The Sharp Corp. board on Thursday approved a plan for Apple Inc.’s main iPhone assembler Foxconn to buy the troubled Japanese electronics giant for roughly $5.9 billion. Here are five reasons why Taiwan-based Foxconn is buying Sharp.
Oil prices may have rallied on a new International Energy Agency forecast for demand to erode the excess supply next year and hopes exporters will soon agree to tighten the spigots, but producers shouldn’t get too excited.
Japanese auto giant Nissan will build its first car assembly plant in Myanmar this year, according to Nissan's statement Thursday.
In China's southern manufacturing hub Dongguan, a shoe factory is shutting down and laying off 1,900 employees.
Australia's largest gold producer Newcrest Mining Ltd on Thursday reported second quarter production rose 6.3 percent on increases at its Papua New Guinea and Western Australia state's Pilbara mines.
BHP Billiton on Wednesday said it sees no recovery in key iron ore or coal prices, unlike copper and oil, as the company downgrades its full year iron ore production while fighting to maintain its investment grade credit rating.
Nearly 150 garment and footwear factories in Cambodia have shut down this year, while more than 50 new ones opened, local media reported on Monday, citing a report of the Commerce Ministry.
Corruption that leads to accidents should be subject to harsher penalties, according to a new judicial interpretation on endangering production safety.
Myanmar Constructors Association and Japan-Myanmar Association for Industry of Housing and Urban Development will cooperate in housing development, production of building, materials and construction sector, according to the association Tuesday.
China's steel production capacity is likely to peak in 2016 as capacity is eliminated, gradually outpacing additions, Fitch Ratings has predicted.
China's automobile production and sales continued year-on-year drops for a fourth month in August on weak demand, an industry association said Thursday.
Taiwan's nominal GDP expanded 0.64 percent in the second quarter of 2015 year on year, far below the official projection of 3.05 percent, the island's statistics agency said on Friday.
Production capacity cooperation has increasingly shown up as a new "business card" of Chinese Premier Li Keqiang.
Visiting Chinese Premier Li Keqiang on Wednesday encouraged Chinese and Brazilian enterprises to cooperate with each other in production capacity and equipment manufacturing in a bid to achieve mutual benefit.
Oil prices dropped Wednesday as U. S. crude production rose last week.
High quality, modern production and food safety are China's top agricultural development priorities this year and achieving them could be as simple as creating a brand, according to some agribusiness giants.
The reputation of China's domestic dairy industry has been badly damaged by production-related scandals and despite demand, farmers have turned to dumping milk and slaughtering cows to cut their losses.
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