Sunday, May 14th, 2017

 

Australia’s BHP heads back to roots, drops Billiton from its name

SYDNEY, May 15 — One of the last reminders of a merger 16 years ago that created the world’s biggest mining house will be erased tomorrow when BHP Billiton changes its name back to just BHP. Dropping the Billiton reflects a move to simplify…


China able to keep its financial markets stable, Premier Li says

BEIJING, May 14 — Chinese Premier Li Keqiang said today that China is capable of maintaining stability in its financial markets. China will also strike a balance between financial stability, gradual deleveraging and steady economic growth, Li…


Iran’s reformist ex-president endorses Rouhani

TEHRAN, May 14 — Iran’s reformist ex-president Mohammad Khatami today endorsed President Hassan Rouhani in a video message, calling on voters to give him another term in this week’s election. “Mr Rouhani’s government has been a…


Greece slashes GDP forecast in new budget plans

ATHENS, May 14 — The Greek government today slashed GDP growth forecast for 2017 as it moved towards submitting new austerity measures, including a wider tax net, for approval by lawmakers.  The government lowered the GDP growth target for the…


China’s COSCO to invest in Kazakhstan border project as part of Silk Road drive

BEIJING, May 14 — China’s Cosco Shipping plans to invest in a special economic zone on Kazakhstan’s border with China as it looks to increase investment in countries involved in the new Silk Road, the company’s chairman said today….


Bursa Malaysia, Shanghai stock exchange ink MOU to further strengthen cooperation

KUALA LUMPUR, May 14 —  Bursa Malaysia Bhd has signed a memorandum of understanding (MoU) with the Shanghai Stock Exchange to  explore potential ways for the two exchanges to  improve their visibility and accessibility to market participants in…


AirAsia, Everbright JV to establish LCC in China (VIDEO)

BEIJING, May 14 — AirAsia Bhd has signed a memorandum of understanding (MoU) with China Everbright Group and Henan Government Working Group to establish a low-cost carrier (LCC) in China. It outlines how the parties will incorporate a…


Airasia, Everbright JV to establish LCC in China

BEIJING, May 14 — AirAsia Bhd has signed a memorandum of understanding (MoU) with China Everbright Group and Henan Government Working Group to establish a low-cost carrier (LCC) in China. It outlines how the parties will incorporate a…


MOUs for RM31b investments signed in China

BEIJING, May 14 — Nine business agreements were signed here today between Malaysian and Chinese companies with proposed investments estimated at US$7.22 billion (about RM31.3 billion). The memoranda of understanding (MoUs) are for various…


Britain says it’s a natural partner for China’s new Silk Road

BEIJING, May 14 — British finance minister Philip Hammond said today Britain is a natural partner for China’s new Silk Road programme, and as it leaves the European Union (EU) it wants more trade with the world not less. China is one of the…