Bloomberg

Winter cuts dent China's industrial output

Beijing - Muslimchronicle

China's industrial output slowed again in November, official data showed Thursday, as authorities press on with their fight against smog by clamping down on polluting heavy industries. Output at factories and workshops expanded 6.1 percent year-on-year, the National Bureau of Statistics (NBS) said, against 6.2 percent in October and in line with forecasts in a Bloomberg News survey. In someRead more

Bitcoin hits $15,000 for first time after fresh surge

London - Muslimchronicle

Bitcoin rocketed above $15,000 on Thursday, extending the virtual currency's mammoth surge this year and following an advance of more than 50 percent in just one week. It struck a record-high $15,075.02 at 1005 GMT, according to Bloomberg.Read more

China export growth slows in August on weak demand

Beijing - Muslimchronicle

Chinese export growth slowed in August, official data showed Friday, coming in below expectations as weak global demand weighs on the world's second largest economy. Exports rose 5.5 percent year-on-year, the customs administration said, down from a 7.2 percent increase in the previous month and missing a Bloomberg News forecast of 6.0 percent. Imports climbed 13.3 percent, beating an expectedRead more

Chinese export, import growth rates slow in July

Beijing - Muslimchronicle

Chinese trade growth slowed significantly in July compared to the previous month, official data showed Tuesday, coming in well below expectations after months of steady momentum. Exports rose 7.2 percent year-on-year to $193.65 billion, the customs administration said, undershooting a Bloomberg News forecast of 11 percent. Imports were up 11 percent year-on-year -- compared with an expected increase of 18Read more

Most Asia markets up after Wall St record, China growth stable

Hong Kong - AFP

Most Asian markets rose Monday following another record close on Wall Street, while Shanghai stocks pared steep early losses thanks to stronger than expected growth figures. The world's number two economy expanded an annualised 6.9 percent in April-June, beating forecasts in an AFP survey and indicating it is stabilising after a years-long slowdown. However, while the reading was the sameRead more

Chinese group bids $11.6 bn for warehouse firm GLP

Singapore - AFP

A Chinese consortium on Friday offered more than $11 billion for Singapore's Global Logistic Properties Ltd, which provides warehouses for the likes of Amazon China and WalMart, as e-commerce drives demand for logistics space. In filings with the Singapore Exchange, both firms said they were "pleased to announce the proposed acquisition" after GLP selected Nesta Investment Holdings as its preferredRead more

Shanghai, Hong Kong lead gains as Comey in view

Hong Kong - AFP

Shanghai and Hong Kong led most Asian markets higher Thursday after Chinese trade data beat forecasts, even as investors await Britain's election results and testimony from fired FBI boss James Comey on his probe into the Trump administration's Russia links. Traders are on tenterhooks ahead of the big events, which could either fuel a sharp sell-off or reignite a rallyRead more

Bloomberg leads mass coalition declaring support

New York - AFP

Former New York mayor Mike Bloomberg led nearly 1,000 business and government officials declaring they would honor the Paris climate accord on Monday, days after US President Donald Trump announced a US exit from the 190-plus nation pact. Experts said the groundswell of support from the private sector, big states such as New York and California, and state and localRead more

China factory activity expands further in March

Beijing - ArabToday

Chinese factory activity accelerated in March, official data showed on Friday, the latest sign of improving momentum in the world's second-largest economy but analysts warned of headwinds later down the line. The figures are the most recent to suggest that a years-long growth slowdown, which has had knock-on effects globally, could be easing, although there are also concerns about theRead more

Coal India increases dividend payout for second time in a month

Kolkata - Arab Today

Coal India Ltd., the world’s biggest miner of the fuel, said it will pay a dividend of Rs1.15 a share, its second payout in less than a month. The payment will amount to Rs7.13 billion ($109 million), according to Bloomberg calculations based on a stock exchange filing on Sunday. The Kolkata-based company has set March 29 as the record dateRead more