Business

Beijing to Kick Out 300 Companies to Address Pollution

Marcel Woo   | May 19, 2014 08:00 AM EDT

After moving 288 enterprises out of the capital last year, Beijing said it will again move 300 companies that have contributed heavily to the city's pollution problem this year and speed up industrial reform. read more

China Seeks to Soften Blow from Home-Price Growth Slowdown

Bianca Ortega   | May 19, 2014 06:40 AM EDT

China is addressing its housing price problem at a local level to avoid triggering a sudden slowdown that will affect the economy or prevent a sudden spike in home prices. read more

China to Begin Selling Western-Style Bonds

Shiena Iane Bernardino   | May 19, 2014 11:56 AM EDT

Bonds will begin selling in local levels in China. read more

Chinese Man Pays For New Car With Yuan Coins Weighing 5 Tons

Arthur Dominic Villasanta   | May 17, 2014 02:36 PM EDT

A Chinese man with a strange sense of humor pulls off a stunt worthy of the record books read more

Wall St. Drops For Second Straight Day; Small Caps Fall Anew

Shiena Iane Bernardino   | May 16, 2014 06:41 PM EDT

Small caps and Wal-Mart affects the market performance. read more

Chinese Official Says Half of Chateau Lafite In China Is Fake

Acsilyn Miyazaki   | May 15, 2014 01:09 PM EDT

A Chinese official said that about half or more of all the Chateau Lafite wines sold in China are counterfeit. read more

Malaysia Airlines First Quarter Loss Hits 59 Percent

Acsilyn Miyazaki   | May 15, 2014 11:34 AM EDT

The first quarter loss of Malaysia Airlines hit 59 percent following the mysterious disappearance of flight MH370 and different aviation costs. read more

British Former GSK Exec Charged in China Bribery Probe

Bianca Ortega   | May 14, 2014 09:41 AM EDT

Chinese police had charged Mark Reilly, the former head of British drugmaker GlaxoSmithKline (GSK) China and two other Chinese colleagues with corruption in an ongoing bribery probe that involved doctors and hospitals in the country. read more

Alibaba Offers Exporters Subsidies to Boost OneTouch Revenue

Bianca Ortega   | May 14, 2014 01:11 AM EDT

China's e-commerce giant Alibaba.com will start offering subsidies to Chinese suppliers to boost the revenue of its Shenzhen-based foreign trade unit OneTouch. read more

Banned in China, Facebook Mulls Opening Beijing Sales Office

Bianca Ortega   | May 13, 2014 10:16 AM EDT

Facebook Inc. announced that it may open a sales office in China to support local advertisers who use the social network as a bridge to their international clients. read more

Source: AT&T And DirecTV In Advanced Talks For An Acquisition Deal

Acsilyn Miyazaki   | May 13, 2014 02:58 AM EDT

AT&T and satellite TV provider DirecTV has been in advanced talks over an acquisition deal valued $50 billion. read more

Alibaba Cloud Computing Unit Aliyun to Open Data Center in Hong Kong

Bianca Ortega   | May 12, 2014 12:01 PM EDT

Aliyun (AliCloud), the cloud computing unit of Hangzhou, China-based e-commerce giant Alibaba Group, is set to open its first Hong Kong data center on May 12 as part of its international expansion efforts. read more

China-led Asia Bank Project Shuns Japan, India

Bianca Ortega   | May 12, 2014 01:20 PM EDT

The China-led project, $50-billion Asian Infrastructure Investment Bank, which is designed to compete with Manila’s multilateral regional lender ADB, had left out Japan and India as participants. read more

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