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India
LG, Sony fight for survival in India's smartphone space, to exit entry market
To exit entry smartphones, face stiff competition from Chinese, local companies
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Cina
Beijing overtakes New York as ‘Billionaire Capital of World’
The Chinese capital has overtaken the Big Apple as home to the most billionaires — 100 to 95 — according to Hurun, a Shanghai firm that publishes a monthly magazine and releases yearly rankings and research about the world's richest people and their spending habits.
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India
Aequs Aerospace wants restoring incentives to SEZs in Budget
Rajeev Kaul, Group CFO and MD of Aequs India, an aerospace manufacturing company said SEZs across the country have lot of expectations from forthcoming union budget scheduled on 29th February. Aequs has SEZ unit at Hattaragi in Belagavi district.
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Giappone
Like rivals, Mizuho union drops pay hike bid amid BOJ negative rate woes
The labor union of Mizuho Financial Group Inc. decided Wednesday not to request a pay-scale hike at this year’s wage talks, given the group has taken a battering from the central bank’s negative interest policy, sources said. The union plans to gain members’ approval by the end of March before ...
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Cina India Giappone
’14 Sony Pictures hackers linked to China, India breaches, laid to ‘nation-state’
The perpetrators of the 2014 cyberattack on Sony Pictures Entertainment were not activists or disgruntled employees, and likely had attacked other targets in China, India, Japan and Taiwan, according to a coalition of security companies that jointly investigated the Sony case for more than a year. The coalition, organized by ...
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Giappone
Sharp board weighs rescue plans from Hon Hai, state fund
Sharp Corp. stepped up discussions Wednesday about competing offers from a Taiwanese company and a Japanese state-backed fund to rescue the struggling electronics maker. Sharp board members did not reach a decision on which offer to accept, and are expected to meet again Thursday, a Sharp official said. The meeting ...
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Giappone
Major Tokyo power retailer seen quitting the business
Japan Logitec Cooperative Association is highly likely to end its electricity retail operations at the end of March, informed sources said Wednesday. The Tokyo-based major power retailer asked Tokyo Electric Power Co. to dissolve a contract to use Tepco’s power grid chiefly due to its deteriorating financial health, the sources ...
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Giappone
Bank of Japan to tighten information controls after probe of possible leak
The Bank of Japan said it will tighten control of information about policy decisions after questions were raised about a possible leak of officials’ discussions just before last month’s announcement of negative interest rates. The central bank will limit the use of communication devices during meetings and request assistance from ...
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Cina Giappone
Dollar near ¥112 amid risk-off mood
The dollar substantially shed earlier losses to trade above ¥112 in Tokyo late Wednesday, helped by a rise in Shanghai stock prices. At 5 p.m., the dollar stood at ¥112.10-11, down slightly from ¥112.13-13 at the same time Tuesday. The euro was at $1.0997-0997, down from $1.1037-1037, and at ¥123.28-29, ...
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Giappone
Nikkei slips below 16,000 as yen’s strength grows
Stocks lost further ground Wednesday as the yen ascended, pushing the Nikkei average below 16,000. The Nikkei retreated 136.26 points, or 0.85 percent, to finish at 15,915.79 on the Tokyo Stock Exchange. On Tuesday, it dropped 59.00 points. The Topix index closed down 6.64 points, or 0.51 percent, at 1,284.53, ...