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 […]

BEIJING, May 31 (Xinhua) — Small and medium-sized cities will play a major role in driving China’s consumption growth in the coming decade, according to a Morgan Stanley economist. Robin Xing, the investment bank’s chief China economist, predicted on Wednesday that national annual consumption will rise to 9.7 trillion U.S. dollars in 2030 from last […]

BEIJING, May 25 (Xinhua) — China will increase imports from the United States in wide-ranging areas including agricultural products, energy and high-tech equipment, the Ministry of Commerce (MOC) said Thursday. In a research report on China-US Economic and Trade Relations, the MOC noted the growth potential in U.S. exports as China’s total imports are expected […]

ATHENS, May 25 (Xinhua) — Athens expects a deal on the conclusion of the second review of the third bailout and the next steps that will satisfy both Greece and its international lenders at the next June 15 Euro Group meeting, Greek government spokesman Dimitris Tzanakopoulos said on Thursday. The Greek official dismissed scenarios of […]

KATHMANDU, May 24 (Xinhua) — The Nepali government has decided to award the contract of developing Budhigandaki Hydroelectric Project to China Gezhouba Group Corporation (CGGC), a cabinet minister has said. A cabinet meeting of Nepal Tuesday approved the Energy Ministry’s proposal to let the Chinese developer build the storage type project located at the country’s […]