Business

US Levies Steep Duties on China-Made Solar Panels

Marcel Woo   | Jun 04, 2014 04:38 AM EDT

The US Commerce Department has imposed steep duties on solar panels and other related products from China, asserting that their manufacturers had benefited from unfair Chinese government subsidies. read more

China's Industrial Robotics Acquisition Overtakes Japan

Acsilyn Miyazaki   | Jun 03, 2014 08:27 AM EDT

China's robotics acquisition has overtaken Japan last year after it bought 36,560 industrial robots. read more

Hunan Walmart Workers Refuse to Accept Settlement Offer on Labor Dispute

Acsilyn Miyazaki   | Jun 03, 2014 02:57 AM EDT

Workers of Walmart in Hunan province rejected an out-of-court settlement of a labor dispute saying the compensation being offered made them feel disrespected. read more

China's Home Prices Drop for the First Time in Nearly Two Years

Marcel Woo   | Jun 02, 2014 11:02 AM EDT

For the first time in 23 months, prices of homes in most major Chinese cities declined in May, a proof that the country's once red-hot real estate market is slowly losing steam, a recent independent survey showed. read more

China, Malaysia Target US$160 Billion Trade Volume in 2017

Marcel Woo   | Jun 01, 2014 11:30 AM EDT

Despite the issues surrounding the missing Malaysian Airline MH370 flight that has, in a way, tainted the diplomatic relationships of China and Malaysia, the two countries signed an agreement to boost trade to US $160 billion in 2017. read more

Federal Authorities Probe Billionaire Carl Icahn, Golfer Phil Mickelson and William Walters For Insider Trading

Acsilyn Miyazaki   | May 31, 2014 02:57 PM EDT

Carl Icahn, Phil Mickelson and William Walters have been the subject of the latest crackdown of US authorities of suspected insider trading. read more

BMW Believes China Will be World’s Biggest Electric Car Market by 2019

Bianca Ortega   | May 30, 2014 03:08 PM EDT

Despite the country’s poor sales history last year, automaker BMW believes China will become the biggest electric car market in the world by 2019 because of its market size and the government’s push to solve its pollution woes. read more

Japan's Softbank set to acquire T-Mobile US?

Arthur Dominic Villasanta   | May 30, 2014 03:08 PM EDT

Deutsche Telekom will reportedly sell its 67 percent stake in T-Mobile US to Softbank. read more

Armagnac and Calvados Producers Look to Duplicate Cognac’s Success in Asia

Bianca Ortega   | May 30, 2014 07:04 AM EDT

After cognac successfully became a status symbol in China, producers of its less popular varieties Armagnac and calvados are looking to duplicate its success in Asia as local demand weakens. read more

China Prepares Second Generation to Take Over the Family Business

Staff Reporter   | May 30, 2014 03:08 PM EDT

Guangdong province in China launches a management training program to teach the wealthy second generation business application principles in preparation for inheriting the family business. read more

Bitcoin Trademarks, Domain Name Up for Sale

Marcel Woo   | May 29, 2014 04:38 AM EDT

The trademarks for the word Bitcoin in Japan and the European Union as well as the domain name bitcoins.com are now up for sale three months after the collapse of the world's largest Bitcoin trader. read more

China's 4G Market Estimated To Hit Hefty Sales Of 90 Million Devices

Acsilyn Miyazaki   | May 29, 2014 04:57 AM EDT

The 4G market in China was estimated to reach a sales of 90 million devices this year after telecoms service providers pushes to attract more customers. read more

GlaxoSmithKline Under Investigation for Unethical Commercial Practices

Christl Leong   | May 28, 2014 01:46 PM EDT

GSK announced Tuesday that Britain's fraud office has launched a formal investigation into their "commercial practices." The company is fully cooperating with local authorities and adds that it doesn't condone unethical practices such as bribery and corruption. read more

China To Scrutinize IBM Servers And Other U.S. Tech For Security Breach

Lemuel Cacho   | May 28, 2014 08:23 AM EDT

The Chinese government said it will study its domestic banks' reliance on IBM's high-end servers and find out if the servers are compromising China's financial security. read more

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