China overtook the United States as the world's top importer of crude oil for the first time in April, and its purchases are expected to remain strong despite a slowing economy, with far-reaching consequences for global oil and commodities markets.
Tags: China
Sanctions-scarred banks may hold back Iran's economic relief
Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy.
Nissan sees profit gains on vehicle sales growth, cost cuts
Nissan Motor Co (7201.T), Japan's second-biggest automaker, said it expects operating profit to climb 15 percent this financial year, forecasting vehicle sales growth in most regions and promising large cost cuts.
China economy loses more steam in April, further stimulus on the cards
China's money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world's second-largest economy was still losing momentum despite a concentrated burst of policy easing.
Oil glut worsens as OPEC market-share battle just beginning: IEA
A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant U.S. shale production, the International Energy Agency (IEA) said on Wednesday.
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China's interest rate cut kept shares worldwide near record highs on Monday, though euro zone bourses, bonds and the euro were pegged back by a lack of progress in resolving Greece’s financing woes.
Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.
China will increase its healthcare subsidies by 19 percent this year as part of efforts to deepen social reforms and strengthen safety nets, the government said on Saturday.
China's central bank cut its benchmark interest rate on Sunday for the third time since November, as economic growth cools to levels not seen since the global financial crisis.
China's Tiens Group Co. Ltd is treating more than half of its 12,000 employees to a four-day holiday in France and has booked up 140 hotels in the capital Paris as part of the package, a French Foreign Ministry spokeswoman said on Thursday.
China's crude oil imports hit a record high in April as falling prices encouraged stockpiling, but coal imports plunged and shipments of other commodities generally eased on a year earlier amid a sluggish economy.
Contrary to what KGI Securities analysts Ming-Chi Kuo said, two Chinese analysts hint that a four-inch iPhone 6c is coming this year that will have a Sony camera sensor. Another rumor says Force Touch technology may be exclusive for the iPhone 6s Plus. Further, Apple acquires 38 patents, including patents for the Apple Watch.
Energy, transport and finance deals are likely to be on the agenda as Chinese President Xi Jinping meets his Russian counterpart Vladimir Putin during a three-day visit to Russia, where he will attend World War Two commemorations.
Bombardier Inc outlined plans to list a minority stake in its rail unit on Thursday, as it reported a quarterly profit that topped market expectations. The initial public offering is expected to take place in the fourth quarter and the main listing is likely to be in Germany, where its rail business is headquartered.
