Friday, August 29, 2014
South Korea's Kia Motors Corp. said Wednesday it will invest more than US$1 billion to build a car factory in northern Mexico that is expected to begin production in 2016.
Japan Airlines (JAL) on Thursday said it would order up to 59 regional jets from a unit of Mitsubishi Heavy Industries and Brazilian plane maker Embraer, as it looks to retire some of its gas-guzzling domestic fleet.
The FBI said Wednesday it's working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.
Global stock markets were muted Thursday ahead of U.S. economic data and possible policy announcements from Japan. France's CAC-40 slipped 0.4 percent to 4,377.14 in early European trading, while Britain's FTSE 100 was down 0.2 percent to 6,818.81. Germany's DAX fell 0.6 percent to 9,508.15. Wall Street was set to retreat, with Dow futures down 0.1. S&P 500 futures were off 0.2 percent.
The dollar slipped against other major currencies in Asia on Thursday as investors await revised U.S. second-quarter growth data. In Tokyo afternoon trade, the greenback weakened to 103.73 yen, from 103.86 yen in New York.
Oil prices moved lower in Asia Thursday as dealers look ahead to fresh US economic data for clues about demand in the world's top crude consumer following a neutral weekly stockpiles report.
Thursday, August 28, 2014
IMF chief Christine Lagarde, one of the world's most powerful women, announced Wednesday she had been charged with “negligence” over a multimillion-euro graft case relating to her time as French finance minister.
South Korea's Sewol ferry disaster in April is still casting a cloud over the economy, with the effect on consumer spending lasting longer than expected, the central bank said Wednesday.
China Video Industry Association (CVIA) Vice President Bai Wei-min (白為民) said that mainland China won't cut down its panel purchases from Taiwan, however, Taiwan should worry about its limited panel supply.
Taiwan's top two LCD panel makers AU Optronics Corp. (AUO, 友達) and Innolux Corp. (群創) were upbeat Wednesday on the prospects for their shipments of large panels in the second half of 2014, citing strong demand for TVs and laptops.