China

Official manufacturing PMI in China Slips Further in December

Official manufacturing PMI in China Slips Further in December The manufacturing sector of China is not flashing a rosy picture and the soft performance in December suggests that the country will probably miss its target for economic growth in 2014.

Xiaomi to Invests 1.27 billion Yuan in Midea, a Home Appliance Manufacturing Company

Xiaomi to Invests 1.27 billion Yuan in Midea, a Home Appliance Manufacturing CompanyXiaomi Inc. the four year-old smartphone maker from China plans to invest approximately 1.27 billion yuan to buy a small stake in Midea Group, which is a maker of home appliances in China. The announcement in this regard was made by both the companies on Sunday in a joint statement.

China Coal-Mine Accident Takes 24 Lives

China Coal-Mine Accident Takes 24 LivesAccording to state media reports, in a latest coal mine accident, 24 workers were killed in China.

Quoting the state-owned Fuxin Coal Corporation, the official Xinhua news agency said that the fire at the mine also injured 52 people. The mine where the accident happened is located in country's north-east in the Liaoning province.

Sina Corp. Posts Lower Profits for Third Quarter

Sina Corp. Posts Lower Profits for Third Quarter Sina Corp. the Internet firm of China, posted a trimmed third-quarter earnings after excluding items due to increase in operating expenses. On Thursday, the company said that its well known social media platform Weibo made advancement in revenue and in the number of users.

Gold Prices Fall Further with Expected Declines Ahead

Gold Prices Fall Further with Expected Declines AheadOn Monday in the Asian market though gold slipped further, copper gained before of some data from China is expected this week.

Gold for delivery in December, on the Comex division of the New York Mercantile Exchange, traded at $1,174.40 per troy ounce. This figure was a fall of 0.25%, after it closed at $1,169.80 a troy ounce on Friday at the end of closing of trade.

Jack Ma on Alipay And Payment Partnership With Apple

Jack Ma on Alipay And Payment Partnership With Apple The richest man of China, Jack Ma, who is also the founder and head of Alibaba Group, the e-commerce site said that he hoped in the future to do "something" with Apple Inc. This statement came from him after he met Tim Cook on Monday.

Pages

Popular Stories