Business Insights

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Latest Business Insights

Beckham begins role as Chinese football ambassador

David Beckham has arrived in Beijing to begin his new role as a special ambassador for Chinese football, according to reports.

By Editorial Team

VW recalls 384,000 cars in China

China's quality watchdog the General Administration of Quality Supervision, Inspection and Quarantine of China has said in a statement on its website that carmaker Volkswagen AG will recall 384,181 vehicles in the country to fix a long-standing gearbox problem.

By Editorial Team

The end of ‘marmaggedon’ – Kiwis welcome back Marmite

Sanitarium, the company which produces the savoury spread, suffered significant damage to its only marmite factory during the Christchurch earthquake in 2011. Stocks diminished and the media dubbed the shortage ‘marmageddon’.

By Editorial Team

Euro ministers urge Cyprus rethink

Eurozone finance ministers have asked Cyprus to rethink plans for a one-off tax of 6.75 percent on savings of up to 100,000 euros

By Editorial Team

Fukushima plant hit by power failure

Japan’s tsunami-hit Fukushima nuclear plant has been hit by a power failure, affecting its cooling systems for spent fuel ponds.

By Editorial Team

India cuts interest rate

India’s reserve bank has lowered its benchmark repo rate, the rate at which it lends to commercial banks, by 25 basis points in a bid to jumpstart the country’s economy.

By Editorial Team

Airbus wins record order from Indonesia’s Air Lion

European plane maker Airbus has announced it has received a record order from Indonesia's Lion Air for 234 medium-haul A320 jets.

By Editorial Team

Tokyo stocks dive on Cyprus bailout

Tokyo stocks fell 2.71 percent at the close Monday after the yen soared on news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.

By Editorial Team

Lego to build factory in China

Danish toy maker Lego has announced plans to build its own factory in China to serve the rapidly growing Asian market.

By Editorial Team

Kuroda named BOJ governor

Haruhiko Kuroda is the new governor of the Bank of Japan (BoJ), after Japan’s parliament approved his appointment.

By Editorial Team