Luxury Goods Enjoy Boom in China
Clutching a fistful of shopping bags from designers Vivienne Westwood, Dior and Alexander McQueen as she concluded one of her twice-monthly shopping sprees, 29-year-old Zhao ...
Business
Obama Wants Credit Card Legislation by Month's End
Send me a bill that stops credit card companies from taking advantage of consumers, and do it by month’s end, President Barack Obama is demanding ...
Wall Street Ends Week Surgin on Jobs, Banks
As far as Wall Street is concerned there is no bad news anymore. At least for now, traders are seeing news about longtime trouble spots ...
Employment Data Boost Wall Street
Stock futures are extending their gains as the government says fewer jobs were lost in April than expected.
Top Japanese Chipmaker Toshiba Posts Record Loss
Japan’s top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Toyota Reports Record Losses
Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...
Stress Test Results Lift Cloud of Uncertainty
Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China Pledges Another Big Buying Spree in Europe
China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Asia Passes Europe in Number of Millionaires
Asia and the Pacific have passed Europe in the number of people worth more than $1 million excluding their homes.
Yuan to Float Freely by 2015 Say China Experts
China's economy and financial system are ready for a fully convertible yuan, and the central government is likely to liberalize it by 2015.
Airbus Parent Returns to Profit
Airbus' parent company EADS NV reported a narrow third-quarter profit on Friday, rebounding from a loss a year earlier as the commercial plane-making
Consumers Less Stressed Over Debt
Debt isn't stressing people as much as it had been, but consumers remain gun-shy about embarking on a big holiday spending spree.
Jeffrey Ng's Cortexica Models Human Visual Perception
Jeffrey Ng's Cortexica has developed software that models how human vision identifies objects.
Foreign Banks Expect China Revenues to Surge
The 127 foreign banks operating in China have a miniscule market share but see big growth opportunities ahead.
Pororo Cartoon May Be Hit by U.S. Anti-N. Korea Ban
Pororo the Little Penguin may run afoul of U.S. sanctions against North Korea...
Japan Carmakers Suffer Market Share Loss
Japan's carmakers face challenges despite a faster-than-expected recovery of production capacity.
Korean Shin Ramyun Blackened by False Claims
Ramen maker Nongshim Co was fined 155 million won ($142,000) by S. Korea's fair trade officials...
China, Germany Aim to Double Trade by 2015
China and Germany, the world's biggest exporters, have set a goal of doubling trade by 2015.
David Kim Reborn As Media-Happy Success Guru
David Kim has remade himself from a backroom boss into the latest embodiment of the American Dream.
China to Boost Minimum Wage 13% Per Year
China hopes to offset the impact of inflation and cut the income gap by doubling the minimum wage by 2015.
Rick Ham Greens Cities with Induction Lighting
Rick Ham has built his family's US Lighting Tech into a world leader in induction lighting.
Kan Cao Reverses Rapid Aging
Kan Cao's study on an accelerated aging disease may lead to new ways to slow normal aging.
Chinese Take to Open Road in RVs
China is poised for growth in the adoption of recreational vehicles as more of China's drivers discover...
Seoul Sees Boom in Conversions to Business Hotels
Six buildings in Seoul's Myeong-dong shopping and entertainment district are being converted into business hotels...
Sales Surge for China's Top Developers
China's top 10 real estate developers boosted first-half sales 80 percent over last year to a total of 332.3 billion yuan...
Subway Leads China Fast-Food Growth
Subway taps into the growth in China's urban office workers seeking a fast, healthy lunch.
S. Korea Trade Volume to Pass $1 Trillion
S. Korea is on track to become a top-five trading nation by the end of 2011.
Hyundai-Kia Overtakes Toyota, Honda Globally
The Hyundai-Kia overtakes Toyota and Honda in global unit sales.
China Expands Domination of Brazil's Trade
China is solidifying its position as Brazil's biggest investor and trading partner by expanding investments in the tech sector.
China Raises Interest Rates 3rd Time in 2011
China's central bank, the People's Bank of China (PBOC), is raising the benchmark one-year borrowing...
Japan Economic Index Shows Strong Rebound from Quake
Japan's index of leading economic indicators rose to 99.8 in May from 96.2 in April...
Tiffany Income Jumps on Robust Overseas Growth
Tiffany & Co. says strong sales of its jewelry both in the U.S. and overseas helped third-quarter net income rise 27 percent.
China Auto Sales Grow Again Amid Intense Competition
China passenger car sales erase fears of industry stagnation by recording 5.3% growth in the first half of 2011.
Luxury Goods Enjoy Boom in China
Clutching a fistful of shopping bags from designers Vivienne Westwood, Dior and Alexander McQueen as she concluded one of her twice-monthly shopping sprees, 29-year-old Zhao ...
Obama Wants Credit Card Legislation by Month's End
Send me a bill that stops credit card companies from taking advantage of consumers, and do it by month’s end, President Barack Obama is demanding ...
Wall Street Ends Week Surgin on Jobs, Banks
As far as Wall Street is concerned there is no bad news anymore. At least for now, traders are seeing news about longtime trouble spots ...
Employment Data Boost Wall Street
Stock futures are extending their gains as the government says fewer jobs were lost in April than expected.
Top Japanese Chipmaker Toshiba Posts Record Loss
Japan’s top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.
Toyota Reports Record Losses
Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...
Stress Test Results Lift Cloud of Uncertainty
Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China Pledges Another Big Buying Spree in Europe
China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Asia Passes Europe in Number of Millionaires
Asia and the Pacific have passed Europe in the number of people worth more than $1 million excluding their homes.
Yuan to Float Freely by 2015 Say China Experts
China's economy and financial system are ready for a fully convertible yuan, and the central government is likely to liberalize it by 2015.
Airbus Parent Returns to Profit
Airbus' parent company EADS NV reported a narrow third-quarter profit on Friday, rebounding from a loss a year earlier as the commercial plane-making
Consumers Less Stressed Over Debt
Debt isn't stressing people as much as it had been, but consumers remain gun-shy about embarking on a big holiday spending spree.
Jeffrey Ng's Cortexica Models Human Visual Perception
Jeffrey Ng's Cortexica has developed software that models how human vision identifies objects.
Foreign Banks Expect China Revenues to Surge
The 127 foreign banks operating in China have a miniscule market share but see big growth opportunities ahead.
Pororo Cartoon May Be Hit by U.S. Anti-N. Korea Ban
Pororo the Little Penguin may run afoul of U.S. sanctions against North Korea...
Japan Carmakers Suffer Market Share Loss
Japan's carmakers face challenges despite a faster-than-expected recovery of production capacity.
Korean Shin Ramyun Blackened by False Claims
Ramen maker Nongshim Co was fined 155 million won ($142,000) by S. Korea's fair trade officials...
China, Germany Aim to Double Trade by 2015
China and Germany, the world's biggest exporters, have set a goal of doubling trade by 2015.
David Kim Reborn As Media-Happy Success Guru
David Kim has remade himself from a backroom boss into the latest embodiment of the American Dream.
China to Boost Minimum Wage 13% Per Year
China hopes to offset the impact of inflation and cut the income gap by doubling the minimum wage by 2015.
Rick Ham Greens Cities with Induction Lighting
Rick Ham has built his family's US Lighting Tech into a world leader in induction lighting.
Kan Cao Reverses Rapid Aging
Kan Cao's study on an accelerated aging disease may lead to new ways to slow normal aging.
Chinese Take to Open Road in RVs
China is poised for growth in the adoption of recreational vehicles as more of China's drivers discover...
Seoul Sees Boom in Conversions to Business Hotels
Six buildings in Seoul's Myeong-dong shopping and entertainment district are being converted into business hotels...
Sales Surge for China's Top Developers
China's top 10 real estate developers boosted first-half sales 80 percent over last year to a total of 332.3 billion yuan...
Subway Leads China Fast-Food Growth
Subway taps into the growth in China's urban office workers seeking a fast, healthy lunch.
S. Korea Trade Volume to Pass $1 Trillion
S. Korea is on track to become a top-five trading nation by the end of 2011.
Hyundai-Kia Overtakes Toyota, Honda Globally
The Hyundai-Kia overtakes Toyota and Honda in global unit sales.
China Expands Domination of Brazil's Trade
China is solidifying its position as Brazil's biggest investor and trading partner by expanding investments in the tech sector.
China Raises Interest Rates 3rd Time in 2011
China's central bank, the People's Bank of China (PBOC), is raising the benchmark one-year borrowing...
Japan Economic Index Shows Strong Rebound from Quake
Japan's index of leading economic indicators rose to 99.8 in May from 96.2 in April...
Tiffany Income Jumps on Robust Overseas Growth
Tiffany & Co. says strong sales of its jewelry both in the U.S. and overseas helped third-quarter net income rise 27 percent.
China Auto Sales Grow Again Amid Intense Competition
China passenger car sales erase fears of industry stagnation by recording 5.3% growth in the first half of 2011.
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