Wednesday, 24 July 2019

Tag Archives: China

US blacklists Russian, Chinese companies for breaking North Korea embargo

The US Treasury announced sanctions on Russian and Chinese companies Wednesday for violating the economic embargo on North Korea as Washington seeks to keep pressure on Pyongyang over its nuclear program. The Treasury accused China-based Dalian Sun Moon Star International Logistics Trading Co and its Singapore-based affiliate, SINSMS Pte., of ...

Read More »

US pledges $300m security funding for south-east Asia

China's Foreign Minister Wang Yi (6th from L) poses with (L to 5th L) Laos' Minister of Foreign Affairs Saleumxay Kommasith, Malaysia's Foreign Minister Saifuddin Abdullah, Myanmar's Union Minister for the Office of the State Counsellor U Kyaw Tint, Thailand's Foreign Minister Don Pramudwinai, Vietnam's Deputy Prime Minister and Foreign Minister Pham Binh Minh, (6th R to R) Singapore's Minister for Foreign Affairs Vivian Balakrishnan, Philippines' Foreign Affairs Secretary Alan Peter Cayetano, Brunei's Second Minister of Foreign Affairs and Trade Erywan Yusof, Cambodia's permanent representative to the Association of Southeast Asian Nations Kan Pharidh, Indonesia's Foreign Minister Retno Marsudi, and ASEAN Secretary General Lim Jock Hoi during a bilateral meeting at the 51st Association of Southeast Asian Nations (ASEAN) Ministerial Meeting in Singapore on August 2, 2018. / AFP PHOTO / ROSLAN RAHMAN / “The erroneous mention[s] appearing in the metadata of this photo by ROSLAN RAHMAN has been modified in AFP systems in the following manner: [adding identity of Cambodia's permanent representative to the Association of Southeast Asian Nations Kan Pharidh]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.

BEIJING on Saturday vowed to maintain its military presence in the South China Sea, insisting the US is “the biggest force for militarisation in this region” after US Secretary of State Mike Pompeo pledged US$300 million to boost security in the Indo-Pacific. The investment is part of US efforts to ...

Read More »

Starbucks, Alibaba’s forge coffee delivery tie-up in China

BEIJING: Starbucks Corp on Thursday launched a partnership with Alibaba Group’s Chinese food delivery platform Ele.me, in a move to shore up sales in its second-largest market and to battle aggressive competition from local coffee start-ups. Starbucks flagged in June that it was pursuing such a tie-up after reporting a ...

Read More »

Mike Pompeo warns against IMF bailout for Pakistan

NEW YORK: US Secretary of State Mike Pompeo warned that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders. In an interview with CNBC television, Pompeo said the United Statekhs looked forward to engagement with the government of Pakistan’s expected ...

Read More »

Beijing to shut 1,000 manufacturing firms by 2020

SHANGHAI: China’s capital Beijing will shut around 1,000 manufacturing firms by 2020 as part of a program aimed at curbing smog and boosting income in neighboring regions, state media said on Monday. Beijing will focus on dynamic, high-tech industries and withdraw from “ordinary” manufacturing, the Communist Party paper People’s Daily ...

Read More »

China agrees to give $2 billion loan to Pakistan

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

REUTERS/Jose Luis Gonzalez/File Photo BEIJING:In a major development, China has agreed to immediately give a $2 billion loan to Pakistan, a move meant to arrest the sliding official foreign currency reserves and provide much-needed breathing space to the new government. The $2 billion loan will be categorised as an “official ...

Read More »

Swiss exports hit new record

BERN: Swiss exports for the second quarter of 2018 totalled 55.7 billion francs (€47.8 billion), a new quarterly record, states a communication from the Swiss Federal Customs Administration. Pharmaceuticals, machinery, precision instruments and watchmaking were some of the sectors that registered new heights, thanks in part to record exports to ...

Read More »

EU urges big powers to avert trade ‘conflict and chaos’

BRUSSELS: The European Union called Monday on the United States, China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent “conflict and chaos.” The comments from EU Council President Donald Tusk comes as Washington and Beijing stand on the brink of ...

Read More »