Business

Honda Raises Profit Outlook on Robust China Revenue

S. Rina   | Nov 01, 2016 11:02 AM EDT

Honda Motor Co. has raised its full-year net profit outlook by six percent. The company expects its full-year net profit to be $3.95 billion or 415 billion yen, up from the previous forecast of $3 billion. read more

China Reports Strong Caixin Manufacturing Data for October

S. Rina   | Nov 01, 2016 10:22 AM EDT

China reported its official Purchasing Managers' Index (PMI) at 51.2 for the month of October. read more

Chinese Banks Write off Billions in bad Debt

S. Rina   | Nov 01, 2016 09:59 AM EDT

China's growing debt problem is affecting its banks' profitability. The country's top five banks have announced that they are writing off $40 billion worth of non-performing assets during the first nine months of the year. read more

OnePlus: India to Beat China as Biggest Market in 2017

Charissa Echavez   | Nov 01, 2016 01:14 AM EDT

Chinese smartphone maker OnePlus sees India to surpass China as its world's largest market as early as next year, Pete Lau, the company's CEO, told TOI. read more

Alibaba to Raise $1.5B Cultural, Entertainment Investment Fund

Charissa Echavez   | Nov 01, 2016 12:24 AM EDT

Alibaba Group Holding announced on Monday its plan to raise 10 billion yuan ($1.5 billion) to target China's cultural and entertainment industries and establish a separate cultural and entertainment group. read more

Bombardier Makes C Series Aircraft Debut in Airshow China

Charissa Echavez   | Oct 31, 2016 09:54 PM EDT

Bombardier Commercial Aircraft has launched its CS300 jetliner, the second CS300 flight test vehicle, in Zhuhai, China. read more

Universal Studios Starts $7.4B Chinese Theme Park Construction in Beijing

Charissa Echavez   | Oct 31, 2016 08:15 AM EDT

Shanghai Disneyland is soon to face another rival as construction of a $7 billion Universal Studios theme park has reportedly started in Beijing, state media reported on Monday. read more

Shanghai Electric Acquires Controlling Stake in Pakistan's K-Electric

Charissa Echavez   | Oct 31, 2016 05:45 AM EDT

China's Shanghai Electric Power firm will buy a $1.77 billion controlling stake in K-electric, Pakistan's largest and only vertically integrated power utility, the Abraaj Group announced on Sunday. read more

China to Continue Contributing About 30% to the Global Economy

S. Rina   | Oct 31, 2016 09:31 PM EDT

China is expected to continue contributing nearly 30 percent of the global economy for the next five years. read more

Standard Chartered in negotiations with Chinese aviation financing company

S. Rina   | Oct 31, 2016 09:24 PM EDT

Standard Chartered is said to be in advanced stages of negotiations with a Chinese aviation financing firm. read more

China’s UnionPay Bans Credit Card Payment for Overseas Insurance Products

S. Rina   | Oct 31, 2016 09:17 PM EDT

UnionPay announced that its mainland customers may not be able to use their UnionPay credit card for purchasing insurance products from abroad. read more

Boeing to Launch New 737 Completion, Delivery Center in China

Charissa Echavez   | Oct 30, 2016 09:37 PM EDT

Boeing announced on Friday it will set up a completion facility and delivery center for its on-demand 737 jetliners in Zhoushan City of east China's Zhejiang Province. read more

Taiwan Q3 Economy Posts Firmer Numbers, Beats Forecasts

Mia Ren   | Oct 30, 2016 01:14 PM EDT

The better-than-expected result was driven by a more robust private spending and capital formation. read more

Germany steps up offensive against China’s market influence

S. Rina   | Oct 30, 2016 12:22 PM EDT

German politicians are becoming more vocal about China's increased business activities in the country creating a market influence. read more

Chinese Search Engine Giant Baidu Posts First Revenue Drop

S. Rina   | Oct 29, 2016 12:32 PM EDT

Baidu, the leading search engine company in China, has reported its financial results for the third quarter of the year. read more

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