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Asian Business Headlines at 10:44 p...

Asian Business Headlines at 10:44 p.m. GMT

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Chinese billionaire convicted in United Nations bribery case

Thu, 27 Jul 2017 22:43:48 GMT2017-07-27T22:43:48Z

NEW YORK (AP) -- A Chinese billionaire who wanted to build a United Nations center in Macau was convicted on Thursday of paying more than $1.7 million in bribes to U.N. ambassadors to get it done....

Samsung poised to unseat Intel as king of microchips

Thu, 27 Jul 2017 10:36:22 GMT2017-07-27T10:36:22Z

SEOUL, South Korea (AP) -- Intel's more than two decade-long reign as the king of the silicon-based semiconductor is poised to end Thursday when South Korea's Samsung Electronics elbows the U.S. manufacturer aside to become the leading maker of computer chips....

Rust Belt Wisconsin looks to fill high-skill jobs at Foxconn

Thu, 27 Jul 2017 22:14:43 GMT2017-07-27T22:14:43Z

MILWAUKEE (AP) -- A Rust Belt state that built a manufacturing legacy through assembly-line jobs will have to quickly transition to a more highly skilled workforce now that Foxconn has selected Wisconsin as the site of its coveted U.S. electronics plant....

Scaramucci reports more than $50m in assets

Thu, 27 Jul 2017 21:20:10 GMT2017-07-27T21:20:10Z

NEW YORK (AP) -- He vows to be a fresh voice in the Trump administration, but in one way he is like many of the others: He is wealthy, with a vast and complicated array of assets....

N. Korea mysteriously nixes beer fest, but unveils new brew

Thu, 27 Jul 2017 02:39:25 GMT2017-07-27T02:39:25Z

PYONGYANG, North Korea (AP) -- North Korea has suddenly canceled a popular monthlong beer festival, but people won't be going thirsty in a country where brews are cheap and carry the ruling family's seal of approval....

Branson sells stake in Virgin Atlantic in broader tie-up

Thu, 27 Jul 2017 17:45:47 GMT2017-07-27T17:45:47Z

LONDON (AP) -- Richard Branson is selling his majority stake in Virgin Atlantic....

Falling tech stocks pull US indexes off their record highs

Thu, 27 Jul 2017 20:56:06 GMT2017-07-27T20:56:06Z

NEW YORK (AP) -- U.S. stock indexes pulled back from their record highs Thursday after an afternoon swoon for technology companies helped overshadow another big day for telecoms....

China police detain Ponzi scheme suspects after rare protest

Thu, 27 Jul 2017 09:36:21 GMT2017-07-27T09:36:21Z

BEIJING (AP) -- Beijing police have detained 67 people involved in a suspected pyramid scheme after its members held a rare, large-scale demonstration in China's capital this week to protest the government's investigation....

Amazon and Foxconn reflect a growing trend: Deliver it now

Thu, 27 Jul 2017 07:16:36 GMT2017-07-27T07:16:36Z

WASHINGTON (AP) -- In today's economy, speed is everything....

Foxconn: World's No. 1 contract electronics maker

Thu, 27 Jul 2017 08:13:11 GMT2017-07-27T08:13:11Z

HONG KONG (AP) -- Taiwan-based contract manufacturer Foxconn Technology Group says it plans to build a $10 billion plant in Wisconsin to make liquid-crystal display panels, or LCDs. Little known to consumers, the maker of iPhones and other gadgets is a giant in the electronics industry thanks to its dominant position in the global manufacturing supply chain....