12/27/2024 02:52:54 pm
12/27/2024 02:52:54 pm
Vittorio Hernandez | Mar 16, 2015 08:01 PM EDT
Chinese e-commerce giant Alibaba's decision to invest US$200 million into photo and message sharing app Snapchat goes beyond financial gains. The foray into social media is part of the company's strategy to grow into a bigger player in the U.S. market for online shopping and content creation. read more
Dino Lirios | Mar 15, 2015 08:56 AM EDT
The European Commission cautioned about a 'catastrophe' to ensue if Greece withdraws from the European Union (EU). Chief Executive Jean-Claude Juncker pressures EU governments to show solidarity in light of this, saying the risks involved have been underestimated. read more
Dino Lirios | Mar 15, 2015 09:01 AM EDT
Coca-Cola Co. Chairman and CEO, Muhtar Kent's decision to decline his $2.5 million bonus last year did not impress renowned pay critic David Winters. He said the amount was offset by increases in the value of Kent's stock-based awards. read more
Dino Lirios | Mar 15, 2015 06:33 AM EDT
BYD Co. Ltd., an automaker based in Shenzen, China , that began as a mobile phone battery manufacturer, seeks to increase its battery production by triple, competing against Tesla Motors to produce and sell electric vehicles and grow energy storage. read more
Vittorio Hernandez | Mar 15, 2015 03:34 AM EDT
Australian Prime Minister Tony Abbott said on Saturday that Canberra would announce within weeks if the country would join the China-backed Asian Infrastructure Investment Bank (AIIB). read more
Vittorio Hernandez | Mar 14, 2015 02:25 AM EDT
Although Wang Jianlin is the chair of Dalian Wanda, the biggest property firm in China, his investments in the UK is not limited to real estate. He wants to invest US$1 billion in the country's entertainment industry. read more
Vittorio Hernandez | Mar 14, 2015 02:10 AM EDT
In the past two years, China's currency, the yuan, achieved two significant milestones. In 2013, it took the euro's place as the second-most used currency in trade finance. In December, the yuan dislodged the Canadian dollar as the fifth-most used currency for international payments. read more
Vittorio Hernandez | Mar 13, 2015 09:14 AM EDT
The U.S. Alcohol and Tobacco Tax and Trade Bureau approved on Tuesday Palcohol or powdered alcohol. The product, invented by Mark Phillips, is expected to be a game changer in the industry because it makes bringing of heavy bottles of alcoholic beverages unnecessary. read more
Vittorio Hernandez | Mar 12, 2015 11:26 PM EDT
Chinese e-commerce giant Alibaba continues its buy-in mode, and the latest firm that it has snapped up is photo messaging app Snapchat. The firm, founded by former school teacher Jack Ma in his garage, reportedly invested US$200 million in the tech company. read more
Dino Lirios | Mar 12, 2015 10:45 PM EDT
By 2019, Chinese tourists are expected to spend as much as US$264 billion per year, giving the global economy a potential boost. read more
Dino Lirios | Mar 12, 2015 10:23 PM EDT
Wall Street, the heart of the U.S. financial system, recently got the thumbs up from the Federal Reserve last Wednesday to buy back stocks and release a slew of dividend increases. read more
Dino Lirios | Mar 12, 2015 02:03 AM EDT
Patrick Pichette, Chief Financial Officer (CFO) of American multinational corporation Google, is retiring after eight years and is now on the hunt for his replacement. read more
Arlene Lim | Mar 11, 2015 01:10 PM EDT
China is set to begin the construction of a major domestic nuclear power project in the province of Liaoning, indicating the country's readiness to revive its nuclear industry, which slowed down as an effect of the Fukushima disaster in Japan. read more
Geann Pineda | Mar 11, 2015 01:32 PM EDT
Fake Apple watches are now on sale in China, a month before the original gadgets officially hit stores. read more
Vittorio Hernandez | Mar 11, 2015 03:02 AM EDT
A work stoppage has hit Stella Shoe, manufacturer of branded shoes, because of the company's alleged failure to pay housing allowance as required by Beijing. 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
