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Suntech Power Holdings Co. Ltd. and First Solar Inc., the world's top solar panel suppliers, warned Monday that potential cuts in European government subsidies for solar power could lead to both lower demand and prices for their products, a combination that could hit their bottom lines.
Wall Street Journal
The operator of Japan's crippled Fukushima Daiichi nuclear plant has asked the government for help compensating victims of the crisis.
BBC News
Reuters Africa
Japan's parliament has passed a JPY4 trillion (US$49 billion) emergency budget for reconstruction following the 11 March earthquake and tsunami.
BBC News
Chairman Ben Bernanke said he expected growth for 2011 to be between 3.1% and 3.3%, compared with the previous forecast of 3.4-3.9%. He also hinted the Fed would not pump more money into the economy after June.
BBC News
Like the oil spike that roiled markets in recent weeks, Friday's quake offers yet another reminder of how vulnerable aging, slow-growing, debt-burdened economies are to a shock even in what is supposed to be a period of global economic expansion.
Fortune
Chinese companies will be allowed to buy a stake of as much as 10% in Taiwanese technology companies, according to a proposal by the Ministry of Economic Affairs.
BBC News
Germany's planned cuts to subsidies for photovoltaic solar energy installations could take effect as early as July, people familiar with the matter have said.
NASDAQ.com
Two investment funds backed by the Chinese government are accelerating their purchases of stakes in major Japanese listed firms, with their total market value surging 10-fold to 1.5 trillion yen (US$18 billion) in less than two years, a recent study showed.
Japan Today
Theoretically, that makes sense: The more dollars in the economy, the less valuable the currency. But from what we've seen - at least so far - the critics are wrong. The greenback's gains have been surprisingly good recently.
Fortune
The Semiconductor Research Corp. (SRC) has announced it is extending its university research partnership to serve the needs of technology ecosystem in Abu Dhabi. Under the agreement SRC member companies will conduct research sponsored by the Advanced Technology Investment Company (ATIC), the parent of Globalfoundries.
EE Times
Another source familiar with the situation said the money would likely be used to expand capacity at the company's Beijing plant, specifically to quickly ramp-up production of chips using 65nm technology.
Reuters
The world's major industrial economies can't all export their way to prosperity.
Business Week
But analysts called the measures too timid in the face of the problems plaguing Japan's export-oriented economy.
New York Times
SMIC, China's largest foundry chipmaker, is close to receiving tens of millions of dollars from the China government in a move that could help its earnings this year.
Reuters
There have been a number of positive developments regarding wage growth and government stimulus that will help move China forward towards a more consumption-oriented economy. But keep in mind that China is a save-first economy, so 20-25% wage inflation doesn't instantly equal 20-25% more consumer spending.
CNNMoney
Korea Finance, a state-run financing group, plans to provide more than US$80bn in policy loans over the next five years to support Seoul's push into strategic industries such as renewable energy and nuclear power plants.
The Financial Times
China's economy accelerated more than expected in the first quarter, while consumer and wholesale inflation - though mixed - indicated a broadly rising trend, stoking further concerns of economic overheating in the economy.
Marketwatch.com (Dow Jones)
South Korea plans to invest 60 billion won (US$54 million) until 2015 to build up its analog chip industry to help local companies expand their presence in the global semiconductor market, according to the government.
Telecoms Korea
Renewable energy investment may rise by 23% this year as government stimulus funds mainly in the US and Europe are spent wind turbines and solar panels.
Business Week
Applied Materials has ramped up its lobbying effort during the last three months of 2009, spending close to a half-million dollars trying to sway lawmakers on energy policy and other issues.
Business Week
Anyone who buys an electric car will be able to take advantage of a subsidy of up to 5,000 pounds (US$7,684) under plans to be set out by the government.
The Financial Times
Sharp's solar business is on track to turn its first annual profit as the company looks to expand production and forge partnerships with corporations worldwide to expand the use of solar power generation.
PC World
A homeowner could earn up to 900 pounds (US$1,433) each year for a typical 2.5 kilowatt solar PV system and save an additional 140 pounds on their annual electricity bill, according to an announcement by the UK's Department of Energy and Climate Change.
USA Today
India has seen how the Gulf state of Abu Dhabi has, with a budget of US$10 billion, set about manouvering its way into a key place in the semiconductor industry with the creation of Globalfoundries.
EE Times
China has said its economy expanded by 8.7% in 2009, exceeding even the government's own initial expectations.
BBC News
"China's exports largely consist of low-value everyday goods like cheap electrical appliances and textiles - but that's a long way from where it wants to be..."
BBC News
China's exports probably ended a 13-month slide in December, aiding an economic rebound that has so far depended on government stimulus measures and a credit-fueled building boom.
Business Week
A recent research by SEMI indicates China is committed to narrow the gap between its IC production and consumption. "In addition to investments in the macro economy, the Chinese government also remains the biggest investor in the semiconductor industry in China..."
EETimes Europe
China streaked ahead of its western and Asian rivals at the weekend by unveiling the world's fastest long-distance passenger train service. The improvement illustrates how China's huge investment in infrastructure is dramatically shrinking the country.
The Financial Times
Beijing's top negotiator for Taiwan and his Taiwanese counterpart have signed a series of business accords, and said agreements on free trade and IP rights would be negotiated in talks slated for the first half of 2010. Critics fear that the move will eventually lead to unification with the Chinese mainland.
Washington Post
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