Government clampdown on conspicuous consumption by officials is felt by high-end establishments over the country’s lunar new year celebrations
2013-02-21
Central bank withdraws $146bn from the economy in 3 days, a new record, after surging credit growth sparked overheating fears
2013-02-21
THE stock market posted its biggest loss this year on news that Federal Reserve officials suggested the central bank scale back its effort to keep borrowing costs low.
2013-02-21
THE price of oil fell yesterday, as a drop in metals commodities overflowed to crude markets and stocks retreated from five-year highs.
2013-02-21
The electronics manufacturer suspends hiring plans in most of its Chinese factories as reduced orders prompt it to slow production of Apple’s iPhone 5
2013-02-21
Yum! Brands Inc, owner of KFC, Pizza Hut, and Taco Bell, recently published its financial report for the fourth quarter ended December 29, 2012. According to the report, Yum started integrating the operating performance of its Chinese hotpot business L…
2013-02-21
Internet security software provider Qihoo 360 has formally acquired Rizhibao, a SaaS-based online web log analysis platform in China. Zhao Wu, director for Qihoo 360's website security testing department, said on a microblog that the company acquired R…
2013-02-21
THE European Commission will check eurozone countries' draft budgets to verify if they are in line with EU rules and will ask for changes if they are not, under a deal struck yesterday with the European Parliament.
2013-02-21
LISTED Chinese insurance companies have posted disappointing growth in premiums last month due to weaker demand and stronger competition from wealth management products in a sign of another difficult year for the insurers, according to analysts.
2013-02-21
CHINA'S economy is set to expand at a faster rate this year than last year's 7.8 percent amid policy easing and credit extension, Moody's Investors Service said in a report yesterday.