Business

China Suffers Lowest Industrial Profit Drop in Two Years

Vittorio Hernandez   | Dec 28, 2014 09:12 AM EST

Industrial profits by Chinese firms went down to $108.85 billion or 676.12 billion yuan in November. It was down by 4.2 percent, representing the largest yearly decline since August 2012. read more

Walmart Offers Option to Spend Unused Gift Cards

Vittorio Hernandez   | Dec 27, 2014 05:51 AM EST

Walmart is introducing a novel concept that would help consumers who got gift cards use these Christmas presents rather than expire because it is in stores they don't normally patronize. read more

China Set to Overtake U.S. Economy by 2030

Marcel Woo   | Dec 26, 2014 12:54 AM EST

China's economy will continue to grow in the next 15 years to become the world's biggest by 2030, overtaking the current global leader United States. read more

Russian Minister Claims Ruble Crisis Is Over, But Inflation Rise Still Looms Ahead

Vittorio Hernandez   | Dec 26, 2014 01:40 AM EST

Russian Finance Minister Anton Silaunov told the country's Upper House of Parliament on Thursday that the country's currency crisis is over. He claimed the rouble is strengthening, reports Daily Times. read more

Economists Expect China to Cut Rates in 2015

Lui Francisco   | Dec 29, 2014 12:58 PM EST

According to a majority of economists responding to a quarterly poll by Nikkei Inc. and NQN, China's central bank will likely lower interest rates once or twice in 2015. read more

Alibaba Invested in More Than 30 Companies in 2014

Cory Doyle   | Dec 23, 2014 04:35 PM EST

Alibaba expanded its services in a number of industries while investing in 32 companies in China and abroad in 2014. read more

FCC Pauses Comcast, Time Warner Cable Merger Review Until Jan. 12

David Curry   | Dec 23, 2014 05:24 AM EST

The FCC has paused the Comcast-Time Warner Cable merger review once again, following missing documents. read more

Merger of China’s CNR, CSR Creates World’s Largest Train Maker

Vittorio Hernandez   | Dec 22, 2014 05:25 AM EST

Like two feuding families whose clan war ended with the marriage of their son and daughter, which leads to peace in a community, the forthcoming corporate marriage between CNR Corp and CSR Corp is seen as leading not only to an end of the price war. read more

China Offers To Help Russia Address Economic Crisis

Vittorio Hernandez   | Dec 22, 2014 05:25 AM EST

China and Russia are living up to their reputation as comrade-in-arms, especially now that Moscow is reeling financially from the impact of the western economic sanctions which has caused the rouble to depreciate by 45 percent since January. read more

US Gas Prices Hit 5 ½-Year Low Of US$2.47 A Gallon

Vittorio Hernandez   | Dec 22, 2014 03:33 AM EST

The continuing drop in the price of oil in the international market gave American motorists an advanced Christmas present as price of regular-grade gasoline went down to a five-and-a-half-year low of US$2.47 per gallon. read more

China Approves Imports Of GMO Syngenta Corn, Pioneer Soy

Riley Grant   | Dec 25, 2014 08:59 PM EST

Seed maker Syngenta announced earlier this week that after a five year-review, China has finally agreed to import a type of genetically modified orcganism (GMO) corn despite a number of lawsuits involving U.S. grain shipments. read more

U.S. Economy Grows 5% in Q3 2014, Strongest Rate in 10 Years

Riley Grant   | Dec 24, 2014 01:26 PM EST

The economy of the United States went into overdrive during the 3rd quarter of 2014 due to consumer and business spending relations, which the country has not experienced for the past 10 years. read more

China Invests in Energy Production in Xinjiang After Oil Discovery

Riley Grant   | Dec 23, 2014 01:41 PM EST

Investors are focused on making Xinjiang a vast source of coal, gas and oil. The region is about to become China's center of energy production, which could help the country out of its economic slump. read more

Xiaomi Raising More Than $1 Billion in Latest Round of Funding

Vittorio Hernandez   | Dec 21, 2014 05:50 AM EST

The value of Chinese phone giant went up to more than $45 billion after it raised over $1 billion from several major investment companies in its latest round of funding. read more

Biggest IPO in Asia Goes Down in Trading Debut

Riley Grant   | Dec 23, 2014 02:28 PM EST

One of the biggest mall developers in China, Dalian Wanda Commercial Properties, finished low in the trading industry after its debut on Tuesday, December 23 in Hong Kong. read more

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