Recent Posts

Demand for SUVs boosts China auto sales by 10%

HONG KONG / AP Industry data show that Chinese auto sales rose by nearly 10 percent last month, led by strong demand for SUVs that more than offset slipping passenger car sales. The China Association of Automobile Manufacturers said Tuesday that 2.06 million sedans, SUVs and minivans were sold in March in the world’s biggest auto market. That’s 9.8 percent ...

Read More »

Crude prices hold above US$40 in Asian countries

Singapore / AFP Crude prices dipped in Asia on Tuesday but held above $40 as traders awaited a summit of key oil producers next week to discuss freezing output and easing the supply glut. Analysts said prices were expected to see-saw before Sunday’s meeting in the Qatari capital Doha that will bring together both OPEC producers led by Saudi Arabia ...

Read More »

China trainmaker wins $1.3bn US rail-car contract

Beijing / Bloomberg CRRC Corp., China’s only maker of high-speed locomotives, said it’s interested in investing in more US cities after winning a $1.3 billion rail-car contract from Chicago’s transport authorities. The company is bidding for a subway project in Los Angeles and a double-deck train contract in Philadelphia, CRRC Vice-President Yu Weiping said in an interview in Manhattan, without ...

Read More »
Send this to a friend