Grameenphone & LAVA jointly launch affordable smartphones

DHAKA, Nov. 14 (NsNewsWire) — Following the massive success of previous co-branded smartphones Grameenphone and Lava have jointly brought two new affordable smartphones to the market, bundled with exclusive offers. Two Grameenphone-Lava co-branded devices, Lava Iris 605 and Lava Iris 821, were launched at a ceremony at a city hotel on Nov. 14. The devices […]

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China urges EU not to abuse trade remedy measures

BEIJING, Nov. 13 (NsNewsWire) — The Ministry of Commerce said Saturday that the European Union should avoid abusing trade remedy measures, after the latest decision by the European Commission to impose anti-dumping duties on some Chinese steel products. The European Commission Saturday decided to impose provisional anti-dumping duties on imports of seamless steel tubes from […]

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S.Korean exports show signs of recovery in early November

SEOUL, Nov. 12 (NsNewsWire) — South Korean exports, which have struggled with sluggishness amid global economic slowdown, showed signs of recovery in early November thanks to demand for chips, auto parts and oil products, customs data showed on Friday. For the first 10 days of this month, the economy’s overseas shipments reached 13.92 billion U.S. […]

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China’s Gree Group removes chairwoman Dong Mingzhu

GUANGZHOU, Nov. 12 (Xinhua) — Chinese state-owned conglomerate Gree Group has removed its iconic chairwoman, Dong Mingzhu, from the top post, but retains her as the head of its electronics arm, the Forbes 500 Gree Electric Appliances Inc., local government officials confirmed on Friday. The move was ordered by the State-owned Assets Supervision and Administration […]

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Malaysia’s economy grows by 4.3 pct in Q3

KUALA LUMPUR, Nov. 12 (NsNewsWire) — Malaysia’s economy grew by 4.3 percent in the third quarter of 2016, in line with the government’s growth target, the central bank said Friday. The growth rate rebounded from 4.0 percent in the previous quarter, underpinned mainly by continued expansion in private sector spending and additional support from net […]

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U.S. stocks keep rising after Trump victory

NEW YORK, Nov. 10 (NsNewsWire) — U.S. stocks gained for a third straight session Wednesday, as Wall Street assessed the economic impacts after U.S. Republican Donald Trump won the country’s presidential election. The Dow Jones Industrial Average jumped 256.98 points, or 1.40 percent, to 18,589.69. The S&P 500 added 23.70 points, or 1.11 percent, to […]

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Mobile payment more favored, but security concerns linger: report

BEIJING, Nov. 10 (Xinhua) — More Chinese consumers preferred to make payments via smart devices as mobile apps have made purchases much easier, but security concerns remain, a PwC report said. Nearly one-third of respondents in China opted for mobile payment when shopping last year, doubling from 16 percent in 2014, according to the accounting […]

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ADB lends 34 bln USD to China in 30 years

SHANGHAI, Nov. 10 (Xinhua) — Asian Development Bank (ADB) has provided 34 billion U.S. dollars in loans to China since the country became an ADB member in 1986, bank president Takehiko Nakao said Thursday. The loans comprised 31 billion dollars for the public sector and 3 billion dollars for the private sector, Nakao said at […]

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Chinese aviation industry takes off with homegrown technology

ZHUHAI, Nov. 8 (NsNewsWire) — An international airshow that concluded Sunday has displayed China’s new found prowess in aviation technology, with both state-owned and private firms contributing to progress. The 11th China International Aviation and Aerospace Exhibition, which was held in Zhuhai, south China’s Guangdong Province, featured a number of debuts for Chinese aviation technology, […]

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