12/26/2024 10:34:12 pm
12/26/2024 10:34:12 pm
Benjie Batanes | Jul 01, 2015 10:27 AM EDT
Greek Prime Minister Alexis Tsipras has informed his country's creditors of his willingness to agree to most, if not all, their demands as Greece failed to repay its loan to the International Monetary Fund (IMF) due on Tuesday. read more
Benjie Batanes | Jul 01, 2015 06:49 AM EDT
Chinese authorities must implement some major changes in the way the economy is run, a World Bank report said on Wednesday. read more
Eana Maniebo | Jun 30, 2015 11:51 AM EDT
Three months ago, the European Union imposed anti-dumping duties on imports of flat stainless steel from China and Taiwan. Now, several steelmakers from the US is seeking tariffs on American imports of the same products from China, India, Italy, South Korea, and Taiwan to shun the possible onslaught of cheap imports to the country. read more
Benjie Batanes | Jun 30, 2015 07:25 AM EDT
The International Monetary Fund (IMF) is considering the idea of adding the Yuan to its basket as London City reports that international trade with the Chinese currency has doubled in 2014. read more
Benjie Batanes | Jun 29, 2015 11:32 AM EDT
Monday's trade of Chinese stocks resulted in a loss in the Shanghai stock market as many investors tried to liquidate their investments despite the latest cuts on interest rates by the central bank. read more
Benjie Batanes | Jun 29, 2015 08:12 AM EDT
The Central Bank of China have lowered the amount of cash reserves that banks are mandated to hold as well as their interest rates. Central bank officials explained that the latest move is intended to help firms in the country obtain affordable loans for their operations. read more
Eana Maniebo | Jun 29, 2015 05:33 AM EDT
China's economy may be slowing down, but the country is not ready to give in just yet. Next month, the Chinese government is planning to implement its revamped value-added tax (VAT) that would replace business taxes and expand three crucial sectors: real estate, finance, and consumer services. read more
Adelyn Torralba | Jun 26, 2015 08:42 AM EDT
Commerce’s biggest threshold China is venturing on a new platform of getting credits by recognizing the importance of credit scores. read more
Benjie Batanes | Jun 26, 2015 08:02 AM EDT
McDonald's announced on Wednesday that it will sell all of its outlets in Taiwan. The fast-food chain noted that the move is meant to streamline its overseas operation and McDonald's has no intention of leaving the Taiwan market. read more
Benjie Batanes | Jun 26, 2015 04:47 AM EDT
South Korea's finance ministry announced on Thursday that it will release 15 trillion Won (roughly $13.5 billion) to counteract the adverse effect on the economy brought by the MERS virus in the country, Wall Street Journal reported. read more
Eana Maniebo | Jun 25, 2015 11:37 AM EDT
The Hong Kong Exchanges & Clearing (HKEx) is now the world's biggest bourse operator after embarking on various stock trading programs to bring together traders in the Asian region. At the center of these enterprises is the "link" plan with the Shanghai Futures Exchange (ShFE) that allowed mainland funds to purchase Hong Kong shares. read more
Adelyn Torralba | Jun 24, 2015 10:21 AM EDT
Last week proved to be a difficult week in the Chinese stock market when the country's Shanghai Composite index fell to 6.4 percent, closing in at 4,478.36 below the standard on Friday. read more
Kwao Peppeh | Jun 24, 2015 09:18 AM EDT
South Korean automaker Hyundai has unveiled plans to build its fifth factory in China as the company looks to increase its production of sports utility vehicles (SUVs) in a bid to reverse its slacking sales. read more
Eana Maniebo | Jun 23, 2015 11:16 AM EDT
China's State Council on Sunday released a call to action for migrant workers to return to their hometowns, share what they've learned to people in rural areas, and start their own companies. read more
Adelyn Torralba | Jun 22, 2015 09:43 AM EDT
Ant Financial's bid to invest in an online banking platform has sold its stakes to investors in order to launch their services "MYbank" on June 25, 2015. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
