China to make inroads into global chip making
China is planning to become a major force in the global semiconductor segment. State-run XMC is setting up a major $24-billion semiconductor project in association with a US company.
Asia/Pacific
Russia Reportedly Jammed GPS of Over 46,000 Aircraft, Disrupting Flights to and From Europe
Suspected Russian jamming of GPS systems has disrupted thousands of flights over the Baltic Sea, affecting over 46,000 aircraft, prompting safety concerns among airlines like Ryanair, Wizz Air, British Airways, and easyJet.
Malaysia Sets Eyes on Transforming Kuala Lumpur Into Leading Digital Hub in Southeast Asia
Malaysia aims to make Kuala Lumpur a Southeast Asian digital powerhouse by 2030 by ranking it among the top 20 startup ecosystems...
Prominent Businessman in Pakistan Found Dead After Cousin Sprayed Bullets Outside His Home
A prominent businessman in Pakistan was allegedly shot dead by his cousin outside his house in the early hours of Sunday...
Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop
Tesla has implemented price reductions in key markets such as China, Germany, and other European countries, following similar cuts in the United States...
Taiwan Seeks US Funding as Chinese Warplanes Slowly Approach the Country
Taiwan's military engages in talks with the United States over newly a...
Philippines Wants US, Japan to Fund Freight Railway Project After It Drops Funding Talks With China
The Philippines is seeking alternative financing deals for a freight r...
Latest News
Vijay Mallya Steps Down As Sanofi India Chairman
Vijay Mallya announcement his retirement as Sanofi India Chairman and wishes not to be elected anymore. He said that he wants to spend more time in England where his children stay.
The World is Facing Sugar Shortage Until at Least 2017, Caused by El Niño
El Niño is hitting on cane productions especially in Asia, leading to a global shortage and the rise in prices. This would be the first year of sugar shortage after years of surplus. The shortage is p
PetrChina To Cut Production Following 67% Decrease In Profit Earnings During 2015
PetroChina has announced its earnings, forecasts and future planning for cutting down production on Wednesday in Hong Kong. Around 67% decrease in net profit and 12-year low oil price has apparently p
Mitsui Forecasts ¥64 Earnings Per Share Despite Possibility For Incurring Net Annual Loss
Markets of iron ore and gas have been hit hard due to over supply and decreasing demand and Japanese trading house Mitsui & Co. also follow trait. The Japanese trading house is going to embrace loss f
Some US energy chiefs make more cash amid oil turmoil
Contrary to a notion that oil rout is impacting everyone in the industry, there are few bosses at energy companies making more money based on their performance. Few top managers are excelling in meet
Bangladesh Bank Mulls For Lawsuit Against New York Fed
The Federal Reserve Bank of New York has denied any responsibility over the $81 million cyber heist from the current account of Bangladesh Bank. But a BB audit report observes NY Fed responsible since
Talbot expands Australian presence, strengthens financial team
Talbot Underwriting Ltd is spreading its footprint of financial lines business in Australia. Talbot Underwriting, a wholly-owned subsidiary of Validus Holdings Ltd, has appointed David McKenzie and Da
Iron Ore Climbs as China Property Market Recover
Price of iron ore rallies as China's property market showed further sign of recovery. Surge in the price of iron ore also correlated with increase in steel futures.
India's NCDEX imposes spl margins on Kapas
India's National Commodities and Derivatives Exchange (NCDEX) has imposed special margins in Kapas contracts. Kapas prices fell over seven percent during the past fortnight. NCDEX has taken the decisi
