12/25/2024 08:38:47 pm
12/25/2024 08:38:47 pm
Marlyn Culunge | Jan 17, 2016 06:28 AM EST
President Xi Jinping was present at the official opening ceremony of the Asian Infrastructure Investment Bank (AIIB) at the Diaoyutai State Guesthouse, Beijing on Saturday. Xi, who addressed the gathering, said it was a historical moment. read more
Carlos Castillo | Jan 16, 2016 09:07 AM EST
The latest upheaval in China's stock and currency markets -- which spread gloom among investors as the year opened and more recently weighed oil prices down to their lowest in years -- does not mean that the Chinese economy is on the edge of collapse. read more
Girish Shetti | Jan 15, 2016 05:29 PM EST
Chinese electronic manufacturer Haier Group is set to acquire General Electronic's Appliance Business for $5.4 Billion. Both companies on Friday released an official statement to announce the acquisition. read more
Alexis Villarias | Jan 15, 2016 04:18 PM EST
One of the sought-after honours in the restaurant business is the recognition given by Michelin guide. However, there may be unexpected challenges that go with the honourable distinction. As BBC reports, another restaurant in Hong Kong is facing the challenge after being featured in Michelin's guide November last year. read more
Charissa Echavez | Jan 16, 2016 08:34 AM EST
China is planning to create a marine nuclear propulsion reactor by 2020. The ACPR505 project became part of the Chinese energy industry's 13th Five-Year Plan after gaining the approval of the National Development and Reform Commission (NDRC). read more
Alexis Villarias | Jan 14, 2016 06:37 AM EST
In an unexpected turn, China's exports is soaring high after almost six months of faltering. However, this may be because of the weakening currency rather than an improved state of the economy. read more
Alexis Villarias | Jan 14, 2016 11:10 AM EST
Millions of professional traders in pyjamas are emerging in China as retirees find way to kill time. These traders together with shop owners, pensioners and other small traders make up 80 percent of China's investors. read more
JB Cach | Jan 13, 2016 07:25 AM EST
The world's largest coffee chain plans to put up many stores in the world's second largest market. Starbucks Corp. reportedly plans to open up 500 stores in China in 2016, as part of a plan to put up 3,400 stores by 2019. read more
Nicky West | Jan 13, 2016 06:27 AM EST
Shaolin Yang, a top official in China's Ministry of Finance, has been appointed as the Chief Administrative Officer (CAO) and Managing director (MD) of the World Bank Group. read more
Mars Woo | Jan 12, 2016 10:17 AM EST
The Bank of Shanghai, one of the leading banking institutions in Shanghai, has named Hu Youlian as its new president, a position that has been left vacant since February 2015. read more
Mars Woo | Jan 12, 2016 09:16 AM EST
In a bid to promote China's inter-bank foreign exchange (forex) market, the People's Bank of China (PBOC), the country's central bank, has allowed the entry of seven more foreign institutions into the market. read more
Christian George Acevedo | Jan 12, 2016 09:24 AM EST
Macau's casino billionaires saw their fortunes drop following 2015's 34.3% decline in the revenue of Macau's casinos. The decline also affected stock prices of Macau's six casino concession holders. After a steady surge both in stock prices and casino revenues in early 2014, the six concessionaires' shares lost their value by two-thirds on average. Forbes' Mohammad Cohen quipped that obviously Macau's rich are no longer as rich as they were. read more
Charissa Echavez | Jan 12, 2016 08:37 AM EST
It looks like Chinese customers will soon be seeing those yellow-painted delivery Vespa motors as Max's Group Inc. (MGI) is looking to expand overseas and enter the Chinese market with its New York-inspired Yellow Cab pizza concept. 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
