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BEIJING -- Some Chinese banks have phased out the use of the "counter-cyclical" factor in the pricing mechanism of the yuan's central parity rate against the greenback, according to an online statement of the country's forex regulator.

BERLIN - Volkswagen Group, the world's largest carmaker by sales, has purchased a 49 percent share in German digital specialist diconium as part of a wider digitalization drive, the Wolfsburg-based company announced on Friday.

BRAC University, established in 2001, has about 8,000 students.

BEIJING — For Gao Hengrui, 20, going to a bookstore is no longer only about buying books, rather, it is a "culture hunt."

BT's latest licenses are an excellent example of China's telecom sector's opening up, said Danny Mu, principal analyst at research company Forrester.