Business

Malaysian Airlines Announces US$ 435 Million State Take Over

Marcel Woo   | Aug 08, 2014 02:28 AM EDT

The publicly-listed troubled Malaysian Airline will go private after Malaysia's state investment fund takes over the national carrier for MYR 1.5 billion (US$ 435.73 million) as part of the efforts to overhaul the company. read more

China's July Trade Surplus Hits Record High

Marcel Woo   | Aug 08, 2014 12:58 AM EDT

China's trade surplus expanded to US$47.3 billion in July from USD31.6 billion in June, a record high, as export growth unexpectedly accelerated and imports dropped, the General Administration of Customs said in a statement on Friday. read more

Girl Becomes CEO at Thirteen and Celebrates Her Success Ten Years Later

Tara Scott   | Aug 07, 2014 05:36 PM EDT

After starting her own company at age thirteen, Jasmine Lawrence has a company worth 2 million dollars. read more

New Zealand Starts Campaign To Encourage Chinese-Australian Tourism

dweisman   | Aug 08, 2014 10:02 AM EDT

New Zealand starts campaign to encourage Chinese-Australian tourism. read more

Chinese Stocks Reports Most Fall in Six Weeks

Patricia Villaceran   | Aug 07, 2014 08:01 PM EDT

China's stock market experienced its biggest decline in six weeks. read more

Time Warner Improves Earnings But Shares Go Steady

Patricia Villaceran   | Aug 07, 2014 08:01 PM EDT

Time Warner reported improved quarterly earnings Wednesday with shares lagging from estimates. read more

Small Start-Ups Seize Open Marijuana Market While Big Corporations Hold Back

Patricia Villaceran   | Aug 07, 2014 06:52 AM EDT

Small start-up businesses in the United States started taking advantage of the hype brought about by the legalization of marijuana in some states. read more

Bank of America, Department of Justice Reach Biggest Settlement in US History

Patricia Villaceran   | Aug 07, 2014 07:02 AM EDT

The Bank of America and the Department of Justice finally agreed to settle after lowballing offers for months. read more

Samsung To Do Less Business With Chinese Supplier After Child Labor Issues Surface

Ren Benavidez   | Aug 07, 2014 03:34 AM EDT

Samsung Electronics said it will make fewer orders with its China-based supplier after finding out the supplier employed child workers. read more

Sweden Faces Largest Forest Fire In History, Forest Owners Gird For Loss

Patricia Villaceran   | Aug 07, 2014 03:26 AM EDT

Sweden experienced the largest blazing forest fire in their history. This incident forces forest owners to start preparing to face the massive losses caused by the blaze. read more

McDonald's 60-Second Drive-Thru Run Through

Nikki Alfonso   | Aug 07, 2014 03:35 AM EDT

McDonald's wants to make fast food even faster. The fast food chain is currently doing trial runs of a new drive-thru program, which aims to serve you your order in 60 seconds or less. read more

Hong Kong Tops List of Cities With The Most Multimillionaires

Staff Reporter   | Aug 06, 2014 11:06 PM EDT

A study compiled by New World Wealth indicated that nearly half of the total individual wealth in Hong Kong was from millionaires. It is reported that there are over 15,000 multimillionaires in Hong Kong, the highest than any other city around the globe. read more

Government Officials Raid Automakers In Shanghai

Staff Reporter   | Aug 06, 2014 11:55 PM EDT

Shanghai government officials raided the corporate offices of Daimler AG's Mercedes-Benz automaker. The raids are on the heels of the accusation against Daimler for allegedly inflating the price for parts, in order to increase revenue. read more

US farmers lose billions of dollars as China prohibits GMO corn imports

dweisman   | Aug 07, 2014 03:39 AM EDT

US farmers lose billions of dollars as China prohibits GMO corn imports read more

Chrysler, Audi to Be Punished By Chinese Government for Alleged Monopoly Activities

Staff Reporter   | Aug 07, 2014 12:01 AM EDT

Automakers in China may soon face 10 percent revenue penalties by the Chinese government, in an effort to reduce and eliminate anti-monopoly activities. A spokesman for the National Development and Reform Commission (NDRC) insisted on Wednesday that an ongoing investigation into Fiat and Volkswagen, which own Crysler and Volkswagen respectively. read more

Real Time Analytics