Business

China Home Prices Continue Fall On Weak Demand

Mia Lindog   | Aug 18, 2014 03:48 AM EDT

The downtrend in prices of new houses in China continued in July, with the effort of local governments to relax regulations insufficient counter the tighter mortgage lending conditions in the country, Bloomberg reported. read more

China Banks' Bad Loan Remains Low But Buffers Slip

Mia Lindog   | Aug 17, 2014 07:57 AM EDT

Chinese banks' reserves for soured loans fell to its lowest level in three years, which could slow down profits as they are forced to set aside higher levels as protection for rising bad debts. read more

China Phone Subsidy Cut Hurting Samsung and Apple But Boosting Local Carriers and Brands

Mia Lindog   | Aug 17, 2014 07:28 AM EDT

The decision of China's telecommunication regulator to curb the marketing expenses of the country's top carriers will hurt Samsung and Apple in the world's largest phone market but boost local players, reported Bloomberg. read more

Google Buys Startup JetPac

Mia Lindog   | Aug 17, 2014 03:03 AM EDT

Tech giant Google Inc disclosed on its website plans to purchase JetPac, Inc., a startup that develops travel guides using Instagram photos as reference, Reuters reported. read more

US Regulator Oks IBM-Lenovo Server Deal

Mia Lindog   | Aug 17, 2014 02:42 AM EDT

International Business Machines Corp.'s (IBM) efforts to focus on its higher margin businesses continued on Friday as it disclosed that US regulators have approved its plans to sell its low-end server business to the Lenovo Group. read more

China Continues Anti-Corruption With Audit of Local Government Land Sales

Mia Lindog   | Aug 17, 2014 03:31 AM EDT

China is looking to hold a nationwide audit of government land sales and related deals as part of President Xi Jinping's anti-corruption drive, according to a Reuters reports. read more

Target to Extend Operation Hours to Midnight

Cory Doyle   | Aug 16, 2014 07:29 PM EDT

More than half of Target stores across the U.S. are extending their operating hours to midnight in hopes of being able to appeal to the night-crowd and attract more consumers. read more

FedEx to Contest Money-Laundering Charges, Could Face Up to US$ 1.6-Billion Fine

Marcel Woo   | Aug 16, 2014 01:03 AM EDT

FedEx Corp said it will continue to defend any attacks on its integrity after saying it will plead not guilty to money-laundering charges filed in a federal court in San Francisco on Friday. read more

Inroads: Tibet's Second Railway Line Opens

David Perry   | Aug 15, 2014 01:55 PM EDT

Linking regional capital Lhasa to the eastern city of Xigaze, the second stretch of Tibet's much-lauded railway opened today. read more

Big Dogs A Big Hit In Hong Kong, But Animal Activists Disapprove

Mia Lindog   | Aug 15, 2014 05:49 AM EDT

In Hong Kong, people are showing that they are one of the top dogs by lugging big dogs around, a CNN report showed. read more

Samsung to Buy SmartThings, DC-based Home Automation Startup

Andy Vitalicio   | Aug 15, 2014 02:31 AM EDT

Samsung Electronics is poised to buy DC-based SmartThings as it joins technology heavyweights Apple Inc and Google Inc in exploring the "Internet of Things" trend. read more

Wanda Group Goes Beverly Hills 90210 With Major Trophy Property

dweisman   | Aug 15, 2014 01:53 AM EDT

Wanda Group is going all Beverly Hills 90210 with the purchase of a major Hollywood commercial real estate parcel. Known as the largest commercial property developer in China, Wanda Group plans to develop a US$1.2 billion supercenter with offices, hotels and shopping at the 9900 Wilshire Boulevard site. read more

Weibo Cuts Losses As Ad Revenues Jump On Increased Subscribers

Mia Lindog   | Aug 15, 2014 12:34 AM EDT

Weibo Corp., the online messaging subsidiary of Chinese internet firm Sina Corp., trimmed its losses in the second quarter after advertising revenues sharply rose as more users signed up for the service. read more

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