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Aging to cost Asia US$20t by 2030

Aging to cost Asia US$20t by 2030

Asia’s population is aging faster than anywhere in the world, a study said yesterday, warning the swelling ranks of the elderly will cost the region US$20 trillion in healthcare by 2030....

August 26, 2016, Friday


Poland 1st European nation to issue yuan bonds in China

Poland 1st European nation to issue yuan bonds in China

Poland yesterday said it was the first European country to issue government bonds in China, opening the door to new sources of financing as Warsaw plans to run a record deficit next year....

August 26, 2016, Friday


CNOOC suffers US$1.16b net loss in H1

CNOOC suffers US$1.16b net loss in H1

China’s main offshore oil and gas producer CNOOC saw its shares on the Hong Kong stock exchange fall yesterday, after it reported a US$1.16 billion net loss for the first half of 2016....

August 26, 2016, Friday


Amazon promotes Chinese literature

Amazon promotes Chinese literature

Amazon said yesterday it would promote Chinese literature overseas through its Kindle online book store....

August 26, 2016, Friday


Engine woes ground ANA B787 flights

Engine woes ground ANA B787 flights

Japan’s All Nippon Airways said yesterday it is cancelling some Boeing 787 Dreamliner flights owing to a problem with the plane’s engine, and warned of more groundings....

August 26, 2016, Friday

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Facebook to use WhatsApp data for targeted ads

Facebook to use WhatsApp data for targeted ads

Global messaging service WhatsApp says it will start sharing the phone numbers of its users with Facebook, its parent company....

August 26, 2016, Friday


US sees new orders for core capital goods increase

US sees new orders for core capital goods increase

New orders for US manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending...

August 26, 2016, Friday


Consumer spending lifts Spain’s GDP

Consumer spending lifts Spain’s GDP

Spain’s economy grew strongly in the second quarter as consumer spending stayed robust and demand for exports rose, though there were signs that a vibrant investment climate may be starting to cool after...

August 26, 2016, Friday


Shares dip on talk of loan curbs

Shares dip on talk of loan curbs

SHANGHAI stocks closed lower yesterday amid concerns that government measures would be unveiled to curb lending to developers and homebuyers....

Ding Yining | August 26, 2016, Friday


Hisense still owns Sharp rights

Hisense still owns Sharp rights

Hisense, which bought Sharp America for US$23.7 million in 2015, reiterated yesterday that the company still holds the licenses of Sharp brands in America even after Foxconn’s acquisition of Sharp....

August 26, 2016, Friday


Canon’s feature-rich camera

Canon’s feature-rich camera

Canon Inc’s new flagship camera, released in Beijing yesterday, boasts several user-friendly functions like built-in Wi-Fi and 4K video shooting. The addition of connectivity and social features to the ...

August 26, 2016, Friday


Private investment eyed for revival plan

Private investment eyed for revival plan

A multibillion-dollar plan to boost northeast China’s flagging economy will not just use state funds, but also use private capital to invest, an official said yesterday....

August 26, 2016, Friday


HK gives green light for Alipay payment

HK gives green light for Alipay payment

Hong Kong has given the go-ahead for Alipay to operate a payment business in the city, allowing the financial services giant access to payment services in one of the world’s leading financial centers....

Ding Yining | August 26, 2016, Friday


Compensation deal expected

Compensation deal expected

Emblems of VW Golf VII car are pictured in a production line at the plant of German carmaker Volkswagen in Wolfsburg. Volkswagen AG was expected to say yesterday it has reached a deal in principle to compensate its 650 US dealers in connection with the German automaker’s diesel emissions scandal, a source briefed on the matter said. VW and lawyers for the VW brand dealers were expected to announce a tentative deal at a court hearing in San Francisco later yesterday morning. The amount of the settlement is not likely to be immediately disclosed, the source said. VW’s US dealers have been barred from selling polluting diesel vehicles for nearly a year. ...

August 26, 2016, Friday


Hisense still bets on Sharp to penetrate the US market

Hisense still bets on Sharp to penetrate the US market

Hisense, which bought Sharp America with US$23.7 million in 2015, still holds the licenses of Sharp brands in America even after the Foxcon’s acquisition of Sharp, the leader in the Chinese TV market ...

Zhu Shenshen | August 25, 2016, Thursday


 

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