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Toyota recalls 135,000 cars in Japan, Europe over steering software problem

(ChinaPost.com.tw) – Toyota recalled 135,000 compact cars in Japan and Europe Thursday for a software problem that could cause power steering to stop working. There were no reports of accidents or injuries related to the problem affecting the iQ model …

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

Tencent Holdings plans to shut down instant messaging access for some users

(ChinaPost.com.tw) – Tencent Holdings is planning to shut down access to its popular instant messaging platform for millions of users after a public spat with China’s top antivirus software provider, Qihoo 360. Tencent is making users choose between ru…

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |
 

International Monetary Fund downgrades global growth outlook

(ChinaPost.com.tw) – The International Monetary Fund cut its expectations for world economic growth this year and next to 3.0-4.0 percent on Thursday, but also praised a new funding strategy by the U.S. Federal Reserve.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

Kolin Xinzhuang property auction fails to attract bidders, once again

(ChinaPost.com.tw) – A property maintained by Kolin in –inzhuang, Taipei County, failed to attract bids again in its second auction yesterday, due to what some analysts said was a high base price.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |
 

Telecoms kit maker Alcatel-Lucent reports profit for third quarter

(ChinaPost.com.tw) – Telecommunications equipment maker Alcatel-Lucent SA has reported a profit in the third quarter after losses last year, amid recovering demand for wireless and growth in Asia and eastern Europe.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

UK intervenes on News Corp. bid for BSkyB satellite broadcaster

(ChinaPost.com.tw) – The British government intervened Thursday to investigate the offer by Rupert Murdoch’s News Corp. to buy full control of satellite broadcaster British Sky Broadcasting, a bid which has drawn strong opposition from competing news o…

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

Digital China to issue Taiwan depository receipts

(ChinaPost.com.tw) – Digital China, China’s largest integrated IT service provider, will issue over NT$7 billion worth of Taiwan depository receipts (TDRs), the largest issuance so far this year, the local United Evening News reported yesterday.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

Unions call for G-20 growth drive, finance tax

(ChinaPost.com.tw) – International trades unions called on leaders of the world’s biggest economies on Wednesday to introduce a financial transaction tax and adopt pro-growth and pro-employment policies at their summit next week.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

News Corp.’s first quarter income helped by television, cable results

(ChinaPost.com.tw) – News Corp. is benefiting from political ad spending and a hard-nosed bargaining strategy with pay-TV operators, as gains in its TV and cable segments helped net income grow in the latest quarter.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

News Corp. puts Myspace on notice over unsustainable losses

(ChinaPost.com.tw) – Rupert Murdoch’s News Corp. put Myspace on notice on Wednesday, saying the losses at the ailing social network were unsustainable and there needs to be improvement in the next few quarters.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

GPS maker Garmin set to hang up on its smartphone business due to competition

(ChinaPost.com.tw) – GPS maker Garmin is abandoning the smartphone business after failing to find its way in the highly competitive sector with a handset released a year ago.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

Britain to create new visa to boost high-tech sector

(ChinaPost.com.tw) – The British government will create a new “entrepreneur visa” and reform its intellectual property laws to try to attract high-tech businesses, Prime Minister David Cameron will announce on Thursday.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

WTO, OECD, UN to warn G-20 on currency threat

(ChinaPost.com.tw) – The global economy faces an increased threat of protectionism because of tensions over exchange rates, the heads of three international organizations will warn leaders of the G-20 in a forthcoming report.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

Diners who ‘check-in’ to restaurants on Facebook could now get discounts

(ChinaPost.com.tw) – People who use Facebook to “check in” to their favorite restaurants or shops can now expect to see rewards and discounts from companies looking to drum up business and lure in loyal customers.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |

Hon Hai’s retail strategy helps business integration: analyst

(ChinaPost.com.tw) – Efforts to extend into the retail field by the Hon Hai Group — the world’s largest contract electronics maker — are expected to help the group’s business strategy of vertical integration, an analyst said yesterday.

[ More ] November 5th, 2010 | Comments Off | Posted in Asia, Business, China |
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