Business - NsNewsWire

Apple introduces smart compact music speaker

SAN FRANCISCO, June 6 (NsNewsWire) — Apple Inc. introduced Monday a music speaker, its first new hardware since Apple Watch was rolled out two years ago, at an annual gathering of software developers. To be “smart,” the latest product in Apple’s portfolio, known as HomePod, comes with a A8 microprocessor chip, the same power engine […]

IMF mission starts work in Belarus

MINSK, June 6 (NsNewsWire) — The International Monetary Fund (IMF) mission has begun its work in Belarus, the IMF office in Belarus told local media on Monday. The local IMF office said that IMF experts will discuss with the representatives of the state authorities the economic situation in Belarus and will conduct preparatory work ahead […]

Australian trade minister to push for trade liberalization at OECD meetings in Paris

CANBERRA, June 6 (Xinhua) — Australia’s Trade Minister Steve Ciobo has on Tuesday said he will push for greater trade liberalization at a meeting of ministers from governments in the Organisation for Economic Co-operation and Development (OECD), set to be held in Paris later this week. Ciobo, who will vice chair the OECD Ministerial Council […]

Malaysian export surges within expectation at 20.6 pct in April

KUALA LUMPUR, June 5 (Xinhua) — Malaysia’s export for April grew within economists forecasts, expanding by 20.6 percent compared with the same period last year, underpinned by higher shipments of manufactured, mining and agricultural goods. Data from Malaysian International Trade and Industry Ministry showed on Monday that exports reached 73.97 billion ringgit (17.33 billion U.S. […]

Australia’s trade minister champions FTA with China, sees terrific opportunities for B&R Initiative

SYDNEY, June 2 (Xinhua) — It’s been 18 months since the China-Australia Free Trade Agreement (ChAFTA) took effect and Australia’s Trade Minister Steven Ciobo said Friday the accord has been an overwhelming success. The minister said the accord brought large amounts of new jobs and opportunities to the people of Australia. Since the free trade […]

Chinese rail maker develops smart bus

CHANGSHA, June 2 (Xinhua) — A Chinese rail maker announced on Friday that it has developed a type of smart bus to tap China’s lucrative urban transit market. The ART, Autonomous Rail Rapid Transit, was developed by the research arm of CRRC Zhuzhou Locomotive Co., Ltd., which produces key parts for China’s high-speed railway. A […]

U.S. economy grows at modest pace in April, Fed survey shows

WASHINGTON, June 1 (NsNewsWire) — U.S. economy expanded at a modest pace in April and May with still tight labor market and muted price increase pressures, the latest survey result released by the Federal Reserve showed on Wednesday. “Most of the 12 Federal Reserve Districts reported that their economies continued to expand at a modest […]

Milan investors bullish on banks after Italy-EU deal on MPS

ROME, June 1 (Xinhua) — Investors were bullish on banks Thursday after Italy and the European Union (EU) reached an initial agreement on the precautionary recapitalization of the troubled Monte dei Paschi di Siena (MPS) bank. This means the Italian Treasury can step in to rescue MPS after its shareholders and junior bondholders take losses, […]

Malaysia’s FGV returns to profit in Q1 on better palm oil prices

KUALA LUMPUR, May 31 (Xinhua) — Malaysia’s Felda Global Ventures (FGV), the world’s largest crude palm oil producer, announced Wednesday it had returned to profit by posting a net earnings of 2.47 million ringgit (577,350 U.S. dollar) in the first quarter of this year. The improvement was a result of higher average crude palm oil […]