Weather New York, NY +87°F

china

Industrial and Commercial Bank of China

A long-stretched financial winter looms over Hong Kong

Hong Kong's international financial hub is reeling under pressure as the world's largest and second largest economies are impacting it more in a negative way.

Read Full Article
African American woman shopping on cell phone

IDC: Worldwide Smartphone Market Will See the First Single-Digit Growth Year on Record

On Thursday, the new market forecast said that global smartphone sales growth will cool to single digits for the first time amid the China's economic slowdown. IDC predicted the 9.8% increase in global smartphones shipment to a total of 1.43 billion units. Android dominates the market share with 81.2% with Apple holding only 15.8%.

Read Full Article
China

China pledges $60B funding package support development efforts in world's poorest continent

China shows support to its long-time ally, Africa, by providing the continent funding support worth $60 billion.

Read Full Article
Warren Christopher (L) and William Perry (R)

U.S Government Is Putting Huge Effort To Pace Up With The Surging Demand Of Weapons

In order to ensure faster processing of foreign arms sales in the US, the government is putting immense effort. In the financial year 2015, the foreign arms sales heaved 36% to 46.6 billion. Besides, as per pentagon official's view, the sudden surge expected to remain strong in the coming years.

Read Full Article
Evergrande Real Estate Group Ltd

Evergrande Bought 50% of Great Eastern Life Assurance for Share 3.9 billion yuan to diversify into insurance

One of the largest property developers in China, Evergrande Real Estate Group Ltd., acquired 50 percent share from Great Eastern Life Assurance Co for 3.9 billion yuan, or $610 million, to get into the insurance industry.

Read Full Article
Oil tanker

Oil supply glut creating traffic jams at sea

The skyrocketing oil inventories are paving the way for more traffic jams on the seashores as oil tankers are queuing up along the US Gulf Coast. The uncompromised Opec's decision to continue its production level coupled with shale production in the US is adding to huge volumes of inventories.

Read Full Article
Apple Pay

Apple Pay soon to enter China's grounds by February

Apple Pay is stealing consumer's loyalty in multiple countries. After the introduction of rival services Samsung Pay and Google's Android Pay, Apple Pay also considers the need to expand itself, especially to China which represents as significant business opportunity for mobile-payments systems.

Read Full Article
Coal

Australian Prime Minister Urges Chinese Premier for speedy Environmental Test on coal imports

Australian Prime Minister Malcolm Turnbull urged Chinese Premier Li Keqiang to hasten environmental tests of sulfur content on coal imports as Australian exporters claim that the new standards disrupts the trade and drives down the already low prices.

Read Full Article
Space satellite

US, China to roll out 'Space Hotline' to avoid conflicts

The world's largest and second largest economies have established 'Space Hotline,' a new communications channel to serve as a diplomatic safety valve.

Read Full Article
Drone

DJI open its first drone store in China

World's biggest drone maker, the China SZ DJI Technology Company announced that they are planning to open its first flagship store in China. According to the announcement, the company will open a store in the heart of Shenzhen shopping center as soon as December before the shopping district get busier as customers preparing for a festive season.

Read Full Article
U.S. President Barack Obama

Obama to sign TPP deal with Philippines and Vietnam in APEC Summit

US President Barack Obama is heading for an Asian trip and is expected to join the APEC Summit in Manila to talk about the Trans-Pacific Partnership. The Asia-Pacific Economic Co-operation (APEC) summit, which will be attended by all Asia-Pacific leaders will be the center of Obama's attention to deliver a speech and convince leaders to sign the agreement.

Read Full Article
Chinese stocks

China Doubles The Deposit For Stock Margin Trading

China will double the deposit needed for investors to obtain funds to trade stocks, known as margin trading - The Shanghai stock trade explained on Friday, as authorities look to constrain a practice that made an enormous market bubble.

Read Full Article
China

China to drop down its copper imports following weak domestic demand

China to face decline in copper imports for the next year as the response of its weak domestic demand on copper driven by slowing economy in the country. China released weaker than expected economic data that raised serious concerns over the country's future demand for industrial metal.

Read Full Article
Indonesia

Indonesia challenges China's claims on South China Sea claims

Indonesia's Foreign Minister on Thursday announced that its country demanded China to explain and prove its claims on the South China Sea, as Indonesia accuses China of claiming parts of the Indonesian-ruled Natuna Islands to be part of China's nine-dash line.

Read Full Article
Anthony Tan

Uber Rival GrabTaxi Launches GrabHitch Carpooling Service in Singapore

After enjoying successful services in several Asian countries, GrabTaxi introduced a carpooling service in Singapore. The service is available for testing on Wednesday in the country. Drivers participating in GrabHitch must provide elligible document and verification checks.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics