New engine passes test and revs up space hopes

A next-generation engine, that will pave the way for lunar exploration, was successfully tested on Sunday. The engine, with a 120-ton-thrust using liquid oxygen (LOX) and kerosene, will enable the Long March 5 carrier rocket - which is expected to make its maiden voyage in 2014 - to place a 25-ton payload into near-Earth orbit, or place a 14-ton payload into geostationary … [Read more...]

China prepares for moon launch with patriotic blast

China readied to launch its first moon orbiter Wednesday accompanied by a blaze of patriotic propaganda celebrating the country's space ambitions and technological prowess. Barring bad weather or technical problems, the Chang'e One orbiter will blast off from the southwest province of Sichuan and then spend more than a year surveying the moon's surface in preparation for an … [Read more...]

China denies firm shipped missile trucks to N.Korea

Beijing said Wednesday Chinese companies were not involved in shipping missile launch vehicles to North Korea last year, denying a Japanese newspaper report that accused it of breaking UN resolutions. A North Korean missile is displayed during a military parade earlier this year in Pyongyang to mark 100 years since the birth of the country's founder Kim Il-Sung. Photo: AFP … [Read more...]

China launches telecommunication satellite

China successfully sent a telecommunication satellite, "ChinaSat 2A," into orbit on Saturday evening, using a Long March-3B carrier rocket launched from the southwestern Xichang Satellite Launch Center. The rocket blasted off at 11:56 p.m. Beijing time. The satellite, developed by China Academy of Space Technology, will be used to meet the demands for China's radio and TV … [Read more...]

China launches new remote-sensing satellite

Source: XinhuaChina successfully launched the remote-sensing satellite Yaogan XIII Thursday (May 10) from Taiyuan Satellite Launch Centre in the northern province of Shanxi, according to a press release from the centre. The satellite was carried into space aboard a Long March 4B carrier rocket which blasted off at 3:06 p.m. Beijing time, according to the centre. The satellite … [Read more...]

N. Korea threatens war, Seoul unveils new missile

North Korea demanded Thursday that South Korea apologise for what it called insults during major anniversary festivities, or face a "sacred war", as Seoul unveiled a new missile to deter its neighbour. North Korea's leader Kim Jong-Un (C) waves at the end of a major military parade to mark 100 years since the birth of the country's founder and his grandfather, … [Read more...]

China to launch natural disaster monitoring satellite

China will launch the first of eight satellites to monitor environment and natural disasters from the countrys north Taiyuan Satellite Launch Centre this week, according to the China Aerospace Science and Technology Corporation (CASC). The satellite "Environment 1", an optical satellite, will be sent into orbit by a Long March 2C carrier, according to local media. It will … [Read more...]

Lockheed, Pentagon reach $4 billion deal for more F-35 jets

A Lockheed Martin F-35B Lightning II joint strike fighter flies toward its new home at Eglin Air Force Base, Florida in this U.S. Air Force picture taken on January 11, 2011. Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on … [Read more...]

Apple’s rivals hope its iWatch makes ‘wearable’ work

Masayoshi Son, president of SoftBank Corp., demonstrates a Fitbit Flex wearable device. Photo: Bloomberg Know what a "Wearable" is? Most top tech executives would struggle to define it. Now they're hoping that Apple will do it for them. Next week, Apple Inc (AAPL.O) is expected to stride into the market for wearable accessories that link wirelessly up to phones and create a … [Read more...]

First domestic exchange-traded fund to track VN30 Index

HCM CITY (VNS) - Fund manager VietFund Management is planning an initial public offering for the country's first domestic exchange-traded fund early in the third quarter, providing investors with a low-cost investment channel to expose to the attractive Vietnamese equity market. An ETF is a fund traded on the stock market. And most ETFs track an index like stock and bond … [Read more...]

Experts back Vietnam as investment location

The Military Bank gives priority to investors interested in long-term partnerships, an official of the bank told participants at Vietnam Investment Forum held in HCM City on June 19. Le Hai, the bank's deputy general director, took questions from foreign investors at the event held by Vietnam Investment Review, which included matters about corporate restructuring and business … [Read more...]

Experts back Viet Nam as investment location

HCM CITY (VNS) — The Military Bank, listed on the HCM Stock Exchange as MBB, gives priority to investors interested in long-term partnerships, an official of the bank told participants at yesterday's Viet Nam Investment Forum held in HCM City. Le Hai, the bank's deputy general director, took questions from foreign investors at the event held by Vietnam Investment Review, which … [Read more...]

Rolls-Royce shares plunge on profit warning

Profit and revenue will flatten for Rolls-Royce this year, as government cutbacks on defence spending ends the company's decade of rampant growth. Rolls-Royce has revealed a 41 per cent slump in annual profits (AFP/Justin Tallis) LONDON: Profit and revenue will flatten for Rolls-Royce this year, the engine maker warned on Thursday, as government cutbacks on defence spending … [Read more...]

Tech firm shares suspended after losses

HCM CITY (VNS)— The HCM City Stock Exchange yesterday announced that trading on the shares of Do Thanh Technology Corp (DTT) will be temporarily suspended from March 19. Earlier, the company announced losses totalling VND3.35 billion ($159,500) over the previous two years. DTT shares finished yesterday's session at just VND6,700 ($0.3).-VNS … [Read more...]

Securities Commission slaps penalties on several businesses

The State Securities Commission of Vietnam (SSC) has fined Mai Nguyen Han VND250 million for controlling share price of Tien Len Steel Group Joint Stock Company (TLH) from April 1 to June 21. SSC also fined Vinacomin Machinery JSC VND70 million, Saigon Telecommunication & Technologies Corp VND60 million, Da Nang Rubber JSC (DRC) VND30 million, March 29 Textile Garment JSC … [Read more...]

International buyers gather at Malaysia’s biggest trade promotion event

About 825 international importers from 608 businesses have joined the Incoming Buying Mission, a preliminary program of International Trade Malaysia 2013 (INTRADE), the biggest trade promotion event of the Southeast Asian region held in the capital city of Kuala Lumpur. The buyers come to INTRADE from 60 countries across the globe, from African to American continents, … [Read more...]

Rolls-Royce abandons engine project with UTC

A Rolls Royce engine on a Boeing 787-9 Dreamliner in Seattle, Washington. (AFP/Stephen Brashear)

Rolls-Royce, the British maker of aircraft engines, said on Thursday that it had agreed with US group United Technologies Corp to abandon their joint project to power mid-size planes, citing regulatory issues. LONDON: Rolls-Royce, the British maker of aircraft engines, said on Thursday that it had agreed with US group United Technologies Corp to abandon their joint project … [Read more...]

Musk shows hyperloop transport design for people to cars

  An image released by Tesla Motors, is a sketch of the Hyperloop capsule with passengers onboard. The Hyperloop is here, in its full, theoretical glory. After keeping the public in suspense for about a year, Elon Musk, the chief executive officer of Tesla Motors Inc. and Space Exploration Technologies Corp., has revealed some concrete details of what he sees as a new, … [Read more...]