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.
Prada SpA reported a 28 percent drop in full-year profit as fewer Chinese shoppers splurged on $2,950 leather handbags and other luxury products.
China Cinda Asset Management Co, one of four State-owned managers of soured loans, increased its distressed-asset holdings 80 percent last year and expects buying opportunities to expand as the nation's economy slows.
Fund outflows could undermine the economy if China liberalizes its capital account too rapidly, a senior economist has warned.
At last week's China Development Forum, there was a consensus among international business leaders that a Chinese economy in its "new normal" of slower but more sustainable growth, driven by innovation and higher value-added activity, would be crucial in maintaining a healthy global economy.
As the Chinese increase investment in the United States, they are discovering the US legal system, which in turn is being schooled about an ancient culture and people. The result is a steep learning curve for both sides, according to legal observers.
London's strategy to become the world's first city to create an ultra-low emission zone is a valuable idea for Beijing to consider.
Investors are bailing out of commodity funds at the fastest pace on record, and the exodus shows no signs of ending.
The US economy's tepid performance last quarter - a 2.2 percent annual growth rate - was typical of the economic rebound that began in the summer of 2009. Yet the sluggish pace of the recovery has a silver lining: This growth spurt has proved to be one of the most durable since World War II.
Honda Motor Co will soon learn whether giving a designer with no engineering experience five years to develop a sports car is pure genius or plain madness.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
