Wednesday, August 26, 2015
South Korea's SK Hynix Inc., the world's second-largest memory chip maker, announced Tuesday it would spend 46 trillion won (US$38 billion) in facility investments over the next 10 years.
Mainland China is expected to add more than 6,300 new aircraft to its commercial fleet by 2034, U.S. manufacturer Boeing said Tuesday -- an increase of over 300 planes on its last forecast a year ago.
Unions representing London's Underground staff on Monday called off two 24-hour strikes planned for this week, which threatened more chaos for commuters already hit by walkouts over plans for night services.
Microsoft said Monday its Cortana virtual assistant software was available to users of Android mobile devices.
German economic growth picked up in the second quarter of 2015, and the public finances of Europe's economic powerhouse were firmly in the black in the first half, data showed on Tuesday.
Asian markets were mixed after a seesaw session on Tuesday, with Tokyo diving and Shanghai extending its worst rout in almost 20 years, while other regional markets bounced into positive territory.
Japan's finance minister on Tuesday warned over the yen's rapid rise after the U.S. dollar plunged to a seven-month low against the unit on fears over China's economy and global growth.
Prices of crude oil and most other commodities rebounded in Asia Tuesday but stayed under pressure following a global sell-off sparked by the faltering economy in mainland China, the world's top user of industrial metals and energy.
Drugmaker Pfizer says it's received the final regulatory approvals for its US$15.23 billion purchase of the injectable drug and infusion device maker Hospira, and says the deal will close in early September.
Tuesday, August 25, 2015
SHANGHAI - Shanghai stocks tumbled on Tuesday, extending their steepest four-day rout in almost 20 years after worries about China's faltering economy sent world markets reeling, but other Asian stocks bounced back from heavy early losses.