Global and China News

Feeding frenzy in Spain's renewable energy sector

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - A wind of change is blowing on Spain's renewables: companies and investment funds have been on a buying spree, taking advantage of the know-how and growth prospects of a sector still limping out of a crisis.

Oil field in Western US source of global uptick in ethane air pollution

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - An oil and natural gas field in the western United States is largely responsible for a global uptick of the air pollutant ethane, according to a new study.

Future of Mitsubishi Motors in doubt

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Sales are falling off a cliff. Its reputation is in tatters. And even its top executive is talking about whether the automaker will survive.

Japan announces US$7 billion plan to develop Mekong region

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Japan's foreign minister announced a US$7 billion initiative Monday to promote development in Southeast Asia's Mekong region, which encompasses parts of Vietnam, Laos and Thailand through which the river flows.

Seaweed farmers in hot water as Zanzibar water temperatures rise

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Waist deep in sparkling blue water off the white beaches of the Indian Ocean spice island of Zanzibar, seaweed farmer Mtumwa Vuai Ameir gently ties seedlings to wood poles.

Burundi economy battered by year-long crisis

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - A year into a political crisis which has claimed about 500 lives, driven a quarter of a million into exile and prompted Western donors to suspend government aid, Burundi's economy is on the ropes.

Marijuana farms not far from the White House

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Security cameras and barbed wire suggested this was the right place — the old warehouse on a dead-end street not far from the White House that hosts one of the handful of legal marijuana farms in the U.S. capital.

Japan's Nikkei leads losses in limited Asian trade

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Tokyo stocks plunged more than three percent as a surging yen hit exporters Monday, leading a sell-off across Asia in holiday-thinned trade and after worries about the global economy fuelled sharp losses in New York and Europe.

Qatar bank admits some leaked customer data may be accurate

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Qatar's largest bank acknowledged Sunday that some personal customer data that was leaked online may be authentic, and said it has hired an outside expert to review potential vulnerabilities to its computer systems.

Halliburton, Baker Hughes call off multibillion dollar merger

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - U.S. oil services companies Halliburton and Baker Hughes announced Sunday they were calling off their massive multibillion-U.S.-dollar proposed merger that had met strong resistance from regulators.

Australian entrepreneur Craig Wright says he created Bitcoin

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Australian entrepreneur Craig Wright on Monday identified himself as the creator of Bitcoin, following years of speculation about who invented the pioneering digital currency.

Net foreign funds hit US$1.75 bil. in April

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Foreign institutional investors in Taiwan recorded a net fund inflow for the third consecutive month in April, registering US$1.75 billion, according to statistics released Thursday by the Financial Supervisory Commission (FSC).

Yuanta Securities Investment seeks to issue ETF linked to KOSPI200

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Yuanta Securities Investment Trust Co. (元大投信), a subsidiary of Yuanta Financial Holding Co. (元大金), is looking to issue exchange-traded funds (ETFs) linked to the Korea Stock Exchange Index 200 (KOSPI 200).

A380 service on Taipei route only the beginning: Emirates

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Dubai-based Emirates airline is optimistic about growth, its Chief Commercial Operator Thierry Antinori said in Taipei on Monday, following the introduction of the Airbus A380 aircraft on the carrier's Taiwan route the previous day.

Low-cost Jeju Air launches Incheon-Taoyuan flights

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - South Korea's leading low-cost airline Jeju Air launched daily flights connecting Incheon International Airport and Taiwan Taoyuan International Airport on Sunday, in a bid to attract more Taiwanese passengers and boost the country's tourism.

Puerto Rico won't make US$370 million in debt payments Monday: Padilla

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Governor Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly US$370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory's spiraling public debt crisis.

Air France-KLM board picks Janaillac as CEO

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Air France-KLM's board of directors on Sunday appointed Jean-Marc Janaillac, the current head of French transport group Transdev, as the group's new chief executive following the surprise resignation of Alexandre de Juniac.

Oil prices start week on low after rally, with fears of a supply glut

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Oil prices dipped Monday after enjoying another strong rally last week, with news of a jump in Iraqi exports bringing supply glut fears back to the fore.

Yen eases after Tokyo hints at intervention

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - The yen's soaring rally took a breather in Asian trading Monday after Japanese finance minister Taro Aso warned over the surge, vowing to take action “when necessary.”

Planned Intel job cuts create uncertainty in New Mexico city

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - A massive Intel plant has been a cornerstone in Rio Rancho, New Mexico, for nearly a generation. During its time in the bedroom community north of Albuquerque, Intel has pumped billions of dollars into the state economy and helped fund a number of public schools.

Norway fund to weigh in on executive pay

(Tue, 3 May 2016 00:02:00 +0800)

(ChinaPost.com.tw) - Norway's sovereign wealth fund, the biggest in the world with shares in more than 9,000 companies, will take a closer look at the controversial issue of executive pay, the country's central bank said Monday.