Corporate News

Chinese court sentences Anbang founder to 18 years for fraud

May 10, 2018

Chinese state media say the founder of the Chinese insurance company that owns New York City's Waldorf Hotel has been sentenced to 18 years in prison for fraudulently raising $10 billion from investors

HSBC says quarterly profit dips, plans $2B share buyback

May 4, 2018

HSBC says quarterly pretax profits dip, plans $2 billion share buyback

Chinese smartphone maker Xiaomi files for Hong Kong IPO

May 3, 2018

Chinese smartphone maker Xiaomi files for Hong Kong initial public offering.

5 firefighters, 2 workers killed in Taiwan factory blaze

Apr 30, 2018

Taiwan is mourning the deaths of five firefighters and two workers in an intense weekend blaze at a printed circuit board factory

Geologists say N. Korea's nuclear test site likely collapsed

Apr 26, 2018

A study by Chinese geologists suggests the mountain where North Korea has conducted five successive nuclear bomb tests has likely collapsed

Asian markets mixed as investors consider latest earnings

Apr 26, 2018

Asian stock markets were mixed on Thursday as investors digested the latest quarterly corporate earnings

Chinese automaker plans electric car production in SAfrica

Apr 25, 2018

Chinese automaker BAIC announces plans to produce electric cars in South Africa as Beijing auto show highlights China's growing role in the emerging technology

US brands suffer collateral damage in Chinese corporate war

Apr 23, 2018

Executives tell AP their companies were punished by Alibaba after they refused to enter exclusive partnerships with the Chinese e-commerce giant, which denies wrongdoing

At war with Alibaba: Top brands fight China e-commerce giant

Apr 23, 2018

Executives tell AP their companies were punished by Alibaba after they refused to enter exclusive partnerships with the Chinese e-commerce giant, which denies wrongdoing

China auto show highlights industry's electric ambitions

Apr 22, 2018

Global automakers are showcasing their efforts to create electric cars for China's fast-growing but crowded market at their industry's biggest show of the year

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