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December, 9, 2016

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Business > Asia > Australia
Chinese state energy giant CNOOC has cut its targeted output for 2016, the first such move in over a decade, as fears grow over the health of the Chinese economy and plunging oil prices.
 
Ukraine said on Wednesday it would launch the first test shipments of goods this week to Kazakhstan that would bypass Russia because of the Kremlin's new trade embargo on Kiev.
 
Unbeaten PSG extend lead in French league
Thiago Motta and Maxwell each scored as Paris Saint-Germain picked up where it left off before the midseason break with a 2-0 win over Bastia in the French league Friday.
 
TPP task force, time-based electricity pricing: Tsai
Democratic Progressive Party (DPP) presidential candidate Tsai Ing-wen on Tuesday announced campaign promises including a Trans-Pacific Partnership (TPP) task force and new time-varying electricity rates that incentivize peak-period saving.
 
An Australian law requiring cigarettes to be sold in plain packaging has received a boost after an international tribunal said it would not hear a tobacco company's legal challenge.
 
Australia will introduce an entrepreneur visa and offer tax breaks for start-ups, the government said Monday as it tries to unleash an "ideas boom" to move the economy away from dependence on mining.
 
The threat of recession in Australia receded with new data on Wednesday showing the economy gathered pace in the most recent quarter as mining exports grew.
 
Australia's central bank kept interest rates at the historic low of 2.0 percent for a seventh month Tuesday, but indicated further easing could be in the pipeline.
 
A new batch of 1,000 "Pepper" robots jointly developed by Japanese telecom giant SoftBank Corp. and Taiwanese contract manufacturer Hon Hai Precision Industry Co. sold out in just one minute after they were put on sale in Japan Saturday.
 
Along with Taipei's sky-high housing prices, buying a parking space in the capital city is a very costly endeavor, with the most expensive one priced at NT$8.2 million (US$252,392), according to surveys conducted by local realtors.
 
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