After its annual shipments in China dropped 17 %, research firm Canalys revealed on Thursday ( Jan 16 ), Apple was deposed as the country’s top smartphone seller in 2024, with local rivals Vivo and Huawei edging ahead of the company. It was Apple’s largest-ever quarterly sales collapse in ChinaContinue Reading
SEUL: Following the country’s deadliest air crash, which claimed 179 lives, on Monday ( Dec 30 ), Jeju Air’s shares hit their lowest level on record. Jeju Air shares traded down 8.5 per cent as of 12.12pm local time, after falling as much as 15.7 per cent earlier in theContinue Reading
The minutes of South Korea’s monetary policy board’s meeting on November 28th, according to minutes released on Tuesday ( Dec 17 ), indicated that a need to respond quickly and preemptively to a sluggish economy. One member argued that it is more essential at this time to prevent the economyContinue Reading
Tokyo: The central bank was under pressure to raise interest rates again as companies continued to pass on rising raw materials and labor costs for three straight months, according to data released on Wednesday ( Dec 11 ). The Bank of Japan’s ( BOJ) two-day policy meeting that will endContinue Reading
BEIJING: In a move widely seen as a retaliatory shot at Washington’s most recent restrictions on the Chinese chip sector, China announced on Monday ( Dec. 9 ) that it had opened an investigation into Nvidia over suspected violations of the nation’s anti-monopoly law. The State Administration for Market RegulationContinue Reading
TOKYO: Japan’s factory activity shrank at the fastest pace in eight months in November as soft demand prompted firms to trim production, a private sector survey showed on Monday (Dec 2). The final au Jibun Bank Japan manufacturing purchasing managers’ index (PMI) slipped to 49.0 in November, the lowest levelContinue Reading
UNIFORM DEED Fees The measures, which take effect on December 1, include a reduction of the minimum area for homes that used to be taxed up to 3 %, from 90sq m to 140sq m. According to CCTV, the next home document tax legislation in Beijing, Shanghai, Guangzhou, and ShenzhenContinue Reading
After a 22-year legal battle over the right to use its name, Manolo Blahnik, the high-end foot company with some famous fans and frequently seen in the TV series Sex and the City, has opened its primary business in mainland China. The firm anticipates opening a business every year inContinue Reading
Nissan announced a reduction of 9, 000 jobs and a five of the world’s output capacity while revising its yearly income outlook in response to negative trends in China and the US. Japan’s third-largest automaker cut its annual operating profit forecast by 70 per cent to 150 billion yen (Continue Reading
HONG KONG: HSBC Holdings posted a 10 per cent rise in third-quarter profit on Tuesday (Oct 29), beating analyst estimates, as its wealth and wholesale banking benefited from slower-than-expected rate cuts while it embarks on one of the largest overhauls in its history. Europe’s largest bank posted pretax profit ofContinue Reading