There’s plenty of room to grow for the start-up environment in China, according to the head of Chinese drone maker EHang, who told CNBC on Wednesday that the U.S. is still ahead in most areas of innovation and technology. “The U.S. is a more mature market, people spend more time working on fundamental technologies, while […]
Read moreDomestic demand, instead of exports, will drive economic growth in the second half of 2017 — a shift that bodes well for Southeast Asian countries, Credit Suisse said as it turned more optimistic on the region’s banking sector. The bank said in a report this week that the export boost from China has peaked and […]
Read moreDanielle Weisberg and Carly Zakin, co-founders and co-CEOs of The Skimm, made a gutsy gamble five years ago. They bet that one of the big problems with the news business was the tone. Media outfits took themselves too seriously, and weren’t speaking to young people. The pair’s solution? The Daily Skimm, a newsletter targeting millennial […]
Read moreChina reported a 11.3 percent on-year increase in exports and a 17.2 percent on-year rise in imports in June in dollar terms, according to Reuters. That left China with the a trade balance of $42.77 billion for the month, higher than a Reuters poll forecast of $42.44 billion. Analysts polled by Reuters had expected exports […]
Read moreThe United States notified South Korea on Wednesday it plans to start negotiating amendments to a five-year-old free trade agreement with Seoul and called a meeting to kick off the talks for next month. The announcement came months after U.S. President Donald Trump said he would either renegotiate or terminate what he called a “horrible” […]
Read moreChinese trade with North Korea jumped 10% in the first half of this year, according to China Customs
China Customs said Thursday that the country’s overall trade with North Korea had grown 10 percent in the first half of the year. Imports from North Korea actually fell 13.2 percent to $880 million, it said, but exports to the pariah state jumped 29 percent to $1.67 billion. The announcement came amid a broader release […]
Read moreChina’s imports from North Korea dropped 13.2 percent in January-to-June to $880 million, data from Chinese customs showed on Thursday. Exports to North Korea rose 29.1 percent to $1.67 billion during the period, the data showed. China’s trade with North Korea expanded by 10.5 percent to $2.55 billion in the six months. The exports were […]
Read moreE-commerce player Lazada, which is now majority-owned by Alibaba, is confident that its expertise in Southeast Asian markets can counter the looming threat from Amazon’s much-anticipated entry into the region, a top executive told CNBC. Last year, TechCrunch reported that Amazon had planned to launch local e-commerce services in Singapore in the first quarter of […]
Read moreWhen Mark Zuckerberg said he planned to travel to all parts of the U.S. to meet more Americans and learn about their lives, he wasn’t kidding. Zuckerberg on Wednesday traveled to a former gold mine — located a mile underground in South Dakota — that’s now home to physicists and other researchers looking into things […]
Read moreAerospace stocks have been soaring for some time, and Jim Cramer said investors looking for a new way to play the sector should look into a more under-the-radar stock: Rockwell Collins. In addition to trading at a discount to more popular names like Boeing, the aircraft components manufacturer has also undergone a transformation in its […]
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