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Zambia trade zone gets $800m funding

[2015-04-01 08:57]

Companies from the Chinese mainland have made a commitment to accelerate investment in Zambia under agreements valued at $800 million.

Huawei revenue up 20% to $46.29b

[2015-04-01 08:57]

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.

Factory data add to Abe's woes

[2015-04-01 08:57]

Figures deal yet another blow to Japanese prime minister's attempt to tackle deflation

US airlines slog to slowest start since 2011

[2015-04-01 08:57]

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.

Investment billionaire Ambani sets his sights on Israel in quest for startups

[2015-04-01 08:57]

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 seeks to attract non-oil capital

[2015-04-01 08:57]

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 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.

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