Business

Shanghai Composite Index Jumps 4.3% On Thursday, Biggest One-Day Gain Since 2012

Staff Reporter   | Dec 05, 2014 05:03 AM EST

Market experts attribute the return of retail investors to the largest one-day gain of 4.3 percent registered on Thursday at the Shanghai Stock Exchange as the Index closed at 2,899.46. read more

Consumer Watchdog Ranks '10 Worst Toys' Of Holiday Season

Dan Weisman   | Dec 05, 2014 08:35 AM EST

'Tis the season for giving holiday toys to kids and 'tis the season to avoid these top-10 worst toys, as listed by the World Against Toys Causing Harm (W.A.T.C.H.) consumer watchdog group. read more

Xiaomi, Chinese Firms Invest $40 million in Misfit Wearables

Sami Ghanmi   | Dec 03, 2014 08:00 AM EST

Sonny Vu, CEO and co-founder of Misfit, said the latest investment by the Chinese companies will help Misfit expand its reach into mainland China. read more

China Likely to Trim Economic Growth Targets for 2015

Marcel Woo   | Dec 02, 2014 06:19 PM EST

Economists closely monitoring China's gross domestic products (GDP), a measure of the economic health of the country, said the central government will likely cut its growth projections for 2015. read more

Boston Cab Drivers Flock to Uber Hearing

Carlene Vision   | Dec 02, 2014 01:01 PM EST

Local cab drivers gathered in front of the Boston's City Hall to attend a public hearing to discuss the regulation of ride-sharing services like LYFT and Uber. read more

Cyber Month Is Cyber Monday’s New Name?

Carlene Vision   | Dec 02, 2014 09:17 AM EST

The decline in this year's Cyber Monday deals might have paved the way for retailers to extend the celebrated sale day into a month-long festivity. Indeed, Cyber Monday is now being dubbed as Cyber Month. read more

China to Rebid on Mexico High-Speed Rail Project

Michael A. Katz   | Dec 01, 2014 04:32 PM EST

After having it's winning bid revoked, a Chinese-led consortium is planning on bidding again for a $3.75 billion contract to build a high-speed rail link in Mexico. read more

China Tobacco Monopoly Questions Anti-Smoking Laws

Michael A. Katz   | Dec 02, 2014 02:35 PM EST

China's State Tobacco Monopoly Administration has dissented against it's own government's new law banning public smoking and greatly restricting tobacco advertising. read more

Shoppers Still Excited For Cyber Monday After Long Holiday Weekend

Carlene Vision   | Dec 01, 2014 04:54 PM EST

Americans are still up for another day of shopping this Cyber Monday despite the already long Black Friday weekend. Many are still expected to hit online shopping stores as a continuation of the country's holiday sale. read more

Mooney Aviation to Make Diesel M10 Jets in China, Ideal for Pilot Training Due to Cheaper Fuel

Vittorio Hernandez   | Nov 29, 2014 06:18 AM EST

Mooney Aviation Company, purchased in 2013 by a Chinese real estate company, will soon produce the M10 in China. The jet would be fueled by diesel, cheaper than aviation gas, making it an ideal trainer aircraft as China fills in the growing need for Chinese pilots. read more

China is Now World’s 2nd Largest Stock Market

Vittorio Hernandez   | Nov 29, 2014 03:17 AM EST

In 2010, China became the world's second-largest economy by dislodging Japan. Before 2014 ended, China repeated the feat by again overtaking Japan as the second-largest stock market in the world after the U.S. read more

Up to 90% Discount on Marijuana at Colorado’s Green Friday

Vittorio Hernandez   | Nov 28, 2014 11:35 PM EST

The national shopping day right after Thanksgiving took a different color in Colorado as retailers dubbed it Green Friday instead of the traditional Black Friday. While regular department stores in the state still sold heavily discounted clothes, gadgets, household appliances and other consumer items, weed dispensaries joined the fun by offering hefty price cuts on marijuana. read more

Best Buy Website Crashes Twice Due to Black Friday Sales

Vittorio Hernandez   | Nov 28, 2014 11:27 PM EST

The crowds may have been thinner in bricks and mortar stores in the U.S. for Black Friday sales, but online sales were booming, causing the website of Best Buy to crash twice on Friday. read more

Modernization Of Global Trade Under Bali Agreement To Save WTO Members $1 Trillion Yearly

Vittorio Hernandez   | Nov 28, 2014 04:10 AM EST

By streamlining and harmonizing customs procedures, members of the World Trade Organization (WTO) are expected to save over $1 trillion yearly under the Bali Agreement reached on Thursday. Also called the Trade Facilitation Agreement (TFA), the deal is expected to create 21 million jobs resulting from cuts in transaction costs and easing of customs rules. read more

Shoppers Hit Stores On Thanksgiving To Avoid Rush On Black Friday

Carlene Vision   | Nov 28, 2014 03:39 AM EST

Instead of feeling the holiday's warmth within the comfort of their own homes during Thanksgiving, thousands of people chose to stand in long queues and some to camp outside their favorite department stores in anticipation of the season's exceptional display of America's finest goods and products. read more

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