General Motors Co (GM) (GM.N) on Thursday said its labor costs have risen nearly 50 percent over the past five years in South Korea, where it makes nearly one-fifth of its global output, but that it does not plan to shut any of its four plants there.
Asia/Pacific
China charity law set to boost public trust in charities
China has prepared a draft law for charities to register directly with the government, making it easier for them to raise funds and gain tax exemptions, while allaying public concern over the way they are run, following some high-profile scandals.
Chinese Premier pledges support for firms to 'charge out into the world'
China plans to cut red tape and reduce costs for Chinese firms looking to spread their reach overseas to help boost growth and stave off a wider economic slowdown, according to a statement from the ruling State Council.
Mozilla to also reject Chinese Internet body's certificates
Mozilla Corp, creator of the popular Firefox web browser, said on Thursday it would follow Google Inc and no longer recognize new certificates of trust issued by a Chinese Internet agency.
China's Alibaba finance arm, Xiaomi partner in wearable payments
Alibaba Group Holding Ltd's (BABA.N) finance arm and smartphone maker Xiaomi Inc [XTC.UL] said on Thursday they will jointly develop mobile payment systems using wearable technology, a first for China's major tech firms.
Latest News
Asian shares rose on Thursday, shrugging off weak U.S. data overnight that raised concerns ahead of Friday's key employment figures, as investors covered positions ahead of the Easter holidays.
Japan remains cautious about signing up to the China-led Asian Infrastructure Investment Bank (AIIB), indicating that Tokyo will miss the March 31 deadline for application, but both Taiwan and Norway said they would seek to join the institution.
Singapore Airlines Ltd (SIA) (SIAL.SI) denied on Tuesday a media report that it is in talks to buy a stake in Hong Kong Airlines International Holdings Ltd.
Takahide Kiuchi often appears a lone voice of dissent on the Bank of Japan board as his proposals to change key elements of its massive monetary stimulus are consistently voted down, but two years into the policy he is looking increasingly prescient.
Japan's industrial output fell in February at the fastest pace in eight months due to declines in production of machinery, cars and electronics in a worrying sign that domestic demand could be faltering.
Japan's Fujifilm Holdings Corp (4901.T) said on Monday it has agreed to acquire U.S. biotechnology firm Cellular Dynamics International Inc (CDI) (ICEL.O) for $307 million.
Treasury Secretary Jack Lew said on Monday he would discuss with the Chinese government recent technology policy moves that Washington has complained constitute unfair regulatory pressure on foreign firms.
Germany's BMG music rights company said on Monday it had signed a music digital distribution deal with China's Alibaba Group Holding Ltd, as the world's largest e-commerce firm firms up its bid to become a digital media empire.
Denmark has applied to join the Beijing-led Asian Infrastructure Bank (AIIB), China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States.
