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Samsung, LG battery arms on alert on cobalt shortage
In response to a supply shortage of cobalt, a key ingredient used in lithium-ion batteries, South Korean battery makers Samsung SDI and LG Chem are stepping up development of new batteries and diversifying their material suppliers.
 
A VW manager detained in the US is set to admit guilt in emissions scandal case
The German national has been detained since the beginning of the year over the emissions test cheating.
 
IMF sees global economy maintaining expected growth
The body is leaving its projections for global output growth unchanged at 3.5 percent this year and 3.6 percent in 2018.
 
These Asian countries have huge reserves of foreign exchange
China is the world's largest holder of foreign exchange reserves. It has over two and half times more foreign reserves than the second largest reserve holder, Japan.
 
Japan's central bank has cut inflation forecast
But monetary easing measures propping up the world's third-largest economy will remain in place.
 
Samsung ramps up high bandwidth DRAM production
Samsung Electronics announced Tuesday it will ramp up production of its 8-gigabyte high bandwidth memory-2, known as HBM2, to meet growing demand across a wide range of applications including artificial intelligence, high-performance computing, advanced graphics, network systems and enterprise servers.
 
'One Belt, One Road' gives Taiwanese glass fiber firm a geographic advantage
Established by Taiwan Glass Industrial Corp., Taichia Chengdu Glass Fiber Co. in Sichuan province is a key glass fiber manufacturing base in western China.
 
China's economy grew by more than forecast in the first six months
Growth of 6.9 percent was fueled by consumer spending and trade, the country's statistics bureau says.
 
EasyJet is preparing for Brexit by heading to Vienna
The British budget airline plans a new company on the European mainland so it can keep flying between EU destinations after the exit is complete.
 
They are trying to find an alternative trade pact following the withdrawal of the United States, reports say.
 
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