• World Biz  |  JANUARY 31, 2016 1:43PM

    US warship sailing near Paracel Islands violated laws

    Story by

    China’s foreign ministry said on Saturday a US warship that sailed near an artificial island claimed by Beijing and several other nations has violated Chinese law by entering its territorial waters. China claims most of the South China Sea, through …

  • World Biz  |  JANUARY 31, 2016 1:38PM

    India’s Sahara uses small savers to keep resort afloat

    Story by

    India’s embattled Sahara conglomerate has been funnelling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed. Sahara has ploughed at least 15 billion Indian rupees (US$221 million) …

  • World Biz  |  JANUARY 31, 2016 9:10AM

    New York restaurant offers USD100 golden doughnut

    Doughnuts are a staple in the average American’s diet and can be bought for less than a dollar… unless you find yourself in the Manila Social Club restaurant in Brooklyn in New York. The restaurant has created a very special …

  • World Biz  |  JANUARY 30, 2016 1:17PM

    Indian economy can grow 8% in coming fiscal year

    Story by

    The Indian economy can grow by 8% in the coming fiscal year as long as there is a favourable monsoon after two years of drought, deputy finance minister Jayant Sinha said on Saturday. Speaking on the sidelines of the Economic …

  • World Biz  |  JANUARY 30, 2016 1:09PM

    Indonesia funds to hold minimum 30% gov’t bonds

    Story by

    Government bonds will have to make up at least 30% of the portfolio of insurance firms and pension funds, the Indonesia Financial Services Authority (OJK) Chairman Muliaman Hadad told reporters on Friday. The OJK regulation will be released this year …

  • World Biz  |  JANUARY 30, 2016 12:59PM

    Taiwan central bank guides interbank rate to 0.20%

    Story by

    Taiwan’s central bank on Saturday guided the overnight interbank rate down, a move that came a day after government data showed the economy remained weak in the fourth quarter of last year. Traders said the overnight interbank rate was lowered …

  • World Biz  |  JANUARY 30, 2016 12:51PM

    Facebook to prohibit private firearm transactions

    Story by

    Facebook Inc prohibited global users from coordinating person-to-person private sales of firearms on its online social network and its Instagram photo-sharing service on Friday, countering concerns that it was increasingly being used to circumvent background checks on gun purchases. The …

  • World Biz  |  JANUARY 29, 2016 9:09AM

    Takata says CEO has no plans as of now to stand down

    Story by

    Japanese air bag maker Takata Corp, mired in a long-running safety recall crisis, said on Friday its Chairman and CEO Shigehisa Takada had no intention as of now to resign. Citing two people close to Takata, Reuters earlier reported the …

  • World Biz  |  JANUARY 29, 2016 7:12AM

    Toyota to make Daihatsu a wholly-owned unit

    Story by

    Toyota Motor Corp said on Friday it will buy out the rest of mini-vehicle maker Daihatsu Motor Co, a move that will help it leverage the lower-cost brand better. The world’s largest automaker currently owns 51.2% of Daihatsu, which had …

  • World Biz  |  JANUARY 29, 2016 7:06AM

    Sony’s 3Q profit beats estimates

    Story by

    Sony Corp on Friday reported quarterly profit that beat market estimates, as videogame sales and cost cuts in its flagging mobile business offset a fall in sales of the image sensors that had led the company’s turnaround a year prior. …