Samsung turns to components for profits

Pushing for sales of the stuff inside your smartphone. South Korean electronics giant Samsung is looking for new ways to bring in the big money after a painful profits slump. The company is opening Feb 10, 2015

India expects more than 600 global armament majors at defence exhibition

New Delhi, Feb 10 (ANI): India is expecting participation of more than 600 global armament majors at the five-day defence exhibition, showing their state-of-art-technology, said an official. Prime Minister Narendra Modi will inaugurate Aero-India 2015, one of the largest premium air shows in Asia, in Bengaluru city on February 18 with aim to attract investment in the country. Modi's 'Make in India' initiative is the major theme for the exhibition. The initiative has been launched to boost industrial production by inviting foreign as well as domestic investment and cutting red tape. The biennial Aero-India, which began in 1996, has become a major platform for armament giants to initiate defence deals. Feb 10, 2015
methodology-change-sees-indian-economy-grow-faster-than-chinas

Methodology change sees Indian economy grow faster than China's

New Delhi, Feb 10 (ANI): India forecasted that annual economic growth would accelerate to 7.4 percent in the year ending in March after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. The statistical recovery is in large measure due to changes both in the way authorities calculate gross domestic product (GDP) and the base year. The new estimate is sharply higher than the Reserve Bank of India's (RBI) growth projection of around 5.5 percent for the year under the old method. It marks a dramatic turnaround for an economy that a fortnight ago was assumed to be struggling to gain momentum under Prime Minister Narendra Modi's reform-minded government. India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes. The base year has been shifted to 2011/12 from 2004/05 earlier. Feb 10, 2015
dongfeng-taste-success-on-home-waters

Dongfeng taste success on home waters

Dongfeng Race Team take in-port honours in Chinese city of Sanya during latest action from Volvo Ocean Race SHOWS: SANYA, CHINA (FEBRUARY 7, 2015) (VOLVO OCEAN RACE VNR - EDITORIAL USE ONLY) 1. Feb 9, 2015
chinese-trade-in-steep-slide

Chinese trade in steep slide

Gearing up to ring in the year of the sheep. But beneath the celebrations, China's economic worries are growing. Foreign trade, one of the key drivers of its mammoth economy, has taken a nosedive. Feb 9, 2015
search-continues-for-missing-transasia-crash-victims

Search continues for missing TransAsia crash victims

The search continued Monday for three people still missing after last week's crash of TransAsia flight 235 into a river in Taipei. Forty bodies have been recovered. Fifteen people survived the crash. Feb 9, 2015
asia-markets-wobble-on-china-trade-u-s-jobs

Asia markets wobble on China trade, U.S. jobs

Asian markets start the week on a mixed footing. Strong jobs data out of the U.S. raising hopes while weak economic data out of the China causes worry. That combination led to patchy trade across Feb 9, 2015