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Rustbelt China province admits it faked fiscal data

  Bloomberg The rust-belt province of Liaoning fabricated fiscal numbers from 2011 to 2014, local officials have said, raising fresh doubts about the accuracy of China’s economic data just days ahead of the release of the nation’s full-year growth report. City and county governments in the northwestern region committed fiscal data fraud in the period, Governor Chen Qiufa said at ...

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South Korea’s lifelong and conflicted ties with Samsung

  SEOUL / AP The family smartphones? An assortment of Samsung Galaxies. The flat-screen TV that illuminates the living room? A Samsung SUHD, with the brand name sparkling on the nameplate. The maker of the digital toilet seat? You guessed it: Samsung. It’s difficult for people outside South Korea to fully grasp what Samsung, a truly global brand, means inside ...

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Toshiba mulls spinoff of memory-chip business

  Wiesbaden / AFP Toshiba Corp., facing billions of dollars of writeoffs in its nuclear business, is considering spinning off its well-performing flash-memory unit to raise funds. Toshiba is considering an infusion of cash as part of the spinoff, said Kaori Hiraki, a spokeswoman for the Tokyo-based company. While a spinoff is one of the options, nothing has been decided ...

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