China said Tuesday it faces a bleak foreign trade environment in 2013 due to ongoing global economic weakness, as the Asian export powerhouse appears set to miss this year’s trade growth target.
By Tarra Quismundo
The Philippines is a “hugely exciting” market where the United Kingdom is keen on boosting reciprocal investment.
By Ana G. Roa
The country’s imports continued to expand in June, posting a 13.3-percent increase year on year, the fastest pace since August 2011, data from the National Statistics Office (NSO) showed.
Oil prices edged lower in Asian trade on Wednesday as concerns that debt-plagued Spain could be forced to seek a bailout roiled the markets.
Japanese high-tech firm Hitachi on Tuesday said it plans to slash its annual costs 5.0 percent by 2015, or about $5.43 billion a year, to compete with rivals including General Electric.