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UK authorities fine Deutsche Bank 204 million USD
British authorities have fined Deutsche Bank over 160 million pounds or about 200 million US dollars after it failed to maintain adequate anti-money laundering controls.
China-led consortium buys 40% stake in Pakistan stock exchange
In response to the acquisition of a stake in the Pakistan Stock Exchange by a consortium led by three Chinese stock exchanges, China Securities Regulatory Commission spokesperson Deng Ke says this deal is beneficial for both economies.
China's manufacturing shows signs of stabilizing economy
Official figures are suggesting China's manufacturing sector has expanded for the sixth month in a row. The purchasing managers' index (PMI) for the sector came in at 51.3 in January, 0.1 lower than in December.
Chinese brands may occupy half of global smartphone market in 2017
Chinese brands are expected to occupy half of the global smartphone market in 2017, according to market research firm TrendForce.
China's manufacturing shows signs of stabilizing economy
China's manufacturing sector expands for the sixth month in a row, adding evidence that the world's second largest economy is stabilizing amid uncertain global outlook.
U.S. announces to charge China's large washing machines with punitive duties
U.S. International Trade Commission has announced hefty tariffs on certain large residential washing machines made in China. The ITC has been accusing Chinese manufacturers of dumping washing machines into the U.S. market at artificially low prices. As such, they are now being hit with punitive duties ranging from 32 to 52 percent.
Volkswagen to recall 1,993 vehicles in China
Volkswagen China will recall 1,993 vehicles in Chinese mainland due to defective body control modules (BCM), according to the country's top quality watchdog.
Could Bank of China leave London?
Bank of China could be set to move some of its London operations to Dublin. That's according to a report from the Irish Independent newspaper, which suggests that the Bank of China (BoC), together with Sumitomo Mitsui Banking Corporation of Japan, is in talks with the Irish Government about a possible relocation.
China says central SOEs' debt risks controllable
Debt risks at China's centrally-administered state-owned enterprises (SOEs) are controllable as the companies' debt level continued to fall in 2016, according to the SOE watchdog.
Direct flight launched between Australia's Sydney and China's Wuhan
A new route by China Eastern Airlines has been launched on the Eve of Chinese lunar New Year between Australia's Sydney and China's Wuhan.
China overtakes US as Germany's largest trading partner: report
China has overtaken the United States to become Germany's top trading market in 2016 for the first time, according to data collected by the Association of German Chambers of Commerce and Industry (DIHK).
Switzerland to give Chinese products simpler customs procedures
China and Switzerland have signed a customs agreement on mutual authorized economic operator (AEO) status, a move that will further boost bilateral trade and economic cooperation, the country's top customs authority said on Saturday.
Nasdaq special opening bell celebrates Chinese New Year
The New York-based Nasdaq stock exchange marked the Chinese Lunar New Year on Friday with a special bell ringing ceremony to kick off the day's trading.
China to protect steel pipe companies' legitimate rights
The Ministry of Commerce (MOC) said on Friday that it will take the necessary steps to protect the legitimate rights of Chinese companies following anti-dumping measures taken by the European Union.
China's property market to see slower sales growth in 2017: Moody's
Moody's Investors Service expects China's property market to show a slower pace of sales growth in 2017 following tightened regulations to ease an overheated market.
Alipay takes off with Finnair
Finnish national airline Finnair is to activate the Chinese online payment system Alipay on one of its flights between China and Finland.
Alibaba's financial arm to acquire MoneyGram
Ant Financial, e-commerce giant Alibaba's financial arm, announced late on Thursday that it has reached a deal to acquire U.S. money-transfer company MoneyGram for 880 million U.S. dollars.
China-made plane lands at Kathmandu airport as Nepal's national flag carrier takes delivery of 3rd Chinese plane
A China-made MA60 plane landed at Tribhuvan International Airport (TIA), in Kathmandu on Thursday as Nepal Airline Corporation (NAC), took delivery of the third Chinese plane after a nearly two-year long hiccup.
Chinese online food delivery transactions total 176.15 billion yuan in 2016
Transactions within China's online food delivery industry yielded 176.15 billion yuan(USD 25.64 billion) in 2016, increasing 361 percent from 2015, according to a recent report from information consulting company BigData-Research.
China's oil giant expects 80% fall in net income due to oil prices slump
China National Petroleum Corporation (PetroChina) warned that it is expecting net profits for 2016 to fall by up to 80 percent.
U.S. stocks end at record highs on upbeat earnings
U.S. stocks extend gains Wednesday, with the Dow closing above the 20,000 milestone for the first time ever, as investors digested a batch of generally positive corporate earnings reports.
China RQFII quota hits 529.6 bln yuan
A total of 179 overseas institutions have received quotas amounting to 529.6 billion yuan (77.2 billion U.S. dollars) under the RMB Qualified Foreign Institutional Investors (RQFII) program, the State Administration of Foreign Exchange said Wednesday.
Chinese lenders' bad loan ratio at 1.74 pct by 2016
Chinese lenders saw their bad loan ratio reach 1.74 percent at the end of 2016, the country's banking regulator said Wednesday.
Forex regulator dismisses reports on transnational financing regulation
China's foreign exchange regulator on Wednesday issued a statement on its website, dismissing media reports on tightened regulation of transnational financing. No restrictions on cross-border renminbi receipts, payments: central bank
China to further investigate in Bitcoin exchanges
The People's Bank of China (PBOC), the central bank, said Wednesday that it will continue its investigation into the country's Bitcoin exchanges.
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