Business

Panasonic Joins Trend to Take Production Out of China

Raymond Legaspi   | Jan 09, 2015 09:13 AM EST

Japan-based appliance maker Panasonic plans to return most of its production in China to Japan beginning spring, due to higher labor costs in China and a weaker yen. read more

More U.S., Foreign Businesses Feel Unwelcome in China

Raymond Legaspi   | Jan 09, 2015 05:18 AM EST

More American, European and other foreign businesses say they feel unwelcome in China, according to recent surveys, no thanks to a swift and sweeping crackdown on so-called "monopoly pricing" and corruption that has targeted foreign companies. read more

Chinese Stocks Forecast To Rise This Year

Marcel Woo   | Jan 08, 2015 06:49 PM EST

Analysts and economists said this year is the best time to invest in the stock market as Chinese stocks are predicted to rise by 30 percent this year following last year's 53-percent surge. read more

Researchers Predict Yuan's Depreciation by 2 Percent in 2015

Marcel Woo   | Jan 08, 2015 06:30 PM EST

China's continuous economic slowdown and the recovery of the US economy will cause the Chinese currency, the yuan, to depreciate by about 2 percent this year, researchers said. read more

China Southern Airlines Execs Fall in Corruption Crackdown

Raymond Legaspi   | Jan 08, 2015 09:24 PM EST

China Southern Airlines has dismissed two more executives who are suspected of committing work-related crimes. read more

Kickstarter Projects Received $529 Million from 3.3 Million Backers in 2014

Cory Doyle   | Jan 08, 2015 04:44 PM EST

Kickstarter released its 2014 data results showing record numbers for the company. read more

China to Invest $250 Billion in Latin America Over Next 10 Years

Michael A. Katz   | Jan 08, 2015 03:31 PM EST

In the coming decade, China is targeting $500 billion in bilateral trade with Latin American, and $250 billion of direct investment into the region. read more

Apple Sells More IPhones in China Than in U.S. for the First Time

Cory Doyle   | Jan 08, 2015 02:28 PM EST

"it's just a matter of time [before China] becomes Apple's biggest revenue contributor," says Apple CEO Tim Cook. read more

Will California's Bullet Train Fly?

Jose Mario Fuderanan   | Jan 07, 2015 06:59 PM EST

It has been Gov. Jerry Brown's dream to have a high speed rail in California since he first took office three decades ago. With Tuesday's groundbreaking ceremonies in Fresno, the mega-project is finally on track. read more

Beijing Has World's Third Most Expensive Office Spaces

Marcel Woo   | Jan 06, 2015 07:36 PM EST

Beijing's Finance Street and Central Business District (CBD) are among the world's top 10 areas with the most expensive office spaces, the latest CBRE Research's biannual Global Prime Occupancy Costs survey showed. read more

Toyota Expects Growth Rate in China to Plummet

Michael A. Katz   | Jan 06, 2015 06:42 PM EST

The Japanese automaker expects its growth rate in China to be cut in half in 2015, due to a slowdown in China's auto industry, and the deceleration of the overall economy. read more

Gas Prices Forecast to Dip to $2.64 per Gallon

Vittorio Hernandez   | Jan 06, 2015 02:37 AM EST

Due to the continuous decline of crude oil prices, American motorists are expected to save US$750 per household as pump prices are forecast to average US$2.64 a gallon in 2015. read more

China to Lift Price Controls on 24 Services

Raymond Legaspi   | Jan 05, 2015 06:31 PM EST

China's National Development and Reform Commission will do away with state price controls on 24 commodities and services, the NDRC announced on Sunday. read more

Tencent Launches China's First Private Bank

Michael A. Katz   | Jan 05, 2015 02:27 PM EST

Chinese investment company Tencent opened WeBank for business on Monday, creating China's first private, and online bank read more

Americans Will Finally Have the Flat White as Starbucks Adds it to Core Menu

Dino Lirios   | Jan 05, 2015 10:09 AM EST

Beginning on Tuesday, Americans will be able to order a "flat white" at Starbucks. According to Eater, they describe the move as a bid for the coffee chain to regain credibility among the most elite coffee drinkers. read more

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