- The surprise US$6.1 billion increase in foreign exchange reserves to US$3.101 trillion came as Beijing also boosted its gold reserves by 1.88 per cent to US$79.8 billion
- Speculation that China could use massive reserves, mostly US dollar-denominated assets, to counter trade war moves by US President Donald Trump
Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles by hundreds of millions of euros.Group earnings before interest and tax this year are now expected to be at last year’s level, the automaker said, against a previous estimate of a slight increase.Source Automotive News
- Relations between Ottawa and Beijing are at a turning point, according to former Canadian ambassador to China David Mulroney.
- ‘We are coming to the end of a long period during which China has been allowed to be a free rider,’ he says.
Turkey’s second drill ship Yavuz will operate in a borehole near Cyprus’ Karpas peninsula, to the northeast of the island, for around three months and reach a depth of 3,300 metres (3,609 yards), Energy Minister Fatih Donmez said on Thursday. Source: Ekathimerini
