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August 22, 2017

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US, South Korea launch joint military drills despite N Korea threats
10 sailors missing, five injured after US destroyer collision
Jerry Lewis, the 'king of crazy,' dies at age 91
Indian railway officials suspended after deadly weekend train crash
Spanish police hunting for fugitive from 12-member terrorist cell
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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.
 > Other
Japan's central bank has cut inflation forecast
But monetary easing measures propping up the world's third-largest economy will remain in place.
 > Japan
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.
 > Korea
'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
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.
 > China
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.
Trump is going to renegotiate the US' free trade deal with South Korea
'America First' in action: Since the agreement took effect in 2012, US trade deficit in goods with the country has doubled, American trade rep says.
Ryanair's CEO called Brexit the 'greatest economic suicide note in history'
The low-cost European carrier's boss said there was a real chance of no flights between Britain and the EU for up to months if no deal were reached.
Porsche is booming, and China is to thank
The luxury sports carmaker Porsche has turned in the most successful half year in its history, and it's all thanks to China.
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