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#1 2018-06-04 08:44:38

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NEW YORK Andreas Granqvist Sverige Tröja , Feb. 13 (Xinhua) -- U.S. stocks added gains Friday, with the S&P 500 closing at a record high and the Dow Jones Industrial Average above 18,000 for the first time in 2015, buoyed by upbeat eurozone growth data and a recovery in oil prices.

The S&P 500 climbed to a new all-time high of 2 Victor Lindelof Sverige Tröja ,097.03 points on Friday, before closing at a record of 2096.99 points, up 8.51 points, or 0.41 percent Mikael Lustig Sverige Tröja , with the energy sector rising 1.95 percent to lead gains.

The Dow increased 46.97 points, or 0.26 percent, to 18,019.35 Jacob Rinne VM 2018 Tröja , above the round-number mark of 18,000 points for the first time this year.

The Nasdaq Composite Index extended gains after logging its highest level since March 2000 Thursday, up 36.22 points, or 0.75 percent Kristoffer Nordfeldt VM 2018 Tröja , to 4,893.84.

Seasonally adjusted gross domestic product (GDP) rose by 0.3 percent in the euro area during the fourth quarter of 2014, compared with the previous quarter, said the statistical office of the European Union on Friday. European equities advanced broadly on the better-than-expected economic data.

The German economy increased 0.7 percent in the fourth quarter after expanding 0.1 percent in the previous three months Isaac Kiese Thelin VM 2018 Tröja , while data from France showed a 0.1-percent growth.

Strengthening oil prices also provided upward jolts to the stock market. Brent crude rose above 60 dollars a barrel on Friday for the first time this year, as data showed more rigs were pulled out of oil fields in the United States this week.

Light, sweet crude for March delivery moved up 1.57 U.S. dollars to settle at 52.78 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery added 4. 47 dollars to close at 61.52 dollars a barrel.

Meanwhile Jimmy Durmaz VM 2018 Tröja , Wall Street continued to embrace the Ukraine ceasefire agreement, which boosted European and U.S. stocks Thursday. Russia President Vladimir Putin said he and leaders of France, Germany and Ukraine had agreed on the withdrawal of heavy weapons from Ukraine's frontlines and a ceasefire to begin from Feb. 15.

However, U.S. consumer sentiment came out lackluster in the day. The Thomson ReutersUniversity of Michigan's February reading of consumer sentiment index fell to 93.6 from January's 11-year high of 98.1 Ola Toivonen VM 2018 Tröja , missing market expectations.

On a weekly basis, the Dow, the S&P 500 and the Nasdaq posted gains for a second straight week, up 1.1 percent Ken Sema VM 2018 Tröja , 2.0 percent and 3.1 percent, respectively.


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Cai Chaolin (R), vice mayor of Guangzhou, unveils the nameplate of Guangzhou Liaison Office in Boston at the roadshow for the 2017 Fortune Global Forum held in Washington, the United States, on March 14, 2017. Undergoing a transformation into an international hub of innovation from a traditional trade port, the southern Chinese city of Guangzhou is seeking out U.S. companies for investment during a roadshow for the 2017 Fortune Global Forum to be held in Guangzhou in early December. (XinhuaYin Bogu)

WASHINGTON, March 14 (Xinhua) -- Undergoing a transformation into an international hub of innovation from a traditional trade port, the southern Chinese city of Guangzhou is seeking out U.S. companies for investment.

""We encourage U.S. multinational companies to invest in Guangzhou, which is a well-known business-friendly city,"" Cai Chaolin, vice mayor of Guangzhou, said Tuesday during a roadshow for the 2017 Fortune Global Forum to be held in Guangzhou in early December.

In an address to U.S. officials and business leaders in Washington D.C., Cai introduced Guangzhou's initiatives of developing a technology innovation hub, which is expected to bring new business opportunities for U.S. companies coming to the city.

As part of the efforts to enhance cooperation in technology innovation between Guangzhou and the United States, Cai also announced the set-up of Guangzhou's liaison offices in Boston and Silicon Valley, two famous innovation centers in the Eastern and Western coasts of the United States.

""We want to know what's happening in these innovation centers,"" Cai told Xinhua, adding that the two offices would help Guangzhou gather innovation resources and high-end talents around the world so as to establish its own innovation hub.

Nina Easton, co-chair of Fortune Global Forum and chair of Fortune Most Powerful Women International, said at the same event that Guangzhou, China's southern gateway to the world, is the ideal location for the 2017 Fortune Global Forum with the theme of ""Openness and Innovation: Shaping the Global Economy"" .

""As a center of international trade for many centuries, Guangzhou is both a renowned symbol and a modern manifestation of China's participation in global commerce,"" Easton said, noting that the city has become ""highly attractive"" to multinational companies due to initiatives launched by the municipal government to facilitate investment and trade, its strategic position on the Maritime Silk Road as well as its participation in the free trade zone of Guangdong Province.

""More than half of Fortune Global 500 companies have already made investments or set up operations in Guangzhou, with the potential to continue expansion,"" Easton said.

Henry Levine, senior advisor at leading U.S. consulting firm Albright Stonebridge Group, said he was very impressed by the central role of South China in general, Guangzhou in particular, has played as a leader in openness, innovation, and creating a dynamic economy over the past 30 years.

Citing a recent business survey conducted by the American Chamber of Commerce in South China, Levine, who used to work at the U.S. Department of Commerce, said 80 percent of U.S. companies regarded the business climate in the region as ""good"" or ""very good,"" and 60 percent of them chose to make their headquarters in Guangzhou.

As the first witness to the start of Sino-U.S. trade, Guangzhou also has impo. Cheap Jerseys   Cheap Jerseys   Cheap Jerseys   Cheap Hoodies   Cheap MLB Hats Online   Wholesale Jerseys   Wholesale Jerseys   Wholesale Jerseys   Wholesale Jerseys China   Wholesale Jerseys



2018-06-04 08:44:38



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