text

Pay cuts reflect financial difficulties of China Railway Corp.

Around 40 employees of China Railway Corp (CRC) kneeled down in front of the corporation’s headquarter in Beijing on December 9, 2015, appealing for equal pay and protesting against the terminations of contractors, caixin.com reported.

text

Cuba, U.S. meet for first time on mutual compensations

​Cuba and the United States on Tuesday held their first talks to discuss mutual compensations for Cuba's nationalization of American assets and the damages derived from the U.S. economic blockade on the island.

text

Japan's core machinery orders up 10.7 pct in October

The Japanese government said Wednesday that core machinery orders in private sector here jumped a seasonally adjusted 10.7 percent in October on month for the second straight monthly increase.

text

Shanghai-HK Stock Connect steady in first year

Shanghai-Hong Kong Stock Connect has operated steadily since its launch a year ago, despite the crisis in the mainland's stock market last summer.

text

Macao chief executive highlights people's livelihood in 2016 policy address

​Chief executive of the Macao Special Administrative Region (SAR) Chui Sai On said on Tuesday the region is poised to continuously improve people's livelihood and speed up "appropriate diversification" of the local economy.

text

Canton Fair sees fewer buyers, shrinking turnover

​China's largest trade fair on Wednesday concluded its 118th session in the southern province of Guangdong with fewer buyers and transactions, mirroring tough export prospects for China.

text

China aims to quadruple express delivery market by 2020

China aims to nearly quadruple the revenues of its express delivery market by 2020 in a move to boost consumption and services as the economy slowed on softening trade and investment.

text

Japan's Sharp announces sale of head office buildings in Osaka

​Japan's electronics giant Sharp announced on Monday that it will sell its two head office buildings in Osaka for a total of 18.8 billion yen (156 million U. S.dollars).

text

Toshiba logs 317.7 mln USD net loss in FY 2014

​Japan's Toshiba Corp. logged 37.83 billion yen (about 317.7 million U.S. dollars) group net loss for the past fiscal year through March due to asset impairment charges and other losses, local media reported Monday.

text

Rio mayor praises private-sector Olympic investment

Rio de Janeiro mayor Eduardo Paes said Monday that private-sector investment in the city's Olympic infrastructure projects will ensure the Games are delivered on time and within budget.

text

ESM gives green light to third Greek bailout package

​The European Stability Mechanism (ESM) on Wednesday gave green light to Greece's 86-billion-euro bailout package, following lawmakers in several member states nodded to the plan.

text

Japan's trade deficit shrinks less than expected following weak GDP data

Japan's trade deficit shrinks less than expected following weak GDP data

text

EU says Greek financing need for bailout not to exceed 86 bln euros

The European Union (EU) on Tuesday dismissed reports which warn Greece's financing need will exceed 86 billion euros, the overall sum the country will receive under an Eurozone fund in its fresh bailout plan, saying de facto figure even could be much less.

text

Eurozone exports continue to benefit from weaker euro in June

The exports of the 19-country Eurozone increased to 182.7 billion euros in June, official data shows, suggesting the single currency bloc continued to benefit from the weakened euro.

text

Commonwealth Bank of Australia announces record profit

The Commonwealth Bank of Australia (CBA) will tap shareholders for a 5 billion dollar lift in capital reserves after unveiling a record 9.15 billion Australian dollar ( 6.67 billion U.S. dollar) cash profit on Wednesday.

text

Lock-up shares worth 55 bln yuan to become tradable

Lock-up shares worth nearly 55 billion yuan (nine billion U.S. dollars) will become eligible for trade on China's stock market next week.

text

Brazilian banks remain profitable despite continuing crisis

Despite the crisis in Brazil, some of the country's most prominent banks registered good results in the second quarter and even announced the acquisition of other banking institutions.