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Chinese tourists swell, cross 37mn mark

Chinese tourists swell, cross 37mn mark

China has the world's largest domestic tourism market and outbound Chinese tourists are the biggest spenders worldwide.

SA defence firm signs R157mn deal with Airbus

SA defence firm signs R157mn deal with Airbus

The contract will last eight years and production is set to start shortly.

China is “most promising source of FDI”- UN Trade body

China is “most promising source of FDI”- UN Trade body

The organisation's 'World Investment Report 2013' was released on Wednesday.

IBM cuts jobs in China

IBM cuts jobs in China

The layoff plan comes after it reported lower-than-expected first quarter earnings in mid-April.

China State Construction invests $1bn in Dubai luxury hotel

China State Construction invests $1bn in Dubai luxury hotel

Investors’ annual rate of return is estimated at 12 per cent, said a statement from the companies.

New credit rating agency launched in Hong Kong

New credit rating agency launched in Hong Kong

The global credit rating system currently dominated by the western-based "Big Three" have been criticised since the 2008 global financial crisis.

India’s Reliance Capital applies for bank licence

India’s Reliance Capital applies for bank licence

Applications for new Indian banking licences need to be submitted by July 1 with the Reserve Bank of India.

Novatek and Rosneft ready to export LNG

Novatek and Rosneft ready to export LNG

The deal signals the gradual end of state-controlled Gazprom’s monopoly on exports of natural gas.

India in 70th spot in global wealth in Swiss accounts

India in 70th spot in global wealth in Swiss accounts

Switzerland is facing growing pressure from the US and other countries to share foreign client details.

Russia appoints new economic minister

Russia appoints new economic minister

Incumbent economic development minister Andrei Belousov has been appointed as aide to Russian President Vladimir Putin.