China

China's Sinopec plans to buy majority shares from petrochemical firm Dragon Aromatics, after suffering fire accidents

China’s Sinopec Corp plans to buy petrochemical firm Dragon Aromatics after a series of accidents, which involved explosions and fires that jeopardized the lives of the residents in the locality.

China's economy posts weakest growth in six years

China posts its slowest growth since the financial crisis, fueling speculations of further government intervention. The world's second-biggest economy posted GDP growth of 6.9% in the third quarter, its weakest in more than six years.

Copper production curb possible if less demand continues in China

The demand for copper along with other metals such as zinc and aluminum declined. This scenario prompts mining companies to control the production if necessary to also have contro on the prices.

Apple disabled News app in China

Apple is blocking its own News app to comply with Beijing's censorship regulations as required by the Chinese government. Apple and other companies must create their own censorship system to remove irrelevant articles from their feeds otherwise they cannot operate in the country.

Volkswagen emissions scandal alarms China quality watchdog

Volkswagen scandal has not spared China from the software that creates false results for emission tests. This cause AQSIQ and the Chinese government to conduct a separate investigation regarding the issue. VW will be hurt most if China takes its toll on the automaker since the country comprises a third of its total global sales.

New H&M stores to open in China

Despite China's market slowdown, still investors take the risks to open business such as H&M. The clothing company will spread its brand awareness among Chinese consumers with hopes that it will be successful.

Boeing factory will soon land in China

A new Boeing factory will be opened soon in Zhoushan, China for its 737 jetliners. The submitted proposal still needs approval of the State Council as well as the China's cabinet to have the country do the painting of airline company's top-grossing jetliners.

China joins US in fight against cyber crime

President Xi Jinping said in his closing speech in Seattle that China is ready to set up a joint force to combat cyber crimes. He gave this assurance to tech company executives attending a closed-door meeting.

Asian shares advance as Fed keeps rates unchanged

Asian markets advanced Friday, buoyed by the US Federal Reserve's decision to keep interest rates near zero. But Japanese shares fell as the yen strengthened.

Obama to host China's president on September 25

President Barack Obama is hosting his Chinese counterpart Xi Jinping, who will be in the US next week for an official state visit. Apart from strengthening economic ties, the two leaders are going to address thorny issues, including recent cyber attacks as well as China's controversial maritime claims.

Europe milk over-supply makes it cheaper than water

Europe is selling milk cheaper than water. Because of the food embargo imposed by Moscow and the decreased demand of China, dairy farmers are struggling forcing them to sell their precious produce lower than their production cost.

Putin urges investors to invest in Russia's Far East

A call for investments from local and foreign investors has been rolled out by the Russian President Vladimir Putin in Russia's abundant Far East with a promise of high return on investments.

IBM to fight pollution in China with artificial intelligence

China has been fogged with severe pollution and IBM is willing to help lessen if not totally clear the air from harmful particulates. They will use a syatem that can predict the level of air pollution several days ahead of time.

Around 200 people arrested in China for spreading stock market rumors

Chinese authorities arrested 197 people for spreading rumors that can lead to troubles. The rumors they have spread included a man jumping to death in Beijing because of the drop in stock market.

Oil price rebound relieved oil markets

Having a good jump from its almost six-and-a-half years low, oil market has every reasons to breath a sigh of relief. Oil price in the world market rebounded to $50.

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