Fed taper poses risks to global pick-up: World Bank
The World Bank on Tuesday raised its growth forecasts for the global economy, but warned of potential volatility in capital flows as the United States withdraws its stimulus.
US Congress unveils $1 trillion spending bill
Negotiators from the US Senate and House of Representatives unveiled a $1 trillion spending bill late Monday, eliminating the threat of another government shutdown, at least until October.
14 January 2014 18:11
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.
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.
Yahoo dives deeper into media with online magazines
Yahoo on Tuesday dove deeper into being an Internet Age media company, bringing in news, music and television stars for the launch of online magazines focused on technology and food.
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.
