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|BEIJING Cheap Nike Air VaporMax 97 Beige White UK , Jan. 4 (Xinhua) -- Several internet firms have filed with the central bank to set up a credit-information platform.
The new company, under the name of Baihang Credit Scoring, will be backed by Alibaba and Tencent, among others, according to the People's Bank of China on Thursday.
With 36 percent of the company, the National Internet Finance Association of China will be the largest shareholder.
Baihang will have a registered capital of 1 billion yuan (more than 150 million U.S. dollars). Eight credit firms including Zhima Credit and Tencent Credit will each have shares of 8 percent.
Zhu Huanqi Nike Air Vapormax Off White UK , chairman of Huida Asset Management Co. Ltd., will be the chairman.
The platform will provide personal credit information services for online lenders, supplementing the state-run credit platform.
NEW YORK, Aug. 13 (Xinhua) -- U.S. stocks posted weekly loss as tension between the United States and the Democratic People's Republic of Korea (DPRK) escalates.
For the week, the blue-chip Dow lost 1.1 percent and the broader S&P 500 erased 1.4 percent, while the tech-heavy Nasdaq decreased 1.5 percent.
U.S. President Donald Trump earlier issued a warning to the DPRK that appeared to threaten a nuclear war with the Asian country. In response Nike Air VaporMax Flyknit UK , the DPRK warned of preemptive strikes against the U.S. military base of Guam in the Pacific.
Analysts said the news made investors a little uneasy, thus weighing on the market.
On the economic front, the Consumer Price Index for All Urban Consumers rose 0.1 percent in July on a seasonally adjusted basis, the U.S. Labor Department reported Friday, lower than market consensus of a 0.2-percent gain. Over the last 12 months, the all items index rose 1.7 percent.
The soft inflation data raised market expectation for the Federal Reserve to hold lower interest rates longer this year.
Just 38 percent of investors expected the central bank to rates again at the end of the year Nike Air VaporMax White UK , down from about 45 percent, according to the latest CME Group's FedWatch tool.
In the week ending August 5, the advance figure for seasonally adjusted initial jobless claims was 244,000, an increase of 3,000 from the previous week's revised level Nike Air VaporMax 2018 UK , the Labor Department said on Thursday. The latest reading was higher than market expectations.
The Department said in another report on Thursday that the U.S. producer price index for final demand slipped 0.1 percent last month, reversing June's 0.1 percent gain.
July's drop missed market consensus of a 0.1-percent gain and was the largest decline since August 2016.
Meanwhile, traders also kept a close eye on latest comments from Federal Reserve officials.
St. Louis Federal Reserve President James Bullard said Monday that the central bank won't need to raise rates in the near term.
"The current level of the policy rate is likely to remain appropriate over the near term," he said.
In corporate news, U.S. social media company Snap posted a larger-than-expected loss and smaller-than-expected revenue, sending the stock down more than 10 percent on Friday.
The Walt Disney Company posted better-than-expected quarterly earnings but its sales missed market expectations. The media giant's stock slumped over 6 percent after the announcement on Wednesday.
U.S. retailer Michael Kors said on Tuesday that the company's sales in the quarter ended July 1 fell 5.9 percent Nike Air VaporMax Red UK , but much less severe than the 8.9-percent drop that Wall Street was expecting.
Total revenue for the first quarter came in at 952.4 million U.S. dollars, again topping analysts' estimates for sales of 918.6 million U.S. dollars.
With 90 percent of S&P 500 companies' earnings now reported following the fourth week of earnings season, results have exceeded analysts' expectations, with earnings growth tracking over 9 percent year-on-year, according to the latest BofA Merrill Lynch Global Research report.
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BEIJING, May 9 (Xinhua) -- Before Javaria Ikram even arrived in China, the Pakistani woman had heard a lot about the country from her father.
"China is my father's second home," she said. "We grew up seeing photos and hearing stories about it."
Ul Haq Ikram was among the first group of Pakistanis to study in China in the 1970s.
From 1974 to 1979 Nike Air VaporMax Black UK , he studied Chinese and radio communications at Beijing Language and Culture University and Tianjin University. He then returned home and became an engineer in the military. In 2005, he came to China again, this time earning his doctorate at Beijing Institute of Technology.
Ul Haq Ikram has travelled around the country with his family, and encouraged his six children to study there.
"The peaceful environment and friendship between our two countries are the main reasons why we like China," said Ul Haq Ikram. "I enjoyed the academic atmosphere here, the teachers made our studies and daily life easy."
Javaria Ikram Nike Air VaporMax Womens UK , 30, and her siblings all followed in the footsteps of their father. Elder sister Maria Ikram came first, earning her doctorate at Beijing Institute of Technology.
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