Business

China, U.S. Reach Historic Deal To End Tech Tariffs

Christian George Acevedo   | Nov 12, 2014 09:52 AM EST

The U.S. and China have come into terms and agreed to scrap tariffs in high-tech gadgets and electronic products traded globally. read more

Yahoo Buys BrightRoll For $640 Million

Sydney Bonner   | Nov 12, 2014 01:37 AM EST

Yahoo has bought advertising platform BrightRoll for $640 million, making BrightRoll the second most expensive acquisitions behind Tumblr, which the company bought for $1 billion last year. read more

Shanghai Stock Market Now Open To Investors All Over the World

Sydney Bonner   | Nov 12, 2014 12:27 AM EST

The Shanghai Stock Exchange, the fifth largest in the world, has not performed very well in the past couple of years. This is partly caused by the government where they call the shots on which companies can list their shares. read more

Target's Black Friday Doorbuster Deals Include 40" 1080p HDTV for $119

Cory Doyle   | Nov 11, 2014 06:17 PM EST

Target has officially unveiled some "doorbuster" deals for Black Friday. read more

Sales of Activision's 'Call of Duty: Advanced Warfare' Outpacing 'Ghosts'

Cory Doyle   | Nov 11, 2014 03:16 PM EST

According to a report by gaming publisher Activision, "Call of Duty: Advanced Warfare" is outpacing sales of the previous installment "Call of Duty: Ghosts." But is the comparison fair? read more

China's Singles' Day Shopping Event Generates $9.3 Billion in Sales Shattering Previous Records

Cory Doyle   | Nov 11, 2014 02:46 PM EST

China's Singles' Day has shattered previous records as consumers spent a total of $9.3 billion in the 24-hour period. read more

China Bypasses Philippines in Proposed Maritime Silk Road

Vittorio Hernandez   | Nov 11, 2014 03:12 AM EST

Philippine-Chinese trade goes a long way back, several centuries before the two Asian neighbors engaged in its ongoing territorial dispute. With the Philippines' elevation of the issue to a United Nations arbitration panel in The Netherlands, China opted to flex its economic muscles to make its sentiments known to Manila by excluding the Philippines in the proposed Maritime Silk Road. read more

Chinese Singles Day Celebration Makes Black Friday and Cyber Monday Pale in Comparison

Vittorio Hernandez   | Nov 11, 2014 12:41 AM EST

China's Alibaba Group (NYSE: BABA) appears to be happily counting its way to the bank since first-hour sales of its Singles Day celebration reached a record $2 billion worth of merchandise sold by the e-commerce giant. That means the company founded for ex-school teacher Jack Ma would likely exceed the $5.8 billion sales record it logged on Nov. 11, 2013. read more

Alibaba-Owned Dating App Momo Files for $300 Million U.S. IPO

Michael A. Katz   | Nov 10, 2014 06:35 PM EST

The company filed its IPO intent with the U.S. Securities and Exchange Commission (SEC), putting the company's estimated at approximately $3 billion. The company will trade under the ticker symbol MOMO. read more

China Inflation Lowest in Nearly Five Years, Far Short of Targets; PPI Drops For 32nd Straight Month

Michael A. Katz   | Nov 10, 2014 04:06 PM EST

The relatively low consumer and producer price levels indicate soft domestic demand, falling commodity prices, weak manufacturing activity and lingering overcapacity in the Chinese economy. read more

China's 'Singles Day' Shopping Event Reaches $2 Billion in Sales in First Hour

Cory Doyle   | Nov 10, 2014 02:42 PM EST

Singles' Day, not only China's biggest shopping day but also the biggest online shopping frenzy across the globe, has already reported over US$2 billion worth of sales in only its first hour. read more

Volvo To Manufacture Popular SUV In China In 2015

Vittorio Hernandez   | Nov 10, 2014 02:46 AM EST

Swedish luxury vehicle maker Volvo Car will start the production of its popular XC60 crossover model in China in early 2015. read more

Sapphire Supplier GT Advanced Calls Apple "a Bully"

David Curry   | Nov 09, 2014 10:01 AM EST

In the continuing case of Apple blocking evidence and claims made by GT Advanced Technologies, new reports claim Apple was “a bully” in the relationship between the two companies. read more

China and Canada Sign Pact on Reciprocal Currency

Dean M. Bernardo   | Nov 08, 2014 08:19 PM EST

China and Canada have enacted a historic economic pact paving the way for reciprocal currency agreement and allowing the direct exchange of the Chinese yuan and the Canadian dollar. read more

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