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BEIJING A Chinese court has jailed Liao Yongyuan, the former general manager of China National Petroleum Corp (CNPC), for 15 years for graft, a local court said on Thursday. CNPC is the parent company of state oil major PetroChina. It was not immediately possible to contact Liao or his lawyer. (Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / […]

WASHINGTON U.S. President-elect Donald Trump will name former Georgia Governor Sonny Perdue as his nominee for secretary of agriculture on Thursday, a senior transition official said on Wednesday. Perdue, 70, served on Trump’s agricultural advisory committee during his presidential campaign. His nomination, which must be confirmed by the Republican-led Senate, will complete Trump’s proposed cabinet just before he is sworn in as president on Friday. By nominating […]

BEIJING China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticized China’s trade practices and threatened to impose punitive tariffs on Chinese imports. Billionaire investor Wilbur Ross, Trump’s […]

A secret agent with an extreme-sports background, Xander Cage has always been a character close to Vin Diesel’s heart. “I am very much into extreme sports,” says the Fast & Furious star. “I was into them growing up in New York City, and I can’t tell you how many dangerous things I did – until I started to do these action movies.” Realising he might be pushing […]

The Samsung Galaxy C5 Pro and Galaxy C9 Pro have been spotted at the FCC, indicating that they could soon make their way to the United States. The Galaxy C9 Pro already received international certification last month, signaling that it was ready to expand its availability beyond China, albeit it remained unclear at that point whether the handset would make it to the U.S. market as well. If […]

BEIJING China on Wednesday urged the United States not to allow a Taiwanese delegation to attend U.S. President-elect Donald Trump’s inauguration. Trump broke with decades of precedent last month by taking a congratulatory telephone call from Taiwan President Tsai Ing-wen, and he has also said the “One China” policy was up for negotiation. A Taiwan delegation, led by former premier and ex-ruling party leader Yu Shyi-Kun, and […]

By Charlotte Greenfield | WELLINGTON WELLINGTON New Zealand cherry producers are flying helicopters low over their orchards to dry off raindrops and protect thousands of tonnes of their product headed to Asia to feed rapidly growing demand from Chinese New Year revelers. China has grown to become the second largest destination for New Zealand cherries after Taiwan in the past seven years. Together they take about 60 […]

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BEIJING Chinese authorities have asked an unnamed Chinese province to turn off its early warning alert system for smog to avoid mismatches between environment and meteorological authority forecasts, state media reported late on Tuesday. Nearly three years into a “war on pollution”, large swathes of northern China have been engulfed in smog over the New Year, with dangerous air quality readings in major cities like Beijing, Tianjin […]

By Saikat Chatterjee | HONG KONG HONG KONG Asian stock markets held near three-month highs on Wednesday as investors scooped up exporter shares after U.S. President-elect Donald Trump expressed concerns over a stronger dollar. In Asia, MSCI’s ex-Japan Asia-Pacific shares index .MIAPJ0000PUS rose 0.3 percent, just shy of a three-month high hit last Thursday. Stock markets in Hong Kong .HSI and China .SSEC led the gains. “Trump’s […]

Wednesday 02:20 GMT Overview Currency movements once again dominated trading in Asia as markets reacted to UK Prime Minister Theresa May’s Brexit blueprint and unexpected criticism of the dollar’s strength from US president-elect Donald Trump. Hot topic The dollar index, which measures the US currency against a basket of peers, was up 0.1 per cent at 100.470. It fell 0.8 per cent on Tuesday after comments from […]

Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, sees investment opportunities in China’s fixed income and real estate markets, as well as smaller Chinese companies, its managing director told China Finance. ADIA, which has been investing in China for 25 years, has its largest exposure in listed equities, including a $2.5 billion allocation to the China A market, which lists shares denominated […]

Samsung Electronics’ Exynos processors will power the infotainment systems in Audi’s next generation automobiles, the South Korean tech giant announced. The company said that beginning with the supply deal, it will be expanding into the quickly-growing semiconductors-for-cars market. Samsung’s Exynos processor for automobiles can support multiple displays and multiple operating systems at the same time, the company said. It can power up to four displays within the […]

As we observed in yesterday morning’s market wrap, while US market were taking the day off for the MLK holiday, China was busy defending an accelerating selloff across its stock markets. During Monday trading, having traded quietly lower for the past few days, Chinese stocks tumbled in early trading on the mainland and in Hong Kong’s offshore market amid weakness in Asian equities. The Shanghai Composite Index […]

Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the world’s major economies. On Monday the president-elect appeared to break from the longstanding “strong dollar” policy of successive administrations, declaring that the currency was too high and that this was preventing […]

A senior member of Donald Trump’s team insisted that the president-elect was committed to globalisation, open trade and Nato despite recent comments that unsettled America’s allies. Anthony Scaramucci, Mr Trump’s newly appointed public liaison official, told the World Economic Forum in Davos on Tuesday that the European and American elite had misunderstood Mr Trump and would change their views when he took office. In particular, he argued […]

SINGAPORE — Rats on its premises and other hygiene problems have landed the popular Kim San Leng Food Centre in Bishan a one-day suspension, so that it can clean up the premises.  A rat trap seen at the back of Kim San Leng Food Centre in Bishan, Block 511 Bishan Street 13, taken on Jan 17, 2017. Photo: Koh Mui Fong/TODAY The centre, which has 10 stallholders, was […]

The US dollar is weakening this morning after comments from president-elect Donald Trump that the greenback was “too strong” against the Chinese currency. “Our companies can’t compete with them [Chinese companies] now because our currency is too strong. And it’s killing us”, Mr Trump told the Wall Street Journal. His comments have helped soften the dollar index, which measures the greenback against a basket of its major […]

By Tom Westbrook and Jonathan Barrett | SYDNEY SYDNEY The deep-sea search for missing Malaysia Airlines flight MH370 ended on Tuesday without any trace being found of the plane that vanished in 2014 with 239 people on board, the three countries involved in the search said. The location of Flight MH370 has become one of the world’s greatest aviation mysteries since the plane disappeared en route to […]

MANILA Philippines President Rodrigo Duterte will meet on Tuesday with China’s Vice Foreign Minister Liu Zhenmin, the most high-profile Chinese visitor since he took power last year and launched surprise moves to engage with historic rival Beijing. Duterte will meet Liu late in the day in what presidential spokesman Ernesto Abella said was nothing more than a courtesy call. Liu was meeting foreign ministry counterparts to discuss […]

By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland Chinese President Xi Jinping will defend globalisation in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing’s growing global role. Xi’s appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the […]

Asset price movements in the past few weeks have pointed both to the upside and a major risk for the global economy and markets under a Trump administration. Enthusiasm over higher US growth powering the global economy has been tempered at times by worries that certain elements of the president-elect’s “America First” approach could undermine longstanding trading relationships, opening up the risk of economic and financial disruptions. […]

Submitted by Martin Armstring via ArmstrongEconomics.com, Al Sharpton seems to be doing whatever he can to mislead minorities in a very dangerous way. He has been organizing civil rights activists vowing to defend what they say are hard-fought gains in voting rights and criminal justice prior to the presidency of Donald Trump. Sharpton is not stupid. He knows what he is doing. Why did he not do […]

By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign […]

China on Monday approved the resignations of two of Hong Kong’s top officials, including its financial secretary, paving the way for them to contest a March election to become the next chief executive of the financial hub. China’s State Council has accepted the resignations of financial secretary John Tsang, and of Carrie Lam, the city’s chief secretary, the official Xinhua news agency said. The former British colony […]

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