China is intensifying its cat-and-mouse pursuit of the 4 trillion yuan ($635 billion) investment trust industry, with credit risks on the rise as economic growth slows.
Friday, 20 January 2012
One of the world's most popular file-sharing sites was shut down Thursday, and its founder and several company officials were accused of facilitating millions of illegal downloads of films, music and other content.
Eastman Kodak Co, the photography icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly, capping a prolonged plunge for one of America's best-known companies.
Megaupload.com, one of the world's largest file-sharing sites, has been shut down and seven people charged with copyright infringement and other crimes, US authorities announced.
Africa's middle class has tripled over the last 30 years, with fully one in three now considered above the poverty line but not among the wealthy, according to the African Development Bank (AfDB).
Thursday, 19 January 2012
It’s getting a bit more crowded under the sea in Asia, where Andrew Peterson commands one of the world’s mightiest weapons: a $2 billion nuclear submarine with unrivaled stealth and missiles that can devastate targets hundreds of miles (kilometers) away.
Wednesday, 18 January 2012
Melvin Goh sells cars to people who do not intend to drive them. As his dealership EuroSports Auto celebrated a decade of officially distributing Lamborghinis last year, all Mr Goh would have needed as a progress report was a languid wave at a Lamborghini Reventon Roadster.
The residential component of Watertown, a mixed-use project in Punggol, will be hitting the market this Chinese New Year, with an indicative pricing of $1,080 per square foot (psf).
Foreign direct investment in China rose 9.7 per cent last year to a record US$116 billion, though December’s inflow of US$12.24 billion was down 12.7 per cent versus year-ago levels, the Commerce Ministry said on Wednesday.