
Jun 012016
May 272016
The Industrial and Commercial Bank of China (ICBC), the world’s biggest in terms of capital and deposit, on Thursday voiced its readiness to continue its “all-round” financial services for “Belt and Road” projects.
May 272016
A court in Shanghai on Thursday ordered search engine Baidu to pay 3.23 million yuan (490,000 U.S. dollars) to a Shanghai company for unfair competition.
May 272016
China’s debt is under control and there is room for more government debt, the Ministry of Finance (MOF) said Thursday.
May 272016
SAIC-GM, a joint venture between SAIC Motor and General Motors, will recall about 2.16 million vehicles in China because the engine crankcase ventilation valves may corrode, the country’s top quality watchdog said Thursday.
May 212016
Chinese e-commerce giant Alibaba said on Thursday that the company was “100 percent committed” to fighting counterfeit brand goods and aimed to be a leader in the battle against fake goods.
May 192016
The U.S. Labor Department on Wednesday issued a rule to increase the overtime protection for workers, as the country suffered a continuing shrinking of the middle class.
May 182016
U.S. new home starts and building permits rebounded in April, a signal that housing market may gain some momentum after a sluggish first quarter.
May 022016
The free trade agreement signed by Australia and China late last year is “delivering” for Australian businesses, the nation’s Minister for Trade and Investment said on Monday.
May 022016
Vice Minister of Commerce Qian Keming on Monday urged more support for the development of China’s foreign trade so as to realize a steady and positive development this year.