Business

British Pub Enjoys Increased Beer Sales After President Xi's Visit

Elena Garcia   | Nov 11, 2015 09:48 AM EST

Demand for British beer brand Greene King is rocketing across China as a result of president Xi Jinping's visit to UK. A photo taken during President Xi's trip shows him drinking a pint of Greene King IPA with the prime minister of Britain David Cameron. read more

China's Singles Day Forecast to Rake in Billions in Online Sales

Desiree Sison   | Nov 11, 2015 11:10 PM EST

Alibaba and other e-commerce companies could rake in online sales amounting to $11 billion as Chinese celebrate Singles Day Wednesday. read more

Chinese Inflation Growth Slows More Than Expected

Michael A. Katz   | Nov 10, 2015 06:35 PM EST

China’s consumer inflation rose less than expected in October, a signal that the country's economy may be cooling off again. read more

Stop Chinese Imports! European Steelmakers Call for Action as Industry Suffers

Kwao Peppeh   | Nov 10, 2015 03:35 AM EST

Steelmakers across Europe are demanding that European Union (EU) officials do something to stem the tide of cheap steel imports from China that is flooding the market. On Monday, while EU ministers convened at an impromptu summit in Brussels to discuss the issue, steel workers protested in the city. read more

China, Russia Increase Bilateral Trade in Digital Age

Desiree Sison   | Nov 09, 2015 07:15 AM EST

China and Russia are riding high on their current trade relations in the digital age, earning billions of dollars in e-commerce transactions. read more

Wentworth Woodhouse Purchased by Hong Kong Investment Company

Cybelle Go   | Nov 08, 2015 05:38 AM EST

Wentworth Woodhouse, considered as Europe's largest private house and a piece of British heritage, was recently bought by the Lake House Group, a Hong Kong based investment company. read more

Alibaba Buys 'China's YouTube' Youku Tudou for $3.7 Billion

Benjie Batanes   | Nov 07, 2015 06:36 AM EST

China's e-commerce giant Alibaba announced on Friday that it has virtually gobbled up China's version of YouTube - Youku Tudou - after paying around $3.7 billion in cash for the remaining shares in the company. read more

Why Apple is Grabbing Huge Parcels of Land in Silicon Valley

Nicky West   | Nov 06, 2015 07:31 AM EST

According to the Silicon Valley Business Journal, Apple is working on a land deal that would allow the company to expand their headquarters to a 4.15 million square feet office in the northern part of San Jose, California. read more

Steve Jobs Thought of Making an Apple Car in 2008

Nicky West   | Nov 05, 2015 07:12 AM EST

Steve Jobs would have been ahead of the game if he did not ditch his plan to make an Apple Car in 2008. read more

China Southern Airlines Chairman Faces Probe for Graft

Benjie Batanes   | Nov 05, 2015 07:21 AM EST

China Southern Airlines announced on Thursday that its chairman Si Xianmin is being probed by authorities for graft and corruption. The details of the crimes Si is accused of has not been released by the Central Commission for Discipline Inspection (CCDI). read more

Fashionistas Queue for Hours Ahead of Balmain x H&M Collection Launch

Charissa Echavez   | Nov 05, 2015 06:11 AM EST

Fashionistas gathered outside H&M stores around the world to queue for the much awaited launch of the Balmain x H&M collection. Of course, no fashion enthusiast would ever want to miss the blings and blazers sensation of the famous French designer Olivier Rousteing's House of Balmain for H&M. read more

Made in China C919 Aircraft to Compete with Airbus, Boeing

Charissa Echavez   | Nov 04, 2015 07:11 AM EST

After so many years, the Commercial Aircraft Corporation (Comac) has unveiled China's contingent to famous airplanes manufactured by the likes of Airbus Group and Boeing Co. The new commercial-based jetliner C919 was towed out for its first public appearance during a press conference in Shanghai on Monday. read more

40% of All Goods Sold Online in China in 2014 Were Fake: Report

Kwao Peppeh   | Nov 03, 2015 10:05 AM EST

China's online market has been rigged with counterfeit and tawdry goods. According to a new report, only 58.7 percent of all items sold via e-commerce in the country last year was genuine - the other 40 percent were fake. read more

China's Icahn Has Been Arrested for Insider Trading

Benjie Batanes   | Nov 03, 2015 08:00 AM EST

One of the most prominent stock traders in China has been arrested for malpractice. Xu Xiang, general manager and one of the owners of Zexi Investment, made a fortune in the Chinese stock market even during the period that it was struggling. On Sunday morning, Xu was arrested in spectacular fashion by authorities over to suspicions of insider trading. read more

Chinese Executives of Hong Kong Futures Firm Arrested for 'Malicious' Trading

Benjie Batanes   | Nov 02, 2015 05:15 AM EST

China's Ministry of Public Security on Sunday announced the arrest of two Chinese executives of a Hong Kong futures firm for allegedly engaging in the manipulation of futures prices. This arrest is the first time that Chinese authorities have apprehended persons working for a financial firm owned by non-mainlanders. read more

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