Sinopec to pay compensation over pipeline blast
Chinese state-owned oil giant Sinopec will pay compensation over a November pipeline explosion at its facility in the city of Qingdao that killed dozens of people and caused losses of more than $100 million.
Li's Power Assets to spin off HK unit
Li Ka-shing, Asia's richest man, is to spin off his electricity assets in Hong Kong through an initial public offering worth up to HK$27.9 billion ($3.6 billion) and will sell a large chunk to a Chinese state-owned power company.
Singapore monitoring new forms of illicit financing
Asian financial hub Singapore on Friday said it was scrutinising trade in virtual currencies such Bitcoin, precious stones and metals to forestall new forms of illicit financing by criminals and terrorists.
12 January 2014
IMF's Lagarde: uncertainty over health of European banks
International Monetary Fund Managing Director Christine Lagarde said Thursday that questions marks remain over the health of Europe's banks and that coming stress tests are a chance to build confidence in them.
China has world's most outbound tourists: report
Nearly 100 million Chinese tourists visited foreign countries last year, and they are likely to extend their lead as the world's biggest-spending travellers, state media reported Thursday.
China box office revenue hits $3.6 bn in 2013: report
China's box office takings leaped to $3.6 billion last year, up 27.5 percent on 2012, as nearly 14 screens were added every day to the world's second-largest film market.
China to allow game console sales through FTZ
China has formally authorised game consoles made in a new Shanghai free-trade zone to be sold in the country, potentially opening its lucrative market up to the likes of Sony's PlayStation and Microsoft's XBox.
Chinese tycoon wants to 'rebuild' New York Times
A Chinese tycoon said Monday he is serious about buying the New York Times and wants to work on "rebuilding its credibility and influence" by reforming its award-winning coverage of China.
Blackberry sues company for violating keyboard patent
Blackberry Ltd. said Friday it had filed a suit in a California court against Los Angeles firm Typo Products for violating its patents with a Blackberry-like keyboard made for Apple's iPhone.