Tokyo / Bloomberg Sharp Corp. is facing a potential cash crunch at the end of this month as talks drag on with Foxconn Technology Group for a rescue deal that would inject billions of dollars in new capital into the struggling Japanese electronics maker. Sharp has 510 billion yen ($4.5 billion) in credit lines and loans that are set to ...

Beijing / AFP Manufacturing activity in China shrank at its fastest rate in four years in February, government data showed Tuesday, a fresh sign of sustained weakness in the world’s second-largest economy. The official Purchasing Managers’ Index (PMI), which tracks activity in factories and workshops, fell to 49.0 last month, figures from the National Bureau of Statistics (NBS) showed. It ...

Bangkok / AFP A Thai tuna processing factory has agreed to pay staff $1.3 million compensation for a litany of labour abuses, an official said on Tuesday, a rare victory for migrant workers in the kingdom’s scandal-stricken seafood industry. Hundreds of Myanmar labourers at Golden Prize Tuna Canning, a processing plant in Samut Sakhon that sells fish to markets around ...