Business

Tencent Tops Alibaba, China Mobile As China’s Most Valuable Brand

Marcel Woo   | Feb 02, 2015 06:16 AM EST

For the first time since 2010, a private company has topped the list of China’s most valuable brands… and it’s not Alibaba. read more

China under Pressure to also Go into QE Following Dip in PMI

Vittorio Hernandez   | Feb 02, 2015 06:03 AM EST

The once red-hot economy of China may need to follow the example of western nations and introduce Quantitative Easing (QE) as monetary policy. read more

President Obama to Revamp U.S. Corporate Tax

Dino Lirios   | Feb 02, 2015 04:29 AM EST

U.S. President Barack Obama plans to impose a minimum of 19 percent tax on US-based companies' future overseas earnings to add to government revenues. read more

Asian Investors Worry Over Chinese Growth Prospects

Dino Lirios   | Feb 02, 2015 05:07 AM EST

Asian markets begin the week with their heads down on disappointing Chinese data released over the weekend. read more

Two Million U.S. Vehicles Recalled Over New Air Bag Defect

Raymond Legaspi   | Feb 01, 2015 11:19 PM EST

Federal safety regulators ordered three major carmakers to recall more than two million vehicles with defective air bags that deploy even when there is no crash. read more

China’s Manufacturing PMI Shrinks to 2-Year Low in January

Vittorio Hernandez   | Feb 01, 2015 08:22 AM EST

The economy of China continues its contraction. One measure of the slower growth is its Purchasing Managers' Index (PMI) dipped to 49.8 in January from 50.1 in December. China's National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing in Beijing released the data on Sunday. read more

Google Falls Short of Income Targets Again; Shares Tumble

Raymond Legaspi   | Jan 31, 2015 06:31 AM EST

Internet search giant Google again came up short of analysts' earnings forecast, irking shareholders who believe the company would turn in bigger profits if it did not splurge on far-out ventures like online glasses and driverless vehicles. read more

Ruptured Takata Air Bag Killed Texas Driver: Honda

Raymond Legaspi   | Jan 31, 2015 05:00 AM EST

Japan's Honda Motor confirmed on Friday that a driver in Texas was killed when his car's Takata air bag inflator ruptured in a January 18 crash. read more

Alibaba Vindicated as China Regulator Retracts Report on Fake Goods

Vittorio Hernandez   | Jan 31, 2015 04:30 AM EST

China's State Administration for Industry and Commerce (SAIC) has blinked in its war with Alibaba Group Holdings, which it accused of failing to combat the proliferation of counterfeit products on its website. read more

Mexico Stops Chinese Mega-mall Project Over Damage to Environment

Geann Pineda   | Jan 30, 2015 06:58 AM EST

Mexico has shut down the construction of a Chinese mega-mall project in Cancun after it allegedly caused damage to the environment. read more

China's Next Big Challenge: From Imitators to Innovators

Dino Lirios   | Jan 29, 2015 10:47 PM EST

While China's economy is on the rise, the next great challenge that the country has to address is the inevitable move from being mere imitators to innovators. read more

McDonald’s New CEO Appointment Boosts Fast Food Chain’s Shareprice

Vittorio Hernandez   | Jan 29, 2015 11:45 AM EST

News of the appointment of McDonald's Chief Brand Officer Steve Easterbrook as CEO excited the stock market, boosting the fast food chain's shareprice by 3 percent in pre-market trading. read more

Alibaba vs. China Commerce Regulator: Who Will Emerge Winner?

Vittorio Hernandez   | Jan 29, 2015 11:53 AM EST

There is a brewing battle between Chinese e-commerce giant Alibaba and the national regulator, the State Administration of Industry and Commerce (SAIC), over counterfeit goods sold in the New York publicly listed company. read more

Microsoft's Xbox Makes a Comeback Outselling Sony's PlayStation in Q4 of 2014

Cory Doyle   | Jan 29, 2015 11:01 AM EST

Microsoft was able to offload 6.6 million Xbox consoles in its final 2014 quarter, 2.5 million more PlayStation 4s than Sony sold during the same time period. read more

Police Shut Down Fake Bank in China, 200 Depositors Duped

Geann Pineda   | Jan 29, 2015 12:53 AM EST

Police had shut down a fake bank located in the eastern city of Nanjing read more

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