Business

PetroChina Makes China's Biggest Shale Deposit Discovery

Camille Harthy   | May 28, 2015 01:28 PM EDT

A unit of state-owned China National Petroleum Corp. has discovered over 100 million tonnes of oil in north-west China, the biggest shale discovery in the nation to date. read more

5 New Chinese Banks Get Official Approval to Commence Operations

Camille Harthy   | May 28, 2015 11:17 AM EDT

The last of five private banks that are expected to usher in a new era in China's banking industry has received official approval to commence operations. read more

3 Chinese Tech Companies Listed Among Top 100 Global Brands

Benjie Batanes   | May 28, 2015 02:45 PM EDT

Three Chinese tech companies namely Tencent, Alibaba, and Baidu made it to BrandZ's Top 100 Global Brands for 2015, as reported by WPP and Millward Brown. read more

Chinese Chemical Company Fined Record Amount, Employees Jailed Over Pollution

Benjie Batanes   | May 28, 2015 02:07 PM EDT

A court in Eastern China has sentenced several employees of a chemical company including its contractors to jail and imposed a fine of ¥75 million (around $12 million) for illegal disposal of its waste water, as reported by AP. read more

Disney Opens its Largest Store in Shanghai

Benjie Batanes   | May 27, 2015 01:21 PM EDT

Disney has opened its first retail store in Shanghai, China. The Disney store in China is also the largest yet in the world. read more

China Set to Cut Import Tax By Up to 50% to Spur Domestic Spending

Camille Harthy   | May 27, 2015 12:24 PM EDT

China's finance ministry wants people to spend more in the country, so much that it plans to cut current import taxes by half. read more

Alibaba Seeks to Legitimize China's Shoe Counterfeiting 'Mecca'

Camille Harthy   | May 27, 2015 12:37 PM EDT

Alibaba Group Holding Ltd. is taking a different approach to fighting the prevalence of counterfeit products on its websites - and it's not what the industry has been calling out for. read more

Chinese Nuclear Company to Make $2 Billion IPO

Benjie Batanes   | May 27, 2015 12:01 PM EDT

A Chinese government-owned nuclear power corporation plans to launch an initial public offering (IPO) of around ¥13.4 billion ($2.16 billion). The Chinese National Nuclear Power Corporation announced that the IPO will be offered at the Shanghai Stock Exchange on June 2 this year. read more

China's 'Super Rich' Citizens Increase to Record High

Benjie Batanes   | May 27, 2015 11:25 AM EDT

The number of 'super rich' Chinese citizens has increased to a record high in the past year. According to a recent report, many of these people got their wealth from the so-called "innovative industries." read more

Charter Strikes $55 Billion Deal With Time Warner Cable; Will It Beat Comcast?

Althea Serad   | May 26, 2015 12:02 PM EDT

Charter Communications Inc. is set in making a $55 billion deal with Time Warner Cable Inc., the second-largest cable operator in the United States. Cable mogul John Malone has been eyeing the company for two years since it is seen as a trophy by those looking to lead U.S. cable and broadband television, reported Nasdaq. read more

Base Metal Segment’s Prices Slide on Global Cues

Eana Maniebo   | May 21, 2015 11:58 AM EDT

Nickel, tin, zinc, lead, copper, and select brass prices slid at the non-ferrous metal market as demand decreases from essential sources like China and Japan, two of the largest base metal consumers in the world. read more

Southern California Home Prices: Increase Twice This Month, Not Healthy For Business If No Demands

Gemmie Caranay   | May 20, 2015 07:59 PM EDT

Home sales and prices in Southern California went up for te second time this month. read more

Japanese Air Bag Maker Sets Record For Biggest Product Recall The U.S.

Camille Harthy   | May 20, 2015 06:23 PM EDT

Succumbing to the "urging" of a United States agency, a Japan manufacturer of airbags for automotives has issued a recall of its airbags installed in over 34 million cars in the U.S. read more

Stainless Steel Surplus in China to Lead to More Global Exports

Eana Maniebo   | May 20, 2015 11:24 AM EDT

A slowdown in China's industrial manufacturing and property sectors will soon lead to an increase in the global export of stainless steel. read more

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