Monday, January 23, 2017

Business

Pertinent Business

China’s economy — the second largest globally behind the United States — finished 2016 far stronger than where it began, with economic growth accelerating strongly in the final quarter of the year.According to China’s National Bureau of Statistics (NBS),...
Banks are already preparing to move thousands of jobs out of Britain after Prime Minister Theresa May revealed that she wanted a complete break with the European Union.May said Tuesday that Brexit meant the U.K. would also cease to...
PBOC orders major trading platforms to halt leveraged trading business, and strengthen internal systems to curb money launderingChina has halted leveraged trading in bitcoins, nearly a week after the central bank launched its first-ever probe into platforms offering the...
The 2017 World Economic Forum has officially begun. About 3,000 people were expected to arrive this week in the Swiss Alps region of Davos, Switzerland, to discuss matters like financial markets and automation, Fortune reported.The forum, which kicked off Monday evening, will...
China’s benchmark money-market rate jumped the most in two years, with record central bank cash injections being overwhelmed by demand before the Lunar New Year holidays.The People’s Bank of China put in a net 410 billion yuan ($60 billion) through...
China’s president, Xi Jinping, has delivered a strong defence of globalisation, serving notice to Donald Trump that Beijing will seek to usurp America’s traditional role as the champion of free trade and open markets.Xi used an hour-long address to the World Economic...
Against US dollar, the pound is 30 per cent lower than its averageThe latest slump in the value of the pound means some travellers flying from Britain today are paying more than £1 for each euro - and a McDonald's...
Today will see a through the looking glass moment at Davos.The leader of the world's largest Communist Party will take to the stage at the World Economic Forum (WEF) in the Swiss ski resort arguing for globalisation and the...
The Port of Karachi, (Bandar Gah Karachi) is one of South Asia’s largest and busiest deep- water seaports handling about 60% of the nations’ cargo. The international freight forwarding business emerged in Pakistan in 1980’s. As seaborne trade continues...
French optical lens maker and Italian maker of Ray-Ban and Oakley brands had been seen on collision coursePARIS—French optical lens maker Essilor International SA and Italian spectacle frames maker Luxottica said Monday they have agreed to merge, creating an eyewear industry giant with...