Economy

Helsinki-Tallinn tunnel to get $16.8 billion from Touchstone

HELSINKI– FinEst Bay Area Development said on Friday it had signed a memorandum of understanding for 15 billion euros ($16.8 billion) in financing with China’s Touchstone Capital Partners for its...

UK car sales back on track after bumpy ride

UK car sales back on track after bumpy ride

LONDON– New car sales in Britain rose in February from a year earlier, reversing five straight monthly declines despite fears over Brexit and China's economic slowdown, data showed Tuesday.  ...
India plays down end to US trade preferences

India plays down end to US trade preferences

NEW DELHI– India played down on Tuesday President Donald Trump's intention to end certain trade preferences, saying the impact on New Delhi's exports to the US would be minor.  ...
China says 'still lots left to do' in US trade talks

China says 'still lots left to do' in US trade talks

BEIJING–US-China trade talks have been "very difficult and taxing" and negotiators still have "lots left to do", but breakthroughs have been made in some areas, China's commerce minister said Tuesday.  ...
Agriculture development bank to provide subsidized loan

Agriculture development bank to provide subsidized loan

Kaski– The Agriculture Development Bank is set to provide subsidized loan without any collateral.  A memorandum of understanding to this effect was signed among the Ministry of Land Management, Agriculture...
HSBC pre-tax profit up 16% at $19.9 bn in 2018

HSBC pre-tax profit up 16% at $19.9 bn in 2018

HONG KONG– Banking giant HSBC said on Tuesday that pre-tax profit rose 16 percent to $19.9 billion last year with growth across its global businesses despite a "challenging external environment...