There is no easy solution for the eurozone economy, for Greece, for Ukraine, or for any of the other major challenges we face today. But unless protagonists are sure that announcements, campaign promises, and peace agreements will give rise to clear, …

First buyout of S Korean financial institution by mainland Chinese group

Millions of migrants swap cheaper trains for costly cars

Hong Kong's Chow Tai Fook Enterprises plans to invest USD2.6 billion in a casino project in Incheon, South Korea, aiming to attract Chinese gamblers. Chow Tai Fook Group is controlled by the Cheng Yu-tung family. According to statistics from Forbes, Cheng ranked fifth on the Asian rich list with hotel, shopping center, and construction businesses. […]

DNA company’s fortunes hint at a new model for nation’s tech industry

Sony (China) Ltd., which sells TVs and digital products, will implement a large-scale layoff across China that mainly targets regular employees in local offices. According to reports in Chinese local media, Sony has over 40 subsidiaries and offices in 13 regions in China, including Beijing, Chengdu, Fuzhou, Guangzhou, Hangzhou, Jinan, Nanjing, Shanghai, Shenyang, Shenzhen, Tianjin, […]