Rising risks in financial, property sectors may lead to an increase in foreign-currency holdings
China will take decisive measures to diversify trade, investment and bilateral ties with countries along the "One Belt, One Road" and enable easier domestic market access for foreign companies, the Ministry of Commerce said on Tuesday.
Establishing overseas warehouse facilities seems to be becoming mandatory for e-commerce firms doing cross-border transactions, as more online consumers are becoming picky on delivery timings, said a report on Tuesday.
Companies from the Chinese mainland have made a commitment to accelerate investment in Zambia under agreements valued at $800 million.
Huawei Technologies Co Ltd's 2014 revenue was likely 287 billion yuan ($46.29 billion) to 289 billion yuan, an increase of roughly 20 percent from a year earlier, the company said on Tuesday in its unaudited results.
Figures deal yet another blow to Japanese prime minister's attempt to tackle deflation
US airline shares are off to their worst start since 2011 amid concern that carriers are offering too many seats, chipping away at one of the industry's most closely watched measures of sales.
Billionaire Mukesh Ambani is scouting for startups that may dovetail with his own plans for e-commerce and phone services in India. For that, he is willing to look as far as Israel and Silicon Valley in the United States.
Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdom's investment authority said on Monday.
IBM is investing $3 billion to build an "Internet of Things" division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using it to help companies better manage their businesses.
Stiff competition from emerging offshore yuan centers around the world eroded Hong Kong's share of global payments in the Chinese currency during February, the Society for Worldwide Interbank Financial Telecommunication said in a report on Monday.
Zhu Yicai, the billionaire chairman of Yurun Holding Group Co Ltd, has been placed under residential surveillance by authorities since last Monday, said a notice released by the company on Monday.
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Raymond Zhou
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