12/25/2024 08:51:33 am
12/25/2024 08:51:33 am
Charissa Echavez | Jan 28, 2016 12:08 PM EST
Competition in the taxi-hailing service market in China is taking business to the next level. This week Didi and Uber announced that they have obtained new funding and are planning to expand in the market. read more
Alexis Villarias | Jan 28, 2016 11:34 AM EST
Fire broke out at Foxconn's main iPhone manufacturing plant in China on Sunday, Jan. 24. Although the blaze spanned several floors of the factory, no injuries were reported and production was not affected. read more
Girish Shetti | Jan 27, 2016 08:33 AM EST
The Chief of China's Statistics Bureau Wang Baoan is being investigated for charges of corruption, China's anti graft body said on Tuesday. read more
Eana Maniebo | Jan 27, 2016 08:23 AM EST
Taiwan's economy is slapped with another depressing growth forecast as the Taiwan Institute of Economic Research (TIER) cut their projections by 0.27 percent on Monday. This is the gloomiest forecast for 2016. read more
Carlos Castillo | Jan 27, 2016 04:45 AM EST
The Chinese government has no plans to devalue the yuan, a high ranking Beijing official has said. read more
Charissa Echavez | Jan 27, 2016 06:46 AM EST
According to China Securities Journal, Shanghai is working on a task amounting up to 835.52 billion yuan ($127 billion). The said plan will include the launch of 100 major projects in 2016. read more
Girish Shetti | Jan 27, 2016 04:04 AM EST
The relentless freefall in China's stock market continued on Tuesday, as The Shanghai Composite Index plunged 6.4 percent to end at 2,749.79, its lowest closing since December 2014. On other hand, the Shenzhen Component Index sank 7% to close at 9,483.55. read more
Charissa Echavez | Jan 26, 2016 08:02 AM EST
Asia's richest man Wang Jianlin's Dalian Wanda Group has announced plans of investing in the construction of a $10 billion (Rs 67, 780 crore) industrial park in the northern part of India. This is expected to be the largest development project in the country. read more
Charissa Echavez | Jan 25, 2016 07:24 AM EST
Several Chinese solar panel makers seeking to expand abroad are investing in the market of neighboring Thailand in light of the increasing mark up and sharp anti-dumping duties in the Europe and United States. read more
Desiree Sison | Jan 24, 2016 10:55 AM EST
Despite the lukewarm economic growth in Asia, which has affected Starbucks Corporation's latest quarterly sales, the coffee-chain remains enthusiastic about its business prospects in China and announced it would continue investing heavily in the mainland. read more
Charissa Echavez | Jan 25, 2016 06:47 AM EST
A newly released report by job hunting site zhaopin.com has revealed that, based on job vacancies posted over the internet this winter in 32 cities across China, the average salary is at 6,070 yuan ($922.64). read more
Charissa Echavez | Jan 23, 2016 07:16 AM EST
German automobile company BMW opened its first engine factory in China on Friday. The plant, located in Sheyang City, is owned by BMW Brilliance Automotive (BBA) Holdings Ltd. read more
Anshu Shrivastava | Jan 22, 2016 10:10 AM EST
There is a growing global concern about China's slowing economic growth rate. A recent U.S. report claims that the investment climate in the world's second-largest economy is worsening. China, however, remains confident about creating a positive climate for foreign investors. 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
