Banking giant Industrial and Commercial Bank of China (ICBC) kicked off its yuan clearing services in Singapore on Monday, marking a milestone in Singapore' s development as an offshore yuan hub.
Li Keqiang wrapped up his first official visit abroad as Chinese premier on Monday with a clear and strong message to Europe: more cooperation, less protectionism.
Australian government will invest 36 million Australian dollars (35.3 million U.S. dollars) to expand its food into the growing Asian market which is mainly pulled by China, according to a new plan released recently.
Once described as "China's Amazon," e-commerce website Dangdang.com is finding itself fighting to stay afloat due to rabid competition.
The Democratic People's Republic of Korea (DPRK) on Wednesday accused the United States of slandering its socialist system through a report on religious freedom.
Iran further expanded its nuclear enrichment capability by installing hundred advanced centrifuges in a uranium enrichment plant, the International Atomic Energy Agency (IAEA) said on Wednesday.
Once described as "China's Amazon," e-commerce website Dangdang.com is finding itself fighting to stay afloat due to rabid competition.
A special envoy left Pyongyan Wednesday for a visit to China. International media shares the view that the trip is DPRK's effort to repair its badly damaged ties with China.
Workers at Rio Tinto's subsidiary Port Waratah Coal Services (PWCS) in Newcastle, Australia, have announced a new work stoppage scheduled for Friday following a four-hour pause a week ago, with further action endorsed by over 200 union members in an ongoing industrial dispute over pay and conditions.
The Cypriot economy is expected to return to growth in 2015 after a two-year recession, the International Monetary Fund said Friday.
U.N. Secretary-General Ban Ki-moon is ready to "help facilitate the process of peace and trust-building on the Korean Peninsula" to avoid "miscalculation and dangerous escalation," U.N. spokesman Martin Nesirky told reporters here Sunday.
A debate has heated up over whether a bubble is building in the U.S. bond market, with the consequent risk of another financial crisis. But at least all agree the Federal Reserve's exit strategy for its quantitative easing policy is a source of uncertainty in bond and other markets. The later the Fed discards the policy, the more likely a bond bubble will emerge.
The recent snooping scandal involving global financial information and news provider Bloomberg LP has sounded an alarm for the Chinese financial industry and its heavy reliance on foreign data services.
Following the Hong Kong Shanghai Corporation (HSBC)’s announcement of layoff plan, a top manager of its subsidiary Hang Seng Bank swept aside fear of redundancy for her subordinates.
International Red Cross officials have recognized the efforts and achievements made by the Red Cross Society of China (RCSC) despite the society's degrading credibility in China.
Alibaba changed its leader on Friday in what the company describes as "a year of transition" for the world's largest retail giant. With an initial public offering potentially on the cards, Alibaba faces three challenges - management, listing and innovation, according to industry insiders.
The two-day finance ministers and central bank governors meeting of the Group of Seven (G7) closed at the Hartwell House in Aylesbury of Buckinghamshire, southern England, on Saturday with no substantial agreements announced.
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