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China manufacturing picks up but activity still shrinking: data

A gauge of Chinese factory activity ticked up slightly in December but continued to indicate contraction for a fifth straight month, official data showed Friday, underlining weakness in the world's s...

Jan 1, 2016
Sun King Li Sees $14.6 Billion Vanish Amid Wild Ride for Hanergy

This year’s wild ride for Hanergy Thin Film Power Group Ltd. ends with the solar equipment maker a shadow of its former self, about $14.6 billion in paper losses for its chairman, the departure of ke...

Dec 30, 2015
Four more years of cheap oil: OPEC

VIENNA (AFP) - The OPEC oil cartel sees only a gradual improvement in the global crude market, with prices recovering to above $70 per barrel after four years, according to a report released Wednesda...

Dec 24, 2015
Cordon Bleu culinary schools to close in U.S.

NEW YORK -- The Cordon Bleu culinary school will close its 16 campuses in the United States after failed attempts to find the right buyer, the company that operates the locations said. Created in 18...

Dec 18, 2015
BOJ tweaks stimulus to encourage corporate spending, hiring

The Bank of Japan tweaked its lavish stimulus program Friday in a well-timed move that spotlights pressures on companies to do more to support growth by raising wages and investing in factories and e...

Dec 18, 2015
U.S. Fed raises key rates for first time in 9 years

The U.S. Federal Reserve raised key interest rates for the first time in nine years Wednesday, a landmark turnaround that symbolizes the confidence that the world's largest economy has strengthened e...

Dec 17, 2015
VW: appears only small number of staff behind scandal

Volkswagen believes that only a small number of employees were behind the emissions scandal, but its board chairman said Thursday the company is still investigating and suggested the probe does not e...

Dec 10, 2015
OPEC set to maintain output levels as oil glut worsens

VIENNA (Reuters) -- OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday, potentially worsening one of the worst crude gluts in history. Benchma...

Dec 4, 2015
Hungarian PM: Greece does not meet its obligations

Hungarian Prime Minister Viktor Orban accused Greece Thursday of not fulfilling its obligations as a member of the deal that allows free movement within the European Union. Orban made the comment in...

Dec 4, 2015
ECB cuts interest rate, to unveil more stimulus for eurozone

FRANKFURT, Germany (AP) -- The European Central Bank cut one of its key interest rates and promised to unveil more stimulus measures on Thursday in an attempt to boost lending and help the growth in ...

Dec 3, 2015
Google ups ante, nearly doubles bet on renewable energy

SAN FRANCISCO (AP) -- Google is nearly doubling the amount of renewable energy feeding its massive data centers that enable more than 1 billion people to search for information, watch video clips and...

Dec 3, 2015
EU launches probe into McDonald's Luxembourg tax deals

BRUSSELS (AFP) -- The European Union launched a probe Thursday into US fast food giant McDonald's tax deals with Luxembourg, widening an investigation into alleged tax dodging by major multinationals...

Dec 3, 2015
China's economy to grow slightly faster than expected: ADB

MANILA (AP) -- China's economy will grow slightly faster than expected this year at 6.9 percent and its shift to fostering services and private consumption is helping to support regional growth, the ...

Dec 3, 2015
Daily won-yuan trading tops $2 bln in one year

The average daily trading volume of the won-yuan trading market here has exceeded $2 billion over the past year as it has successfully taken root to help bolster South Korea-China economic ties, data...

Dec 1, 2015
IMF approves China’s yuan as elite reserve currency

The International Monetary Fund welcomed China’s yuan into its elite reserve currency basket on Monday, recognizing the ascendance of the Asian power in the global economy. The yuan, also known as t...

Dec 1, 2015

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Date of registration : 2015.04.28
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