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Macy’s partners with Chinese online retailer

By AP News Thu, May 24, 2012 1:51PM UTC View Comments

NEW 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 newly established online retailer in...

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Nuclear power: No consensus in Asia or the West

By Graham Land Thu, May 24, 2012 9:02AM UTC View Comments

The Fukushima disaster put nuclear power under the microscope throughout the world. But in the aftermath of the worst nuclear incident in 25 years, countries acted differently. Some stopped to reconsider their nuclear programs, while others pushed on with vigor. A few nations reacted sharply against nuclear, especially Japan, where the disaster occurred. As of...

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Burma: Speaking truth to power(cuts)

By Francis Wade Tue, May 22, 2012 12:37PM UTC View Comments

It’s always been about power in Burma, whether it be the Machiavellian governance of its leaders, or the blackouts that for decades have plagued the energy-rich country. The ties that bind the two are intrinsic – back in 2007, it was dramatic fuel price hikes that prompted tens of thousands of monks and civilians to...

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Chinese activist in NYC is ‘seriously troubled’

By AP News Tue, May 22, 2012 10:24AM UTC View Comments

NEW YORK (AP) — A blind Chinese activist who arrived in New York over the weekend is “seriously troubled” about three people now at the mercy of Chinese authorities for helping him, his mentor said Monday. “This is what’s very much on Chen’s mind: his inability to provide protection to people who were key in...

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Chinese company to buy USA’s AMC to become world’s largest cinema owner

By AP News Mon, May 21, 2012 5:40PM UTC View Comments

Patrons watch a 3D IMAX movie at a theater of Wanda cinema run by Dalian Wanda Group Co. in Beijing, China, Monday. Pic: AP.

BEIJING (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 using acquisitions to speed their...

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