Business

Japan's Economy Falls Beyond Estimate in Q2

Marcel Woo   | Sep 07, 2014 08:53 PM EDT

Japan's Cabinet Office has released data that showed the country's economy contracting more than what the government initially estimated in the three months through June. read more

China's Economy to Overtake U.S. as World's Largest by 2024

Marcel Woo   | Sep 07, 2014 07:29 PM EDT

Global industrial data and analysis company IHS said China is poised to overtake the United States as the world's largest economy by 2024 due to a rise in consumer spending. read more

Ecuador is on Track to Create its Own Digital Currency

Dino Lirios   | Sep 08, 2014 10:00 AM EDT

Ecuador is on track to be the first country to have its own digital currency. Distribution of the currency is aimed for December of this year. read more

South Korea Developing $264 Billion Mega-city

Dino Lirios   | Sep 08, 2014 10:00 AM EDT

South Korea is amassing US $264 billion in order to create a mega-city. read more

Tourism Summit To Encourage Partnerships Convenes At Beijing

Staff Reporter   | Sep 06, 2014 01:27 AM EDT

The 2014 World Tourism Cities Federation (WTCF) Beijing Fragrant Hills Tourism Summit began Thursday at Beijing. Dignitaries and business moguls from around the world descended upon the city to connect new business partnerships and strengthen existing ones. read more

Lego Takes the Throne as Largest Toy Company in the World

Cory Doyle   | Sep 05, 2014 06:37 PM EDT

Longtime childhood favorite Danish toy manufacturer, Lego Group, has officially surpassed Mattel Inc. as the largest toy company in the world, according to reports on Thursday. read more

Banking Giant Sumitomo Mitsui Seeks Stake in Bank of East Asia Worth $955 Million

Whitney Larkins   | Sep 05, 2014 09:20 PM EDT

Additional shares of Hong Kong-based Bank of East Asia are actively being sought out by finance mammoth Sumitomo Mitsui. There is an estimated $955 million (USD) at stake in what would become the largest investment made by Sumitomo Mitsui outside of Japan. read more

Pipeline Pressure Ease by Asia Bond Sales of $3.1 Billion

Whitney Larkins   | Sep 05, 2014 08:54 PM EDT

This week more than three billion dollars was raised by a raft of issuers in a quest to curtail the effects of weakening U.S. Treasury yields. read more

Schedule Disruptions Creating Headaches For Asia Shipping Companies

Whitney Larkins   | Sep 05, 2014 08:05 PM EDT

Frustration and anger abounded at shipping ports throughout Asia as agencies scrambled to find solutions to the ever-growing problem of disrupted shipping schedules. Shipping schedules were in disarray as logistics problems increases at ports across Asia, according to a recent study by JOC.com. The situation was out of control and could lead to anuncertain future and lost profits, sources said. read more

Chinese Anti-Trust Enforcers Pressure Companies Under Investigation to 'Admit Guilt'

Rhona Arcaya   | Sep 05, 2014 06:33 AM EDT

A group representing U.S. businesses in China claims lack of due process in investigations into companies suspected of breaking Chinese anti-monopoly laws. read more

Marijuana Business Big in the US

Ren Benavidez   | Sep 05, 2014 05:10 AM EDT

With the recent legalization of pot in 23 states, including Washington, D.C., the marijuana business is becoming big in the United States. read more

Apple Parts Supplier in China Accused of Life-Threatening Violations

Mitch de Leon   | Sep 05, 2014 02:02 AM EDT

Apple supplier in China accused of abuses read more

American Companies Don't Feel Welcome in China

Ren Benavidez   | Sep 05, 2014 04:46 AM EDT

Several American businesses are feeling less welcome in China amid two surveys revealing that Beijing may be targeting U.S. companies. read more

Boeing Increases Forecast for Aircraft Demand from China

Rhona Arcaya   | Sep 04, 2014 07:11 PM EDT

U.S. aircraft maker Boeing says rising demand for air travel from China will further boost orders for planes in the next 20 years. read more

China to Help Construct Argentina's Fourth Nuclear Power Plant

Ren Benavidez   | Sep 04, 2014 07:35 AM EDT

Buenos Aires on Wednesday announced that China will help in the construction of the fourth nuclear power plant in Argentina. read more

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