Business

Apple's Strategy In Response To Ongoing Strengthening Of The US Dollar

Darlene Tverdohleb   | Sep 14, 2015 07:48 AM EDT

In its struggle to deal with the ongoing strengthening of the US dollar., Apple is increasing iPhone prices in several key markets, excluding China. read more

Future of Base Metals Still Depend on China Numbers, Experts Suggest

Eana Maniebo   | Sep 07, 2015 05:18 AM EDT

Whatever that is happening in China continues to affect investor perception, as weak economic data coming from the country still stifles trading at the bourse. read more

Chinese Stocks Fall Again After Recent Recovery

Benjie Batanes   | Jul 15, 2015 11:20 AM EDT

Chinese stocks have once again resumed their downward trend despite a 7-percent rise in the country's gross domestic product (GDP). The stocks started its descent Tuesday and kept falling until the close of Wednesday's trading. read more

China Bank Lending Increased in June, Helped by Central Bank's Incentives

Benjie Batanes   | Jul 15, 2015 07:35 AM EDT

China bank lending for the month of June has reportedly reached around 1.27 trillion yuan ($206.18 billion). The series of incentives released by the People's Bank of China (PBOC) helped achieved the better-than-expected figures. read more

Alibaba News: Alibaba’s Patrick Liu Detained Over Tencent Graft and Corruption Issues

Adelyn Torralba   | Jul 14, 2015 12:14 PM EDT

Alibaba's spokesman Bob Christie recently confirmed in an email that Patrick Liu, Alibaba's executive, is detained by Chinese authorities over issues during his time in Tencent Video. read more

Chinese Tech Company Makes $23 Billion Offer for American Chip Manufacturer Micron

Benjie Batanes   | Jul 14, 2015 01:33 PM EDT

Chinese tech company Tsinghua Unigroup is rumored to have made a $23 billion offer on Wednesday to buy US-based chip manufacturer Micron. If the deal pushes through, it would go down as the largest Chinese purchase of an American company in history. read more

Chinese Authorities Outlaw Internet 'Margin Investing' Ads

Benjie Batanes   | Jul 14, 2015 11:08 AM EDT

Chinese authorities have declared all "margin ads" online as illegal and ordered their immediate removal. This latest move is just one of the series of actions that the Chinese government is employing to arrest the further decline of the country's stock market. read more

'Grexit' Averted as Tsipras and European Leaders Arrive at Consensus

Benjie Batanes   | Jul 13, 2015 07:29 AM EDT

Greece will stay within the Eurozone as a deal has finally been struck with its European creditors on Monday. However, the government of Alexis Tsipras will have to pass tough legislation that many of his countrymen had earlier rejected in a recent referendum. read more

Majority of Base Metals Advance Amid Falling Chinese Equities

Eana Maniebo   | Jul 13, 2015 05:35 AM EDT

Almost every commodity in the base metals segment improved on last LME trading with the exception of tin, which lost 0.18 percent to $14,025 a tonne. Three-month unofficial copper price increased 1.49 percent to $5,589 a tonne while aluminium closed 0.89 percent at $1,693 a tonne. read more

Apple Inc. Continues Its Losing Streak In The Stock Market; China Fears Its Heading To Its Dooms Day

Adrian Darylle Torralba   | Jul 13, 2015 05:43 AM EDT

Investors have been keen about the stock market and Apple Inc. is reportedly not benefitting from it. read more

Chinese Brokerage Firms Report Record Earnings Despite Fall in Value

Benjie Batanes   | Jul 13, 2015 07:21 AM EDT

The net earnings of 22 Chinese brokerage firms rose by almost 400 percent in the first half of 2015. However, the value of their shares were not spared by the downtrend in the Chinese stock market. read more

Police Investigators Uncover Evidence of Market Manipulation

Kwao Peppeh   | Jul 12, 2015 11:18 AM EDT

Chinese police investigators have found evidence that certain firms may have deliberately engaged in illegal short-selling of stocks and stock indexes, State News Agency Xinhua reported. read more

Premier Li Expresses Confidence in China's Economic Stability and Development

Kwao Peppeh   | Jul 11, 2015 06:37 AM EDT

In light of the recent run of losses on the stock market, Premier Li Keqiang has noted that China will focus on developing and stabilizing its capital market and currency market in order to create suitable conditions for the development of the general economy. read more

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