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June, 25, 2016

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Business
A whole yacht of money
A man is at the rudder of the latest yacht by Horizon Yachts Group (嘉鴻遊艇) in Kaohsiung on Tuesday, June 21. The yacht-maker received an order from an Australian buyer for the US$130 million yacht on Tuesday, the day it was unveiled. The vessel will be displayed at a yacht expo in Sydney at the end of June.
 > Taiwan
 
A little-known Chinese real estate company on Tuesday denied a report its parent had signed a US$9 billion MOU with electric carmaker Tesla for a production plant in China, after its share price surged.
 
Chinese internet giant Tencent on Tuesday announced it had agreed to buy Finnish game-maker Supercell Oy, creator of "Clash of Clans," from Japanese mobile giant SoftBank for US$8.6 billion.
 
The Japanese government said Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company.
 
Premier Lin Chuan said Tuesday that the government's defense budget for 2017 is not likely to reach 3 percent of gross domestic product (GDP), given the country's tight financial situation.
 > Taiwan
 
Japan: Mitsubishi cheated on mileage by up to 16 pct
The Japanese government said Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company.
 
China Airlines workers' union asks for  stability amid voting on strike plan
The China Airlines (CAL) Employees Union called Monday for stability and said its members want nothing more than their jobs, while members of a different flight attendant union prepare to vote on whether or not to launch strike action.
 > Taiwan
 
Rio's new subway line is running out of time
Two construction workers chatted while applying white grout to the walls of a new subway tunnel one recent day, their voices and the smells of the building materials stark reminders of what was missing: passengers and trains.
 
The mainland bond market, worth approximately 48 trillion yuan (US$7.3 trillion), is the third-largest in the world, behind the United States and Japan.
 > China
 
China has built the world's fastest supercomputer using locally made microchips, a survey said Monday, the first time the country has taken the top spot without using U.S. technology.
 > China
 
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