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August 18, 2016
Samsung buys US luxury home appliance maker Dacor
Seoul (AFP) Aug 11, 2016
Samsung Electronics said Thursday it had acquired US luxury appliance maker Dacor, as part of its push towards a full production line of high-end, Internet-connected homeware. The purchase of the California-based company is the latest in a series of acquisitions by the South Korean electronics giant in recent years - including that of US home automation startup SmartThings in 2014. A Samsung statement gave no details on the value of the deal to acquire Dacor, whose products include stovetops, o ... read more

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Down but not out: fears ease over China's weaker yuan
A year ago on Thursday Chinese authorities stunned global markets by devaluing their yuan currency, raising fears the world's second-largest economy was worse off than thought - but investors are now more sanguine about a weaker "redback". ... more
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Montreal march kicks off World Social Forum
A festive march through downtown Montreal on Tuesday marked the official opening of the World Social Forum (WSF), which is being held for the first time in a G7 nation to try to bridge a north-south divide. ... more
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Bitcoin not money, judge rules in victory for backers
Bitcoin, a Florida judge says, is not real money. Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of the financial system. ... more
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Taiwan exports end losing streak with surprise growth
Taiwan exports ended a 17-month losing streak boosted by demand for electronic parts as US tech giant Apple prepares to launch its new iPhone series, the government said Monday. ... more
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EU hits China, Russia with steel anti-dumping duties
The European Union on Thursday hit China and Russia with anti-dumping duties on cold rolled steel imports after EU producers complained they were being forced out of the market. ... more
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China 'cannot tolerate accusations' on Britain investment
China "cannot tolerate" accusations that its investment in a British nuclear plant threatens that country's security, state media said Monday, after London surprisingly delayed the giant project. ... more
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China manufacturing contracts in July: govt
China's manufacturing shrank in July, the government said Monday, blaming the deterioration on rainstorms that wreaked havoc across large swathes of the country. ... more
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Beijing slaps EU, Japan, S. Korea with steel duties
China said Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices. ... more
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Philippines driving up nickel prices: industry group
Concern over the new Philippine government's mining policies is helping drive global nickel prices to nearly one-year highs, the local industry association said Friday. ... more
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Japan in first half-year trade surplus since Fukushima
Japan on Monday posted its first half-year trade surplus since the 2011 Fukushima nuclear disaster, after the accident sent energy import bills soaring and led to a string of deficits. ... more
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Australian regulator approves logistics giant takeover
The break-up of Australian logistics giant Asciano between local and international suitors cleared a key hurdle Thursday after the nation's corporate regulator approved their Aus$9.05 billion (US$6.78 billion) bid. ... more
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Publishers take on China at Hong Kong book fair
Hong Kong's feisty publishing industry vowed to take on China by selling books critical of Beijing, despite the disappearances of five city booksellers, as a major annual book fair began Wednesday. ... more
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New UK finance minister to talk up trade on China visit
New finance minister Philip Hammond will on Friday meet Chinese business leaders and officials to drum up support for Britain's economy ahead of talks with G20 counterparts in Chengdu. ... more
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EU dodges China market status question
The EU said Wednesday it will no longer debate whether or not China's economy is market driven, but will instead focus on new measures to tackle Chinese dumping and illegal subsidies. ... more
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Back to Basics: The HK start-up taking on fashion giants
Luke Grana arrived in Hong Kong with no contacts, cold-calling 'angel investors' he'd found on LinkedIn armed with only his CV, a business plan, and some big ideas to overhaul fashion. ... more
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EU member states approve US data deal
EU member states on Friday approved a highly-criticised deal with the US intended to curb government spying on the personal internet data of EU citizens. ... more
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Telefonica sells China Unicom stake for 322 million euros
Spain's heavily indebted Telefonica said Sunday it had sold a 1.51-percent stake in China Unicom, China's second-biggest telecommunications provider, for 322 million euros ($356 million). ... more
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India's Modi heads to Africa with an eye on China
India's Prime Minister Narendra Modi heads to Africa on Thursday, seeking to boost his country's economic influence in a region long dominated by rival Asian power China. ... more
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EU urges swift ratification of Canada trade deal
The EU Commission on Tuesday urged member states to swiftly ratify the long delayed EU-Canada trade deal, an agreement that is seen by critics as a dangerous model for a much larger deal with the US. ... more
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China cement deal collapses amid oversupply woes
A deal for China's largest cement maker to take over a major rival collapsed after failing to gain government approval, the company said Friday, in a blow to Beijing's pledges to tackle oversupply. ... more
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West China Cement shares plunge following deal collapse
Shares in struggling West China Cement plunged as much as 34 percent Monday after a much-needed merger deal with the country's largest cement maker collapsed last week. ... more
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Scotland's tartan and whisky makers hold breath after Brexit
In the production hall of the world's biggest tartan maker, huge iron spools rotate amid the roar of machines as threads of every colour are pulled together at lightning speed to produce its distinctive weaves. ... more
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Airbnb sues over registration of San Francisco homes
Home sharing site Airbnb is suing San Francisco over a new law requiring that anyone who offers their home through the rental site first register the dwelling with the city. ... more
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Chinese ship inaugurates expanded Panama Canal
A giant Chinese-chartered freighter nudged its way into the expanded Panama Canal on Sunday to mark the completion of nearly a decade of work forecast to boost global trade. ... more
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