Hong Kong Tops US, UK in Global Financial Development Survey

Hong Kong has passed the US and the UK to become the first Asian market to become the most highly developed global financial center.

McDonald's Adds European Feel While Doubling in China

McDonald's is investing in European-style makeovers for 80% of its China outlets by 2013 to attract more young urban adults even as it plans to ...

Another Chinese Bid Hopes to Revive Bankrupt Saab

China's Jinhua-based Youngman Auto will bid for the estate of bankrupt Swedish carmaker Saab next week, reported Sweden's Daily Industry Thursday.

China's State Firm Profits Surged 12.8%

China's state-owned companies posted combined profits of 2.26 trillion yuan ($356.91 bil.) in 2011, a healthy 12.8% year-on-year gain.

Thousands Strike Shenzhen Sanyo Plant on Job Fears

About 4,000 workers at a Sanyo Electric plant in southern Shenzhen joined the rash of recent labor protests in Guangdong province Monday.

Geely Plans to Export 1 Mil. Cars to Europe, US

China's Geely has quietly taken big strides toward meeting its goal of exporting 1 million cars by 2015, most of them to Europe and the ...

Surging China Demand Drives Up Soy Bean Prices

Soybean prices have surged after China decided to import six to eight shiploads to replenish its national soybean stockpile.

Beijing On Way to Becoming Global Software Center

Beijing's IT and software industries already employ more people than Silicon Valley and is set to produce 680 billion ($106.7 billion) in revenues with 700,000 ...

China in Seesaw Battle with US Over Smartphone Lead

China and the US are locked in a close contest for the title of world's top smartphone market, according to conflicting reports from various industry ...

North China Foxconn Worker Jumps to Her Death

A female employee at Foxconn's Taiyuan plant jumped to her death from a company building, reported Xinhua Thursday.

Japan Domestic TV Shipments Plunge 73.7%

Only 746,000 flat-screen TVs were shipped in October, 73.7% plunge from a year earlier.

Foxconn to Add 300,000 Robots Without Layoffs

The world's largest electronics contract manufacturer will 300,000 robots to its assembly lines without cutting any of its 1.2 million workers in China,

Small Business Startups Surge Among Older Koreans

he number of S. Koreans over the age of 50 who are self-employed jumped to a record 3.1 million in October.

Tokyo, Osaka Bourses to Merge into World's No. 2

Tokyo Stocks Exchange Group Inc. (TSE) and Osaka Securities Exchange Co. (OSE) will merge in January 2013 to create the world's second-largest stock exchange.

China Bans Commercials on TV Dramas

In yet another blow to China's private satellite TV broadcasts, the central government will require TV stations to stop interrupting drama shows with commercials beginning ...

China's Growth to Remain at Robust 9.2% in 2012

Despite the government measures to ease inflationary pressures, China's economy will grow a robust 9.2 percent in 2012.

China Imports Record Amount of US Pork

US pork imports to China hit a new high in September of 41,000 tons.

China LED Sector in Shakeout Amid Bright Prospects

China's LED makers are facing increasingly dark days ahead due to severe over-investment leading to cutthroat competition.

S. Korea Passes UK, Italy, Netherlands in Export Volume

S. Korea's total goods export volume soared 20.5% during the first 11 months of 2011 to reach $508.7 billion.

Foxconn Posts Record Revenues in November

Strong demand for Apple iPhones and iPads has helped Taiwan-based OEM Foxconn post record revenues of NT$300 billion ($10 bil.) in November.

Taiwan, Intel to Develop Super-Efficient Memory Chips

Taiwan and Intel will jointly develop new computer memory products within five years.

Dennis Fong Connects Gamers

Hong Kong's Top Media Mogul to Retire at 104

Legendary producer Run Run Shaw, who built the Hong Kong film industry into a global player, will retire from Television Broadcasts Ltd (TVB) at the ...

Small Imported Cars Tops in S. Korea Sales Growth

Import car sales jumped 12.1% in November over October while sales of domestic makes have fallen for two straight months.

Korean Firms Dump Binge Drinking for Healthier Outings

Progressive Korean corporations are abandoning the traditional after-work entertainments that have given Korean executives a worldwide reputation as hard-drinking karaoke fanatics.

Air France Suspends Maintenance in China

Air France suspended maintenance of its aircraft by China's Taeco on safety concerns raised by finding 30 screws missing from one of its planes.

Four New TV Broadcasting Networks Debut in S. Korea

Four major new TV broadcasting networks debuted simultaneously on December 1 in a so-called “Big Bang”.

Japanese Touch Panel Pioneers Win French Legion of Honor

The French government bestowed its highest civilian honor by knighting two Japanese entrepreneurs for their key role in the success of a major French electronics ...

Zhejiang Solar Industry Hit Hard by Falling Demand

Solar power firms are struggling to stay afloat in Zhejiang, the most fiercely entrepreneurial among China's manufacturing-driven eastern provinces.

Japan's Retailing Giants Sell Fukushima Foods

Some of Japan's biggest retailers are supporting Fukushima farmers by selling their rice and produce to show they are completely safe.

China Reverses Tight Money Policy, Sends Stocks Soaring

China signaled a reversal in its tight-money policy Thursday evening by cutting the ratio of funds that its banks are required to keep in reserve ...

Yuan Already Near Equilibrium Says China

The yuan is getting close to the equilibrium value, said Chinese government think tank economist, refuting the US claim that it remains undervalued by about ...