In Asia’s developing countries, the importance of remittances – the money that migrant workers send home to their families (many of whom live in poor and remote areas) – is immense. But, while remittances to these countries are five times higher than official aid, their potential economic-development benefits have not been realized.

Beijing-based private equity and venture capital firm, Keys Fund, says it has formed a strategic cooperation with Lombard Global, a Plano, Texas-headquartered investment banking and management consulting firm. Founded in 2011, Keys fund focuses on investing in early and expansion stage companies in the healthcare, new material, advanced equipment, TMT (technology, media, telecommunications) and green […]

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The Alantic reports: Last weekend, Reuters photographer Carlos Barria traveled to Zheijiang Province, China, to photograph some of the 1,000 Harley Davidson enthusiasts who attended China's 5th annual Harley Davidson National Rally, part of the company's 110-year anniversary. Harley Davidson…

Chinese B2C e-commerce website Dangdang.com published its financial report for the first quarter ended March 31, 2013, stating that its total net operating revenue was CNY1.334 billion, a year-on-year increase of 23%; though it still reported net losse…

Beijing has run out of good options to further stimulate the economy as a strategy to buy time until western economies rebound, writes Yukon Huang

Evidence of fragmentation abounds, as the IMF chief has pointed out. For every country putting out good news, there are weaker data elsewhere

New vehicles waiting to be shipped at a car deposit are seen in Piedimonte San Germano, south of Rome. Europe's ailing car market ended a streak of 18 straight months of falling sales, though a number of one-off factors suggested that a sustained recov…

THE latest tranche of Japan's growth strategy will aim to triple infrastructure exports and double farm exports by 2020, as well as boost private investment, Prime Minister Shinzo Abe said yesterday.

SOHU.COM Inc is seeking strategic investment for its Sogou search unit to compete with Baidu Inc for Internet users and advertising. The company is also looking to buy larger video websites to provide content, Chairman and Chief Executive Officer Charl…

SINA Corp has posted a narrower first-quarter loss due to rising revenue and lower marketing expenses though personnel costs remained high. Net loss was US$13.2 million in the first three months of this year, lower than the US$13.7 million a year earli…

CHINESE banks bought more foreign currency from clients than they sold in April as the market expects the yuan to continue to appreciate, according to a report from China's foreign exchange regulator yesterday.

BILL Gates is once again the world's richest person.

STATE Grid Corp of China has agreed to buy Australian power assets from Singapore Power Ltd, in its second purchase Down Under in just half a year as part of its global expansion drive.

CHINA said it will encourage foreign investment in vehicle manufacturing in its western region, reversing a policy to remove automaking from a list of industries qualifying for government incentives.

Long-awaited 4G services, which provide mobile users with Internet access 20 to 50 times faster than 3G network, make their debut in Shanghai next month when China Mobile begins large-scale trials, the carrier said yesterday.