Business

McDonald's January Sales Drop, Dragged by China, Japan

Geann Pineda   | Feb 10, 2015 12:38 AM EST

McDonald's has reported a worse-than-expected drop in January sales, dragged down by its Asian restaurants. read more

Qualcomm To Pay Record US$975M Fine To China

Dino Lirios   | Feb 10, 2015 12:50 AM EST

Qualcomm Inc. announced on Monday that it agrees to pay a record US$975 million fine to China, to finally put a more than year long standoff it has had with the National Development and Reform Commission of China (NDRC), its anti-trust authority. read more

What Credit Card Perks Do the American Rich Like?

Dino Lirios   | Feb 10, 2015 05:24 AM EST

A survey done by CreditCards.com showed that 60 percent of credit card holders in the United States with investable assets of US $100,000 prefer cash back as a credit card perk while only 22% enjoyed frequent flier miles. read more

Food Scandals in China, Japan Hurt McDonald’s Global Sales

Raymond Legaspi   | Feb 09, 2015 03:08 PM EST

Scandals over 'tainted' McDonald's food served in Japan and China sent the fast-food giant's worldwide sales tumbling 1.8 percent in the first month of the year. read more

China to Cut Number of State Enterprises

Marcel Woo   | Feb 09, 2015 12:02 PM EST

China is reportedly considering cutting the number of centrally administered State-owned enterprises (SOEs) to between 50 and 60 within three years from the current 112, the Beijing-based China Times reported. read more

HSBC Allegedly Aided Holder of Undeclared Accounts Evade UK Taxes

Vittorio Hernandez   | Feb 09, 2015 10:45 AM EST

The Hong Kong & Shanghai Banking Corporation (HSBC) said on Monday that its procedures have been changed fundamentally, amid accusations that the global bank helped cheat the British Treasury millions of pounds in tax. read more

Huffington Post Goes to Australia, Next Stop - China

Geann Pineda   | Feb 09, 2015 04:57 AM EST

Huffington Post goes to Australia, making it the company's 14th stop in its continuing global expansion. read more

Made in China or Made in the U.S.?

Vittorio Hernandez   | Feb 09, 2015 03:16 AM EST

The upcoming construction of a manufacturing plant along the James River banks near Richmond, Virginia, represents the growing number of Chinese companies building production facilities in the United States that could legally claim the use of the branding tag of "Made in the U.S." read more

Chinese Firm to Buy New York's Baccarat Hotel for US$230 Million

Marcel Woo   | Feb 09, 2015 02:39 AM EST

Chinese insurers' foray into New York's property sector is in full gear as another Chinese firm announced plans to purchase New York's Baccarat Hotel for a record price of US $230 million, or about US $2 million per room. read more

How Uber is Flourishing in China Despite Government Ban

Dino Lirios   | Feb 09, 2015 12:58 AM EST

Even when the Chinese government has issued a ban on unlicensed private-car hire, Uber Technologies Inc. is still flourishing due to a crafty move by the corporation that circumvents the ban. read more

China’s January Trade Lower, Sign of Economy Weakness

Raymond Legaspi   | Feb 09, 2015 12:06 AM EST

Goods traded in and out of China in January are far fewer than expected, with imports down nearly 20 percent and exports slower by 3.3 percent, indicators of a growing weakness in China's economy. read more

Xiaomi Interested in U.S. or Hong Kong IPO

David Curry   | Feb 08, 2015 09:07 AM EST

Xiaomi is reportedly interested in an IPO either in the U.S. or Hong Kong, valuing the company at over $45 billion. read more

Land Rover and Jaguar to recall 104,000 vehicles

Geann Pineda   | Feb 08, 2015 09:05 AM EST

British car manufacturer Jaguar Land Rover is recalling 104,000 vehicles due to faulty brakes and lighting. read more

China Home to Most Robots by 2017

Raymond Legaspi   | Feb 07, 2015 07:22 AM EST

Most production robots in the world will end up in China in two years, as more automation units are used in electronics and car plants, a global industry association disclosed this week. read more

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