India's Nascent Luxury Car Market Begins Growth Surge
India's luxury car market surged 40% over 2010 to hit $1.4 billion in 2011, outstripping growth in jewelry and electronics.
Business
Big Japanese Firms Plan to Hire More Foreign Workers
Plans for overseas expansion are prompting 23% of Japan's top 122 companies to begin hiring more foreigners beginning in 2012.
Homebuying Limits Send China Money Overseas
China's restrictions on homebuying are producing an outflow of investments to overseas housing markets.
Saab Breaks Off Deal with Chinese Firms
Troubled Swedish carmaker Saab announced that it was backing out of an investment deal with China's Pang Da.
Rajat Gupta Freed on $10 Mil. Bail
Rajat Gupta was released Wednesday afternoon on $10m bail after pleading not guilty to six charges of insider trading.
Dan Yang Targets Babies with Vinci Tablet
Dan Yang's tablet helps children make the most of their developmental window of opportunity.
Japan to Extend Ban on Naked Short Sales of Stocks
Japan's legal ban on naked short-selling in the stock market will be extended for another six months beyond Oct. 31.
China Current Account Shows Shift from Exports
The shrinking current account surplus show that China is lessening its dependence on exports.
India Seeks to Create 100 Mil. New Factory Jobs
India will set up seven big manufacturing zones that will offer less red tape and lower taxes as part of a push to create jobs.
Japan Logs Record Trade Deficit for 1st Half
Japan has posted the biggest ever trade deficit for the first half of a fiscal year.
China Pharmaceuticals Set to Overtake Japan's
China's pharmaceutical industry is set to overtake Japan's as the world's second largest.
Seung-Wuk Lee Turns Viruses into Lenses, Scaffolds
Cal prof. Seung-Wuk Lee induces viruses to arrange themselves into useful structures.
FBI Probes $700 Mil. Payout to 2 Japanese Bankers
The FBI is investigating a $687 mil. fee paid by Olympus to a pair of Japanese bankers who operated a sleepy investment banking firm on ...
China Tax Revenues Jumped 27.4% in 2011
China saw a surge in tax revenues over last year, but the growth rate has been slowing from quarter to quarter.
Foreign Firms Lose Luster for Chinese Executives
China's state-owned firms are gaining the upper hand over their foreign rivals in attracting executives.
China Saviors Said to Renege on Desperate Saab
Two Chinese firms that had pledged an infusion of cash to help Saab restart production are now seeking to back out of the deals.
Samsung Beats Apple in Q3 Smartphone Sales
Samsung has overtaken Apple in the third quarter for the first time, shipping 20 million units to Apple's 17.1 million.
Singapore, Hong Kong Ranked Most Business Friendly
Singapore and Hong Kong had the world's best business climates, with the U.S. and S. Korea close behind.
Foxconn Scores Another Coup with Kindle Fire Order
Taiwan-based OEM Foxconn is on track to manufacture up to 80% of worldwide tablet PC shipments after a contract to assemble the 2nd generation of ...
Ren Ng Releases First Focus-Free Camera
Ren Ng's Lytro is taking orders for a camera that can focus a picture after it's snapped.
India Food Inflation Over 10% Despite Many Rate Hikes
A dozen interest-rate hikes have failed to keep India's food inflation from topping 10% again.
Shanghai Home Prices Keep Rising Despite Tightening
Government curbs on speculation have cut Shanghai's residential sale transactions in half but have failed to keep down prices.
Jack Ma Says Alibaba Has Cash to Buy Yahoo
Jack Ma said that his e-commerce giant Alibaba has readied $20 billion in cash with which to buy Yahoo.
China to Become Daimler-Benz's No. 2 Shareholder
The maker of Mercedes-Benz luxury cars and industrial vehicles will sell a 5-10% stake to China's sovereign wealth fund.
China Vies with U.S. As EU's Top Trading Partner
China may have passed the US as the EU's top trading partner in July with total trade volume of $49.4 billion.
S. Korea Wins Half of World Ship Orders in Q3
South Korean shipbuilders won half the global shipbuilding orders in the third quarter in terms of tonnage, reported the government Wednesday.
42% of Japanese Firms Miss 2012 Recruiting Targets
About 42% of Japanese firms have failed to recruit enough new graduates for the fiscal year beginning next April.
Yoshiki Sasai Builds Pituitary Gland from Stem Cells
Yoshiki Sasai has developed a technique to create transplantable pituitary glands from stem cells.
Adidas Lowest in China Social Responsibility Ranking
Adidas was found to be the least socially responsible among 300 foreign and domestic enterprises in China.
Kim Jong-Il Death Rumor Roils Korean Stocks
A rumor that North Korean leader Kim Jong-il had died drove down the Korean stock market and sent the won falling Tuesday afternoon.
Hisataka Kobayashi Uses Light to Kill Cancer Cells
Hisataka Kobayashi has devised a technique to kill cancer cells using infrared light without harming surrounding tissue.
China to See Hotel Boom Under 12th Five-Year Plan
China will more than double the number of hotel rooms to 6.1 million by 2025.
Hong Kong No Longer Cheap for China Luxury Shoppers
Mainland Chinese may no longer find holiday shopping trips to Hong Kong such a bargain due to rising travel costs and shrinking discounts on the ...
GM May Block Saab Sale to Chinese Firms
The sale of Saab to two Chinese firms may be blocked by General Motors Co. on the ground that it would adversely impact its interests ...
China Developers Slash New Home Prices
China's residential developers have begun slashing home prices in response to rising inventories and slowing demand.
China Aims to Double Domestic Consumption by 2015
By year's end China will launch a program under its 12th Five-Year Plan (2011-2015) to expand domestic consumption into the nation's leading economic driver.
Buyers from China No. 2 in US Real Estate Market
Buyers from China are second only to those from Canada in snapping up US houses at bargain prices in the wake of the financial crisis.
Japanese High Schoolers Discover De-Coloring Bacteria
The problem of decolorizing waste water produced by the dyeing process may have been solved by a pair of Japanese high school students.
Beijing Home Prices Fell 5.1% During Past Year
The average price of a new apartment in Beijing fell 5.1% during the first 10 months of 2011 from a year ago to 14,083 yuan ...
Yang Yang's LCD Panels Generate Electricity
Yang Yang's polarizing organic photovoltaic may solve the problem of depleted batteries in portable electronics.
HTC Ships More Smartphones in US Than Samsung, Apple
Taiwan's HTC shipped over 5.7 million smartphones in the US during the third quarter, edging out Samsung for the top spot for the first time.
China's Consumer Confidence High and Rising
High inflation hasn't kept China's consumers from feeling more confident about their financial prospects than they did last year.
S. Korea on Pace to Pass $1 Tril. in Total Trade
S. Korea's imports for the month of October jumped 16.4% over last year while exports grew only 9.3%.
China Home Prices Slip for 2nd Straight Month
China's home prices fell slightly in October for a second consecutive month as the central government's price cooling measures take hold
Wendy Chen Links Light Drinking to Breast Cancer Risk
Wendy Chen's study has shown the first direct link between light drinking and increased breast cancer risk.
Anirban Banyopadhyay Unveils Molecular Parallel Processor
Anirban Banyopadhyay has assembled 300 organic molecules into a massively parallel nanoscale computing device.
Sony Seeks to End LCD Joint Venture with Samsung
Sony is in talks to terminate its LCD production joint venture with South Korea's Samsung Electronics.
China's Pang Da, Youngman Lotus to Buy Saab
In an apparent reversal of his earlier position, Victor Muller has agreed to sell Saab to Pang Da Automobile and Zhejiang Youngman Lotus Automobile for ...
Yin Woon Rani to Head Universal McCann
A Grey Group veteran will head up Universal McCann's North American operations.
India's Richest Got Much Poorer Since 2010
India's 100 richest people are collectively almost 20% poorer than they were last year.
India's Nascent Luxury Car Market Begins Growth Surge
India's luxury car market surged 40% over 2010 to hit $1.4 billion in 2011, outstripping growth in jewelry and electronics.
Big Japanese Firms Plan to Hire More Foreign Workers
Plans for overseas expansion are prompting 23% of Japan's top 122 companies to begin hiring more foreigners beginning in 2012.
Homebuying Limits Send China Money Overseas
China's restrictions on homebuying are producing an outflow of investments to overseas housing markets.
Saab Breaks Off Deal with Chinese Firms
Troubled Swedish carmaker Saab announced that it was backing out of an investment deal with China's Pang Da.
Rajat Gupta Freed on $10 Mil. Bail
Rajat Gupta was released Wednesday afternoon on $10m bail after pleading not guilty to six charges of insider trading.
Dan Yang Targets Babies with Vinci Tablet
Dan Yang's tablet helps children make the most of their developmental window of opportunity.
Japan to Extend Ban on Naked Short Sales of Stocks
Japan's legal ban on naked short-selling in the stock market will be extended for another six months beyond Oct. 31.
China Current Account Shows Shift from Exports
The shrinking current account surplus show that China is lessening its dependence on exports.
India Seeks to Create 100 Mil. New Factory Jobs
India will set up seven big manufacturing zones that will offer less red tape and lower taxes as part of a push to create jobs.
Japan Logs Record Trade Deficit for 1st Half
Japan has posted the biggest ever trade deficit for the first half of a fiscal year.
China Pharmaceuticals Set to Overtake Japan's
China's pharmaceutical industry is set to overtake Japan's as the world's second largest.
Seung-Wuk Lee Turns Viruses into Lenses, Scaffolds
Cal prof. Seung-Wuk Lee induces viruses to arrange themselves into useful structures.
FBI Probes $700 Mil. Payout to 2 Japanese Bankers
The FBI is investigating a $687 mil. fee paid by Olympus to a pair of Japanese bankers who operated a sleepy investment banking firm on ...
China Tax Revenues Jumped 27.4% in 2011
China saw a surge in tax revenues over last year, but the growth rate has been slowing from quarter to quarter.
Foreign Firms Lose Luster for Chinese Executives
China's state-owned firms are gaining the upper hand over their foreign rivals in attracting executives.
China Saviors Said to Renege on Desperate Saab
Two Chinese firms that had pledged an infusion of cash to help Saab restart production are now seeking to back out of the deals.
Samsung Beats Apple in Q3 Smartphone Sales
Samsung has overtaken Apple in the third quarter for the first time, shipping 20 million units to Apple's 17.1 million.
Singapore, Hong Kong Ranked Most Business Friendly
Singapore and Hong Kong had the world's best business climates, with the U.S. and S. Korea close behind.
Foxconn Scores Another Coup with Kindle Fire Order
Taiwan-based OEM Foxconn is on track to manufacture up to 80% of worldwide tablet PC shipments after a contract to assemble the 2nd generation of ...
Ren Ng Releases First Focus-Free Camera
Ren Ng's Lytro is taking orders for a camera that can focus a picture after it's snapped.
India Food Inflation Over 10% Despite Many Rate Hikes
A dozen interest-rate hikes have failed to keep India's food inflation from topping 10% again.
Shanghai Home Prices Keep Rising Despite Tightening
Government curbs on speculation have cut Shanghai's residential sale transactions in half but have failed to keep down prices.
Jack Ma Says Alibaba Has Cash to Buy Yahoo
Jack Ma said that his e-commerce giant Alibaba has readied $20 billion in cash with which to buy Yahoo.
China to Become Daimler-Benz's No. 2 Shareholder
The maker of Mercedes-Benz luxury cars and industrial vehicles will sell a 5-10% stake to China's sovereign wealth fund.
China Vies with U.S. As EU's Top Trading Partner
China may have passed the US as the EU's top trading partner in July with total trade volume of $49.4 billion.
S. Korea Wins Half of World Ship Orders in Q3
South Korean shipbuilders won half the global shipbuilding orders in the third quarter in terms of tonnage, reported the government Wednesday.
42% of Japanese Firms Miss 2012 Recruiting Targets
About 42% of Japanese firms have failed to recruit enough new graduates for the fiscal year beginning next April.
Yoshiki Sasai Builds Pituitary Gland from Stem Cells
Yoshiki Sasai has developed a technique to create transplantable pituitary glands from stem cells.
Adidas Lowest in China Social Responsibility Ranking
Adidas was found to be the least socially responsible among 300 foreign and domestic enterprises in China.
Kim Jong-Il Death Rumor Roils Korean Stocks
A rumor that North Korean leader Kim Jong-il had died drove down the Korean stock market and sent the won falling Tuesday afternoon.
Hisataka Kobayashi Uses Light to Kill Cancer Cells
Hisataka Kobayashi has devised a technique to kill cancer cells using infrared light without harming surrounding tissue.
China to See Hotel Boom Under 12th Five-Year Plan
China will more than double the number of hotel rooms to 6.1 million by 2025.
Hong Kong No Longer Cheap for China Luxury Shoppers
Mainland Chinese may no longer find holiday shopping trips to Hong Kong such a bargain due to rising travel costs and shrinking discounts on the ...
GM May Block Saab Sale to Chinese Firms
The sale of Saab to two Chinese firms may be blocked by General Motors Co. on the ground that it would adversely impact its interests ...
China Developers Slash New Home Prices
China's residential developers have begun slashing home prices in response to rising inventories and slowing demand.
China Aims to Double Domestic Consumption by 2015
By year's end China will launch a program under its 12th Five-Year Plan (2011-2015) to expand domestic consumption into the nation's leading economic driver.
Buyers from China No. 2 in US Real Estate Market
Buyers from China are second only to those from Canada in snapping up US houses at bargain prices in the wake of the financial crisis.
Japanese High Schoolers Discover De-Coloring Bacteria
The problem of decolorizing waste water produced by the dyeing process may have been solved by a pair of Japanese high school students.
Beijing Home Prices Fell 5.1% During Past Year
The average price of a new apartment in Beijing fell 5.1% during the first 10 months of 2011 from a year ago to 14,083 yuan ...
Yang Yang's LCD Panels Generate Electricity
Yang Yang's polarizing organic photovoltaic may solve the problem of depleted batteries in portable electronics.
HTC Ships More Smartphones in US Than Samsung, Apple
Taiwan's HTC shipped over 5.7 million smartphones in the US during the third quarter, edging out Samsung for the top spot for the first time.
China's Consumer Confidence High and Rising
High inflation hasn't kept China's consumers from feeling more confident about their financial prospects than they did last year.
S. Korea on Pace to Pass $1 Tril. in Total Trade
S. Korea's imports for the month of October jumped 16.4% over last year while exports grew only 9.3%.
China Home Prices Slip for 2nd Straight Month
China's home prices fell slightly in October for a second consecutive month as the central government's price cooling measures take hold
Wendy Chen Links Light Drinking to Breast Cancer Risk
Wendy Chen's study has shown the first direct link between light drinking and increased breast cancer risk.
Anirban Banyopadhyay Unveils Molecular Parallel Processor
Anirban Banyopadhyay has assembled 300 organic molecules into a massively parallel nanoscale computing device.
Sony Seeks to End LCD Joint Venture with Samsung
Sony is in talks to terminate its LCD production joint venture with South Korea's Samsung Electronics.
China's Pang Da, Youngman Lotus to Buy Saab
In an apparent reversal of his earlier position, Victor Muller has agreed to sell Saab to Pang Da Automobile and Zhejiang Youngman Lotus Automobile for ...
Yin Woon Rani to Head Universal McCann
A Grey Group veteran will head up Universal McCann's North American operations.
India's Richest Got Much Poorer Since 2010
India's 100 richest people are collectively almost 20% poorer than they were last year.
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