Japan's Sharp accepts takeover offer but Foxconn says won't yet sign

In the morning, Sharp's board chose to accept a roughly 700 billion yen ($6.2 billion) takeover offer from Taiwan's Hon Hai Precision Industry. It appears, however, that Foxconn is to gain a majority of Sharp's shares through a new issue. More..

by | Published more than a month ago
by | Sunday, February 28, 2016

China accuses U.S. commander of using smears to seek funds from Congress

For example HQ-9 anti-air warfare missiles were deployed on Woody Island in the Paracels earlier this month and the Chinese Shenyang J-11 were spotted in the region as recently as this week according to press...More..

IMF seeks contingency plans for vulnerable global economy
by | Sunday, February 28, 2016

IMF seeks contingency plans for vulnerable global economy

The IMF staff also called on advanced economies to rely less on monetary policy and more on fiscal policy to support economic growth. The IMF's report comes before the meeting of G20 finance ministers and c...More..

Samsung mobile-pay service will expand, starting with China
by | Sunday, February 28, 2016

Samsung mobile-pay service will expand, starting with China

Collaborating with Apple Pay will also help Chinese banks expand their footprint in the global market, Chen pointed out . But as of Friday afternoon, users on Weibo said they were still having problems getti...More..

by | Sunday, February 28, 2016

Berkshire Hathaway 4th-quarter profit up 32 percent

Fourth-quarter profit also was up for the conglomerate controlled by Warren Buffett . In a typically wide-ranging letter that touches on everything from productivity to climate change, Buffett offered an upb...More..

by | Sunday, February 28, 2016

US presses Xi on South China Sea non-militarization

The US accuses China of militarizing a key conduit for world trade. Earlier this week, US Pacific Command chief Admiral Harry Harris warned that China was changing the "operational landscape in the region"....More..