A new taxation pact between Taiwan and the mainland will save businesses on either side of the Strait billions of New Taiwan dollars a year and provide a powerful boost to the island's revenue, its financial agency said Tuesday. The ...
Tags: dual taxation, new Taiwan dollars
The Kenyan government has commenced discussion with Chinese authorities to help showcase the East African nation's cultural heritage in the Asian nation's museums, officials said on Monday. Mzalendo Kibunjia, Director General of ...
Holding a string of Buddhist prayer beads, 80-year-old Lhasa resident Doje sits in a park crooning in a crowd gathered for a performance of famous Tibetan opera Padma Obar. As the opera starts, the crowd falls silent in anticipation. ...
Tags: Tibetan Opera, cultural heritage
Depreciation of China's currency offers opportunities for economies in Europe Last week's depreciation of the yuan stoked fears that European exports to China could be hit. As the euro and the pound strengthened, concerns started to grow ...
Tags: global currency, Yuan Move
For full-year fiscal 2015 (ended 28 June), Cree Inc of Durham, NC, USA has reported revenue of $1.63bn, down just 1% on fiscal 2014's record $1.65bn. Specifically, revenue for Lighting Products (mainly LED lighting systems and bulbs) grew ...
Tags: LED Product, LED chips
For second-quarter 2015, Rubicon Technology Inc of Bensenville, IL, USA (which makes monocrystalline sapphire substrates and products for the LED, semiconductor and optical industries) has reported revenue of $7.1m, down 51% on $14.5m a ...
Tags: Mobile Market, LED light, LED bulb
Over 100 million Chinese travel abroad every year, buying more luxury goods than any other nation. Shopping for the perfumes and designer clothes that can cost them twice as much at home is a major travel incentive. However, China’s ...
Tags: luxury goods, perfumes, designer clothes
China's new forex rate formation mechanism is credit positive as it will increase currency flexibility and support China's capital account liberalization, said Moody's in a recent report. The People's Bank of China on Tuesday adjusted the ...
Global Brands Group Holding Limited, which owns long-term rights to the Sypder snow sports brand, reported sales declined 5 percent to $1.28 billion for the six months ended June 30 largely due to pruning of under performing brands and ...
Tags: apparel, footwear, fashion accessories
HIG Europe, a unit of global private equity firm HIG Capital, has sold AR Metallizing to to Nissha Printing. AR Metallizing caters to food, beverage and consumer packaging goods industries with metalized paper. Nissha Printing, which ...
China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
Oil prices gained Monday as data showed China imported more crude in July. China imported 30.71 million tons of crude in July, up 29 percent on year to a record high, according to the data released Sunday by General Administration of ...
Tags: crude oil, Oil prices
In the first six months of this year, Taiwan exported US$10.12 billion of machinery, including US$1.64 billion of machine tools, both of which representing year-to-year decreases, with the total export inching down 0.4 percent and the ...
Tags: machinery exports, machine tools
Communications and information technology company Nokia has signed a deal to sell its HERE digital mapping and location services unit to a consortium comprising Audi, BMW Group and Daimler in a deal worth €2.8bn. The transaction, ...
Tags: HERE Digital Map, Nokia
Revenue for the three months to June 30, 2015 at speciality chemicals producer Eastman Chemical Company rose 3 per cent year over year. “Revenue for the second quarter of 2015 amounted to $2.5 billion, up 3 per cent over the same ...
Tags: turbine oil, chemicals