China officially launched a new multibillion-dollar jet engine conglomerate with almost 100,000 employees at the weekend, as Beijing seeks to become an aerospace power and compete with the likes of Rolls Royce and General Electric.
A Kashmiri man pushes his bicycle carrying a cooking gas cylinder as it rains in Srinagar, Indian-controlled Kashmir, Sunday, Aug. 28. The area's development has been held back by years of conflict, which has intensified in recent weeks.
The lack of business confidence among private companies has emerged as one of the most worrying trends for China's economy, the world's second largest.
Perng Fai-nan (彭淮南) said Monday that he did not influence the personnel decisions of Mega Financial Holding Co. (兆豐金控), after radio personality Clara Chou (周玉蔻) questioned whether the central bank head had used his position to help brother-in-law Shiu Kuang-si (徐光曦) secure the chairmanship of the scandal-hit financial group.
An India-backed company planning to build a massive coal mine in Australia welcomed a court's decision Monday to dismiss a legal challenge raising environmental concerns over the project's impact on the Great Barrier Reef.
Chinese oil giant Sinopec, Asia's biggest refiner, saw its first half net profits drop 21.6 percent, it said, hit by low oil prices.
Taiwan's consumer confidence index (CCI) fell in August, reflecting public concerns over the economy, National Central University (NCU) said Monday.
Japan's new passenger jet on Sunday aborted a test flight to the United States for the second time in two days because of an air conditioning defect, its maker said.
Minister of Economic Affairs Lee Chih-kung (李世光) said Taiwan was suited for smart manufacturing development because of its solid foundation in manufacturing, as well as its partnership with Germany, which is known for industry 4.0 development.
Japanese inflation continued to disappoint in July, according to data released on Friday, with consumer prices dropping for a fifth straight month in the latest blow to Tokyo's faltering war on deflation.