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China's economy cools in the fourth quarter, 2018 growth hits 28-year low

2 mins ago DieselGasoil Comments Off on China's economy cools in the fourth quarter, 2018 growth hits 28-year low
BEIJING (Reuters) – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s central business Read More

International worries as China's consumption and economy slows

25 mins ago DieselGasoil Comments Off on International worries as China's consumption and economy slows
Picture China’s economy and you might be thinking of massive factories, gigantic airports or train stations built from scratch in 24 hours. For another view, you could follow Xu Liqiang as he threads the streets of Beijing in a beaten-up tuk-tuk (motorised rickshaw). Xu is 21 years old and a “kuaidi” (express delivery) driver. Each Read More

Toyota, Panasonic to set up EV battery JV in 2020: source

19 hours ago DieselGasoil Comments Off on Toyota, Panasonic to set up EV battery JV in 2020: source
TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said. Toyota Motor Corp President Akio Toyoda (L) and Panasonic Corp President Kazuhiro Tsuga Read More

China set to post slowest growth in 28 years in 2018, more stimulus seen

23 hours ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

EU must approve Siemens/Alstom deal, says French finance minister

1 day ago DieselGasoil Comments Off on EU must approve Siemens/Alstom deal, says French finance minister
FILE PHOTO: French High Speed Train (TGV) made by French train maker Alstom stops next to a German High Speed Train (ICE) made by Siemens at Munich’s railway station June 16, 2014. REUTERS/Lukas Barth/File Photo PARIS (Reuters) – The European Union must approve the tie-up between Germany’s Siemens (SIEGn.DE) and French group Alstom (ALSO.PA), said Read More

Tencent weighing bid for holding company behind Korea's Nexon: sources

1 day ago DieselGasoil Comments Off on Tencent weighing bid for holding company behind Korea's Nexon: sources
HONG KONG/SEOUL (Reuters) – Chinese gaming titan Tencent Holdings Ltd is considering a bid for the holding company that controls South Korean gaming company Nexon, two sources with knowledge of the matter told Reuters. Logo of Tencent is displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu Tencent is looking Read More

Trump says deal 'could very well happen' with China

1 day ago DieselGasoil Comments Off on Trump says deal 'could very well happen' with China
WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song “Things are going very well with China Read More

Trump says a deal 'could very well happen' with China

1 day ago DieselGasoil Comments Off on Trump says a deal 'could very well happen' with China
U.S. President Donald Trump talks to the media, ahead of his departure to Dover, Delaware, on the South Lawn of the White House in Washington, U.S., January 19, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday progress is being made toward a trade deal with China and denied that he Read More

Cross-border bridge connecting Russia & China to open in 2020

2 days ago DieselGasoil Comments Off on Cross-border bridge connecting Russia & China to open in 2020
The construction of a long-awaited bridge across the Amur River, aimed at connecting Russia’s Far East city of Blagoveshchensk with the northeastern Chinese city of Heihe, will be completed next year. The bridge will be ready for traffic this year, according to the head of Amur Region, Vasily Orlov. He told journalists that construction works Read More