Infiniti unveiled in China
Nissan Motor yesterday unveiled its Infiniti luxury brand in China ahead of its official launch next year. Two models will be sold initially, a sedan and a sports utility vehicle, Nissan said, without providing sales forecasts. The cars will be made in Japan, it added. "The overall [China] market is becoming more mature and diversified and the luxury segment is no exception," Yukihisa Kayashima, president of Nissan (China) Investment Co Ltd, said.
Court rejects arrest request
The Seoul Central District Court yesterday refused to issue arrest warrants for two US executives of a Texas-based investment fund, telling prosecutors it needs more evidence of their alleged stock manipulation. The court refused to allow prosecutors to detain Lone Star vice chairman Ellis Short and general counsel Michael Thompson. It also refused to issue a warrant for Yoo Hoe-won, current head of the firm's local unit, Lone Star Advisers Korea. However, it authorized an arrest warrant for the former head of the Korean unit Steven Lee, Yonhap news agency reported.
Microsoft, Novell team up
Longtime US computer software rivals Microsoft Corp and Novell Inc unveiled an alliance on Thursday to make their competing programs interoperable. The alliance was devoted to "building a bridge" between Microsoft's patent-protected software and Novell programs based on the free, open-source Linux operating system, the firms said. Financial terms were not disclosed. But Novell chief executive Ron Hovsepiann said Microsoft committed "a significant amount of money" to the alliance.
CLOSE ENCOUNTERS: Several of the PLA fighter jets that crossed the median line of the Strait came within 68km of Hsinchu, drawing warnings from Taiwan, the ministry said At least 18 Chinese military aircraft yesterday flew into the nation’s air defense identification zone (ADIZ) on the second day of a US delegation’s visit, the Ministry of National Defense said, adding that the military responded by deploying an air defense missile system to monitor their activities. A delegation led by US Undersecretary of State for Economic Growth, Energy and the Environment Keith Krach on Thursday started a three-day visit to Taiwan. The ministry from Thursday started publicizing the actions of the Chinese People’s Liberation Army (PLA) in Taiwan’s ADIZ on its Web site and Twitter. According to ministry reports, 18 PLA aircraft
TWO CASES: The five allegedly conspired with conglomerates, threatening the nation’s governance and subverting the rules of ethical conduct, a deputy chief prosecutor said Taipei prosecutors yesterday charged three legislators and one former lawmaker with contravening the Anti-Corruption Act (貪污治罪條例) in a case linked to former Pacific Distribution Investment Co (太平洋流通) chairman Lee Heng-lung’s (李恆隆) battle with the Far Eastern Group (遠東集團) over ownership of the Pacific SOGO Department Store (太平洋崇光百貨) chain, while independent Legislator Chao Cheng-yu (趙正宇) was indicted in a separate case involving two funeral services companies and a plot of land in a national park. Chinese Nationalist Party (KMT) legislators Chen Chao-ming (陳超明) and Sufin Siluko (廖國棟), Democratic Progressive Party (DPP) Legislator Su Chen-ching (蘇震清) and former New Power Party legislator
PENGHU INSPECTION: Taiwan cannot let its enemies strut around in its airspace, Tsai said, one day after a Chinese spokesman denied a median line exists in the Taiwan Strait Following China’s assertion on Monday that there is no “median line” in the Taiwan Strait, President Tsai Ing-wen (蔡英文) yesterday pledged to defend the nation’s airspace during a visit to an air force base in Penghu, saying that Taiwan cannot allow others to flex their military muscle in its territorial airspace. Tsai praised the “heroic performance” of the pilots of the Indigenous Defense Fighters who have been intercepting Chinese People’s Liberation Army Air Force planes in recent days. “I have a lot of confidence in you. As soldiers of the Republic of China [ROC], how could we let enemies strut
Swedish Member of Parliament Hampus Hagman is pushing for changing the name of the nation’s trade office in Taipei to signal improved relations with “Asia’s perhaps foremost democracy.” Hagman on Wednesday last week proposed renaming the Swedish Trade and Invest Council to “Sweden’s Office in Taipei,” following similar changes by other nations. The Swedish Trade and Invest Council, part of Business Sweden, is owned by the Swedish government and Swedish industry. Taiwan and Sweden share important values such as respect for democracy, human rights, the rule of law and freedom of speech, Hagman said in the motion, adding that the two nations