12/22/2024 06:52:33 pm
12/22/2024 06:52:33 pm
S. Rina | Nov 08, 2016 10:41 PM EST
China adjusted its yuan exchange rate upward against dollar this Monday. However, the weaker currency has been accompanied by unexpected fall in exports. The country's exports have fallen 7.3 percent in the past year. Its imports are also low on the year over year basis. read more
Girish Shetti | Nov 09, 2016 10:15 AM EST
With global demand showing no signs of improvement, China's export and import continued its freefall in the month of October. However, the drop was not as steep as in September. read more
Charissa Echavez | Nov 07, 2016 09:34 PM EST
Ford Motor Co. and its joint ventures achieved a record October sales of 107,618 vehicles, up 13.6 percent year on year. read more
S. Rina | Nov 08, 2016 08:22 AM EST
The US Commerce Department may start a formal investigation concerning Chinese steel imported into the United States. The step seems to be taken in response to a warning issued by four major steel producing firms in the United States. The main issue relates to the steel imports routed through Vietnam. read more
S. Rina | Nov 08, 2016 08:06 AM EST
The Chinese electric car segment received a boost as Singulato is believed to have raised $600 million in its second round funding. read more
S. Rina | Nov 08, 2016 07:11 AM EST
China is looking to open up its financial sector to foreign banks. It is believed that Chinese government may allow US investment banks to run their branches in the country independently. Currently, banks are required to collaborate with Chinese companies for operating. read more
S. Rina | Nov 08, 2016 08:27 AM EST
Chinese investors are pouring millions into Australia's real estate market including agriculture lands. According to a study, Sydney and Melbourne are the top spots attracting Chinese investments. The investments are likely to continue over the next three years. read more
Girish Shetti | Nov 07, 2016 04:58 PM EST
In a surprise move, China removed its pro-reform finance minister Lou Jiwei on Monday. The surprise decision comes at a critical time when Beijing is desperately trying to overcome a prolonged slowdown in its economy. read more
Charissa Echavez | Nov 06, 2016 10:19 PM EST
Renault-Nissan is planning to introduce low-cost electric-car program in China, with the aim of selling an EV for as low as $8,000, CEO Carlos Ghosn said on Thursday. read more
S. Rina | Nov 07, 2016 09:13 AM EST
Ontario-based Wilan is suing Sony Mobile Communications for an alleged violation of its patent. The company has filed a case in a Chinese court in the eastern city of Nanjing. read more
S. Rina | Nov 07, 2016 08:52 AM EST
China has formalized rules for its online video streaming industry as live video streaming is fast gaining ground in the country. read more
S. Rina | Nov 07, 2016 07:53 AM EST
The state of New York has imposed a $215 million fine on the Agricultural Bank of China for violating its anti-money laundering law. The bank was found responsible for obscuring the trail of dollar transactions by several suspicious clients. The regulators have further ordered the bank to appoint an independent monitor for auditory purposes. read more
S. Rina | Nov 07, 2016 06:55 AM EST
Canyon Bridge Capital Partners has agreed to buy programmable chip company Lattice Semiconductor in a deal is worth nearly $1.3 billion. read more
Charissa Echavez | Nov 05, 2016 08:56 AM EDT
British visual effects company Framestore, which is famous for its contributions to films like Gravity, the Harry Potter franchise, and Doctor Strange, has agreed to be taken over by China's Cultural Investment Holdings Co. in a nearly $187 million deal. 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
