Business - NsNewsWire

Japan’s industrial output drops for 1st time in 6 months in January

TOKYO, Feb. 28 (Xinhua) — Japan’s industrial production declined for the first time in six months in January with the output of transportation equipment dragging down overall production sectors in the recording period, the Ministry of Economy, Trade and Industry, said in a preliminary report on Tuesday. According to the ministry, factory output dropped 0.8 […]

S.Korean prosecutors to indict Samsung heir, executives on bribery charge

SEOUL, Feb. 28 (Xinhua) — South Korean special prosecutors investigating the scandal embroiling President Park Geun-hye planned Tuesday to indict Samsung Electronics Vice Chairman Lee Jae-yong on bribery charge. Lee Kyu-chul, spokesman of the independent counsel team, told the last press briefing that Lee and four senior Samsung executives will be indicted later in the […]

Australian industry group warns of job losses from soaring power costs: report

SYDNEY, Feb. 28 (Xinhua) — One of the leading Australian business lobbyists, Ai Group, has warned of nationwide job losses, as power prices skyrocket across the country. The report released Tuesday also stressed not only would businesses suffer from the price increases, but also households, who will see the cost of electricity increase severely. Of […]

Huawei unveils new devices P10, P10 Plus in Barcelona

BARCELONA, Feb. 27 (NsNewsWire) — Chinese company Huawei launched in Spain’s northeastern city of Barcelona on Sunday the P10 and P10 Plus on the occasion of the Mobile World Congress (MWC). The Huawei P10 has a 5.1-inch screen with Full HD resolution and it is powered by a Kirin 960 processor. With a battery of […]

All eyes on China’s growth target as “two sessions” near

BEIJING, Feb. 27 (Xinhua) — With China’s economic growth slowing for a sixth year in 2016 to a 26-year low, the world is watching as the government prepares to announce this year’s growth target at the annual parliamentary session. China adopted a target range for GDP growth for the first time in more than two […]

China’s February inflation forecast at 1.4 pct

BEIJING, Feb. 27 (Xinhua) — China’s consumer price index (CPI) is expected to grow by about 1.4 percent in February from a year earlier, the Bank of Communications said on Monday. The official CPI in February, a main gauge of inflation, is due to be released by the National Bureau of Statistics (NBS) on March […]

China capable of ensuring stability in property market: official

BEIJING, Feb. 23 (Xinhua) — The Chinese government is capable of maintaining stability in the property market, a senior official said on Thursday, as measures have reined in surging prices in major cities. “Despite looming problems and uncertainties, there are more favorable conditions. We are capable of maintaining stable and healthy development of the property […]

Textile and garment machinery exhibition starts

Dhaka, Feb. 23 (NsNewsWire) –International textile and garment machinery exhibition jointly organized by Bangladesh Textile Mills Owners’ Association (BTMA), Yorkers’ Trade and Marketing services of Hongkong and Taiwan’s Chan Chao International Company starts on Thursday. The four days exhibition (Feb. 23 to 26) was inaugurated by Mirza Azam, State Minister for Textiles and Jute at […]

Global sales of British food, drink reach 24.9 billion USD in 2016

LONDON, Feb. 22 (NsNewsWire) — Annual global sales of British foods and drinks have hit the 20 billion pound mark (24.9 billion U.S. dollars) for the first time, Environment Secretary Andrea Leadsom announced Tuesday. The Department for Environment, Farming and Rural Affairs (Defra) said new figures for sales recorded in 2016 revealed that exports grew […]