business news
US Companies Accuse China of Protectionism
mwaniki wanjiku | | Jan 27, 2017 01:55 PM EST |
An annual survey of business conditions in China conducted by the American Chamber of Commerce, or AmCham, found that 4 out of 5 companies feel less welcome in China than before
Walt Disney Hopes for a Fairy Tale in China
ALVIN MUNENE | | Jun 18, 2016 12:04 AM EDT |
Walt Disney’s chief executive has hailed China’s "incredible potential." Speaking during this week’s opening of Shanghai Disneyland, Bob Iger said the brand gives the entertainment Monolith a chance to boost its image in the world’s biggest film market.
China Agrees to Strengthen Ties With Bangladesh
ALVIN MUNENE | | Jun 03, 2016 10:17 AM EDT |
China has agreed to deepen its bilateral cooperation with Bangladesh. The decision was made during a meeting between visiting Chinese Defense Minister Chang Wanquan and Bangladesh Prime Minister Sheikh Hasina.
Bad Loans Arise as China Struggles with Slow Economy
Maria Crisanta Echeverria | | Apr 17, 2016 07:14 AM EDT |
China's corporate debt surged profoundly prior to the lending and spending bout prompted by the Chinese government in an attempt to keep the Chinese economy bustling. Underlining the deceleration, China said on Friday that the growth fell to 6.7 percent in the first three months of the year.
Yahoo Buys BrightRoll For $640 Million
Sydney Bonner | | Nov 12, 2014 01:37 AM EST |
Yahoo has bought advertising platform BrightRoll for $640 million, making BrightRoll the second most expensive acquisitions behind Tumblr, which the company bought for $1 billion last year.
Converse Sues 31 Companies Over Trademark Infringement
Ren Benavidez | | Oct 15, 2014 03:21 PM EDT |
Converse filed a lawsuit Tuesday against 31 companies, including K-Mart and Wal-Mart, over their sales of fake Chuck Taylor shoes.
China Suspends New Bond Sales Amid Corruption Crackdown
Ren Benavidez | | Oct 15, 2014 10:51 AM EDT |
China has temporarily suspended its plan to review new bond issues to slow bond sales amid the expansion of the anti-corruption campaign in the country, Nasdaq reported Wednesday.
Toyota Recalls 1.7 Million Vehicles Over Several Issues
Ren Benavidez | | Oct 15, 2014 10:38 AM EDT |
Toyota announced Wednesday that it is recalling 1.75 million cars worldwide due to brake problems and issues with its fuel component system.
U.S. Reviews Sale of Waldorf Astoria to Chinese Company
Ren Benavidez | | Oct 15, 2014 12:31 AM EDT |
The U.S. government is reviewing the sale of the Waldorf Astoria to a Chinese firm amid concerns about possible security risks.
Harvard Endowment Bigger Than Half the World's Economies
Ren Benavidez | | Sep 26, 2014 04:03 AM EDT |
Harvard University's endowment reported a 15.4 percent investment gain for the fiscal year 2014, which brought the endowment assets to US$36. 4 billion, the largest reported in the country's universities.
Sears Lets Shoppers Make Returns, Exchanges Without Leaving the Car
Ren Benavidez | | Sep 19, 2014 12:20 PM EDT |
Sears recently added a new service where shoppers can make in-store returns and exchanges, without leaving their car.
Former SAC Capital Trader Sentenced to 9 Years in Prison
Ren Benavidez | | Sep 09, 2014 11:12 AM EDT |
Matthew Martoma, a former portfolio manager at SAC Capitol Advisors, was sentenced to nine years in prison on Monday for insider trading.
Japan Export Bounce Could Offset Slump in Consumer Spending, Data Says
Jasmine Solana | | Aug 20, 2014 09:34 AM EDT |
There is a bright future in the horizon for Japan as the country posted an increase in its export data for the first time in three months.
Analysts: Flourishing Asian Market Huge Draw For Global Investors
Jasmine Solana | | Aug 19, 2014 02:28 AM EDT |
Global investors are taking advantage of the healthy Asian stock and bond markets, financial analysts reported.
Japanese Companies Still Looking to Invest in China
Christl Leong | | Jun 19, 2014 02:42 PM EDT |
Despite an apparent decrease of Japanese investment in China, the chamber assesses that Japanese companies are still considering China as a viable ground to expand their business.
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