As Typhoon Maysak Enters Philippines, Sulu Vessel Sinking Kills 5

PHILIPPINES - An unregistered passenger vessel overloaded with cargo capsized in the waters off Pata and Tapul Island in the province of Sulu Thursday...

Typhoon Chedeng’s Movement Slows, Landfall in the Philippines Expected Sunday

Typhoon Chedeng, international name Maysak, may not make landfall on Saturday as the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa), said the movement...

Supertyphoon ‘Maysak’ To Enter Philippines Wednesday Night; Could Be Stronger Than Yolanda

Supertyphoon Chedeng, international name Maysak, has maintained its strength as it heads towards the Philippines for the first major typhoon of the 2015 summer...

Japan Denies Announcing Plans to Join AIIB

Japan's Chief Cabinet Secretary Yoshihide Suga has denied reports that Japan is joining the China-led Asian Infrastructure Investment Bank (AIIB) as reported by major...

Banks in Europe, US Lay Off 59,000 Jobs in 2014

A total of 59,000 jobs in top European and US banks were axed in 2014, bringing the total job cuts to 160,000 across 24...

Australia, Denmark Join China-Led Asian Infrastructure Investment Bank

Two United States allies have announced their decisions to join the China-led Asian Infrastructure Investment Bank (AIIB), beating the 31 March deadline set by...

Malaysia Warns of War in Southern Philippines if Peace Process Cancelled

Malaysian Defense Minister Datuk Seri Hishammuddin Hussein warned that war could break out in Southern Philippines if the on-going peace process will not be...

Russia Ready to Join China’s Infrastructure Investment Bank

Russia becomes the latest European nation to announce joining the China-lead Asian Infrastructure Investment Bank (AIIB), beating the 31 March deadline set by China...

Oracle to Expand in Asia, to Hire 1,000 Sales Staff

American multinational computer technology corporation Oracle Corp is expanding its sales team in the Asia Pacific region with plans to hire 1,000 new sales...

US GDP Growth Slows to 2.2 Percent In Q4

Growth of the US economy slowed in the last quarter of 2014 to 2.2 percent annual rate, unrevised from the forecast issued in February,...

Germanwings Had No Idea Co-Pilot Andreas Lubitz Was Unfit For Work

Had Germanwings learned that co-pilot Andreas Lubitz was classified by doctors as unfit for work, the deliberate move to crash the Airbus A320 plane,...

Life insurers in Taiwan among most exposed to interest rate risk

Life insurers in Taiwan have been considered as among the most exposed to interest rate risk in the world, joining the ranks of life...

Renminbi’s Popularity Now Discussed By 22% of World’s Corporate Boardrooms

The renminbi (RMB) has become a topic of debate in more than a fifth (22%) of company boardrooms around the world, just five years...

Allianz is Lead Insurer of Germanwings Plane

Allianz SE, a German multinational financial services company that focuses on insurance, said it is ready to support Germanwings as fully and as quickly...

Join China-Led Infrastructure Investment Bank, U.S. Told

A senior Chinese official has urged the United States to join the China-led Asian Infrastructure Investment Bank (AIIB) instead of keeping on questioning the...

3G In Talks To Acquire Kraft; Value Could Be USD40bn Up

Brazilian multi-billion dollar global investment firm 3G Capital is reportedly in advances talks to acquire American grocery manufacturing and processing conglomerate Kraft Foods. Sources said...

India To Overtake China as World’s Fastest-Growing Economy This Year

The Asian Development Bank (ADB) said the current reforms being implemented in India will propel the country’s economy to 7.8 percent in 2015 and...

China Sets Deadline for Countries That Want To Be Founding Members of AIIB

Countries interested to join the China-led Asia Infrastructure Investment Bank (AIIB) are given until 31 March to make their decisions. Foreign Ministry spokesman Hong...

10 Asian Universities Join World’s Top 100 Universities by Reputation

Only 10 universities from Asia have made it to this year's Top 100 World Universities by Reputation published by the Times Higher Education. Universities from...

Google Looking for New Chief Financial Officer as Pichette Retires

Google Inc. said it plans to search for a new chief financial officer (CFO) within six moths after announcing that current CFO Patrick Pichette...