Saturday, 20 Apr 2024

Asia

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Japan Display to come under Chinese group's control after $2.1 billion bailout

TOKYO (Reuters) – Apple Inc supplier Japan Display said on Friday it has signed a long-awaited deal under which it will receive a 232 billion yen ($2.1 billion) bailout that will give a Chinese-Taiwanese group a near-majority stake in the firm. The group which includes Taiwanese flat screen maker TPK Holding and China asset manager […]

Asian Insider April 12: Kim Jong Un consolidates power

KIM JONG UN CONSOLIDATES POWER North Korea has named a new nominal head of state and a new premier while the country’s leader Kim Jong Un has a new title – the supreme representative of all the Korean people – in what is being described as the biggest leadership shake-up in years. What it could […]

China March exports rebound to five-month high but imports fall more than expected

BEIJING (Reuters) – China’s exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame. Investors are hoping for more signs of economic recovery in China to temper worries about slowing global […]

North Korea shakes up leadership amid diplomacy, economic efforts: KCNA

SEOUL (REUTERS) – North Korea named a new nominal head of state and a new premier, state media said on Friday (April 12), replacing the two senior leaders tasked with representing Pyongyang in many international engagements and playing a major role in developing the civilian economy. Choe Ryong Hae was named President of the Presidium […]

Japan's Motegi says Japan-U.S. talks set for April 15-16

TOKYO (Reuters) – Economy Minister Toshimitsu Motegi said on Friday Japan and the United States will hold a first round of trade talks on April 15-16 in Washington, to find ways to address U.S. concerns over the large surplus Japan enjoys in bilateral trade. U.S. President Donald Trump has made clear he is unhappy with […]

139 suspected drug offenders nabbed after 11-day CNB operation

SINGAPORE – After an 11-day islandwide operation, the Central Narcotics Bureau (CNB) said on Friday (April 12) that it has arrested 139 suspected drug offenders. The authorities seized 589g of cannabis, 83g of Ice, 26g of new psychoactive substances, 22g of heroin, 119 Erimin-5 tablets, six Ecstasy tables and a small amount of ketamine and […]

Barclays opposes activist Bramson's demand to be named to board

(Reuters) – Barclays Plc on Thursday opposed activist Sherborne Investors’ demand to name the investor’s founder Edward Bramson to the board of the British bank. While the bank said it recognized that it does not “yet perform at the level at which it should”, it added that it does not need another strategic overhaul. Bramson […]