US-based warehouse club operator Costco is investing AUD 40million (USD38.7m) in its Australian business this year. The investment comes on top of last year’s AUD100 million (USD96.8m) capital e…
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Nintendo slashes earnings forecast
Nintendo slashed its earnings forecast by more than half on Wednesday after announcing that its 3DS game machine, packed with glasses-free 3D technology, will not be ready to go on sale for Christmas.…
IKEA lifts lid on full-year earnings, eyes S Korea and India
Swedish furniture giant IKEA on Friday released full-year earnings figures for the first time in its history, as it moved to shake off its secretive image.
The company, famous for its low-cost ready-t…
China’s 360buy.com launches advance refund policy
Chinese electronics B2C provider 360buy.com has announced that it has cooperated with the China Consumers’ Association in setting up an advance refund security deposit system for consumers.…
After hitting pre-Ramadan high, Indonesia’s new car sales taper off
Car sales in Indonesia dropped into second gear last month after hitting an all-time high in July, with carmakers saying the decline was to be expected after demand spiked in the month ahead of Ramada…
General Mills joins boycott of shady palm oil
General Mills last week became the latest company to declare it would only buy palm oil produced through environmentally and socially responsible means. The company, which produces popular brands incl…
Ben & Jerry’s taking “All-Natural” label off products
Ben & Jerry’s on Monday announced that they will drop the "All-Natural" label from their products.
The US-based ice cream maker received requests from the health advocacy group Cen…
China Airlines to pay USD40m fine for fixing air-cargo prices
China Airlines is to plead guilty and pay a USD40 million fine for its role in fixing air-cargo prices, the US Department of Justice has said.
The Taiwan-based airline conspired to fix air-cargo rates…
Japan automakers see robust output gains in August
Japanese automakers logged robust production growth in August, as demand held firm despite emerging signs of a cooling global economy.
Toyota Motor Corp., the world’s largest automaker, said glo…
Taiwan’s Synnex to establish six operating centres in China
Taiwan-base channel retailer Synnex Technology International has announced it will invest USD23 million to establish six operating centres in China to strengthen its channel line-up in the country.
Th…