IMF says China needs ‘greater flexibility’ in exchange rate policy China's currency is widely seen as undervalued and the country was accused of suppressing the yuan in order to boost exports.
Samsung kicks off construction of new chip plant Production at the 2.89 million square-meter plant will begin in the latter half of 2017, Samsung said in a statement.
Nintendo forecasts double annual operating profit "A new source of revenue is expected from a gaming application for smart devices which will be released this year," Nintendo said.
Siemens plans to cut further 4,500 jobs worldwide The company didn't give a timeframe for the new round of cuts. Siemens had 341,000 employees at the end of last year.