Business

Bangkok Bank Increases Loan Portfolio to Chinese Corporates by 40 Percent in Next Three Years

Dino Lirios   | Feb 17, 2015 03:16 AM EST

Despite the fact that the economy of China is slowing down, a glimmer of hope has presented itself with the Bangkok Bank (China) (BBC) supporting the expansion of domestic businesses. read more

Japanese Investment in China Continues to Rise

Marcel Woo   | Feb 17, 2015 01:59 AM EST

Even as a number of Japanese companies have already shut down operations in China, the Ministry of Commerce announced that Japanese investments into the country continue to rise. read more

Fire Risk Prompts Mercedes-Benz to Recall 127,000 Cars in China

Marcel Woo   | Feb 16, 2015 10:30 AM EST

Mercedes-Benz will recall a total of 127,071 cars in China beginning 13 March due to a fire risk, China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) announced. read more

Sony CFO Impresses Investors But Tough Calls Still Abound

Dino Lirios   | Feb 16, 2015 08:55 AM EST

Sony's Chief Financial Officer Kenichiro Yoshida wins over investors with his strict program of spending cuts, downsizing and focused growth plans to revamp the Japanese company. read more

Hackers Steal US$1 Billion From European, US Banks

Marcel Woo   | Feb 16, 2015 05:55 AM EST

More than 100 banks and other financial institutions in the US, Europe and 30 other countries have lost an estimated US$1 billion to a hacking ring that operates from Russia, China and Europe, cyber security firm Kaspersky Laboratory said. read more

Choco Magnate Michele Ferrero Dies

Vittorio Hernandez   | Feb 15, 2015 11:00 AM EST

Michele Ferrero, the richest man in Italy because of his famous Ferrero Rocher chocolates and Nutella spread, died on Saturday at 89 at his home in Monaco. read more

Xiaomi Expands to US; to Sell Mobile Accessories Online

Dino Lirios   | Feb 15, 2015 09:02 AM EST

Xiaomi will soon step unto American soil to tap the vast market of the U.S. The Chinese company announced on Thursday future plans to initially sell headphones, smart wristbands and other mobile accessories online. However, it will not bring with it its signature Mi mobile phones, a Chinese favorite due to its low cost and dependence on user interaction and feedback. read more

Kraft Foods Says Goodbye to Key Officers, Posts 4th Quarter Losses

Dino Lirios   | Feb 15, 2015 07:45 AM EST

Kraft Foods Groups Inc. announced on Thursday that it will be saying goodbye to Teri List-Stoll, its Chief Financial officer, Deanie Elsner, Chief Marketing Officer and Chuck Davis, executive vice president of research and development, and quality and innovation; the first of many significant modifications the company will undergo under the leadership of John Cahil. read more

Alibaba Not in the Red, but No Red Packets for Staff on New Year

Vittorio Hernandez   | Feb 15, 2015 07:47 AM EST

Even if Chinese e-commerce giant Alibaba Holdings raised a record-breaking amount of $25 billion in its initial public offering in New York in September, for Alibaba founder Jack Ma, the company needs to yield exceptional results for him to consider giving out hongbao or red envelopes on Wednesday, the Chinese Lunar New Year. read more

USDA Approves Production of First Genetically Modified Apples

Geann Pineda   | Feb 14, 2015 05:20 AM EST

Agriculture officials had given the go signal for the first genetically modified apples to be planted in the U.S., causing debates over food safety to flare up again. read more

Unpaid Credit Card Bills in China Now US$6.2 Billion

Marcel Woo   | Feb 13, 2015 09:18 AM EST

Credit card bills that were not paid in China as of last year reached 35.8 billion Chinese yuan (about US$6.2 billion), an increase of 42 percent from a year ago, data released by the People's Bank of China (PBOC) showed. read more

Washington Raises Concern over Tight Planned Chinese Cyber Rules

Vittorio Hernandez   | Feb 13, 2015 08:58 AM EST

Washington has conveyed to Beijing its concern that China's planned cybersecurity regulations would be a major hindrance to trade between the two nations. read more

Farmville Maker Zynga to Shut Down Beijing Office

Marcel Woo   | Feb 13, 2015 02:21 AM EST

Lackluster performance and falling market value have forced Zynga Inc., the creator of the once-phenomenal Facebook game "Farmville" to shut down its Beijing office and lay of all of its 71 employees in China. read more

Korean Air Chairman's Daughter Gets 1-Year Jail Term

Vittorio Hernandez   | Feb 12, 2015 10:14 PM EST

A Korean court found Heather Cho, the daughter of Korean Air Chairman Co Yang-ho, guilty of violating air safety regulations and sentenced her to one year prison term over the on-flight "nut rage" that went viral late last year. read more

Real Time Analytics