-
Giappone
OECD countries to cooperate against tax avoidance by major corporations
More than 30 OECD countries signed an agreement Wednesday to share information about multinationals in a push to boost transparency following public anger over large corporations playing the system to lower their tax bills. Under the new rules, multinationals will have to report country by country how much they make ...
-
Cina Giappone
Chinese man stole protected seeds major U.S. firms
A Chinese man pleaded guilty in a U.S. court Wednesday to stealing patent-protected corn seed from agribusiness giants Monsanto and DuPont to take back to China for commercial use. Robert Mo Hailong, 46, participated in a plot to steal inbred corn seeds from the two U.S. companies so that his ...
-
Giappone
Game over? Computer beats human champ in complex strategy challenge
In a milestone for artificial intelligence, a computer has beaten a human champion at a strategy game that requires “intuition” rather than brute processing power to prevail, its makers said Wednesday. Dubbed Alphago, the system honed its own skills through a process of trial and error, playing millions of games ...
-
Giappone
EU fines Mitsubishi, Hitachi units €138 million over auto parts cartel
The European Union fined Mitsubishi Electric Corp. and Hitachi Ltd. on Wednesday a total of around €137.8 million (¥18.05 billion)after finding that the two Japanese firms had participated in a cartel over the sale of auto parts. Denso Corp. was also part of the action that coordinated prices in Europe ...
-
Giappone
Oil wealth a blessing, energy dependence a curse for Russia’s economy
Abundant oil and gas deposits have been a blessing for Russia, but they now feel like a curse as low prices propel the country into a deep economic crisis that shows no signs of abating. The ruble fell to a record dollar low this past week as global crude prices ...
-
Giappone
Japan state fund approaches Hon Hai about tie-up with revived Sharp
The government and a state-backed fund have made a proposal to Taiwan’s Hon Hai Precision Industry Co. about a potential tie-up with Sharp Corp. after the fund’s envisioned investment in the ailing Japanese electronics maker, sources said Wednesday. The move is seen as an attempt by the government, wishing to ...
-
India
Diamond miners lower rough diamond prices by 5-7%
De Beers, Rio Tinto and ALROSA have lowered rough prices by 5-7% beginning this month, making the sparkling stone attractive for buyers.
-
India
Are sovereign wealth funds big sellers in Indian stocks?
Most SWFs have no direct presence in Indian equities but those that do have been increasing their exposure to the country.
-
India
Centre, RBI in talks to allow more free ATM transactions
The government is in discussions with the RBI to allow more free ATM transactions for certain types of accounts as part of its drive to deepen financial inclusion.
-
India
Non-IT firms hunt for digital talent
“Digitisation is the way forward, and a digital strategy brings speed, efficacy and probity which are essential for progress,” said Rajeev Bhadauria.