China Business Travel Spend to Outpace U.S.
A report predicts China will become the largest business travel market in the world next year, passing a significant milestone.
China’s Growth Rate Slows to 6.9% in Q3
The latest GDP reading is the worst in nearly seven years and increases pressure on Beijing to stimulate the economy.
Bristol-Myers Squibb Settles FCPA Charges
Sales reps at Bristol-Myers Squibb’s majority-owned joint venture in China bribed Chinese health-care providers with cash and jewelry, says the SEC.
Tsinghua to Acquire 15% of Western Digital
The Chinese company continues to emerge from obscurity with a $3.78 billion deal that is its latest collaboration with U.S. tech firms.
WTO Slashes 2015 Growth Forecast to 2.8%
The downward revision from April's 3.3% prediction reflects China's economic slowdown, which has crimped Asia's export growth.
Alcoa to Break up Into Two Companies
Amid a drop in aluminum prices, Alcoa is following the lead of other firms that have split to become more focused.
Several U.S. Sectors at Risk From China Slowdown
China accounted for about half of global consumption of key base metals in 2014, suggesting significant risk for the industry, says Moody's.
S&P Sees Growing Risk to Chinese Banks
The ratings agency is concerned that private-sector credit in China could exceed 150% of gross domestic product by the end of 2016.
Apple Pays China $71 Million in Back Taxes
The company blames a "difference in interpretation of a tax rule" for the underpayment of taxes in China.
Fed Finds Wage Growth in Some Regions
Latest "Beige Book" survey may fuel confidence in the economy as the central bank considers interest-rate policy later this month.
China’s Banks Post Weak Half-Year Earnings
Amid China's slowing economy, the country's largest banks are suffering from bad loans and tightening margins.