Tags: China

Oil drops towards $48 after IMF cuts growth forecast

Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel.


Oil slips $1 on China economy worries, record Iraq output

Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.

China seen posting weakest annual growth in 24 years, will spur more stimulus

China is likely to post its weakest growth since the global financial crisis in the fourth quarter as its property market cooled, reinforcing expectations the government will have to roll out more stimulus measures to avoid a sharper slowdown.

China's Tencent apologizes for 'civil rights' blunder

Chinese internet heavyweight Tencent Holdings Ltd apologized on Monday for rewarding WeChat app users who sent a message with the English phrase "civil rights" with a screen full of fluttering U.S. flags.


Latest News

China's Alibaba Group Holding Ltd (BABA.N), the world's biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with business, an Alibaba spokeswoman said on Friday, as the company expands its enterprise services.
The People's Bank of China (PBOC) has stepped up its investments in Italy by buying 2 percent of power grid operator Terna, the latest in a series of such purchases in large Italian companies.
The New York Post said some of its Twitter accounts were hacked on Friday, in the wake of a series of inaccurate posts on the social network relating to the Federal Reserve, Bank of America and U.S. military engagement with China.
China announced fresh support measures on Friday for its slowing economy after data showed a worrying drop in bank lending and foreign investment growth falling to a two-year low.
Brent crude oil rose more than $2 to around $50 a barrel on Friday after the West's energy watchdog forecast the market sell-off would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand.
China's Xiaomi Inc [XTC.UL] plans to invest in Indian tech start-ups and overseas media content, as the world's No.3 smartphone maker looks to dominate homes with its own TVs and appliances.
China's Alibaba Group Holding Ltd (BABA.N) plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China's vast and growing middle class.
China's Xiaomi Inc [XTC.UL] staked its claim to Apple Inc's crown on Thursday as the world's third-biggest smartphone maker and most valuable tech start-up unveiled the flagship Mi Note, its challenger to Apple's iPhone 6 Plus.
Growing damage from Russia's financial crisis on neighboring former Soviet states could bury President Vladimir Putin's dream of creating an economic union to rival the United States and European Union.
Toyota Motor Corp (7203.T) is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said.
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