Apple Inc (AAPL.O) beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time, but the company gave no sales figures for its new Apple Watch.
Tags: China
China's struggles argue for stimulus all round
China's factories stayed stuck in the slow lane in April while Japanese output went into reverse and South Korea suffered its worst export performance in two years, adding urgency to calls for more state stimulus in all three economies.
McDonald's fries supplier fined in China for water pollution
Beijing authorities have fined U.S.-based J.R. Simplot's China processing unit, which supplies frozen french fries to McDonald's Corp, 3.92 million yuan ($632,370) for water pollution, state media and Simplot said.
China agrees $2-billion infrastructure deal with Equatorial Guinea
China's biggest lender by assets, Industrial and Commercial Bank of China, said on Wednesday it had signed an infrastructure pact worth $2 billion with the oil-rich west African nation of Equatorial Guinea.
China wine growers beat France into second place
China overtook France last year as the world's second largest wine grower by area under cultivation as it continued to plant vast fields of mostly imported grape vines to meet growing demand.
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One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialized nations. With nuclear power in the doldrums after the Fukushima disaster, it's solar energy that is becoming the alternative.
Xiaomi introduces Xiaomi Mi 4i with features such as 5-inch 1080 IPS screen, Sunlight Display, Android 5.0 OS, and many more. The device is set for release on April 20 in India with a price of just Rs. 12,999 ($205).
China will likely cut the number of its central government-owned conglomerates to 40 through massive mergers, as Beijing pushes forward a sweeping plan to overhaul the country's underperforming state sector, state media reported on Monday.
Chinese e-commerce leader Alibaba Group Holding Ltd and state-owned China Telecom Corp Ltd have tied up to sell inexpensive smartphones aimed at boosting mobile commerce in smaller cities and rural areas.
Sweden's Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group [GEELY.UL], Volvo's chief said.
Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggests.
Emerging Asian central banks are expected to cut interest rates again in the coming months, but economists polled by Reuters are doubtful the moves will significantly boost growth or inflation.
China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be "blindly optimistic" as the pace of job creation is slowing.
When Afghan President Ashraf Ghani makes his first official visit to India next week, it will be a chance for New Delhi to regain ground lost to regional rivals Pakistan and China and push interests including trade routes and arms sales.
