U.S. hinterlands woo Chinese firms

Jun 26, 2014

U.S. hinterlands woo Chinese firms

by Paul Wiseman

Burdened with Alabama’s highest unemployment rate, long abandoned by textile mills and furniture plants, Wilcox County desperately needs jobs. They are coming, and from a most unlikely place: Henan province, China. Henan’s Golden Dragon Precise Copper Tube Group opened a plant in Pine Hill ...

Barclays bank sued by N.Y. attorney general after fraud allegations

Jun 26, 2014

Barclays bank sued by N.Y. attorney general after fraud allegations

British banking and financial services firm Barclays PLC misled large institutional investors and other clients by falsely telling them it was taking measures to protect them from predatory high-frequency traders, New York’s attorney general said Wednesday. The allegations against Barclays were contained in a ...

Abe vows to start cutting corporate tax in fiscal 2015

Jun 7, 2014

Abe vows to start cutting corporate tax in fiscal 2015

Prime Minister Shinzo Abe said Friday that the country will start cutting the effective corporate tax rate in fiscal 2015 as part of efforts to encourage foreign investment in the country. Speaking to reporters in Rome, Abe said he has already instructed Takeshi Noda, ...

Icahn probed for illegal stock tips

May 31, 2014

Icahn probed for illegal stock tips

A federal investigation is probing whether a top-ranked professional golfer and a high-stakes gambler got illegal stock tips from billionaire investor Carl Icahn, U.S. media reported Friday. The Federal Bureau of Investigation and the Securities and Exchange Commission are investigating the stock trading patterns ...

Miami looks to become America's next tech hot spot

May 6, 2014

Miami looks to become America's next tech hot spot

Famed for its beaches, cruises and cafecitos, South Florida is now angling to become one of the next U.S. tech hot spots by leveraging its role as the gateway to Latin America and luring northern entrepreneurs with cheap living costs and lots of sun. ...

Chinese gobble up U.S. real estate

Apr 26, 2014

Chinese gobble up U.S. real estate

For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians — whose activity has dropped off since the unrest in Ukraine and the imposition of sanctions against Russia ...

Apr 8, 2014

February current account rebounds for first surplus in five months

The nation’s current account rebounded into surplus in February from a record deficit the previous month as income from overseas investments outweighed deficits in trade and services. The ¥613 billion surplus was the first in five months, the Finance Ministry reported Tuesday. The median ...