12/26/2024 10:42:46 pm
12/26/2024 10:42:46 pm
Kwao Peppeh | Jun 22, 2015 08:08 AM EDT
Prosecutors in Florence have formally applied to a judge to decide whether to indict the Bank of China and several Chinese nationals in Italy for alleged money laundering. The request follows nearly a decade of investigations into the transfer of remittances from Italian cities. read more
Adelyn Torralba | Jun 22, 2015 04:46 AM EDT
Last week signaled a black Friday for China's stock market as they dropped beneath the 5,000 score on Tuesday. read more
Althea Serad | Jun 21, 2015 08:26 AM EDT
The Hershey Co. (HSY) said it will cut down 300 jobs out of the 13,000 of its total workforce. The decision came amid a cost-cutting program as the company’s sales in China has been on a slowdown especially in April and May. read more
Kwao Peppeh | Jun 20, 2015 07:00 AM EDT
China's stock market suffered a terrible run this past week that saw the Shanghai Composite Index fall by up to 13 percent and the Shenzhen Composite Index drop by nearly the same figure. read more
Kwao Peppeh | Jun 20, 2015 04:59 AM EDT
Russian President Vladamir Putin has revealed that the annual turnover from trade between China and his country will reach $200 billion in a few years. He made this comment during a speech at the ongoing St. Petersburg International Economic Forum (SPIEF) on Friday, while both countries pledged to increase their collaboration in diverse fields. read more
Kwao Peppeh | Jun 19, 2015 10:08 AM EDT
Starting this Saturday, June 20, people in Japan will be able to take home SoftBank's specially designed robot known as 'Pepper,' who understands and responds to human emotion. Alibaba Group Holdings and Foxonn Technology Group have reportedly invested in SoftBank to facilitate the production of more Pepper robots and spread the 4-ft humanoid to the rest of the world. read more
Eana Maniebo | Jun 18, 2015 11:29 AM EDT
China's foreign direct investment (FDI) experienced a boost this year in a five-month period from January to May. A total of $53.83 billion (334 billion yuan) utilized FDIs flowed into the country, a 10.5 percent growth year-on-year, with the services industry contributing most to the growth, data from the Commerce ministry showed. read more
Kwao Peppeh | Jun 18, 2015 07:32 AM EDT
Since the beginning of the month, a team of experts from the International Monetary Fund (IMF) have been in China to assess whether the yuan should finally be added to the organization's basket of currencies with Special Drawing Rights (SDR). While the government and central bank officials have expressed optimism about the prospects of the renminbi's inclusion, the questions remains about whether the currency will meet the IMF's requirements to be included in its SDR basket this time around. read more
Benjie Batanes | Jun 17, 2015 07:49 AM EDT
Two Swiss companies allegedly hoodwinked thousands of Chinese investors in Mainland China and Hongkong by running away with more than $1.2 Billion of their money last January. read more
Kwao Peppeh | Jun 16, 2015 06:54 AM EDT
The State Council has on Monday announced a change to the composition of the monetary policy committee of the People's Bank of China (PBOC). The change sees seven new members being appointed to replace seven others. read more
Benjie Batanes | Jun 15, 2015 09:26 AM EDT
E-commerce giant Alibaba will be rolling out its own online video streaming service to compete with similar Chinese sites, the company announced on Sunday. The Netflix-like service is expected to be available in China in two months. read more
Adelyn Torralba | Jun 11, 2015 12:15 PM EDT
Chinese entrepreneurs are not to be left behind when it comes to putting up a business in their own home country. read more
Stephanie Crisme | Jun 10, 2015 12:30 PM EDT
A conveyor manufacturer in China is planning to partner with Kawasaki Heavy Industries Co, Japan’s leading robot maker. read more
Benjie Batanes | Jun 10, 2015 09:17 AM EDT
Another Chinese company is considering leaving the New York Stock Exchange (NYSE) and go back to being a privately-owned enterprise. read more
Eana Maniebo | Jun 09, 2015 10:31 AM EDT
For months now, nickel prices have been highly dependent on economic signals from China. The weaker Chinese economy has been suppressing demand from local steel producers, making nickel prices lower than ever. 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
