26 July 2017
Updated 04:00
Business

Most Asia markets up after Wall Street record, China growth stable

Most Asian markets rose Monday following another record close on Wall Street, while Shanghai stocks pared steep early losses as data showed China's economy grew more than expected in the second quarter.

China's economy grows 6.9% in first quarter of 2017: gov't

China's economy grew 6.9 percent in the first quarter of 2017, government data showed Monday, beating expectations in the latest sign of stabilisation in the world's second-largest economy.

Business

Rio shareholders back Australia mines sale to Yancoal

Rio Tinto shareholders Thursday overwhelmingly supported the sale of most of the mining giant's Australian coal assets to China-backed Yancoal, paving the way for the completion of the deal.

Business

Australian gambling giants get approval to form powerhouse

Australian gambling giants Tabcorp and Tatts were Tuesday given the green light by the competition tribunal to merge, paving the way for the creation of a betting powerhouse following months of uncertainty.

Top EU lawyer

A senior EU lawyer said member states may regulate ride-hailing app as a taxi service

Uber must get licences as ordinary taxi firm

Ride-hailing app Uber may be a pioneer in its field but at heart it is an ordinary taxi company and should be regulated as such, a top EU lawyer said Thursday.

Europe freezes air, rail links with Brussels

Airlines cancelled hundreds of flights and European railways froze links with Brussels Tuesday after a series of bombs blasts killed around 35 people in the city's airport and a metro train, sparking a broad security response.

Cutting jobs and bad debt

UniCredit doubles Q1 profit as overhaul reaps rewards

Italian bank UniCredit said Thursday that its net profit more than doubled in the first quarter as the massive overhaul embarked upon by its new chief executive begins to pay off.

Airplane transport

Emirates airline posts 82.5 pct drop in 2016-17 profit

Emirates airline said Thursday its 2016-17 profit dropped by 82.5 percent to $340 million, citing fierce competition, currency devaluations and US travel restrictions as major challenges.

Foreign trade

Macron victory is «good news» for trade-reliant Asia: IMF

Emmanuel Macron's victory in the French presidential election is «good news» for trade-reliant Asia as it eases fears of rising protectionism in Europe, the International Monetary Fund (IMF) said Tuesday.

Commodities

Trafigura-backed oil firm opens $92 mn Myanmar terminal

An oil company backed by global commodities giant Trafigura has opened a $92 million oil and gas terminal in Myanmar to cash in on growing energy demand from the fast-expanding economy.

Fed hikes on course

Asia markets rise on US jobs data, euro dips after Macron rally

Asian and European markets mostly rose Monday following a Wall Street rally as dealers cheered a strong US jobs report, but the euro failed to hold on to early gains after Emmanuel Macron beat far-right candidate Marine Le Pen in France's presidential election.

Exports rose 8.0 percent year-on-year

China's April exports rise but slow from March

Chinese exports rose for the second consecutive month in April, official data showed on Monday, boosted by improving global demand but the increase was slower than the previous month.

Foreign investment

Egypt parliament passes investment law

Egypt's parliament on Sunday adopted a law whose aim is to attract foreign investors to the country as authorities seek to redress its struggling economy.

Energy

Gazprom starts construction of gas pipeline to Turkey

Russian gas firm Gazprom said Sunday construction had begun of a gas pipeline under the Black Sea to Turkey meant to eventually also serve the European Union.

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Bono at Eliseo received from Macron

Bono, leader of the U2 and co-founder of the ONG «One», arrives at the Eliseo for an interview with French President Emmanuel Macron. The Irish rock band will perform on 25 and 26 July at the Stade de France in Saint-Denis, north of Paris.

Most Asia markets up after Wall Street record, China growth stable

Most Asian markets rose Monday following another record close on Wall Street, while Shanghai stocks pared steep early losses as data showed China's economy grew more than expected in the second quarter.

Could Apple's next big thing be a car?

The California technology colossus behind the iPhone has confirmed its interest in self-driving cars, but experts are trying to deduce the secretive company's plans for traction in a market where others have been speeding along.

Republicans scramble to revise faltering health care bill

US Senate Republicans, facing potential collapse of their «Obamacare» repeal effort, were making last-gasp changes Thursday aimed at uniting different factions of President Donald Trump's party.