Asia Business

Thai junta approves $23bn plan for high-speed rail links to China

By Wed, Jul 30, 2014 6:27PM UTC Thai junta approves $23bn plan for high-speed rail links to China

BANGKOK (AP) — Thailand’s military government approved a massive budget to upgrade the country’s railways including high-speed rail that would eventually link with China. Transport Ministry permanent secretary Soithip Traisuth says the junta approved 741.46 billion baht ($23.3 billion) to build two high-speed train routes. Similar plans by the government

Nintendo reports heavy losses amid lagging Wii U sales

By Wed, Jul 30, 2014 4:54PM UTC Pic: AP.

TOKYO (AP) — Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U video-game machine sales.

Indian online retailer Flipkart raises $1 billion in new capital

By Wed, Jul 30, 2014 4:22PM UTC Pic: AP.

MUMBAI, India (AP) — India’s largest online e-commerce company, Flipkart, says it has raised $1 billion in new capital as the company gears up for competition with Amazon’s push into the Indian market.

Toyota tops global sales for first half of 2014

By Wed, Jul 30, 2014 11:15AM UTC Pic: AP.

TOKYO (AP) — Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.

McDonald’s Japan strengthens checks on chicken, offers tofu McNuggets

By Wed, Jul 30, 2014 10:09AM UTC McDonald’s Japan strengthens checks on chicken, offers tofu McNuggets

McDonald’s in Japan has said it is toughening checks on chicken from China and Thailand following a sharp drop in sales after a Chinese supplier was accused of selling expired chicken.

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