Daily Archives: January 12, 2017

US files complaint against China over alleged aluminium subsidies

Washington, Rabi’II 14, 1438, January 12, 2017, SPA — The United States on Thursday filed a complaintwith the World Trade Organization (WTO) against China over allegedsubsidies to aluminium producers, according to dpa.The complaint alleges that China …

U.S. Import Prices Push Higher

Washington, Rabi’II 14, 1438, Jan 12, 2017, SPA– U.S. import prices posted their biggest gain in nearly five years in the 12 months through December, the government said Thursday, suggesting that inflation could soon push higher.The Labor Department r…

GAC Motor reinvents SUV with transcendent GS7 at 2017 NAIAS

DETROIT, Jan. 12, 2017 /PRNewswire/ — GAC Motor, China’s only automaker exhibiting at the 2017 North American International Auto Show (NAIAS) in Detroit from January 8 to 22, 2017, three groundbreaking new models including the first electric vehicle GE3, new SUV GS7 and concept car EnSpirit. Its GS7, a blockbuster mid-sized SUV, is designed with […]

صندوق جديد بقيمة 250 مليون دولار لكوانغ تشي يركز على فرص التقنية في إسرائيل

الشركات التابعة للصندوق ستفيد من التعاون مع شركة التقنية الرائدة في الصين تبل أبيب، 12 كانون الثاني/يناير، 2017 / بي آر نيوزواير / — أعلنت مجموعة كوانغ تشي، وهي شركة تقنية مقرها في شنجن، اليوم عن إطلاق صندوقها الثاني لمجتمع الابتكار العالمي وافتتاحها لمقرها الدولي للابتكار في إسرائيل. وبصفته الصندوق الصيني الأول من نوعه، يركز […]

U.S. Jobless Claims Rise Slightly

Washington, Rabi’II 14, 1438, Jan 12, 2017, SPA — Slightly more Americans filed for unemployment insurance benefits in the first week of the year, but still came in lower than expected, the government said Thursday.
The Labor Department reported that initial claims increased by 10,000 in the week-ended January 7 compared to the prior week, to 247,000, adjusted for seasonal factors.
But after the big drop in the final week of 2016, analysts were expecting claims to jump almost 20,000 to 255,000. The weekly data tend to be volatile, particularly around year’s end.
The result continued a nearly two-week streak of initial claims for unemployment benefits below 300,000, which at 97 consecutive weeks is the longest since 1970. In the first week of 2016, claims were 280,000.
The less volatile moving average of the four weeks ended January 7 fell slightly to 256,500 comparted to the month ended December 31.
–SPA
18:07 LOCAL TIME 15:07 GMT

German economy grew by 1.9 per cent in 2016, strongest in five years

German economy grew by 1.9 per cent in 2016, strongest in five years
Thursday 1438/4/14 – 2017/01/12

Berlin, Rabi’II 14, 1438, January 12, 2017, SPA — The German economy grew by 1.9 per cent in 2016, theFederal Statistics Office announced Th…

Eurozone industrial output up strongly

LONDON, Rabi’II 14, 1438, January 12, 2017, SPA — Industrial production across the 19-country eurozone spiked by 1.5 percent in November from the month before, the latest in a series of indicators showing that economic growth across the region picked …

World food prices stable in December, end 2016 down 1.5 pct- UN FAO

ROME, Rabi’II 14, 1438, January 12, 2017, SPA — World food prices remained stable in December from the month before as strong gains in vegetable oils and dairy largely offset falls in sugar and meat, the United Nations food agency said on Thursday. Th…