
In Germany, the consumer confidence index from GfK, evaluating the degree of consumer confidence in the power of economic surge dived to about 10…
Shanghai's locally-owned state companies are on the verge of investing an extra 800 billion Yuan every year for the next five years. The funds will be mostly allocated for major strategic industries. That’s what the city government informed on Thursday.
It didn’t provide details of how much regular investment the given state-owned companies were planning. It’s also still unknown what industries the extra funds would be allocated for.
China's ruling Communist Party has stepped up its plans to have the state sector reformed via a mix of market forces as well as targeted support in an attempt to cut inefficiencies and also dominate certain swathes of the national economy.
The fresh thrust suggests shaking up ownership structures as well as injecting private capital into the debt-ridden sector.
In Shanghai, local SOEs managed to earn 3.1 trillion Yuan in 2016, with net revenue hitting 305.8 billion Yuan, as state media informed.
In Germany, the consumer confidence index from GfK, evaluating the degree of consumer confidence in the power of economic surge dived to about 10…
Although the US dollar index is still near its highest levels since January 2018, it lost some points…
Often considered to be a barometer of financial markets, the yield of 10-year American treasuries for the first time since January 2014 has managed to overcome the 3% threshold, although at the beginning of this year it accounted for 2…
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…
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