News

Note: This section contains information in English only.
Fri, 19 Apr 2019 10:38:30 GMT

Nissan slams output cut report

On Friday, Nissan announced that a report published by Nikkei that stated that the company has decreased its production is false. The report hurt the company's stock by indicating that Nissan will have lower profits.

Fri, 19 Apr 2019 10:30:59 GMT

Taiwan's export orders decline

A Reuters poll results published on Friday revealed that orders for Taiwanese exports declined in March for the fifth month in a row. Some Financial outlets blamed global tech demand decline. Meanwhile, note that some previously outsourced production has moved back to the US.

Fri, 19 Apr 2019 10:30:35 GMT

Japanese factory output shrinks

On Friday, a Reuters poll revealed that Japanese factory output declined in March. Meanwhile, the Bank of Japan still sticks to the opinion that the Japanese economy is growing.

Fri, 19 Apr 2019 10:04:46 GMT

Chinese politburo discusses economy

The Chinese Communist Party politburo met on Friday to discuss the current state of the economy. The final report of the meeting is expected to be revealed in the future.

Fri, 19 Apr 2019 10:04:24 GMT

China steps up fiscal policy

On Friday, Chinese Communist Party announced that the government will increase their pro-activeness in fiscal policy and keep their monetary policy prudent. Namely, the policies will remain neutral in regards to impacting the economy.

Fri, 19 Apr 2019 09:16:58 GMT

Ghosn to face additional charges

According to a report published by the NHK broadcaster, the former Nissan's CEO Carlos Ghosn is expected to face additional charges from Japanese prosecutors on Monday.

Fri, 19 Apr 2019 09:13:53 GMT

Foxconn not to abondon Wisconsin project

One of the top Apple's suppliers Taiwanese Foxconn reconfirmed on Friday that it would construct a display plant and facilities for technical research in the state of Wisconsin.

Fri, 19 Apr 2019 08:19:54 GMT

China says open for discussions over BRI

The Chinese State Councillor Wang Yi stated on Friday that the Belt and Road Initiative (BRI) should not be treated as geopolitical project, though he understands the concerns and is open for constructive discussions in this regard.

Fri, 19 Apr 2019 08:14:07 GMT

China wants to extend use of wind energy

The China's National Energy Administration addressed local governments on Friday and called them increase the use of wind energy for heating generation.

Fri, 19 Apr 2019 07:34:12 GMT

Nissan refutes Nikkei's report

The Japanese car maker Nissan Motor Co Ltd stated on Friday that the report published by the Nikkei about reduction of the company's production was entirely incorrect and that the corresponding claim has already been filed.

Fri, 19 Apr 2019 07:30:22 GMT

Thailand to spend $630M on economy boost

The Finance Minister of Thailand Apisak Tantivorawong stated on Friday that the government planned to allocate $630M for economic growth, namely tourism, consumption and assistance to people with low income.

Fri, 19 Apr 2019 06:33:11 GMT

North Korea refuses to talk with Pompeo

One of the senior North Korean diplomats Kwon Jong Gun called the United States to replace Secretary of State Mike Pompeo as a top negotiator by "someone more mature".

Fri, 19 Apr 2019 06:28:02 GMT

Qualcomm and Guizhou province to close HXT

According to a report published by The Information, the joint venture Huaxintong Semiconductor (HXT) started in 2016 by Qualcomm and the Guizhou province would be closed by the end of April.

Fri, 19 Apr 2019 05:19:36 GMT

Cohen to buy AMI's National Enquirer

According to media reports, James Cohen is planning to acquire the National Enquirer from American Media Inc (AMI) for $100M.

Fri, 19 Apr 2019 05:14:52 GMT

South Korea to develop renewable energy sector

The Director of the Ministry of Trade, Industry and Energy of South Korea Park Jae-young stated on Friday that by 2040, the government plans to receive 35% of energy from renewable sources.

Fri, 19 Apr 2019 04:17:30 GMT

Hyundai appoints new Americas head and global COO

Jose Munoz, the former Carlos Ghosn's ally, has been appointed on Friday as Hyundai Motor Co's Americas chief and global chief operating officer (COO).

Fri, 19 Apr 2019 04:14:38 GMT

Japan to increase sales tax

On Friday, the Japanese Finance Minister Taro Aso reconfirmed the government's plan to increase sales tax in October.

Fri, 19 Apr 2019 03:57:50 GMT

Nintendo shares up 13% after Switch Chinese sales approval

Nintendo shares jumped 13% on Friday, after Tencent won the key approval to start selling Nintendo's Switch console in China, the world's biggest games market.

Fri, 19 Apr 2019 03:57:21 GMT

Japan's firms want tax increase to proceed

More than 60% of Japanese companies want authorities to proceed with the sales tax increase in October, thought feel that extra government spending is necessary to cushion the blow over the economy.

Fri, 19 Apr 2019 02:20:22 GMT

Uzbek foreign trade increases 27% in Q1

Uzbekistan's turnover of foreign trade was about $9.4B and increased 27% compared with the same period of 2018, according to the report of the country's statistics committee.

Fri, 19 Apr 2019 02:15:58 GMT

Nissan to slash global output 15%

Nissan Motor is set to cut global production about 15% for the current FY ending March 2020, as the company shifts away from the aggressive growth campaign promoted by former Chairman.

Thu, 18 Apr 2019 20:21:51 GMT

Canada sets new deadline for Trans Mountain decision

The Natural Resources Ministry of Canada stated on Thursday that the new deadline for a decision to be made on the extension of the Trans Mountain pipeline was set for June 18.

Thu, 18 Apr 2019 20:18:06 GMT

Hoyer speaks against impeachment

The US House of Representatives Majority Leader Steny Hoyer stated on Thursday that attempts to impeach the country's President Donald Trump would be irrational in light of the upcoming 2020 presidential elections.

Thu, 18 Apr 2019 19:20:27 GMT

Cohen to acquire National Enquirer

According to sources familiar with the matter, the Hudson News CEO James Cohen is expected to acquire American Media Inc's National Enquirer for $100M.

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