HONG KONG (Nikkei Markets) — China Unicom reported a more than 16% rise in profit in the first half of this year on the back of cost controls that helped the state-owned telecom operator blunt…
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China Unicom 1H profit jumps 16% on cost controls
China Unicom eyes close collaboration with other MNOs to cut the cost of 5G
China Unicom is currently looking at the possibility of entering into network sharing agreements with China Mobile and China Telecom to expedite its 5G rollout plans and dramatically reduce costs… … ( read original story…
China Unicom profit rises but ARPU takes hit
Avery Chen China Unicom (Hong Kong) (0762) yesterday reported its first-half net profit climbed 16.32 percent year-on-year to 6.88 billion yuan (HK$7.69 billion) but saw a 19 percent decline in 4G … ( read original…
China Unicom’s H1 service revenue falls 1.1%, profit jumps 16%
China Unicom (Hong Kong) posted service revenue of CNY 133 billion for the first half of 2019, which represents a decrease of 1.1 percent year-on-year. EBITDA amounted to CNY 49.5 billion, up 8.4 … (…
China Wireless Carriers Soar on Savings From 5G Cost-Share Plan
China’s big three wireless carriers soared after China Unicom (Hong Kong) Ltd. Chairman Wang Xiaochu said his company was close to an agreement to share resources for building a 5G network. Joint … ( read…
VW brand’s China sales grow for 2nd straight month
Volkswagen, the largest car brand in China, bucked the market downturn for a second month in a row, with July sales rising 2 percent to 228,000. The gains came mainly as a result of its…
Trump trade war is splitting tech manufacturers along U.S.-China lines
Even the unseasonable downpour couldn’t dampen the spirits of the executives and officials gathered on the Indonesian island of Batam to cut the ribbon on a new Pegatron Corp. factory. The men … ( read…
Bank of Mexico lowers interest rate, citing global concerns
MEXICO CITY – Mexico’s central bank said Thursday it was lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and tensions including the trade war … ( read original…
Petrobras Repays Billions In China Debt Before Term
Petrobras has settled a debt of US$3 billion with the China Development Bank ahead of time and will repay another debt, this one of US$5 billion, in December, ending an agreement for the … (…
Exclusive: China curbs gold imports as trade war heats up
“There are virtually no import quotas now issued in China,” one source said. In June and July “next to nothing” was imported by banks, they said. The Chinese central bank did not respond … (…
Beijing starts military exercise in disputed South China Sea as tensions with Vietnam rise
Tensions in the South China Sea re-emerged last month, with a week-long confrontation between Chinese and Vietnamese coastguard vessels around the energy-rich Vanguard Bank, after Chinese survey ship … ( read original story …)
China curbs gold imports as trade war heats up
The bulk of China’s imports – coming from places such as Switzerland, Australia and South Africa and usually paid for in dollars – are conducted by a group of local and international banks given ……
Vanguard Bank is a clear example of Beijing’s South China Sea strategies in action
China is trying to manipulate international dispute resolution mechanisms to sew confusion and further its economic interests in the South China Sea. Its diplomatic and military activities are pushing … ( read original story …)
