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Chimei Innolux to reschedule NT$200 bil. in loans

(ChinaPost.com.tw) - Chimei Innolux Corp. (CMI,奇美電子), a leading local maker of TFT-LCD panels, yesterday won an official agreement from a lending consortium to reschedule the repayment of

China tells military to ignore rumours, obey party

(ChinaPost.com.tw) - China's top military newspaper told troops on Friday to ignore rumours on the Internet and steel themselves for "ideological struggle" as the ruling Communist Party faces a

TAIEX tumbles NT$700 billion in three sessions

(ChinaPost.com.tw) - The aggregate market value of all the shares listed on the Taiwan Stock Exchange shrank by NT$700 billion as a result of the weighted share price index plunging in the past three

Two separate figures show US jobless claims at four-year low

(ChinaPost.com.tw) - The number of people seeking U.S. unemployment benefits fell to a four-year low last week, as layoffs slow and the job market strengthens.

Greek pensioner left note of economic despair

(ChinaPost.com.tw) - A retired pharmacist who shocked Greece by shooting himself dead on Athens' busiest square in protest over the country's economic crisis left a suicide note lamenting poverty and

Nokia Siemens Networks Cuts 350 Employees In China

Nokia Siemens Networks has confirmed to local media that it will cut 350 employees in China. In November 2011, Nokia Siemens Networks announced that it would cut 17,000 employees worldwide before the

China adds 6 ethnic Uighurs to its terrorist list

China's Ministry of Public Security has added six men to its list of terrorists, accusing them of being behind terrorist activities in the far west region of Xinjiang.

China to send tourists to Xisha Islands

China is going to open its Xisha Islands to tourists in a bid to reassert its sovereignty over a scattering of islands and reefs in the South China Sea.

China Prepares to Break Big-Bank Monopoly: Wen

China has to break the monopoly held by giant state-owned banks to help smaller companies secure loans, premier Wen Jiabao argued.

China's Hawaii to Face Hotel Slump as Supply Triples

China 's resort city of Sanya is expected to face a "huge correction" in its hotel market in the next two years as the supply of luxury accommodation triples by early 2013, the head of its tourism