Asia Business
Macy’s partners with Chinese online retailer
By AP News Thu, May 24, 2012 1:51PM UTCNEW YORK (AP) — Macy’s Inc. said Wednesday that it acquired a stake in the operator of a Chinese online retailer, which will start selling some of the department store chain’s private label merchandise next spring. Macy’s said it had invested $15 million in VIPStore Co., which operates omei.com, a
India: Rupee falls, petrol rises; will diesel follow?
By Sriram Vadlamani Thu, May 24, 2012 11:44AM UTCThe Indian rupee is now the worst performing Asian currency. It has slid more than 5% against the dollar this year and as per experts the slide will continue. Yesterday the rupee has touched 56 ($1 = Rs. 56), which is a first. Reasons being cited for the rupee’s fall
Rocketing prices put tuna beyond ordinary Filipinos’ reach
By Edwin Espejo Tue, May 22, 2012 7:34AM UTCWith the price of a sashimi grade tuna at the General Santos City fishing port complex rising above Php420 (US$10) per kilo, more and more Filipinos are becoming strangers to the succulent and mouth-watering yellowfin tuna that their country is famous for. When these tunas eventually end up in posh Japanese
Chinese company to buy USA’s AMC to become world’s largest cinema owner
By AP News Mon, May 21, 2012 5:40PM UTCBEIJING (AP) — A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China’s biggest takeover of an American company to date. Dalian Wanda Group Co.’s purchase reflects the global ambitions of a wave of cash-rich Chinese companies that are
Yahoo to sell half of its Alibaba stake for $7.1bn
By AP News Mon, May 21, 2012 12:41PM UTCHONG KONG (AP) — Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion, securing a financial lifeline for the struggling U.S. Internet company. The deal, announced Sunday in the U.S., will see Alibaba Group buying back the stake
Correspondents
Rocketing prices put tuna beyond ordinary Filipinos’ reach
Tue, May 22, 2012Sneak peek at Goodes Hall expansion progress
Wed, May 02, 2012Interview With Successful Alumni: Steve Tan
Tue, Apr 24, 2012How the hospitality industry prepared me for my career
Tue, Apr 17, 2012Opinion: The red herring in Malaysian post-rally protests
Sat, May 26, 2012Jackie Chan, the soon-to-be former action star
Sat, May 26, 2012Little change 10 years after fatal U.S. military crash in South Korea
Sat, May 26, 2012China plans to exploit power-shortage protests in Burma
Sat, May 26, 2012Singapore Democratic Party appeals dismissed
Sat, May 26, 2012
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Lady Gaga won’t change show for protests
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