CHINA

BofA Learned a Lesson from Debit Card Fury - CEO

IBTimes Logo
Bank of America Corp. learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to customers while producing a return for shareholders, Chief Executive Brian Moynihan said on Tuesday.

Apple iPad Should Lower Price Point, Says Analyst

Apple iPad 2
The phrase 'iPad killer' has been bandied about for so long that one could be forgiven for the mistake of thinking such a device actually exists. As it turns out, the true iPad killer, according to Goldman Sachs analyst Bill Shope, won't be another tablet but the iPad's own prohibitive price tag.
More news
IBTimes Logo

Burberry Reports Strong First-Half Earnings

Luxury fashion house Burberry has reported consistent double digit revenue growth for the first half of the year. The growth has been reported in retail, wholesale and almost all product categories of the brand.
The company logo of Sino-Forest is displayed at its office in Hong Kong

Sino-Forest is no Ponzi Scheme: Panel Report

Canada-listed Sino-Forest Corp said an independent committee found no evidence of fraud at the Chinese timber firm following allegations from short-seller Muddy Waters it had exaggerated its assets, although the committee also said it had been unable to verify the company owned all of its forests.
IBTimes Logo

China vulnerable to asset bubbles, warns IMF

China's biggest commercial banks face systemic risks if a combination of credit, property, currency and yield curve shocks that could be withstood in isolation were to occur together, the International Monetary Fund warned on Tuesday.
IBTimes Logo

Currency Remarks by Obama Provoke Criticism in China

The Chinese state media has accused U.S. President Barack Obama of using Beijing to deflect attention from his country's economic woes. The accusation, made by the Xinhua news agency, comes after Obama hit out at Chinese currency policy.
IBTimes Logo

Huawei buys Symantec stake in JV for $530 million

Huawei Technologies, the world's No.2 telecoms equipment maker, plans to buy the remaining 49 percent stake in a joint venture with Symantec Corp that it does not already own for $530 million to bolster its corporate security solutions business.
Man is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo

Asian Shares Drop as Eurozone Bond Yields Rise

Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.
The Hunger Games Collection

'Hunger Games' Movie Inspires Nail Polish Line (Sneak Peek!)

As The Hunger Games trailer debuts, beauty company China Glaze is allegedly prepping a set of nail polish colors to coincide with the film. The Hunger Games Collection (unconfirmed) will premiere in 2012, but click here for a look at all shades and their inspirations from the YA book series, from Katniss and Peeta to District 12 and Flaming Mockingjay.
IBTimes Logo

World Bank, Intel to boost joint IT investments

The World Bank's private-sector lender plans to work more closely with Intel, the world's top chipmaker, to invest in technology firms in developing countries, a senior World Bank official said on Monday.
IBTimes Logo

Herman Cain Stumbles on Foreign Policy Question About Libya

Herman Cain struggled to answer a question about President Barack Obama's handling of Libya in an interview with the Milwaukee Journal-Sentinel on Monday, first asking whether Obama had supported the rebellion against Moammar Gadhafi and then saying that he would have gone about assessing the situation differently, which might have caused us to end up in the same place.
Dell

Dell: Earnings May Hint if PC Giant Moving More Upscale

Shares of Dell, the No. 2 PC maker, rose slightly Monday, ahead of the company’s third-quarter earnings report scheduled for Tuesday. Investors await news on Dell’s moves upscale as well as supply shortages caused by floods in Thailand.
Obama APEC

Obama at APEC: Outlines New Trade Pact Framework, Chastises China

President Barack Obama spent a weekend reiterating his belief the United States' economic future rests upon success across its westward ocean, engaging in the leaders of 21 nations in the Pacific Rim during the Asia-Pacific Economic Cooperation summit in Hawaii.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.