The crackdown on corporate fraud seems to be spreading to other parts of the world. Today, a court sentenced Daewoo's founder to 10 years in prison for fraud and his company no longer exists. Like Enron, it collapsed.Jocelyn Ford reports.
An American business group in China said today that government crackdowns on piracy haven't accomplished a thing. So companies are taking things into their own hands. Jocelyn Ford reports from Beijing.
The Beijing High Court has upheld a judgment in favor of five luxury brands who sued the landlord of the city's most notorious counterfeit shopping center. But will anything change? Jocelyn Ford reports.
Latest in a series: The Price of Piracy.
Credit cards are gaining popularity in China, and so is credit card fraud. In response, regulators are calling on banks to clamp down on customers they issue the cards to. Jocelyn Ford reports.
A Chinese government-owned newspaper says the country now has the biggest currency reserves in the world — $850 billion and counting. Jocelyn Ford reports.
China appears to be getting more serious about the environment. Next month, the government will impose a 20% tax on gas-guzzling cars. There'll even be a charge on disposable chopsticks. Jocelyn Ford reports.
Three US senators go to China next week to talk to officials about whether they are going to let their currency appreciate. If the answer is no, the senators have a bill that would slap nasty tariffs on Chinese imports. Jocelyn Ford reports.
The Bank of Japan today ended a five-year policy that kept interest rates near zero. It's the first step toward an eventual rise in rates, something that's already happening in the U.S. and Europe. But Jocelyn Ford reports that the news isn't all bad.
