Business

Stiffer competition ahead for China’s dairy companies

Homar Murillo   | May 07, 2014 07:46 PM EDT

China's dairy companies especially those specializing in infant formula are now preparing for more intense competition from their foreign peers as a result of regulations recently issued to upgrade imported dairy products. read more

Higher anti-pollution fees result in win-win situation in Beijing

Homar Murillo   | May 07, 2014 07:35 PM EDT

The higher fees and penalties now being collected from Beijing companies not complying with the city's anti-pollution regulations have raised an additional 88 million yuan ($14 million) for the city, according to its environmental monitoring bureau. read more

Car Salesman Punished After Spreading Car Restriction Rumors In China

Acsilyn Miyazaki   | May 08, 2014 01:37 AM EDT

A car salesman was punished for spreading rumors regarding car restrictions in China, which sent the public into a panic-buying spree. read more

Alibaba Set for US IPO

Shiena Iane Bernardino   | May 07, 2014 08:43 AM EDT

Chinese e-commerce giant Alibaba Co has finally filed the necessary paperworks at the US Securities and Exchange Commission for its initial public offering (IPO) on Tuesday, paving the way for a possible largest IPO listing in the US history. read more

Economists Believe China’s Property Bubble Has Popped

Bianca Ortega   | May 07, 2014 07:42 AM EDT

Economists have announced that China's property bubble has already popped and that this could result in a slower economy unless the government intervenes and provides a way to stimulate it again. read more

Russia Writes Off 90 Percent of North Korea's Soviet-era Debt

Katie Collom   | May 06, 2014 10:34 PM EDT

Putin signs off on agreement to forgive $10 billion North Korea debt. Deal is expected to facilitate building a gas line and rail line across North Korea and into South Korea. read more

Office Depot Closing 400 Stores by 2016

Marcel Woo   | May 06, 2014 10:06 AM EDT

Office Depot, a global provider of office related products, services, and solutions, announced plans to shut down up to 400 of its stores by the end of 2016, with 150 stores scheduled to be closed this year. read more

Target CEO Leaves Post After Data Breach

Shiena Iane Bernardino   | May 06, 2014 08:23 AM EDT

Target announced that its Chief Executive Officer Gregg Steinhafel is stepping down from his post following the huge data breach that revealed the credit and debit card information of at least 40 million retail customers last year. read more

Facebook Taps Small Businesses to Raise Revenue

Marcel Woo   | May 06, 2014 05:49 AM EDT

Social media company Facebook announced plans to tap into the lucrative small business market in order to achieve its goal of increasing advertising revenue by getting more clicks on ads. read more

China Increases Africa's Credit Line To $10 Billion

Acsilyn Miyazaki   | May 06, 2014 09:15 AM EDT

China assures its commitment to the African region by reaffirming its position on investment by increasing the latter's credit line to $10 billion, bringing a total of $30 billion. read more

China's PMI Shrinks Anew

Marcel Woo   | May 05, 2014 11:46 AM EDT

China manufacturing contracted for the fourth straight month on April but economists said the decline was less severe compared to the previous months, which suggests that economic downturn in the country could be starting to ease. read more

Buffett on Coca-Cola’s executive pay: It’s ‘excessive’

Shiena Iane Bernardino   | May 06, 2014 01:05 PM EDT

Investment expert Warren Buffett explains why he chose to abstain from voting on Coca-Cola's executive pay. read more

China Bans UK Cheese Due to Hygiene Issues

Acsilyn Miyazaki   | May 04, 2014 09:07 AM EDT

China has barred the entry of all imported cheese from Britain after one UK dairy firm flunked hygiene standards tests conducted by the country's food inspectors, the British MailOnline reported on Sunday. read more

Honda to Sell 20 Car Models in China

Marcel Woo   | May 03, 2014 07:25 AM EDT

Japanese car manufacturer Honda Motors Co aims to double the number of car models it sells in China in order to capture market share from rival firms, including General Motors Co, a Japanese newspaper said on Saturday. read more

Samsung Loses Two Patent Infringement Cases Filed by Apple

Desiree Q. Sison   | May 03, 2014 05:26 AM EDT

A California court ordered Samsung to pay Apple US$119.6 for infringement of two Apple patents but cleared the South Korean company of wrongdoing in three other patent suits. read more

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