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General Images Showing Advertising For Renminbi Bonds In Hong Kong

Guosen Securities denies bond default

China's eighth largest investment bank, Guosen Securities, has clarified on behalf of its unit that there's no default on its offshore debt. The trustee of the offshore bond Bank of New York Mellon (BNY) had earlier warned bondholders of a possible default.

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CHINA-ECONOMY

China's eight largest bank defaults on ‘dim sum’ bond

A unit of China's Guosen Securities in Hong Kong have defaulted on a dim sum bond. However, analysts doubted the default as the brokerage is in a strong cash balance.

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A figurine of Ronald McDonald stands outside a McDonald's restaurant

McDonald’s Expands More New Restaurants in Asia

McDonald’s is planning to extend its fast food empire to Asia by opening additional restaurants in Hong Kong, South Korea and China. It is also seeking strategic partnership in Japan and Taiwan.

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Key Speakers At Boao Forum For Asia Annual Conference

Prime Minister Li Keqiang is Optimist for China's Economic Recovery

In the annual Boao Forum for Asia (BFA) last Thursday, Premier Li Keqiang deliver keynote speech. He pledged the government will refrain to intervene in economic and market.

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Association of Southeast Asian Nations (ASEAN) Summit 2014

US Seeks to Strengthen Economic Relationship with ASEAN to Counter China

As China has increased its influence in Southeast Asia, U.S. stepped in. United States plan to match China in rebalancing Asia by increasing partnership with ASEAN.

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Paris Games Week 2015 At Porte de Versailles In Paris

Ubisoft Managing Director Noticed Trust Established by Filipinos in Ubisoft Singapore, Expands Studios to the Philippines

Game developer Ubisoft is expanding its business to the Philippines and will be named Ubisoft Philippines. It will be headquartered in Sta. Rosa, Laguna which is a great geographical site. One reason for the move is the trust established by Filipino employees led by manager Chip Go that was being noticed by Ubisoft Managing Director Oliver de Rotalier.

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Shanghai Disneyland Park Sales Ticket

Shanghai Disneyland Opening Day Tickets Sale Is A Blockbuster!

It's a record for Shanghai Disneyland as its June 16 opening day tickets became sold out after a few hours of selling. Discounts await children, seniors and guests with disabilities including those who will purchase for a two-day event.

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Opening Day Of The World Economic Forum (WEF) 2016

ArcelorMittal to sell 3 of its US steel operations

Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at LaPlace in Louisiana, Harriman in Tennessee and El Paso in Texas. Both companies denied to provide terms of the deal.

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Workers Harvest Sugar Cane

The World is Facing Sugar Shortage Until at Least 2017, Caused by El Niño

El Niño is hitting on cane productions especially in Asia, leading to a global shortage and the rise in prices. This would be the first year of sugar shortage after years of surplus. The shortage is projected to be prolonged to at least next year.

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Billionaire Gina Rinehart Hosts Tour of Roy Hill Iron Ore Mine Construction

Iron Ore Climbs as China Property Market Recover

Price of iron ore rallies as China's property market showed further sign of recovery. Surge in the price of iron ore also correlated with increase in steel futures.

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China's Anbang Insurance Group Makes Buyout Bid For Starwood Hotel Group

China's Anbang to Acquire Starwood Hotel Group At More Than $13 Billion Bid

Starwood is about to dump Marriott's offer in favor of Anbang's more than $13 billion bid for the acquisition. If the deal pushes through, Starwood will pay Marriott a breakup fee of $400 million. Marriott has been given five days to counterbid.

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Cuba Faces Historic Changes As Relations With U.S. Broaden

U.S. Competes with China for Business and Influence in Cuba

China and U.S. has been competing for a place in the economy and politics of Cuba. China has been doing business with Cuba for several years and the U.S. is just making a start. The edge that Washington sees is the proximity as being Cuba's neighbor.

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Samsonite Closes Denver Plant

Samsonite Sales Reach Record at £1.6 billion With £136 million Profit as China Sales Soar

Samsonite saw strong sales in Asia, particularly China, in 2015. The company is not sure about 2016 outlook due to potential challenges, as it moves forward to boost presence in Asian markets.

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JAPAN-TRADE-ECONOMY

Yen rise deflates value of Japan's exports to US

The strengthening of Yen is eroding the value of Japan's exports to the US. Its overall exports volume was flat, while the value declined over four percent owing to rising Yen.

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A taxi driver is using Didi Dacha App while driving on the...

China Will Regulate Ride Hailing Services while Indonesia Plan to Ban Them

China will try to draw up rules to regulate ride hailing service as the market has grown very big. Meanwhile Indonesia transportation minister plan to ban Uber and GrabTaxi.

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