Desiree Sison | Jul 17, 2014 05:29 AM EDT
German automaker BMW has recalled 1.6 million vehicles worldwide for faulty airbags read more
Marcel Woo | Jul 16, 2014 08:26 PM EDT
China's steady economic growth seemed to have benefitted Chinese people as the National Bureau of Statistics (NBS) revealed that average incomes of residents in the country continued to increase in the first six months of this year. read more
Marcel Woo | Jul 16, 2014 07:16 PM EDT
The new development bank set up by the emerging-market bloc of BRICS (Brazil, Russia, India, China and South America) is not going against the existing western-backed International Monetary Fund (IMF), said Brazilian President Dilma Rousseff. read more
Rhona Arcaya | Jul 16, 2014 07:19 PM EDT
In an attempt to keep pace with international competition, Mideast food chains are going global. read more
Marcel Woo | Jul 16, 2014 02:32 AM EDT
merica's leading candy and chocolates producer Hershey Co announced an overall 8 percent price increase for its chocolates. read more
Marcel Woo | Jul 15, 2014 11:30 PM EDT
Microsoft Corp is set to unveil the biggest round of job cuts in five years, possibly topping the 5,800 jobs cut in 2009, in an announcement this week, two reliable sources revealed. read more
Staff Reporter | Jul 15, 2014 11:35 AM EDT
China's StarTimes Media is setting up its Africa headquarters in Kenya, in a sign of approval of Nairobi's economic policies. read more
Marcel Woo | Jul 15, 2014 05:11 AM EDT
The National Energy Board of China said total electricity consumption in the country reached 2.6276 trillion kilowatts in the first six months of this year. read more
Marcel Woo | Jul 15, 2014 04:29 AM EDT
Japan's central bank, Bank of Japan (BOJ), announced during its regular news conference on Tuesday that it will maintain its vast stimulus program and hold on to its forecast that the country's inflation will hit the 2 percent target in 2015. read more
Marcel Woo | Jul 15, 2014 04:05 AM EDT
American multinational media firm 21st Century Fox has exited China's movie studio and distributor Bona Film Group by selling its entire 19 percent stake for over US$70 million. read more
Marcel Woo | Jul 15, 2014 02:33 AM EDT
The US Attorney General announced that Citigroup has agreed to pay USD7 billion to settle a federal inquiry for its role in the sale of risky mortgage-based securities that led to the financial crisis and vowed to provide financing of up to US$180 million to build affordable rental housing. read more
Desiree Sison | Jul 15, 2014 02:00 AM EDT
Alibaba has teamed up with Lionsgate to offer TV and movie streaming service for china read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more