Business - NsNewsWire

EU shoots itself in foot by turning to trade protectionism

BRUSSELS, Jan. 30 (NsNewsWire) — The European Union (EU) is shooting itself in the foot as it has decided to impose higher anti-dumping rules on Chinese steel products, a clearly protectionist move. The European Commission on Friday decided to levy anti-dumping duties on stainless steel pipe products manufactured by Chinese businesses for a five-year period, […]

Slow population growth inhibiting Australian state’s economic growth

SYDNEY, Jan. 30 (Xinhua) — Low job numbers and slow population growth continue to plague the growth of Tasmania’s economy, a report has found. The Deloitte Access Economic report, released on Monday, said the state had stable growth in most areas, particularly retail, domestic visitor numbers and house prices in Hobart. Chris Richardson, an economist […]

Oil prices fall on rising U.S. output speculation

NEW YORK, Jan. 28 (NsNewsWire) — Oil prices fell Friday after data suggested drilling is further recovering in the United States and an increasing U.S. output may follow. The number of U.S. rigs classified as drilling for oil is up 15 to 566 this week, the highest since November 2015, according to data released by […]

Samsung Mobile Bangladesh brings unique experience zone for its visitors at the Samsung pavilion at the “Smartphone and Tab Expo 2017”

DHAKA, Jan. 26 (NsNewsWire) — Samsung Mobile Bangladesh introduces the multi-player VR gaming zone and an augmented reality photo booth at its pavilion in “Smartphone and Tab Expo 2017”. It also showcases its New Superphone the Galaxy C9 Pro for the first time at the Expo. Besides, customers can pre-book this Smartphone in the ‘Smartphone […]

Robi’s airtel brings the youth community closer with the launch of #Yolo

DHAKA, Jan. 26 (NsNewsWire) — The leading youth brand of the country- airtel has set out to bring the youth community closer together over a social-circle named Yolo. Members of this exclusive circle will be able to enjoy unbeatable call rates and internet packs. Yolo aims to celebrate the unbridled spirit of the youth over […]

British automotive industry to see further relations with Chinese market

LONDON, Jan. 26 (Xinhua) — China remained Britain’s third biggest trading partner after the European Union (EU) and the United States, as British car production achieved a 17-year high in 2016, the Society of Motor Manufacturers and Traders (SMMT) said Thursday. China, the world’s largest car market, “remains a vitally important market for the UK […]

U.S. dollar fell on worries over Trump policies

NEW YORK, Jan. 26 (NsNewsWire) — The U.S. dollar fell against most major currencies on Wednesday as investors worry U.S. President Donald Trump is focusing too much on protectionism. Trump signed executive orders on Wednesday to build a wall on the U.S.-Mexico border, boost border patrol forces and curb illegal immigrants entering the country, reports […]

AIIB’s success to rest on transparency, strong governance: president

DUBLIN, Jan. 25 (NsNewsWire) — The president of the young Asian Infrastructure Investment Bank (AIIB), Jin Liqun, said on Tuesday AIIB’s success will ultimately rest on transparency and strong governance. “Our success will ultimately rest on our transparency and strong governance, as we intend to run this organization by the highest international standard,” Jin said […]

Shenzhen GDP up 9 pct, ranks fourth in mainland cities

SHENZHEN, Jan. 24 (NsNewsWire) — The GDP in south China’s Shenzhen hit 1.95 trillion yuan (284 billion U.S. dollars) in 2016, up 9 percent year on year, according to the municipal statistics bureau Monday. The volume, bigger than that of some provinces, such as Shaanxi in northwest China, continues to rank fourth, after Shanghai, Beijing […]