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US allows Boeing to sell plane parts to Iran

The United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman told AFP Friday.

 

Weibo seeks to raise at least $340 mln in US IPO

The microblogging service Weibo -- often described as China's version of Twitter -- will raise at least $340 million in its US stock offering, an updated filing showed Friday.

   

Tourists from Asia-Pacific to become world's top spenders

The Asia-Pacific will overtake Europe as the region whose tourists spend the most money overseas within 10 years, a report said Wednesday, driven by an explosion in the number of Chinese tra [ … ]

   

Samsung chairman ordered to appear in Indian court in decade-old dispute

 India's Supreme Court has ordered the chairman of Samsung Electronics, Lee Kun-hee, to appear before a local court within six weeks to avoid arrest in a decade-old dispute with a suppl [ … ]

   

China's rare earth trade limits break global rules: WTO

China has broken the rules of global commerce by restricting exports of rare earths, tungsten and molybdenum, a move that benefited domestic industries, a World Trade Organization panel said [ … ]

   

Britain, China sign yuan trading deal

Britain and China have signed a deal for the first clearing service for yuan trading outside of Asia, the government here said Wednesday.

   

Candy Crush maker King sees sour Wall Street debut

King Digital, maker of the wildly popular Candy Crush video game, got a sour welcome on Wall Street Wednesday as shares tumbled some 15 percent in their first trading day.

   

Candy Crush maker King Digital raises $500 mn in IPO

King Digital Entertainment, the creator of the wildly popular video game Candy Crush, priced its initial public offering at $22.50 per share Tuesday, raising $500 million in its Wall Street [ … ]

   

Facebook takes $2 billion dive into virtual reality

Facebook on Tuesday announced a $2-billion deal to buy a startup behind virtual reality headgear that promises to let people truly dive into their friends' lives.

   

China's Hangzhou latest city to restrict car sales

China's eastern city of Hangzhou will start restricting car sales from Wednesday, joining major cities, including Shanghai and Beijing, in the fight against snarling traffic and heavy smog i [ … ]

   

Malaysian Airline shares hit record low after jet disappearance

Shares of Malaysian Airline System (MAS) hit a record low on Monday after a Boeing 777 operated by the airline went missing over the weekend.

   

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