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IBM to harness 'Internet of Things'

[2015-04-01 08:57]

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.

HK losing sheen as offshore yuan center

[2015-03-31 08:22]

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.

Yurun's cup of woes runneth over

[2015-03-31 08:22]

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 posts 28 percent drop in profit

[2015-03-31 08:22]

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.

Slowing growth may be windfall to Cinda

[2015-03-31 08:22]

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.

Currency liberalization a slow process

[2015-03-31 08:22]

Fund outflows could undermine the economy if China liberalizes its capital account too rapidly, a senior economist has warned.

Regulatory certainty 'key' for transition

[2015-03-31 08:22]

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.

US legal system can be a trial for Chinese firms

[2015-03-31 08:22]

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.

Other cities can learn from London's drive for clear air

[2015-03-31 08:22]

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.

Surplus sparks commodity exodus

[2015-03-31 08:22]

Investors are bailing out of commodity funds at the fastest pace on record, and the exodus shows no signs of ending.

US growth may be mild, but it's also durable

[2015-03-31 08:22]

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.

Will Honda's bet on its young design prodigy pay dividends?

[2015-03-31 08:22]

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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