Business

PBOC Official: Bitcoin Can Co-exist With Government Money

Vittorio Hernandez   | Dec 15, 2014 12:14 AM EST

In a span of a few weeks, there were two separate pushes for the Bitcoin currency in China. One came from a former official of the People's Bank of China (PBOC) and the other from an official of an Australia-based Bitcoin business. read more

SeaWorld CEO Decides To Step Down

Riley Grant   | Dec 15, 2014 08:44 AM EST

SeaWorld Entertainment Inc. released a statement on December 11 that their CEO James Atchison is leaving the position and passed on the leadership to the company’s Chairman, David D’Alessandro beginning January 15, 2015. read more

China’s Notorious Smog Turns Away Tourists in Droves

Michael A. Katz   | Dec 14, 2014 01:05 PM EST

For each one-percent drop in good air days, the number of inbound tourists fell by about 443,550 people, according to new report. read more

China Rare Earth Producers Merge to Boost Competitiveness

Vittorio Hernandez   | Dec 14, 2014 04:36 AM EST

A World Trade Organization (WTO) ruling in March against rare earth export quotas from China has failed to reduce the Asian giant's dominance of the industry, according to Rare Earth Investing News. It currently accounts for more than 90 percent of the global supply but has little control of pricing over the commodity used for the production of high-tech gadgets. read more

China National Tobacco Corp. Makes More Cigarettes Than The Next Five Largest Tobacco Companies In The World Combined

Dan Weisman   | Dec 13, 2014 10:58 PM EST

China has a major health crisis with 365 million smokers, but one state-run Chinese company doesn't mind that number at all. The China National Tobacco Corp. has a monopoly in the China market enabling it to produce more than one-third of the world's cigarettes including more than 40 percent of all tobacco sold worldwide. read more

Nintendo's Wii U Sees Surge in Sales After 'Super Smash Bros.' Release

Cory Doyle   | Dec 13, 2014 06:13 PM EST

"This is a ringing endorsement from families and fans that Nintendo has the best variety, the best value and the best gaming experiences for sale this holiday season." read more

Tencent Expands its Mobile Gaming Platform with Aiming Partnership

Cory Doyle   | Dec 13, 2014 02:49 PM EST

Chinese gaming giant Tencent Holdings seeks to expand its offering of mobile games and has agreed to a new partnership with Japanese game developer, Aiming Inc. read more

Argentine Railway Project Funded by China Starts Construction

Nyrene Grace Patricia Paranga   | Dec 13, 2014 04:23 AM EST

China is funding the railway project, with a contract value which sums up to $2.47 billion. read more

China Inaugurates World's Largest Water Transfer Project

Nyrene Grace Patricia Paranga   | Dec 13, 2014 04:35 AM EST

China officially inaugurated the largest water diversion project in the world. read more

China's Baidu Seeks Partnership with Uber, May Invest $600 Million

Cory Doyle   | Dec 12, 2014 02:41 PM EST

Uber is valued at a total of over $40 billion while continuing to grow, and has raised 1.2 billion in funding last month alone. read more

Healthy Retail Sales Signal Recovery Of The US Economy

Vittorio Hernandez   | Dec 12, 2014 07:18 AM EST

The American love affair with shopping is seen as the booster for the U.S. economy as the country ends 2014 on a high note. read more

US Justice Department says Indian tribes can grow and sell marijuana

Staff Reporter   | Dec 12, 2014 06:51 AM EST

Indian tribes can grow and sell marijuana on their lands as long as they follow the same federal conditions laid out for states that have legalized the drug, the US Justice Department said on Thursday. read more

Chinese Firms Buy Up Major Australian Companies

Michael A. Katz   | Dec 12, 2014 07:08 AM EST

China Communications Construction International (CCCI) is buying John Holland for A$1.15 billion ($951 million), and ID Leisure International Capital has acquired cinema chain The Hoyts Group for A$900 million ($743 million). read more

Court Bans Xiaomi From Selling Phones In India

Vittorio Hernandez   | Dec 12, 2014 05:20 AM EST

An Indian court banned Chinese tech giant Xiaomi on Thursday from selling phones in the country. The High Court of Delhi also ordered the Indian customs to stop the entry of Xiaomi mobile units, tablets and other electronic devices that infringe on the patents of Swedish phone giant Ericsson. read more

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