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June, 27, 2016

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Business
Japan: Mitsubishi cheated on mileage by up to 16 pct
The Japanese government said Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company.
 
China Airlines workers' union asks for  stability amid voting on strike plan
The China Airlines (CAL) Employees Union called Monday for stability and said its members want nothing more than their jobs, while members of a different flight attendant union prepare to vote on whether or not to launch strike action.
 > Taiwan
 
Rio's new subway line is running out of time
Two construction workers chatted while applying white grout to the walls of a new subway tunnel one recent day, their voices and the smells of the building materials stark reminders of what was missing: passengers and trains.
 
The mainland bond market, worth approximately 48 trillion yuan (US$7.3 trillion), is the third-largest in the world, behind the United States and Japan.
 > China
 
China has built the world's fastest supercomputer using locally made microchips, a survey said Monday, the first time the country has taken the top spot without using U.S. technology.
 > China
 
Volkswagen faces shareholder wrath at AGM in face of emissions scandal
Embattled German auto giant Volkswagen will face the wrath of its shareholders at its annual meeting on Wednesday as it struggles to steer itself out of an unprecedented engine-rigging scandal.
 
First trade deficit since January hits Japan in May
Japan fell into a trade deficit in May, the first since January, the finance ministry said Monday, as renewed yen strength pressured exports.
 > Japan
 
Asia led a rally in global markets Monday, building on gains at the end of last week as polls suggest Britain's upcoming referendum will result in the country staying in the European Union.
 
With worse-than-expected economic momentum, export orders fell 5.8 percent year-on-year to US$33.73 billion in May, marking the 14th month of consecutive decline.
 > Taiwan
 
A British exit from the European Union could cause global market swings for a while. But that would soon pass. If we're lucky, that is.
 
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