CANBERRA, Feb. 4 (NsNewsWire) — Australia’s University of Newcastle (UON) on Friday announced the establishment of a scholarship program supported by China’s Jack Ma Foundation. Jack Ma Foundation will give US$20 million (AU$26.4 million) to fund a first of its kind scholarship program at UON, marking the largest philanthropic commitment in UON’s history, and the […]

BEIJING, Feb. 2 (NsNewsWire) — China’s manufacturing sector has expanded for the sixth month in a row, a sign the economy is stabilizing amid an uncertain global outlook. The country’s manufacturing purchasing managers’ index (PMI) came in at 51.3 in January, 0.1 lower than in December, according to data released by the National Bureau of […]

MEXICO CITY, Feb. 2 (NsNewsWire) — Mexican authorities announced Wednesday that Chinese automaker JAC would soon begin producing cars in the central Mexican state of Hidalgo. Hidalgo Governor Omar Fayad announced the 4.4-billion-peso (212-million-U.S.-dollar) deal between Mexico’s Giant Motors Latinoamerica and Chinese state-owned automaker JAC Motors at a press conference in the capital, reports Xinhua. […]

SYDNEY, Feb. 1 (Xinhua) — More than 2,500 people have been left without jobs after Toyota announced it would close its manufacturing plant in Melbourne’s west in Australia. Toyota said its total staff in Victoria would drop from around 4,000 to 1,300 people when it stops manufacturing and moves its workforce to the CBD. In […]

BEIJING, Feb.1 (NsNewsWire) — China’s power use is expected to grow by 3 percent in 2017 due to a slowing economy, the China Electricity Council has said. The growth marks a slow down from 2016, when the nation’s power consumption grew 5 percent year on year to stand at 5.9 trillion kilowatt hours boosted by […]

NEW YORK, Jan. 31 (NsNewsWire) — U.S. stocks slid Monday as Wall Street awaited the Federal Reserve’s two-day policy meeting scheduled to begin Tuesday. The Dow Jones Industrial Average fell 122.65 points, or 0.61 percent, to 19,971.13. The S&P 500 dipped 13.79 points, or 0.60 percent, to 2,280.90. The Nasdaq Composite Index was down 47.07 […]

NEW YORK, Jan. 31 (NsNewsWire) — Oil prices fell for the second consecutive session on Monday, after data showed a recovery for U.S. drilling activity. The number of U.S. rigs classified as drilling for oil was up 15 to 566 last week, according to oilfield service firm Baker Hughes on Friday, the highest since November […]

BERLIN, Jan. 31 (NsNewsWire) — The inflation rate in Germany as measured by the consumer price index (CPI) is expected to reach its highest level since July 2013, German federal statistics office Destatis said on Monday. According to the preliminary figures of Destatis, the inflation rate in January is expected to increase by 1.9 percent […]