Business

China Leads Higher Asian Shares, Euro Sags

Kizha Trovillas   | Jul 28, 2014 06:12 PM EDT

Asian stocks bounced back, with China leading after data confirmed a massive increase in profits earned by the country’s industrial firms. read more

FAW-Volkswagen Lowers Prices of Spare Parts in China

Kizha Trovillas   | Jul 27, 2014 11:25 PM EDT

FAW-Volkswagen Automotive Co Ltd. (FAW-VW) announced on Sunday that it would cut prices for its Audi AG brand's spare parts in China after Chinese government started probing foreign auto industries. read more

Apple Opens Store Number 11 in China as IPhone Sale is Booming

Gunnar Blaschke   | Jul 27, 2014 11:21 PM EDT

Apple opened its store number 11 in China in Chongqing on Saturday. Plans are to open 25 more in the future. read more

Argentina Could Face Default as July 30 Approaches

Patricia Villaceran   | Jul 26, 2014 09:32 AM EDT

Argentina has until July 30 to pay the court-demanded US$1.22 billion plus interest loan from its creditors or risk facing a default. read more

China on Agreement with Canada to Build Nuclear Reactors in Romania, Argentina

Kizha Trovillas   | Jul 26, 2014 09:29 AM EDT

Chinese nuclear companies have deals with Candu Energy Inc. to cooperate in the construction of new reactors at Cernavoda plant in Romania and Atachu plant in Argentina. read more

Divorce of Hedge Fund Billionaires Comes Into the Spotlight

Patricia Villaceran   | Jul 26, 2014 09:24 AM EDT

Hedge fund power couple Kenneth C. Griffin, 45, and Anne Dias Griffin, 43, are getting a divorce and their domestic dispute has been the highlight of the whole financial community. read more

Citigroup Unit Settles SEC Charges with US$5 Million Penalty

Rhona Arcaya   | Jul 26, 2014 02:10 AM EDT

The charges against LavaFlow Inc. stem from SEC claims that the company failed to protect confidential subscriber information. read more

Alan Greenberg, Former CEO of Bear Stearns, Dead at 86

Kizha Trovillas   | Jul 26, 2014 12:29 AM EDT

Alan “Ace” Greenberg, the former chairman and chief executive officer of the collapsed global investment bank Bear Stearns, died on Friday at the age 86 due to cancer complications. read more

Bose Sues Beats for Patent Infringement

Nikki Alfonso   | Jul 26, 2014 12:57 AM EDT

American audio equipment firm Bose Corporation has filed a lawsuit against high-end headphone company Beats Electronics for allegedly illegally using Bose's noise-cancelling technology. read more

Japan To Buy Meat from Thailand in midst of China Spoiled Meat Scandal

Anjalee   | Jul 25, 2014 01:44 PM EDT

Japan announced its solution to China's spoiled meat scandal Friday, after halting imports of expired chicken supplies from Shanghai. read more

U.S. Sets Up $10B Fund for Rural Infrastructure

Jaswin Singh   | Jul 25, 2014 09:03 AM EDT

Agriculture Secretary Tom Vilsack and CoBank CEO Robert Engel declare they are financing $10 billion for rural infrastructure projects all over the country. read more

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