Business

Angry Passengers Spend Half Day Inside Etihad Jet Waiting for Fog at Abu Dhabi Airport to Clear

Vittorio Hernandez   | Jan 05, 2015 10:18 AM EST

Passengers of Etihad Airways Flight 183 in Abu Dhabi bound for San Francisco doubled the 12 hours it usually takes to fly that route on Saturday to 24 hours. read more

The Most Expensive Tuna Ever in 2015 Fetches US$37,500

Vittorio Hernandez   | Jan 05, 2015 04:40 AM EST

The first auction for 2015 at Tokyo's fish market established on Monday a record-breaking price of US$37,500 (4.5 million yen) for a 180-kilogram (400-pound) Pacific bluefin tuna. read more

NY hedge fund founder killed, son sought

Jose Mario Fuderanan   | Jan 05, 2015 03:16 AM EST

Police are looking for the son of 70-year-old Thomas Gilbert Sr., founder of the $200 million-worth Wainscott Capital Partners, as a person of interest in the shooting death of his father on Sunday. read more

Alibaba's Jack Ma is Top Earner in 2014

Jose Mario Fuderanan   | Jan 04, 2015 08:34 AM EST

The world's super rich just got richer with China's Jack Ma, co-founder of the e-commerce company Alibaba, earning the most in 2014, even as concerns grow about rising global social inequality. read more

Beer Price Likely to Stay Despite Bad Barley Crop Last Year

Vittorio Hernandez   | Jan 04, 2015 05:10 AM EST

Even if planters consider 2014 the worst year for the production of malt in the U.S., beer makers said prices of the drink would likely not go up. read more

Losing The Lovin' Feeling? McDonald's Woos Back

Jose Mario Fuderanan   | Jan 03, 2015 12:04 AM EST

McDonald's might as well turn its golden arches into the shape of a great, big heart as the giant fast food chain embarks on a new "love" strategy to counter slumping sales. read more

While Gas Is US$2.26 a Gallon, Diesel Remains at Almost US$1 Higher

Vittorio Hernandez   | Jan 01, 2015 05:00 AM EST

Users of gasoline are celebrating the New Year with gas prices continuing to go down as pump prices are now averaging below US$2 a gallon in some states. However, the same can't be said for diesel users as its price remains at almost US$1 higher. read more

China’s Monthly Business Activity Barely Above Contraction

Vittorio Hernandez   | Jan 01, 2015 04:08 AM EST

The Purchasing Managers' Index (PMI) in China dipped to 50.1 in December, down 0.2 from November' 50.3. It is barely above the benchmark 50 points, which is what separates expansion from contraction, and it is the lowest PMI level for 2014. read more

U.S., Chinese Stock Markets Have Banner Year in 2014

Vittorio Hernandez   | Jan 01, 2015 04:34 AM EST

While the drastic drop in oil prices caused many stock markets to end 2014 on a bear run, the story was different for the U.S. and Chinese bourses which ended up on top as the year closed. read more

Uber, Lyft Warn Of Costlier Rides For New Year’s Eve

Vittorio Hernandez   | Jan 01, 2015 02:43 AM EST

Citing the law of supply and demand, Uber Technologies and Lyft warned commuters on Wednesday to anticipate more expensive rides for New Year's Eve as people go out to celebrate the change of year and millions would need a ride before and after the revelry. read more

India Inc seeks curbs on Chinese imports, cheaper capital, tweak in duty structure

Raymond Legaspi   | Dec 30, 2014 08:37 PM EST

Indian industries seek a limit on imports from China and a string of other measures to give local manufacturers a chance against a tidal wave of cheap Chinese imports. read more

Near-Bankrupt Chinese Factories Kept Open To Save Face

Vittorio Hernandez   | Dec 29, 2014 08:44 AM EST

As part of local governments' massaging of statistical data in their respective jurisdictions, factories that are almost bankrupt are kept open up to its last breath for the city or town to have good employment and tax revenue data. read more

Germany's Leading Banker Says Europe's Economy Is Not Bad

Lui Francisco   | Dec 30, 2014 02:33 AM EST

Germany's Bundesbank president said on December 28 that Europe's current financial situation is not so bad and Germany, who still holds the title of being Europe's biggest economy, is likely to face a good year this coming 2015. read more

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