Nordic News, Business and Life in Asia
China’s Geely Automobile Holdings Ltd (Owner of Swedish Volvo) announced that it will raise $153.8 million through a corporate bond sale aimed at repaying its bank loans and supplementing the operating …
Geely’s Liabilities Surge to $153.8 million Read MoreWhite-collar staff at cash-strapped Swedish carmaker Saab Automobile will not receive their salaries due on Wednesday, the firm has confirmed in a statement. The firm explained that the reason for …
No Payments to White-collar Workers at SaaB Read MoreMalaysia’s Defence Ministry is looking into purchasing Typhoon fighter jets, but Among the alternatives are Sweden’s JAS-39 Gripen and further acquisitions of the Russian Su-30 MKM, Dr Ahmad Zahid. said. reports the …
JAS-39 Gripen Still Among the Alternatives in Malaysia Read MoreThis may come as a surprise: Chinese consumers are often more willing to drop a huge chunk of money on fashion—especially Western brands—than consumers in the US and Europe. When …
Fashion-Hungry Chinese Market Expected to Triple by 2020 Read MoreThe office of Commercial Affairs, Royal Thai Embassy is introducing new trade opportunities in Asia, Thailand official B2B E-Marketplace website: www.thaitrade.com, that makes it easy for importers and exporters to …
New Official B2B E-Marketplace Website Read MoreA supplier to Saab subsidiary Saab Automobile Tools has applied for the firm to be declared banktupt, according to a Reuters report. An official at Vänersborg District Court in western …
Supplier Applies for Saab Subsidiary Bankruptcy Read MoreEricsson AB, the world’s largest maker of wireless networks, reported a 66 percent increase in second-quarter profit, missing analysts’ estimates, on costs related to job cuts and slower services growth. …
Ericsson Second-Quarter Net Misses Estimates on Job-Cut Costs Read MoreOne by one, Yan Chornai’s co-workers slumped to the floor of their garment factory in Cambodia’s capital, while producing H&M goods overcome by the sweltering heat, long shifts and choking …
Factory Faintings Put H&M Under Pressure Read MoreSuppliers to cash-strapped Swedish car maker Saab have tired of the ongoing financing uncertainty and have sought direct contact with Russian financier and would-be Saab investor Vladimir Antonov. The Saab …
Saab Suppliers Seek Antonov Contact Read MoreDuring the summer, a scandal has rolled up involving a Swedish authority, a law firm, and a company that lure Chinese people to Sweden with false work permits. Up to …
Chinese Lured to Sweden With False Work Permits Read More