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 ...

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 ...

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 ...

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 ...

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 ...

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.

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.

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 ...

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 ...

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.

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.

Adidas Lowest in China Social Responsibility Ranking

Adidas was found to be the least socially responsible among 300 foreign and domestic enterprises in China.

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 ...

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.

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.

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.

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.

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.

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.

Pink Slime Not Used in Its China Burgers Says McD's

McDonald's was forced to reveal that it uses a higher quality of beef for its burgers sold in China than in the US after it ...

China Slaps Duties on US Cars As Trade Tiff Escalates

Cars made in the US will have anti-subsidy and anti-dumping duties imposed on them effective December 15.

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 ...

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 ...

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.

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 ...