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French PSA sales up 5.5 pct in first half of 2014

 Economy
Jul 182014
 

Resilient demand in Europe and booming Chinese market helped France’s No. 1 car maker PSA Peugeot Citroen to provide 5.5 more units worldwide in the first half of the year compared to the same period in 2013, the group said Thursday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

5.3 million Europeans under 25 unemployed: EP

 Economy
Jul 182014
 

The European Parliament (EP) on Thursday called for stronger measures to fight unemployment among young people in the European Union (EU), revealing that 5.3 million Europeans under 25 years old are unemployed.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

<a href=’http://news.xinhuanet.com/english/china/2014-07/18/c_133492887.htm’ target=’_blank’>Home prices continue to fall in more cities</a>

 Economy
Jul 182014
 

Home prices continue to fall in more citiesChina’s property sector continued to cool in June, with new home prices in 55 of 70 major cities reporting month-on-month drops, the National Bureau of Statistics said Friday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

Finnish ex-Nokia employees to be hard hit by Microsoft cutback

 Economy
Jul 182014
 

Global software giant Microsoft announced Thursday that it will eliminate up to 18,000 jobs over the next year in an effort to simplify the organization and integrate the recently-acquired mobile phone business of former Finnish handset maker Nokia.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

German steel industry picks up in 2015: report

 Economy
Jul 182014
 

German steel industry is picking up in 2015, the Rhine-Westphalia Institute of Economic Research (RWI) in Essen said on Thursday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

U.S. housing starts fall 9.3 pct in June

 Economy
Jul 182014
 

U.S. homebuilders broke ground on fewer houses in June and applications for building permits also fell compared with the prior month, U.S. Department of Commerce reported on Thursday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

China Exclusive: Nuclear power contractor seeks merger with energy giant

 Economy
Jul 182014
 

China’s State Nuclear Power Technology Corp. (SNPTC) is seeking a merger with China Power Investment Corp. (CPIC), an SNPTC spokesman said Thursday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

South Korea becomes most important non-european investor for Slovakia

 Economy
Jul 182014
 

The Republic of Korea is the most important non-European investor in Slovakia, said Slovak Foreign and European Affairs Minister Miroslav Lajcak after meeting the head of South Korean diplomacy Yun Byung-se in Bratislava on Thursday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

Japan’s households bank loans drop at record in Q2

 Economy
Jul 182014
 

Japan’s households loan demand in the second quarter of 2014 plunged at the fastest pace on record, which could be ascribed to the sales tax hike since April, local media reported Thursday.

 Posted by XINHUANEWS at 11:00 pm  No Responses »

S. Africa praises BRICS Development Bank

 Economy
Jul 182014
 

The Bank will mobilize resources for infrastructure investment and sustainable development projects including transformational infrastructure projects that allow the region to take forward its regional integration agenda a.

 Posted by XINHUANEWS at 11:00 pm  No Responses »
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