Business

WASHINGTON, April 14 (Xinhua) -- China will continue to significantly relax market access, and create a more attractive investment and business environment, Chinese Finance Minister Liu Kun has said here.

Liu made the remarks when attending a ministerial-level luncheon during the 99th Development Committee meeting held by the World Bank and the International Monetary Fund on Friday and Saturday in Washington D.C., according to China's Ministry of Finance.

Vice Finance Minister Zou Jiayi attended a ministerial-level meeting and gave a speech.

Volkswagen is planning to release a fully-electric SUV in China which could compete with Tesla’s Model X.

The German automaker said Sunday the ID. ROOMZZ will be unveiled at the upcoming Shanghai Auto Show and will be available in 2021.

Volkswagen says the zero-emission vehicle can go approximately 450 kilometers (280 miles) before the battery has to be recharged. The concept car includes a fully-automatic driving mode which allows seats to be rotated 25 degrees to create a lounge-like atmosphere.

PUTRAJAYA, Malaysia (AP) — Prime Minister Mahathir Mohamad said Monday a Chinese company building a rail link across peninsula Malaysia will jointly help to manage, operate and maintain the network that will help reduce the country’s financial burden.

Kanpur: Despite clearance of 11140 crore budget for metro project in the city by the Central government, the furtherance in the work was halted owing to the elections. The tender for priority section could not be initiated.

The officials related with the Lucknow Metro Rail Corporation pointed out work tender on route from IIT via Kalyanpur railway station, SPM hospital, CSJMU, Gurudev Crossing, Hallet Hospital to Moti Jheel and nine other routes would be invited after the polls. 

YUZHNO-SAKHALINSK, April 14. /TASS/. Russia hails a tough stance of Turkish President Recep Tayyip Erdogan in response to the United States’ pressure on Ankara over its deal on purchasing Russia’s S-400 missile systems, Kremlin Spokesman Dmitry Peskov told "Moscow. Kremlin. Putin" program on Rossiya-1 TV channel.

"The pressure has been indeed unprecedented. We welcome a rather tough and peremptory position of President Erdogan.

New Delhi, Apr 14 (PTI) Six of the 10 most valued Indian firms suffered a combined erosion of Rs 42,827.39 crore in market valuation last week, with IT major TCS taking the biggest hit.

Among the top 10 firms, ITC, HUL, Kotak Mahindra Bank and ICICI Bank made gains in their market capitalisation (m-cap) for the week ended Friday, while Reliance Industries Ltd (RIL), TCS, HDFC Bank, HDFC, Infosys and SBI finished with losses.

The m-cap of Tata Consultancy Services (TCS) slumped Rs 14,146.5 crore to Rs 7,55,636.47 crore.

BEIJING, April 14 (Xinhua) - Speaking highly of the just-concluded eighth China-CEEC leaders' meeting, Central and Eastern European Countries (CEECs) express the hope that cooperation between the two sides can be lifted to a broader and higher level.

The meeting, themed "Building new bridges through openness, innovation and partnership," was held Friday in the southern Croatian coastal city of Dubrovnik, with the participation of Chinese Premier Li Keqiang and leaders of 16 CEECs.

13 Apr 2019; DW: Germany has a "very expansive investment strategy" that is helping to stimulate the global economy, German Finance Minister Olaf Scholz said on the sidelines of the IMF and World Bank spring meetings in Washington on Friday, adding that "politically produced" risks had instead caused global uncertainty.

"We have already done what everybody asked of us," he said, citing recent budgetary increases for Germany's public infrastructure, its education sector and digitalization projects.

13 Apr 2019; DW: The European Commission intends to publish a draft list of retaliatory tariffs on some €20 billion ($22.6 billion) worth of US imports next Wednesday, EU diplomats told multiple news agencies late Friday. The report came as French Finance Minister Bruno Le Maire and his US counterpart Steven Mnuchin met in Washington.

Mumbai, Apr 12 (PTI) Jet Airways founder Naresh Goyal has put in bid for buying stake in the ailing airline, sources said.

Goyal quit as chairman of the carrier last month under a debt resolution plan that saw lenders taking control of the airline.

Airline sources said Goyal has put in bid for Jet Airways.