We have all heard of the horrific explosion at the offshore oil drill which caused one of the worst oil spill in the history of the industry. The leak started to happen April 21, a day after the explosion happened. What should not have slipped from attention was the early estimate from the United States [...]

Tension rises last week between the two Koreans, as the peninsula witness the harshest of clash since 1950-53 Korean War. South Korea accused its Northern counterpart of torpedoing one of its coastal defense warship, the Cheonan corvette, killing 46 sailors. The United States has fully supported Seoul, urging the matter to be settled as soon [...]

Chinese tycoon, Huang Guangyu, was sentenced to 14 years prison for bribing and insider trading, Tuesday (5/18). Huang is the founder of Gome Electronics, China’s biggest appliance retailer. Latest estimation put him at US$6.3 billion. In 2008, he was ranked No. 1 in a list of China’s wealthiest businesspeople by Rupert Hoogewerf, a researcher in [...]