News

Note: This section contains information in English only.
Fri, 19 Apr 2019 13:55:41 GMT

Malaysia reviews multi-billion project

Malaysian officials revealed on Friday that the government is reviving a multi-billion property project, which previously was stopped due to the fact that it is being developed by a venture linked to China.

Fri, 19 Apr 2019 13:55:26 GMT

South Korea increases clean energy efforts

On Friday, the South Korean government announced that it is improving its shift to cleaner energy efforts. In general, the government set long term renewable power production targets.

Fri, 19 Apr 2019 12:44:36 GMT

Japanese officials comment on sales tax

On Friday, top officials of the Japanese government announced that the government will stick to its plan to hike sales tax in October despite any rumours.

Fri, 19 Apr 2019 12:44:29 GMT

Thailand plans growth investment

Thai officials announced on Friday that the country's government intends to spend $630 million to boost economic growth. Namely, the country intends to subsidize some of its industries.

Fri, 19 Apr 2019 11:42:08 GMT

China promotes wind power

On Friday, Chinese officials announced that the country's government will promote the use of wind energy to power heating systems for the winter season. China is known for being one of the most wind polluted countries.

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.

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