Tag: China

Thursday, January 10th 2019 - 08:40 UTC
Jaguar Land Rover is cutting 5.000 jobs from its 40.000 strong UK workforce

Jaguar Land Rover (JLR) will announce on Thursday it is cutting up to 5,000 jobs from its 40,000 strong UK workforce. Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected.
Thursday, January 10th 2019 - 08:32 UTC
Brazil's soybean crop forecast cut 4.5m tons: hot spell in southern states

Brazil’s 2018/19 soybean crop forecast was cut to 116.9 million tons on Wednesday from 121.4 million tons late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas for the smaller projection.
Wednesday, January 9th 2019 - 14:49 UTC
Brazil's Bovespa closes above 92.000 points for the first time ever

Latin American stocks in the region's main markets closed on Tuesday at new highs on the positive outlook for the ongoing US/China trade talks in Beijing. Brazil's Bovespa index ended trading above 92,000 points for the first time ever after hitting several record highs last week.
Saturday, January 5th 2019 - 08:42 UTC
US delegation to hold trade talks in China on January 7/8, revealed Beijing

A US delegation will visit China next week for talks aimed at defusing the trade war between the world's two largest economies. The closely watched meeting follows a dismal week for US markets, with losses fuelled partly by trade fears.
Thursday, January 3rd 2019 - 08:52 UTC
Apple rattles markets as its sales slow down more than expected: CEO Tim Cook blames China

Apple has rattled investors with news that its sales have been slowing, blaming economic weakness in China. In a surprise disclosure, the iPhone maker said it anticipated revenue of about US$ 84bn for the three months to 29 December. In November it forecast sales of at least US$ 89bn - a prediction that had already disappointed investors.
Thursday, December 27th 2018 - 21:59 UTC
Peru's GDP forecast to go up in 2019 thanks to private investment, domestic consumption

Peru's gross domestic product (GDP) is set to expand 3.7% this year and the next, boosted by the good performance of private investment and consumption, according to The Economist.
Monday, December 24th 2018 - 08:54 UTC
US banks confirm “ample liquidity”, following Wall Street markets' plunge

United States Treasury Secretary Steven Mnuchin has made calls to the heads of the country's six largest banks, a move to reassure investors after huge falls in US stocks. Last week, US stocks suffered one of the worst weekly falls in a decade as an interest rate rise and US-China trade tensions rattled markets.
Wednesday, December 19th 2018 - 09:54 UTC
Xi Jinping recalls the forty years that have made China a super power

Chinese President Xi Jinping has vowed that his country will not develop at the expense of other nations, in a speech marking 40 years since China introduced major economic reforms. However, he also said that the global superpower would not be told what to do by anyone.
Tuesday, December 18th 2018 - 09:31 UTC
Twitter warns on a “bug-in-help-form” and unusual activity from China and Saudi Arabia

Twitter has warned of “unusual activity” from China and Saudi Arabia related to a bug in a help form. The bug - discovered on 15 November and fixed the day after - could have revealed the country code of users' phone numbers or if their account was locked, the company said.
Friday, December 14th 2018 - 09:05 UTC
US confirms China's first purchase of soybeans since the start of the trade war

The United States government officials on Thursday hailed China's first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come.