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August, 30, 2016

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Business > Asia
China, ASEAN 'need to seal partnership agreement fast'
A top Chinese think tank says it is now imperative for China and ASEAN member countries to speed up Regional Comprehensive Economic Partnership negotiations in order to upgrade economic relations to the next level.
 
China's main offshore oil and gas producer CNOOC saw its shares on the Hong Kong stock exchange fall Thursday, after it reported a US$1.16 billion net loss for the first half of 2016.
 
China's biggest oil producer PetroChina's net profit plunged 97.9 percent in the first half of this year, it said Wednesday, as it struggled with a weak domestic economy and low oil prices.
 
The exhibition Touch Taiwan 2016 held in Taipei is showcasing cutting edge panels and monitors including the world's highest definition 8K4K panel.
 
The property sector turnaround is a double-edged sword in Hong Kong. Average homes prices in Hong Kong's secondary property market last week posted their biggest gains since April last year, according to the weekly price index compiled by Centaline Property Agency.
 
The dollar broadly weakened Tuesday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about U.S. monetary policy.
 
Taiwan's industrial production dropped unexpectedly in July, ending two months of consecutive gains, according to statistics released by the Ministry of Economic Affairs (MOEA) Tuesday.
 
S Korean tech startups accuse Naver and Kakao of copying their software
Local startups are speaking out against South Korean IT giants that have allegedly plagiarized their services, saying that such unfair practices further marginalize smaller companies in the country's highly competitive tech sector.
 
China's biggest property firm Vanke on Monday blamed a takeover it is trying to fight off for worsening business conditions, even as it reported higher profits.
 
Five Korean coal-fired power plants operated by a state-run company have seen a sharp rise in their profitability amid the weeks-long heatwave, data showed Monday.
 
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