Knowledge Update

​Beijing, Jan 24 (IANS) China's central bank on Tuesday announced that it had lent 245.5 billion yuan ($36 billion) to 22 financial institutions through medium-term lending facility (MLF) to keep liquidity basically stable.

​Seoul, Jan 24 (IANS) Samsung Electronics on Tuesday posted an operating profit of 29.2 trillion won ($25 billion) in 2016, up 10.7 per cent from the previous year, despite losses suffered by its mobile division due to the Galaxy Note 7 fiasco.

​Seoul, Jan 19 (IANS) South Korean currency's volatility to the US dollar hit the highest in six years in 2016 on external uncertainties including the presidential election and the expected rate hike in the US, central bank data showed on Thursday.

Beijing , Jan 17 (IANS) China on Tuesday announced more measures to attract foreign investment, promising easier access and better environment.

Foreign firms will face fewer restrictions when entering service, manufacturing and mining sectors, said a State Council document, according to Xinhua news agency.

​London, Jan 17 (IANS) The Bank of England is keeping a close watch on Britain's consumer spending amid signs of households dipping into their savings and amassing debts to keep spending in the face of rising inflation, media reports said.

Beijing, Jan 14 (IANS) Chinese internet and technology conglomerate LeEco has secured over $2 billion in investment from real estate developer Sunac China Holdings, media reports said.

Canberra, Jan 11 (IANS) The Australian government plans to tax all online transactions, Treasurer Scott Morrison said on Wednesday, as part of a so-called 'tax strike' on the rapidly-growing digital economy.

Beijing, Jan 10 (IANS) Chinese economy is estimated to have grown about 6.7 per cent in 2016, a top economic planner said on Tuesday.

The world's second largest economy registered the same growth rate in the first, second and third quarter in 2016, Xinhua news agency quoted Xu Shaoshi, director of the

London, Jan 9 (IANS) The final three months of last year saw the strongest quarterly growth in British consumer spending in two years, according to payment card company Visa.

​Tokyo, Jan 6 (IANS) The shares of Toyota Motor fell on the Tokyo Stock Exchange (TSE) on Friday after US President-elect Donald Trump threatened the Japanese car manufacturer with customs duties if it continues the construction of its new vehicle assembly plant in Mexico.