Business

World Bank Ready to Collaborate with China-Led AIIB

Marcel Woo   | Apr 08, 2015 02:18 AM EDT

Instead of considering the China-led Asia Infrastructure Investment Bank (AIIB) as a competitor, World Bank Group President Jim Yong Kim said he welcomes the AIIB and stressed that the WB is ready to collaborate with the new bank in fighting global poverty. read more

Constant Terrorist Attacks on Kenya Force Drop in Shilling

Dino Lirios   | Apr 07, 2015 07:15 AM EDT

With threats of terrorist attacks constantly looming over Kenya, the shilling is poised to dip to the lowest it has been since Nov. 16, 2011. read more

Starbucks Accuses Walk-In Asian Customers Of Spying For China

Vittorio Hernandez   | Apr 03, 2015 05:10 AM EDT

David Lui, a California resident, recounts a bad experience he and another Asian friend experienced when they went to the Starbuck's new Reserve Roastery on Capitol Hill on March 11. read more

China-Led Bank Primed To Change World Economic Order With 50 Countries Poised to Join

Vittorio Hernandez   | Apr 02, 2015 11:39 AM EDT

As of Tuesday, the deadline for countries to join the China-led Asian Infrastructure Investment Bank (AIIB), 46 nations have enlisted. The high number of founding members is an indicator of the growing influence of Beijing in the international arena. read more

McDonald's To Raise Hourly Rates For 90,000 Workers

Geann Pineda   | Apr 02, 2015 07:07 AM EDT

McDonald's is raising its hourly wages for its roughly 90,000 U.S. employees -- joining the trend in rising salaries in the American labor market. read more

IBM Invests $3 Billion Into Internet of Things

David Curry   | Mar 31, 2015 09:13 AM EDT

IBM announced $3 billion investment into Internet of Things. read more

China Admits Economy Is Hurting

Desiree Sison   | Mar 31, 2015 05:20 AM EDT

China has admitted that its economy is hurting with the country's growth rate experiencing a rough slowdown that significantly needs a major intervention read more

McDonald's To Test All-Day Breakfast To Boost Sales

Geann Pineda   | Mar 31, 2015 02:19 AM EDT

McDonald's will soon serve breakfast all day, in what is Chief Executive Steve Easterbrook's latest experiment to boost sales. read more

Hong Kong Retail Rents Dip From Less Mainland Visitors

Dino Lirios   | Mar 30, 2015 02:57 AM EDT

A lag in Chinese tourists coming into Hong Kong brings down shop rentals in the island, as vacancies grow in prime areas. Tour groups visiting Hong Kong dropped 80 percent in March as cross-border tensions and pro-democracy protests drive away tourists, worrying retailers who relied on the mainland's once robust demand. read more

New Silk Road Trade To Top US$2.5 Trillion, Says Xi Jinping

Dino Lirios   | Mar 30, 2015 11:19 AM EDT

China's president Xi Jinping hopes China's annual trade with countries that are part of its plan to pave a modern Silk Road, the 'One Belt, One Road' initiative, would go beyond US$2.5 trillion in a span of 10 years. read more

China's Mutual Funds Industry Is Back On Track

Dino Lirios   | Mar 30, 2015 02:51 AM EDT

China's mutual fund industry rebounds as investors cash in on the country's soaring equities market, with new funds being quickly finished by investors who once spurned the stock market's "too high risk." read more

Xi Jinping Offers To Spread Chinese Prosperity Across Asia

Vittorio Hernandez   | Mar 29, 2015 10:18 PM EDT

To convince Asians that the regional bank that it is setting up to the Asian Development Bank is the better alternative for the region, Chinese President Xi Jinping promised that China would spread the prosperity and cooperation across Asia. read more

Pepsi Dislodges Diet Coke From No. 2 Top Soda Spot

Vittorio Hernandez   | Mar 29, 2015 08:24 AM EDT

Consumers are wary of soda that contain aspartame as its artificial sweeteners. This fear of the effect of aspartame on their health was the main driver in changes in soda market share. read more

Vietnam Caught In The Middle Of Aid Battle Between China And Japan

Vittorio Hernandez   | Mar 28, 2015 10:19 PM EDT

Like suitors vying for the attention of a lovely Asian lady, China and Japan are courting Vietnam by providing the Southeast Asian country with financial assistance. In terms of dollars and cents, Japan has the edge. read more

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