Business

Amazon Cuts China Out of the Global Launch of Prime Video

S. Rina   | Dec 15, 2016 09:27 PM EST

Amazon.com Inc. announced the launch of its on-demand video service, Prime Video. The company covered almost all the countries around the globe, except China. With this announcement, Amazon has presented its biggest ever challenge to Netflix. read more

Japan Poised to Overtake China as Biggest US Creditor

mwaniki wanjiku   | Dec 16, 2016 03:24 AM EST

This is due to the Chinese Central Bank dipping into its foreign exchange reserves to support the Yuan read more

US Panel Approves Chinese Takeover of Chicago Stock Exchange

Girish Shetti   | Dec 16, 2016 01:10 AM EST

China's investment firm Chongqing Casin Enterprise Group cleared off a key hurdle in its bid to takeover one of America's oldest stock exchanges, after an important U.S panel gave green signal to the deal despite security concerns raised by several Congress members last month. read more

China’s Loan Sector Records Greatest Results for 2016 in November

Steve M.C.   | Dec 15, 2016 03:34 AM EST

The banking sector hit a whole new high for the entire year in the month of November after it recorded positive turnouts in the loan as well as financing sectors. read more

China's Sinopec Mulls Takeover of Iraq's Gulf Keystone Petroleum

Girish Shetti   | Dec 14, 2016 04:46 AM EST

China's state owned oil company Sinopec is mulling over the proposal to acquire Gulf Keystone Petroleum Ltd, an oil refining company based in the Kurdistan region of war torn Iraq, Bloomberg reported. read more

Alibaba, Thailand Sign E-Commerce Training Agreement

Ellie Froilan   | Dec 14, 2016 12:10 AM EST

Alibaba and the government of Thailand have signed a deal that will speed up the e-commerce development in the country. read more

China Stock Market Touches Six Months Low Amidst Property Concerns

S. Rina   | Dec 13, 2016 08:17 AM EST

Chinese stock market slumped as various concerns weighed the scrips down. In Tuesday's trading session, the stocks failed to recover despite encouraging industrial and retail sales data. The stock markets are also subdued over concerns about upcoming Fed meeting, which is likely to result in hike in interest rates. read more

Bill Gates Launches Breakthrough Energy Ventures with $1B Fund for Clean Energy

Theena Ocay   | Dec 13, 2016 08:09 AM EST

Bill Gates launched the Breakthrough Energy Ventures on Monday, a $1 billion fund to invest in clean energy. read more

Wanda Boss is Worried About the Growth of Protectionalism in the US

mwaniki wanjiku   | Dec 11, 2016 05:42 PM EST

China's Wanda group chairman Wang Jialin has voiced his concerns over the growth of protectionism policies in the United States. read more

Tag Heuer Offsets Downturn as It Expands Further in China

Girish Shetti   | Dec 11, 2016 09:01 AM EST

Swiss-based luxury watch brand Tag Heuer has successfully overridden the adverse effects of economic recession in China, with the company's CEO believing that the brand sill has more room to grow. read more

Paris Cinema Chain Opens Virtual Reality Complex

Phenny Lynn Palec   | Dec 11, 2016 08:38 AM EST

A movie theater chain based in Paris, France, is giving interested users a chance to experience virtual reality without the need to shell out the cash. read more

Gina Rinehart, Shanghai CRED to Jointly Purchase Kidman Farm

Steve M.C.   | Dec 09, 2016 08:32 PM EST

After a long fought battle over ownership of S. Kidman and Co. Ltd, Australian billionaire Gina Rinehart, and her Chinese business associate were on Friday given the go ahead by the Australian government to purchase the farm. read more

1MDB Denies Asking for China’s Help to Solve Dispute

S. Rina   | Dec 09, 2016 07:57 AM EST

1MDB has refuted a Financial Times report suggesting that China would be involved in the company's multi-billion-dollar legal dispute. The chairman of 1MDB said that there is no discussion going on with China over the repayments to the International Petroleum Investment Company (IPIC). read more

Chines Firm Buys British pub Where President Xi and Former PM Cameron had a Pint

S. Rina   | Dec 09, 2016 07:33 AM EST

Chinese investment consortium SinoFortone has bought The Plough at Cadsden. The pub, located in Buckinghamshire, hosted Chinese President Xi Jinping and former UK Prime Minister David Cameron in October 2015. The financial terms of the deal were not announced. read more

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