China UnionPay cards now accepted in ATMs in Taiwan
07-01-2010
- China UnionPay Co. Ltd. (CUP), a bankcard services provider, announced Wednesday it has reached an agreement with Taiwan Financial Information Service Co., Ltd (FISC) that allows cards of the former to be used in Taiwan'..
OECD inflation rate declines to 2% in May
06-30-2010
- The inflation rate in the Organization of Economic Cooperation and Development (OECD) area slightly declined in May due to slower increase in energy and food prices.
The annual inflation rate in the OECD area was 2 perc..
Oil firms may find BP asset race tough
06-30-2010
- Chinese oil companies may find it tough to convert the potential opportunities that may arise when BP Plc decides to divest some of its assets into actual deals, analysts said on Tuesday.
Domestic companies will have to..
S Korea posts six-mth high current account surplus in May
06-30-2010
- South Korea posted a six-month high current account surplus on the back of strong exports, decreased dividend payouts to foreign investors, and a fall in overseas travel spending, the central bank said Tuesday.
Accordin..
Industrial output of S. Korea up for 11th consecutive month in..
06-30-2010
- South Korea saw a gain in its industrial output for the 11th consecutive month in May amid an economic recovery, a government report showed Wednesday.
According to the report by Statistics Korea, South Korea's mining an..
Cash earnings of Japan drop in May
06-30-2010
- Average monthly cash earnings for workers in Japanese companies with five or more employees declined 0.2 percent on year in May, the Ministry of Health, Labor and Welfare said in a preliminary report on Wednesday.
May's..
Economic sentiment rise in eurozone
06-30-2010
- Business and consumer confidence in eurozone up slightly in June after dropping 2.2 points in the previous month, according to a survey released on Tuesday.
The Economic Sentiment Indicator (ESI) for the 16-nation bloc ..
Foxconn will build new plant in Central China, bringing 300,00..
06-30-2010
- Foxconn will build a new plant in Zhengzhou City, Henan Province, China, municipal authorities said Tuesday.
Foxconn and senior officials of Zhenzhou and Henan are working on the details of an agreement to build the pla..
Industrial production of Japan slips 0.1% in May
06-29-2010
- Industrial production of Japan slipped 0.1 percent in May from a month earlier, marking the first decrease in three months, the Ministry of Economy, Trade and Industry (METI) said in a preliminary report Tuesday.
The de..
Thailand revises up 2010 GDP growth to 5-6 pct
06-29-2010
- The Fiscal Policy Office (FPO) at Thailand's Ministry of Finance has revised up its economic growth projection for 2010 from 4-5 percent to 5-6 percent year-on-year on the back of substantial expansion in the country's e..