Business
Apple cuts revenue outlook on slowing sales in China
Apple cut its revenue outlook for the latest quarter Wednesday, citing weaker-than-anticipated sales of iPhones in China.
Court orders freeze of Ofo funds following lawsuit
A court has frozen a bank deposit of some 14 million yuan, or 2 million U.S. dollars by embattled bike-sharing firm Ofo in response to a lawsuit from its partner SF Express over unpaid bills.
Chinese online brokerage Futu to go public in U.S. in 2019
Futu Holdings, a Hong Kong-based online brokerage, plans to debut in the U.S. public markets this year as it filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission on Friday.
China to launch larger-scale tax cuts next year
China will reduce taxes and fees on a larger scale next year, according to the country's finance minister.
China allows U.S. rice imports
China has allowed imports of rice from the United States, said the General Administration of Customs in a statement on its website Friday.
New England lobster industry going through 2018 trade war
2018 has proven to be a difficult year for China-US trade relations, dominated by frictions triggered by Washington.
Amazon announces record sales for holiday season in 2018
U.S. e-commerce giant Amazon on Wednesday announced "a record-breaking holiday season" as tens of millions of people have signed up for its Prime membership either by making paid service or on a trial basis.
Wild day on Wall Street ends with market gains
US stocks were staging a furious late-afternoon rally on Thursday, closing with gains after erasing a near 600-point drop in the Dow Jones Industrial Average.
China's Xiaomi sells better than iPhones in Russia: online seller
The Russian online seller of Chinese goods Pandao said Thursday that gadgets produced by Chinese electronics company Xiaomi were most popular among users this year.
China, U.S. may meet in January for trade negotiation: MOC
The delegations of China and the U.S. have stayed in close communication and have made plans to meet face-to-face in January, the spokesman of China's Ministry of Commerce Gao Feng said on Thursday.
China's industrial profits up 11.8 pct in first 11 months
Earning growth at China's industrial firms in November increased in the first 11 months with improved profitability and lower costs.
Fall in UK shoppers looking for Boxing Day bargains
US stocks surged on Wednesday, recovering much of their losses from a Christmas Eve plunge and placing the market on track for its best day in nine months.
Wall Street notches best day in 10 years in holiday rebound
Stocks rocketed on Wednesday in Wall Street's best day in 10 years, snapping a stomach-churning, four-day losing streak and giving some post-Christmas cheer to a market that has been battered this December.
China consults public opinion on draft foreign investment law
China's top legislature on Wednesday published the full text of a draft foreign investment law to consult public opinion.
Huawei continues to push on with 5G development: chairman
Huawei Technologies Co., Ltd. on Tuesday said the company's operation has remained normal despite a "complicated environment," and it is pushing on with 5G development.
New negative list gives firms equal treatment in market access
China took further steps in opening up its market to domestic and overseas investors Tuesday by announcing a negative list for market access (2018 version), an institutional innovation to be applied across the country.
China's digital economy becoming a bigger economic driving force
China's digital economy accounted for a bigger share of gross domestic product (GDP) in the first half of this year, with more room for further improvement, a report showed.
SKorea fines BMW $10 million over engine fires
South Korea says it will fine BMW 11.2 billion won or 9.9 million U.S. dollars and file a criminal complaint against the company with state prosecutors over an allegedly botched response to dozens of engine fires reported in the country.
China to cut or scrap tariffs on some imports and exports in 2019
China will lower or remove import and export duties on a number of items starting 2019 as part of a tariff adjustment package announced Monday as the country further opens up the economy.
Xiaomi launches new smartphone
Chinese mobile device maker Xiaomi has unveiled its latest smartphone model, December 24, 2019. Xiaomi "Play" featuers a water drop screen design.