Samsung is set to invest 7 billion US Dollars to build a chip production in China

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Source: BBC
Samsung announced it plans to invest about 7 billion US Dollars to set up a chip production in China. The initial investment will be 2.3 billion US Dollars to establish the plant that will manufacture chips for tablets, smartphones and MP3 players. The company will increase investments gradually. Samsung was willing to penetrate China's market but had a reservation on possible technology leaks. However, this year the firm won the government approval to set up the production plant in China.
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Tue, 03 Apr 2012 09:51:16 GMT

Spain unemployment climbed 0.8% in March

The jobless rate in Spain advanced by 0.8% or 38,769 in March reaching 4.75 million, government officials said on Tuesday. Annual unemployment level added 9.6% in March. In February Spain's jobless rate of 23.6% was the top level in the European Union. Spain currently works on massive reforms in its labour market. Economists expected the unemployment my surge even more before it

Tue, 03 Apr 2012 16:40:09 GMT

Australia's retail sales missed expectations in March

Australia's retail sales improved less than initially expected in March, according to Australian Bureau of Statistics. Australian retail sales increased by 0.2% on a seasonally adjusted basis as compared to a 0.3% gain in February.  Experts had predicted the retail sales to advance by 0.3% in March.

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