Business

213 Chinese Billionaires Join Forbes' Rich List

Marcel Woo   | Mar 03, 2015 06:33 AM EST

A total of 213 Chinese billionaires have joined in this year's list of the world's richest people published by the prestigious Forbes magazine. read more

China HSBC PMI Up in February But Official Factory Output Contracts

Dino Lirios   | Mar 02, 2015 09:33 AM EST

China's HSBC/Markit Purchasing Manager's Index (PMI) last month expanded to 50.7, the strongest reading since July last year, up from 49.7 in January, on increased overall new orders. read more

ECB QE Back In Limelight as Other Central Banks Adjust Rates

Dino Lirios   | Mar 02, 2015 08:59 AM EST

At the European Central Bank's (ECB) meeting in Cyprus on Thursday, investors expect the ECB to disclose more about the government bond repurchase program of 1 trillion euros ($1.1 trillion) which starts this month, as well as to unveil its decision on Greece's four month loan extension plan. read more

Former Manchester United Players Open New Hotel Football in London

Marcel Woo   | Mar 02, 2015 08:25 AM EST

From popular football players to hotel owners, this has become of a team of former Manchester United (MUFC) football players, which opened Hotel Football, a new hotel complex directly opposite Manchester's Old Trafford stadium. read more

Bank of China Becomes First Chinese Bank to Join NZ Bankers' Group

Marcel Woo   | Mar 02, 2015 05:30 AM EST

Bank of China, one of the five biggest state-owned commercial banks in China, has officially joined the New Zealand Bankers' Association through the Bank of China (New Zealand), bank officials said Monday. read more

Candidates To Succeed Warren Buffet as Berkshire’s CEO Identified

Genalyn R.Corocoto   | Mar 02, 2015 02:57 AM EST

Two executives of Berkshire Hathaway, Inc. had been identified as possible candidates to succeed billionaire Warren Buffet, the company's chief executive officer. read more

China Cuts Interest Rates To Stimulate Economy

Vittorio Hernandez   | Mar 01, 2015 08:53 AM EST

China cut for the third time in four months the key lending rate on Saturday by one-quarter of a percentage point, the same rate cut on deposit rate. read more

Alibaba Suspends Online Lottery Sales In Yet Another Tiff With Government Regulators

Vittorio Hernandez   | Mar 01, 2015 07:10 AM EST

Pressure from the Ministry of Civil Affairs and the General Administration of Sport ordered Chinese e-commerce giant Alibaba Group Holding to suspend its online lottery sales. read more

Green Groups Belittle China’s 1-Year Ivory Trade Import Ban

Vittorio Hernandez   | Feb 27, 2015 10:05 AM EST

Although China announced on Thursday that it would ban the import of ivory for one year, the independent Environmental Investigation Agency (EIA) described Beijing's move as just window dressing with little impact on slowing down the poaching of African elephants for their tusks. read more

China's Businesswomen Dominate Forbes Asia's Powerful List

Marcel Woo   | Feb 27, 2015 06:02 AM EST

Chinese businessmen have long been dominating the Asian and global business scenes for years but the latest "50 Powerful Businesswomen in Asia" list released by Forbes showed that Chinese businesswomen are also leading Asia. read more

Standard Chartered Bank Names Bill Winters New CEO

Marcel Woo   | Feb 27, 2015 05:44 AM EST

Asia-focused bank Standard Chartered announced the appointment of Bill Winters, a former JP Morgan investment bank chief, as its new Chief Executive Officer, replacing Peter Sands, the bank said in a statement. read more

South Korea Condom Shares Up After Court Abolishes Adultery Law

Geann Pineda   | Feb 27, 2015 05:18 AM EST

Shares of a South Korean condom manufacturer soared on Thursday, following the high court's decision to abolish a law criminalizing adultery. read more

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