Vietnamese inflation slows
Vietnamese inflation slowed to its weakest pace in eight months this month, official data showed yesterday, in the latest sign that the economy is cooling. Consumer prices rose 6.36 percent year-on-year this month, the Government Statistics Office said, slightly down from a 6.61 percent increase last month. Hanoi cut interest rates this month for the eighth time in little more than a year to boost its economy, which fell to a 13-year low of 5.03 percent last year.
French business looking up
French manufacturers turned sharply brighter about their business prospects this month because activity was unexpectedly buoyant and orders were picking up, the latest figures from the national statistics institute INSEE showed yesterday. The index of manufacturing confidence rose by 4 points to 92 points this month from 88 points last month, INSEE figures showed. This took the level of confidence back up to the level of February, but fell short of 100 points, which has been the average since 1976.
ITC clears Xbox 360
The US International Trade Commission (ITC) sided with Microsoft on Thursday in a patent dispute with Google-owned Motorola Mobility that could have barred the imports of Xbox 360 videogame consoles. “The investigation is terminated,” the ITC said in a notice announcing it was rejecting a Motorola Mobility patent complaint dating back to late 2010. Motorola Mobility had argued that Xbox 360 consoles infringed on patent technology for wirelessly transmitting data.
Boeing 787 to fly in China
Chinese regulators have approved the Boeing 787 to fly in the country, a Boeing spokesman said on Thursday, a move that opens up a large potential market to the US aerospace giant. Chinese airlines have yet to take delivery of the 787 Dreamliner, which last month was cleared to return to service after all 50 in use worldwide were grounded in the middle of January following two overheated battery incidents. Air China (中國國際航空) has ordered 15 of the planes, while China Southern Airlines (中國南方航空) and Hainan Airlines (海南航空) have each ordered 10 planes.
Economy sound: Gillard
Australian Prime Minister Julia Gillard yesterday moved to allay fears about the economy, saying it had strong fundamentals, after US carmaker Ford said on Thursday it would stop making vehicles at its unprofitable Australian plants in 2016 and cut 1,200 jobs. Gillard told reporters the Australian economy was in transition as the investment boom in the mining and resources sector wound down, and there would be a loss of jobs as a result.
Yahoo buys PlayerScale
Yahoo pressed on with its shopping spree on Thursday with the acquisition of a startup that powers games played on smartphones, tablets, consoles or PCs. Yahoo confirmed in a statement on Thursday it has bought PlayerScale. Financial terms of the deal were not disclosed. The PlayerScale platform works behind the scenes to handle payments, multi-person play, online chat and other features woven into games played on a broad range of devices.