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07/23/2014

China braces for 2nd typhoon; Taiwan drenched

China was bracing Wednesday for the arrival of a second typhoon in as many weeks, as communities along the country’s southern coast cleared away debris in the wake of the earlier storm that killed 46 people. Authorities in eastern Zhejiang province, south of Shanghai, ordered fishing boats to return to port and stepped up patrols [...]

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07/23/2014

Apple’s growing faster in China than anywhere else in the world

Apple on Tuesday proved once again with its quarterly earnings that it’s practically minting money selling iPhones. The company posted quarterly revenues of $37.4 billion, up six percent from last year, and a profit of $7.7 billion, up 12 percent from last year. And there’s nowhere in the world that Apple is growing faster than [...]

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07/23/2014

China’s Huatong Road & Bridge Avoids Bond Default

A Chinese company facing a $64.5 million bond repayment found a way to pay at the last minute, averting a potentially unsettling default but raising concern that investors buying risky assets will expect the government to bail them out. Huatong Road & Bridge Group Co., a closely held construction company based in northern China’s Shanxi [...]

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07/22/2014

China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan

The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks , Burger King Worldwide Inc and others, as well as McDonald’s products as far away as Japan. McDonald’s Corp and KFC’s parent Yum Brands Inc apologised to Chinese customers on Monday after it emerged that Shanghai Husi Food Co Ltd, [...]

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07/22/2014

China Tensions Choke Off Tourism to Vietnam

The year began well for Mai Thanh Trung, newly employed at a travel company here that caters to Chinese tour groups. Mr. Trung said he regularly greeted charter flights from the Chinese mainland and pocketed an average monthly commission of about $600. But then came May, when a state-owned Chinese company parked an oil rig [...]

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07/22/2014

Chinese City in Quarantine After Bubonic Plague Death: Report

Parts of a city in northwestern China are in quarantine after a man died from bubonic plague last week, state media reported. The 38-year-old victim had been in contact with a dead marmot, a type of rodent, according to the Xinhua news agency. Health officials and disease prevention specialists are in Yumen, in China’s Gansu [...]

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