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Michelin sales fall as euro compounds China, U.S. weakness


PARIS French tyre maker Michelin's revenue fell 6.3 percent in the first quarter on weaker sales to carmakers in China and the United States, compounded by the effects of a stronger euro.


China to strive to reach targets this year - politburo 3:11pm BST

BEIJING China will strive hard to achieve this year's economic targets, the politburo, a top decision-making body of the ruling Communist Party said on Monday, according to state media.


Trade war worries Philips as it banks on China growth 2:08pm BST

AMSTERDAM Philips is worried about rising trade tensions between the United States and China, said the Dutch health-technology company that is banking on continuing Chinese demand for its high-end medical equipment.


China says 32 nationals killed when bus falls off bridge in North Korea 1:41pm BST

BEIJING Thirty-two Chinese tourists and four North Koreans died when a bus crashed off a bridge in North Korea, China's foreign ministry said on Monday, with two Chinese nationals in critical condition. | Video

China's Hengan takes top stake in Finnish pulp project 1:23pm BST

HELSINKI China's Hengan International has become the biggest shareholder in Finnpulp, a new Finnish company preparing a 1.4 billion euro (1.23 billion pounds) pulp mill in central Finland, the companies said on Monday.


China may backslide on deleveraging if trade war looms 11:10am BST

BEIJING China’s efforts to reduce its reliance on debt and find a more sustainable route to grow its economy may be derailed by the simmering trade dispute with the United States, economists warn.

China's first home-built carrier looks set to start sea trials 11:09am BST

BEIJING China first domestically developed aircraft carrier looks set to begin sea trials after pictures appeared on the Chinese internet on Monday of it leaving its dock in the northeastern port of Dalian.


China's CITIC group conducting due diligence on CEFC's Abu Dhabi oil stake - sources 10:14am BST

BEIJING State-run Chinese conglomerate CITIC Group is conducting due diligence on CEFC China Energy's stake in onshore oil fields in Abu Dhabi as CITIC prepares, under the Chinese government's direction, to possibly take over CEFC's energy business, said two sources with knowledge of the matter.


Europe not choosing sides in U.S.-China trade dispute 9:25am BST

WASHINGTON Europe will not choose sides in the trade dispute between the United States and China, a top European official said on Saturday, adding that the European Union's temporary exemptions from U.S. steel and aluminium tariffs should become permanent.

Ping An healthcare unit maps out plan for $1.1 billion Hong Kong IPO 6:26am BST

HONG KONG Ping An Healthcare and Technology Co Ltd, a unit of Ping An Insurance (Group) Co of China Ltd , plans to raise up to HK$8.77 billion (797.8 million pounds) in a Hong Kong initial public offering to help expand its e-commerce business.