Prices of world shares and commodities rose Thursday, suggesting recovery in the global economy. Prices of world shares and commodities rose Thursday, suggesting recovery in the global economy.
Asia/Pacific
Apple's manufacturer mass hires for iPhone 5S release
According to local reports, Foxconn looked for over 90,000 new employees for the iPhone 5S release According to local news reports in Taiwan, Foxconn looked for a massive amount of new employees just in time for the company's launch of the much awaited iPhone 5S.
Less smartphone users in China than Australia, US
Google and IPSOS' research showed that less than half of Chinese urban dwellers had smartphones.
Facebook keeps eye on Indian market
Facebook sent engineers to research on the social media market of India. India is not only the most hotly contested market for smartphones. According to analysts, the Indian social network market will become the largest in the world in two years.
Samsung's screens for Apple's iPad mini
According to a Wall Street Journal report, Apple will be sourcing high resolution screens from competitor Samsung.
Latest News
China's PMI showed growth in July, offering hope that the country's economy is recovering.
Goldman Sachs Group Inc. recommended India to reduce stock holdings after its recorded investors exit in July, resulting to a cut on India's shares rating.
Trimax IT Infrastructure & Services Ltd announced that it had filed its official IPO documents with the Securities and Exchange Board of India.
BIMB announced that they set to acquire full control of Bank Islam for US$884 million. Malaysia's BIMB Holdings Bhd said that they are set to pay US$884 million to gain the full control of Bank Islam in a deal that will help it increase its stake in the rapidly growing banking sector.
South Korea-based Celltrion Inc, said in a statement posted on its website, that the stake sale to AstraZeneca by a newspaper was inaccurate, causing the drugmaker's share to slump by 7%.
A report by Cushman & Wakefield revealed that around US$2 billion in private equity funds is ready to be invested in Indian real estate.
China's Premier Li Keqiang's projects will now get the much needed help with the recent boost in the manufacturing industry.
Managing director of Cholamandalam Investment confirmed that his company was looking to raise up to INR300 crore but that no exact date for the launch had been identified.
Sony Corp said that they are set to billionaire Danny Loeb's proposal to sell part of the company's unit through an initial public offering.
