China's Huawei Technologies Co Ltd, one of the world's largest telecom equipment makers, posted on Thursday a 15 percent rise in half-year revenue, the slowest growth for that period in four years.
Revenue grew to 283.1 billion yuan (US$42.03 (...)
Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holdings (0700.HK) will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state (...)
A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world's premier financial centers, even as Beijing struggles to tame the former British colony politically.
Twenty years (...)
Lenovo Group chairman and chief executive Yang Yuanqing told Reuters on Thursday the company's China business reorganization will not affect its mobile business on the mainland.
Yang, speaking after the company reported a return to profit for the (...)
Chinese telecom equipment and smartphone maker Huawei Technologies Co Ltd said on Friday (Mar 31) that net profit edged up just 0.4 percent last year, its slowest annual growth since 2011.
Huawei, the world's No. 3 smartphone maker behind Apple Inc (...)
Staff at China's Huawei Technologies Co Ltd [HWT.UL] are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit (...)
Morgan Stanley (MS.N) and UBS Group AG (UBSG.S) are set to raise their stakes in separate Chinese securities joint ventures to 49 percent, people with direct knowledge of the moves said, betting on strong deals momentum in the world's second-largest (...)
McDonald's Corp (MCD.N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to $2.1 billion, seeking to expand rapidly without using much of its own (...)
Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo (...)
Spot gold edged lower Thursday, taking a breather after hitting a three-month high in the previous session, while sentiment remains supported on hopes of further monetary easing after sluggish economic data from the euro zone and China.
Data showed (...)
Global leaders and businessmen urged Europe Monday to take fresh steps to resolve its deepening debt crisis, with a top executive of the IMF warning the continent will see a “downward spiral of collapsing confidence” if no further action is (...)
A new mobile app enables travelers to plan trips with a little help from their friends.The app, called Trippy, links the users with friends in their social networks who have information on a particular city, either through living, studying, or (...)
English Premier League soccer champions Manchester United are looking to raise $1 billion via a stock market flotation in Singapore by the end of this year, sources with direct knowledge of the situation said Tuesday.
A Singapore initial public (...)
based distressed debt firm, founded by ex-Deutsche Bank veterans, has approached trade creditors of Dubai's troubled property firm Nakheel with an aim to taking the claims off their hands, a document seen by Reuters showed.
The move by SC Lowy (...)
Hong Kong's billionaires are finding it harder to buy peace and quiet these days.
After years of turning a blind eye, the government this month issued regulations demanding tycoons move the imposing gates of their luxurious estates closer to home, (...)
US Secretary of State Hillary Clinton sought to reassure Asian investors over US debt worries on Monday, saying she was confident President Barack Obama would ultimately reach a deal with congressional leaders to prevent a catastrophic (...)
Chemical extracts from cigarette butts - so toxic they kill fish - can be used to protect steel pipes from rusting, a study in China has found.
In a paper published in the American Chemical Society's bi-weekly journal Industrial & Engineering (...)
A Chinese Ming dynasty painting by classical master Shitao valued at almost $15.5 million will be auctioned next month by Christie's, which said the work was the most valuable Chinese painting ever to be put under the hammer in Hong Kong. (...)
Hong Kong action thriller “Bodyguards and Assassins” scooped several top honours at the Asian Film Awards (AFA) in Hong Kong on Monday, but was eclipsed for best picture by the South Korean movie “Mother”.
Wang Xueqi scooped the best actor award (...)
like species of humans may have colonized the Indonesian island of Flores as far back as a million years ago, much earlier than thought, according to a new study published Thursday.
These early ancestors, or hominins, were previously thought to (...)
Sotheby's will auction next month a rare, large blue diamond that was once part of the legendary De Beers Millennium collection, with fierce bidding expected on the $4.6-$5.8 million estimate price.
The 5.16 carat, pear-shaped internally flawless (...)
China has unearthed the fossil of a two-legged carnivorous dinosaur that lived 160 million years ago and which researchers have identified as the earliest known member of a long lineage that includes birds.
The “Haplocheirus sollers” had a long, (...)
Chinese writer Su Tong has won Asia's top literary prize with a bleak novel about a disgraced Communist Party official's attempts to rebuild his life, trumping a clutch of Indian writers on the shortlist.
Su's novel, “The Boat to Redemption” is (...)
carat pink diamond will be sold in Hong Kong this December by Christie's, which expects the stone to hover near world record prices, thanks in part to the buying prowess of top Asian jewelry collectors.
The stone, set in a so-called “cushion-cut” (...)
Chinese researchers have managed to create powerful stem cells from mouse skin and used these to generate fertile live mouse pups.
They used induced pluripotent skin cells, or iPS cells – cells that have been reprogrammed to look and act like (...)