MasterCard didn't make a peep earlier this month when word leaked that Beijing had halted the company's transactions in renminbi. Leaked documents didn't show when the payments were terminated, but the central bank effectively stopped the ...
Tags: MasterCard, Foreign Firms, Credit Cards
China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...
Tags: Risky Economy, credit crunch
Hewlett-Packard is joining the list of companies bringing Android to the PC, and has unveiled a 21.5-inch all-in-one desktop installed with Google's operating system. The device, called the HP Slate 21, was shown off at an HP event in ...
Tags: Hewlett-Packard, Desktop, Android
According to the news reported by PR Newswire on June 18, SMIC announced that Mr. Sean Maloney has been appointed as an Independent Non-executive Director of SMIC came into effect on June 15, 2013. And Dr. Gao Yonggang has served as SMIC's ...
The price of a new car license plate in Shanghai fell for the third consecutive month after hitting a record high of over 90,000 yuan (14,679 U.S. dollars) in March. In a monthly auction that ended at noon Saturday, the average bid for a ...
Tags: Car Plate, Auto Accessories
The Australian dollar continued to fall today, sparking the biggest one-day sell-off in government bonds since the turmoil in global markets that followed the collapse of US investment bank Lehman Brothers in late 2008. Bond traders said ...
About a third of the country's baby formula businesses will be axed, in what experts are calling a major consolidation of the industry. The government has been trying to revive the industry since the 2008 melamine scandal, but consumer ...
Tags: Baby Formula, milk powder
Sydney-based Commonwealth Bank of Australia (ASX: CBA) saw three village banks run into operation in Hebei Province, China recently. The three institutions spread in Xinji City and Handan City, each, with small- and medium-sized ...
Recently, Microsoft Bing initiated a global PK in Beijing, challenging Google that has been taking the lead in the US search engine market. Insiders analyzed that the global PK is in line with the development strategy for the Chinese ...
Tax Free Worldwide, a specialist in VAT refund services for shoppers and retailers has announced a significant extension to its refund network across China, Russia and Ukraine. Partnerships have been agreed with Transforex in China, SMP ...
Tags: United Kingdom, Apparel&Accessories, Network
The 24th China International Glass Industrial Technical Exhibition (China Glass 2013) was successfully held at China International Exhibition Center in Beijing from May 24th to 27th. In the context of unoptimistic global economic ...
Tags: Construction, glass
The Aussie slumped to a fresh 33-month low today as the US central bank signalled plans to rein in its stimulus program before the end of the year and China's economy showed more signs of a slowdown. At 5pm AEST, the Aussie was trading at ...
Train maker China CNR Corp. Ltd. (SHSE: 601299) accused domestic archrival CSR Corp. Ltd. (SHSE: 601766) of low-price competition in Argentina. CSR Corp. announced CNY 7.8 billion worth new contracts on May 27 and among the total, ...
Tags: Industrial Equipment, Components
Taiwan LED Lighting Industry Alliance will publish the cross-strait common specifications on LED lighting products on June 18, which is the first Electrical Specifications on LED lighting around the whole world, the cost of LED lamps will ...
From January to May, the private investment in fixed assets reached 8,383.2 billion yuan, a year-on-year increase of 23.8 percent in nominal terms, down by 0.1 percentage point over the first four months. The proportion of private ...
Tags: Private Investment, Fixed Assets