Relocation of Chinese industry, JWGs force-multiplier for CPEC: Pakistan

ISLAMABAD, Jan. 29 (Gwadar Pro) – Pakistani Foreign Minister Shah Mehmood Qureshi on Thursday afternoon said that relocation of the Chinese industry to Pakistan and the activation of two new Joint Working Groups (JWGs) on agriculture and international cooperation will…

CPEC a rare window of opportunity for Pakistan: Khalid Masood

ISLAMABAD, Jan. 29 (Gwadar Pro) – “China-Pakistan Economic Corridor (CPEC) is a rare window of opportunity for Pakistan to enter an era of progress and technological change. It is a catalyst for development but it is not a panacea for…

Illinois Tool Works To Acquire MTS Test & Simulation Business

Illinois Tool Works Inc. said it would acquire MTS Systems Corp.’s Test & Simulation business following the closing of Amphenol Corp.’s acquisition of MTS. “MTS’s Test & Simulation business is highly complementary to our existing Test & Measurement and Electronics…

London Metal Exchange Proposes Closure of Trading Ring

The London Metal Exchange is proposing to close its open-outcry ring, where traders have swapped metals like copper and lead using an array of cries and hand signals for 144 years, in a bid to attract more financial players to…

China Clears Cisco-Acacia Deal With Conditions

China’s antitrust regulator approved Cisco Systems Inc.’s acquisition of Acacia Communications Inc. Tuesday, clearing the deal for completion under several conditions aimed to protect supply to the companies’ Chinese customers. The State Administration for Market Regulation said that the U.S….

Vietnam accelerates its national e-commerce development plan in 2021

Vietnam has a population of more than 95 million people, a large proportion of young people, and high Internet usage, which are the basic conditions for the growth of Vietnam’s e-commerce market. The Ministry of Industry and Trade of Vietnam…

Port of Piraeus shows strong resilience in the epidemic

The Port of Piraeus is a demonstration project for China and Greece to jointly build the “Belt and Road” and a model of mutually beneficial and win-win cooperation between the two countries. During the epidemic period, the Port Authority of…

Fuyao Glass plans to issue H shares to qualified investors

Fuyao Glass Industry Group Co. said Friday that it plans to issue and place up to 101.1 million H-shares, or 20% of its H-share capital, to qualified investors. The Chinese manufacturer of automotive glasses said the issue price will not…

Vietnam sets economic growth target for 2021

On January 4, the Vietnamese government issued the “Resolution on Realizing the Main Tasks and Measures of the 2021 Social and Economic Development Plan and the State Budget.” The “Resolution” made it clear that it will continue to achieve the…

Trump promises to transfer power on January 20

US President Trump issued a statement on Thursday morning promising to transfer power to President-elect Biden in an orderly manner on January 20. Before the announcement, after hours of debate and challenge, Congress completed the certification of the electoral votes….