TALLINN, June 8 (Xinhua) — The euro area economic growth forecast was revised upwards and the risks surrounding the growth outlook are considered to be broadly balanced, the European Central Bank (ECB) president said here on Thursday. “These projections foresee annual real GDP increasing by 1.9 percent in 2017, by 1.8 percent in 2018 and […]

KUALA LUMPUR, June 8 (Xinhua) — The total Chinese tourist arrivals in Malaysia increased by 7.5 percent year-on-year to 551,000 in the first quarter, and the momentum may continue to pick up following some encouraging measures by China and Malaysia, Maybank Investment Bank research said in a report Thursday. “The number accounted for only 18 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]