China business confidence rises again

Confidence among Chinese entrepreneurs has picked up for the second quarter running, according to the country's central bank.People's Bank of China surveys showed the business confidence index rising to 51.2% in the third quarter.That was 2.2 percentage points higher than in ... — Read More

New Zealand tops global list for house price rises

New Zealand, Turkey and Canada have seen the biggest leap in house prices over the past year, according to a new global ranking.Estate agents Knight Frank found property markets in the three countries grew between 10% and nearly 14%.While New Zealand ... — Read More

Oil price jumps on Russian and Saudi agreement

The price of oil jumped after Russia and Saudi Arabia reached a deal to look for ways to stabilise the oil market.The announcement was made by the countries' energy ministers, Alexander Novak and Khalid al-Falih.The price of Brent crude oil initially ... — Read More

Yum to sell a stake in its Chinese holdings

Yum Brands is selling a stake in its Chinese division to Primavera Capital and Ant Financial as the company prepares to separate the Chinese unit from the main business.Primavera Capital, will pay $410m (£308m) and Ant Financial, an affiliate of Alibaba, ... — Read More

Chinese beer giant Tsingtao hit by slowing economy

Tsingtao Brewery, China's second-biggest beer maker, has reported a sharp fall in profits.In the six months to June, net income fell by 11% from a year earlier to 1.07bn yuan (£123m; $160m), its weakest first-half profit since 2012.An economic slowdown has ... — Read More

China launches own aircraft engine-maker to rival the West

China has launched its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers.The state-owned Aero-Engine Group of China was created by combining a group of existing aircraft-engine companies, according to local media reports.It has about 50bn yuan ($7.5bn) ... — Read More

Japanese inflation sinks to new low

Japan's consumer prices dropped for the fifth consecutive month in July, adding to pressure on the government to expand its already massive stimulus programme.The data was worse than estimates had suggested and marked the biggest annual drop in more than three ... — Read More

Japan may use e-waste for 2020 medals

Japan is exploring the feasibility of forging the Olympic 2020 medals using precious metals salvaged from electronic waste.Members of Japan's Olympic organising committee tabled the idea to government officials and companies earlier this year, local media reports said.Olympic host cities have ... — Read More

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