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The global financial crisis is said to be the worst since the Great Depression. It has contributed to the failure of key businesses and declines in consumer wealth in Africa and other parts of the developing world. In sub-Saharan Africa, there has be

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UBS is forecasting that China's mutual fund assets will multiply fivefold to reach 7.5 trillion US dollars by 2025. The Swiss bank says the growth could generate 42 billion dollars a year for fund managers. A mutual fund collects money from many inve

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The U.S. Treasury Department has announced it will issue licenses to companies that export instant messaging and other personal Internet services to Iran, Sudan and Cuba. The move follows comments made earlier this year by U.S. Secretary of State Hil

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Shanghai has launched its online taxi-hailing services platform. The city becomes the first in China to legalize car-hailing smartphone applications via an official public services function. 160 million, thats the number of people using the two bigge

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The fifth session of the China Beijing International Fair for Trade in Services is due to open in the Chinese capital on Monday. The fair has become a magnet for international exhibitors eying a bigger market share. 00:00/02:35 With the theme opennes

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