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Business

Andrew Yang Wants to Put Bright Minds in Poor Cities

Andrew Yang hopes to use his new non-profit to funnel bright business-minded college grads to economically-distressed cities.

Korea Develops Its First Small Passenger Plane

S. Korea will begin manufacturing small private planes and other civilian aircraft in 2014.

IMF Sees 9.6% Growth for China Amid Risks

China will continue to drive the global economy with a 9.6 percent GDP growth, the IMF forecasts.

Li Ka-Shing Makes Year's Top British Takeover Offer

Hong Kong's richest man is bidding $3.9 bil. for British utility Northumbrian Water Group.

Another Foxconn Worker Plunges to His Death

Another young migrant worker adds to the long string of suicides plaguing Foxconn's manufacturing plants.

Wing Leung Doubles Survival Rate for Leukemia Patients

Wing Leung has boosted the survival rate of young leukemia patients who receive non-matching marrow transplants to 88%.

Microblogging Leads China Growth to 485 Mil. Netizens

Microblogging and group-buying led the growth of China's internet users to 485 million as of the end of June.

Rex Ng Joins with Lolapps to Take on Zynga

Game publisher Rex Ng joins forces with developer Arjun Sethi to build a social gaming powerhouse.

Korean Soju Maker Seeks Bigger Splash in U.S.

A South Korean company recognized as the world's biggest spirits brand is ready to take a strong shot at growing its U.S. following beyond Korean ...

China Alarmed by Bernanke's QE3 Hint

Ben Bernanke's testimony is alarming to China's central planners already struggling to control inflation.

Joseph Kim Achieves Antibody Response from DNA Flu Vaccine

Joseph Kim's Inovio has taken a key step toward a universal DNA-based flu vaccine.

Samsung Cancer Cases Not Linked to Chips Says Study

A study commissioned by Samsung finds no link between chemicals used at its chipmaking plants and cancers suffered by six of its workers.

Coca-Cola, KFC to Begin Business in N. Korea

North Korea has agreed to let Coca-Cola and Kentucky Fried Chicken (KFC) to open branches in Pyongyang.

China's Working Population to Peak in 2013

China's shrinking working population is driving a push toward a better-paid, more efficient workforce.

Beijing Office Rents on Pace to Surpass Shanghai

Beijing office property is becoming the most attractive real estate investment for domestic and multinational firms.

China Growth Slowed to 9.6% for First Half

China's growth slowed to 9.5 percent in the second quarter from 9.7 percent in the first quarter to end the first half at 9.6 percent...

China Claims Success in Fighting Pirated Goods

China is claiming success in its nine-month crackdown on product piracy leading to 3.43 billion yuan ($530 million) in intellectual property infringement cases.

China Foreign Exchange Reserves Hit $3.2 Tril.

China's world-leading foreign exchange reserves jumped 30.3 percent year-on-year to hit $3.1975 trillion.

Terry Hsiao Pioneers Multimedia Mobile Messaging

If you use your smart phone to share music, videos and photos, you are probably a beneficiary of Terry Hsiao's pioneering work in mobile messaging.

H&M to Double Japan Stores by 2012

H&M will more than double the number of stores in Japan over the next year on exploding demand from fashion consumers.

China Nurtures Startups by Students Returning from Abroad

China has over 150 firms that help returning Chinese students start up new ventures

China May See Balanced Trade in 2012

Slowing exports to the West and import liberalization is cutting China's trade surplus to near zero.

Nikkei Hits 5-Month Low on U.S. Fears

On Monday the Nikkei stock index touched its lowest levels since March 15 on fears the U.S. economic recovery may be losing steam.

China Sees Hong Kong Role in Yuan Internationalization

Beijing's plans to use Hong Kong as a conduit for disseminating the yuan as a global exchange currency.

Lenovo Posts Record $5.9 Bil. Sales in Q2

China's top PC-maker hopes to challenge Apple for a bigger share of the mobile internet market.

Dharmendra Modha Mimics Brain's Efficiency

IBM's Dharmendra Modha has taken another big step toward developing a computer that can match the human brain in efficiency.

China Raises Yuan Against Dollar to Fight Inflation

China lets the yuan hit record highs against the dollar as it focuses on controlling a surging inflation rate.

China-Japan Trade Hits Record High in 1st Half

The total value of trade between Japan and China during the first half of 2011 surged 17.9 percent.

China Continues Boosting Holdings of U.S. Treasuries

China added $5.7 billion of U.S. Treasuries in June despite growing pressure to diversify foreign reserves away from the beleaguered dollar.

Liming Dai Leads Air Force Nanomaterials Project

Liming Dai will lead a team to develop 3D nanomaterials with the unique properties found in flat nano-structures.

Toshiba to Build Major Energy-Efficient Community

Toshiba Corp. will develop one of the world's biggest energy efficient “smart communities” in Osaka Prefecture.

China Buys Foreign Firms at Record Pace

A growing hunger for consumer brands and industrial technology drove China's outbound M&As to record high levels

Japanese Firms Seek Relief in Overseas Operations

Over half of Japan's 105 leading firms plan to counter the strong yen, power shortages and falling share prices by expanding operations overseas.

Japan Q2 GDP Falls for 3rd Straight Quarter

Japan's economy shrank an annualized real rate of 1.3 percent in the April-June quarter.

S. Korea Hosts 716,000 Foreign Workers

A growing demand for labor by S. Korea's small firms has swollen the ranks of foreign workers to 2.9 percent of the total labor force.

McDonald's Japan to Close Hundreds More Stores

Hundreds of McDonald's restaurants will be closed next year to boost profit margins due to a decline in demand for fast food.

Ming Chow Spots Big Security Holes in HTML5

The next big advance in web browsing could be a quantum leap in opportunities for hackers.

Japan Raises Forecasts As Economy Recovers

Japan revised upward its monthly economic forecasts as production and exports recover from the downturn following the March earthquake.

China's July Car Sales Suggest Stronger 2nd Half

A small but significant rise in China's July car sales and output is being seen as an encouraging sign of a rebound in the making ...

China's July Trade Surplus Growth Surprises

China's July trade surplus of $31.5 billion was the biggest in two and a half years, surprising economists.

Asia Stocks Stabilize After Early Plunge

Asia's stock markets stabilized Tuesday after early plunges as U.S. stock futures hinted at a Wall Street recovery.

Hyundai-Kia Closes on 15% of U.S. Car Market

The Hyundai-Kia Automotive Group is expecting its share of the U.S. market to pass 15% for the month of August, the company announced Monday.

Nelson Chai Named President of CIT Group

Nelson Chai has been promoted to president of CIT Group from his post as chief administrative officer and strategy chief.

Samsung, LG Extend Lead in N. American Mobile Phones

Samsung and LG are increasing their lead in the North American cell phone market.

Only 61.6% of Japan's New Grads Have Jobs

Nearly two of every five Japanese university students who graduated this spring have been unable to find full-time jobs.

Japan's Yen Intervention Sends Dollar Surging

Japan's unilateral steps to weaken the yen Thursday sent the dollar surging to near 80 yen.

Monica Woo Tapped to Head Up Sears Marketing

On August 15 Monica Woo will become the new Chief Marketing Officer for Sears Holdings Corp

Toyota Plans Record Production in 2012

Toyota plans to produce a record 8.8 million vehicles in fiscal 2012 with new capacity in China, India, Brazil and the U.S.

S. Korea to Fine Apple Over Tracking Feature

The Korean unit of consumer electronics giant Apple will be fined over an iPhone feature that can track the location of users.

Ikea to Probe Counterfeit Store in China

A furniture store in southwestern China's Kunming is such an accurate copy of an actual Ikea store that the Swedish furniture giant is considering legal ...