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  • Chinese Government’s Rescue Measures Risks the Financial System

    Published On : Jul 7, 2015  

    The Chinese government has introduced a new series of measures in the last couple of days to stop the stock market from crashing. The measures are the government’s way of assuring people about its efforts to keep the stock market afloat. The introduction of the new measures helped the market a bit with the Shanghai Composite closing up 2....

  • ICICI Bank Launches Dedicated Mobile Payment Gateway

    Published On : Jul 7, 2015  

    ICICI Bank has launched a new separate payment gateway for the mobile banking transaction which will help in faster transactions. The move can be attributed to the bank’s larger customer base for mobile banking. While launching the mobile banking app, ICICI Bank’s executive director Rajeev Sabharwal said that presently the bank is g...

  • India’s Hector Beverages Raises $29 million Worth of Investments

    Published On : Jul 7, 2015  

    Hector Beverages Pvt Ltd, the Gurgaon-based beverages company that manufactures beverages and soft drinks under the brand Paper Boat, has recently raised $29 million (Rs 183 crore) in a Series C fund-raising round led by the Belgian investment company Sofina and Chinese company Hillhouse Capital. The company stated that the existing inv...

  • Food and Safety Standards Association of India to Review Caffeine Standards in Caffeinated and Energy Drinks

    Published On : Jul 7, 2015  

    FSSAI, the food safety regulator in India, has decided to review the standards of caffeine in energy and caffeinated drinks and has publicly announced for the look out of agencies to carry out the work. It will be the duty of the agency to study the pattern of consumption of caffeinated and energy drinks in the country. Caffeinated and ...

  • Images Reveal Chinese Construction on Man-made Island Nears Completion

    Published On : Jul 7, 2015  

    An airstrip which is 3,000 meter long being built by Beijing on a reef on South China Sea which is under dispute, is almost complete. The airstrip is planned to be long enough to have place for most military aircraft of China, as commented by security experts, which will enable greater reach for Beijing into the center of maritime South...

  • Newly Appointed Honda CEO Desires Exciting Cars

    Published On : Jul 6, 2015  

    The new CEO of Honda Motor Co., Takahiro Hachigo, plans to reboot the failing automaker by devising development of exciting cars, staying clear of numerical targets to be achieved, and to use the company’s overseas production capacity to the fullest to absorb global overcapacity. Addressing the first news conference after taking o...

  • GM Reports Flat June Auto Sales in China

    Published On : Jul 6, 2015  

    The vehicle sales of the General Motors Co in June were reported to be flat in China, despite the price cuts introduced given earlier in the year did not succeed to raise demand. GM and the joint ventures of the company in China sold 246,066 cars in June, which were reported to be unchanged from the previous year, as stated by the U.S. ...

  • China Evolution Still in Progress as Beijing Prefers Greater Consumption

    Published On : Jul 6, 2015  

    China's old model of development delivered the most grounded, most asset escalated financial development ever experienced globally. However, the period in which China's development commanded world interest for metals and energy, and lifted worldwide products costs to phenomenal levels has arrived to an end.  This is most unequivoca...

  • SRF's Sales to be Supported by Chemical Business

    Published On : Jul 6, 2015  

    The supply of SRF is up 24% over the period of 14 days and had reached its lifetime high after the administration broadened the opposition to dumping obligation procurement on the Chinese imports of nylon tire string fabric, for further five years of time. The item acts as an input for the production of automotive tires.  The organ...

  • Alcatel-Lucent Enters into Agreement with China Unicom and China Mobile

    Published On : Jul 3, 2015  

    China Mobile and China Unicom have initiated its shift to cloud-based network. To support their transition, they have entered into a partnership with Alcatel-Lucent, a France-based company. In a statement, Alcatel-Lucent has said that it will assist these Chinese telecom operators to deliver reasonably-priced mobiles and fast Internet connectio...

  • Desano and Viiv Healthcare Plan Manufacturing in China

    Published On : Jul 3, 2015  

    In a strategic manufacturing agreement, Desano Pharmaceuticals and ViiV healthcare made an announcement to commence production of dolutegravir in China. This will enable another source for active pharmaceutical ingredient (API) for dolutegravir, and will also enable Viiv Healthcare to offer competitive supply of the final product (dolutegavir 5...

  • USB Eyes to Capitalize on Growth Wealth Management Needs in China

    Published On : Jul 2, 2015  

    According to a recent report published by leading Swiss Bank, UBS, affluent Chinese have exhibited increased propensity towards long-term investments and diversifying their assets. The lead analysts of UBS sees heightened need for wealth management in the country.  As an increasing number of people from China attain assets above US...

  • UK Car Industry Looks Positive, Demand Hits New Level

    Published On : Jul 2, 2015  

    According to the reports, numbers are looking good for the UK car industry. The demand for new motors in the domestic and the international markets has registered new records last year. Around 1.6 million vehicles were manufactured last year in Britain, of which 1.53 million were cars. This has been highest annual output of the industry since 2...

  • Major Chinese Purified Terephthalic Acid Manufacturing Companies Plan Production Rate Cut

    Published On : Jul 2, 2015  

    Two major purified terephthalic acid (PTA) makers in China- Hengli Petrochemical and Zhejiang Yisheng Petrochemical Co have announced plans to cut on production rate owing to thin profit margins, as commented by sources close to the company. The announcement made by the two biggest PTA producers in China have led to sharp rise in PTA fu...

  • China and Cuba Sign a Collaborative Agreement for the Development in the Field of Biotech

    Published On : Jul 1, 2015  

    China and China held a two-day meeting in order to expand cooperation between them in the field of biotechnology. The participants of 8th Cuba-China Joint Working Group on biotechnology meeting evaluated the progress made on the existing agreements. The agenda for mutual cooperation for the next two years was also discussed in the meeting. ...

  • LVMH Enters into Chinese Foods to Counter Declining Sales

    Published On : Jul 1, 2015  

    The LVMH Group, which is the largest luxury goods company in the world is actively diversifying in other business areas, including food catering services to attract young consumers. The move is mainly to counter declining sales in China, which is a major market for the luxury brand. Though Louis Vuitton, which is the largest brand in th...

  • Seattle Negligent on Building Gigabit Broadbank Network

    Published On : Jun 30, 2015  

    The City of Seattle is negligent on the construction of a broadband connection that is city-claimed, however that doesn't mean it won't fabricate something. A few choices have been the sure shot moves that would have irrelevant advantages. They would produce features recommending that the city is building something energizing, despite the fact ...

  • China Commences Construction on Natural Gas Pipeline Project to Russia

    Published On : Jun 30, 2015  

    China has commenced construction of the 3968 km long pipeline to Russia. The gas pipeline will be laid between the far east of Russia to Shanghai which will pump 38 billion cubic meters of natural gas as the two nations firm up energy cooperation. In a televised inauguration ceremony that happened simultaneously at Moscow, Beijing, and ...

  • Europe Car Industry To Rise with Soaring China Costs

    Published On : Jun 29, 2015  

    Companies involved in the car industry are bringing back production to Europe as the cost advantage with China weakens, which gives an opportunity for countries in Central Europe to attract investments, as commented by an executive at Volkswagen. Though several years ago, the trend was to transfer massive automobile operations to Asia w...

  • Korean Automotive Company Manufactures Chainless E-bike

    Published On : Jun 29, 2015  

    Mando, a Korean company that manufactures automotive parts has developed Mando Footloose IM, an electric bike, , which is referred as an electric car equipped with two wheels. Since 1962, the company has been manufacturing automotive parts and now switching to electric bikes) e-bikes), which are called as smart, personal mobility. As co...

  • China and Cuba to Increase Cooperation in Biotechnology

    Published On : Jun 29, 2015  

    China and Cuba are ready to increase cooperation in the biotechnology sector according to the Cuban News Agency (ACN). The joint working group on biotechnology will meet on Monday and Tuesday in Havana, and this is the 8th meeting. The meeting will involve review of the advancements made of the existing contract. The Cuban biote...

  • UQ Pain Drug May Soon Be Possible for Chronic Pain Sufferers

    Published On : Jun 29, 2015  

    The University of Queensland’s discovery for a chronic pain treatment drug may soon be taken over by a global pharmaceutical company and the drug may be soon be available clinically.  Norvatis International AG has paid in cash for acquiring Spinifex Pharmaceuticals in a deal worth US$200 million that includes regulatory payme...

  • Counterfeit Pharmaceuticals, Cosmetics, and Dietary Supplements Smuggled into Vietnam from China

    Published On : Jun 29, 2015  

    Imitation Chinese cosmetics, dietary supplements, and pharmaceuticals have been smuggled into Vietnam in large amounts during this year according to an anti-smuggling committee. The crime was conducted using sophisticated methods according to the Steering Committee 39 the official organization against smuggling, fraud, and counterfeit goods. ...

  • Former Chinese Hackers Putting on White Hat, Joining Cyber Security Firms

    Published On : Jun 29, 2015  

    With recent cyber-attacks on the U.S. networks, Chinese hackers have gained the limelight. The U.S. has blamed China for waging the cyber-attacks which China has denied. However, as Chinese companies are also struggling with the sudden spike in the number of cyber-attacks, hackers are gaining opportunities to join the cyber security industry in...

  • Chinese Netizens Bash Hong Kong through Social Media

    Published On : Jun 29, 2015  

    Chinese social media does not miss a chance to criticize the Hong Kong netizens. Hong Kong was returned to Chinese sovereignty after around 18 years. However, Chinese mainlanders and the Hong King citizens are yet to be called the ‘netizens from the same country’. The Chinese mainlanders have been bashing Hong Kong on internet forum...

  • Saudi Arabian Investment to Exponentially Boost Ethiopian Coffee Output

    Published On : Jun 26, 2015  

    The drive of coffee export in Ethiopia is likely to get propelled by increased output from a venture led by a renowned Saudi Arabian investor.  Ethio Agri-CEFT and Horizon Plantations plans to boost its coffee production exponentially and increase its tea output.  Horizon Plantations belongs to MIDROC umbrella group of...

  • China Agreement Points Advancing Heart Health Knowledge

    Published On : Jun 26, 2015  

    The American Heart Association and the People’s Republic of China have entered into an agreement which could lead to better knowledge about heart diseases which can be further shared with health care workers all over the world. The agreement encompasses training in cardiopulmonary resuscitation (CPR), the preliminary treatmen...

  • Large Crowd Protests Over Rumored Chemical Plant

    Published On : Jun 25, 2015  

    Almost 5,000 residents of a suburb in Shanghai protested on Wednesday over a rumor of a petrochemical plant being moved to their neighborhood. This was, however, dismissed by authorities to be false. The protest showed public concerns about the environmental impact of initiatives such as petrochemical plants, and also the deep rooted di...

  • Government Backed Electronics Recycling in China New Trend

    Published On : Jun 25, 2015  

    Based on government policy established in 2011, recycling of electronic waste has been intensifying in China, though there are many challenges for increasing this sector, according to China Business Report, from Shanghai. 106 electronic waste recycling units had received subsidies from the government fund during the end of 2014. These u...

  • Apple Considers Chinese Consumers Tastes When Designing Products

    Published On : Jun 25, 2015  

    Chief Executive Tim Cook stated that Apple considers Chinese consumer preferences when designing many of its products. The statement emphasized the importance of China to the iPhone manufacturing company. Cook stated that the details taken into account include color palettes that suited local Chinese favorites. The previous year a gold ...