Global and China News

Strong demand for the iPhone 6 boosts Taiwanese exports orders

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Booming shipments of the iPhone 6 helped Taiwan's export orders jump 12.7 percent in September year-on-year to a record US$43.3 billion, the government said Monday.

Chunghwa forecasting delayed profitability for Taiwan's 4G business

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Chunghwa Telecom (中華電信), Taiwan's largest mobile operator, aimed to grab a 40 percent market share of 4G broadband service but forecast that it will take much longer to turn profitable compared to the 3G sector.

IBM set to pay US$1.5 bil. to shed its costly chip division

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - IBM will pay US$1.5 billion to Globalfoundries in order to shed its costly chip division.

Shanghai FTZ attracts FDI of US$270 mil. from Taiwan

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - The Shanghai Free Trade Zone (FTZ, 上海自由貿易試驗區) has attracted 157 Taiwan enterprises with a total gross registered capital of US$270 million, a mainland official said recently.

Local shares rebound; greenback ends lower at NT$30.415 on forex

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Shares in Taiwan staged a strong rebound Monday following a rally on Wall Street last Friday, while the greenback lost NT$0.006 to close at NT$30.415.

Taiwanese cultural and creative products showcased at Thai fair

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - A Taiwan pavilion showcasing cultural and creative products from the country is being organized for the first time at the Bangkok International Gift Fair and Bangkok International Houseware Fair (BIG+BIH Fair), which opened last Sunday in Thailand.

Foreign investors oversell net NT$26 billion in local shares

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - The Taiwan Stock Exchange (台灣證券交易所) on Monday said foreign investors last week sold a net NT$25.99 billion in local shares, compared to NT$9.58 billion a week earlier.

Asustek sees biggest Q3 gains in Asia-Pacific PC market

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Taiwan's Asustek Computer Inc. (華碩電腦) has won more ground in the Asia-Pacific personal computer market in the third quarter on the back of entry-level notebooks, tech research firm IDC said in a report on Monday.

Another strike in Germany as pilots follow rail workers' suit

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - A leading German pilots' union called a new 35-hour walkout at Lufthansa on Monday in an ongoing dispute over retirement benefits after a weekend of train strikes.

Australian property loans expected to hold up

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Australian banks' confidence in the investor property market is a sign that property loans are expected to hold up for a while more.

British economic growth to slow, says leading forecaster

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - The British economy will slow down sharply next year due to political uncertainty and a potential referendum on membership of the EU, a leading forecaster said on Monday.

German retail giant Metro AG reports 4 percent fall in sales to 64 bil. euros

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - German retail giant Metro AG on Monday reported a four-percent decline in its yearly sales to 63 billion euros (US$80 billion), largely because of a strong euro and divestments.

Investor consortium expresses interest in buying Reebok from Adidas: report

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - A consortium of investors from Hong Kong and Abu Dhabi is interested in buying the Reebok brand from Adidas for 1.7 billion euros (US$2.2 billion), The Wall Street Journal reported Sunday.

Japan leads Asian stocks higher after US rebound

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Asian stock markets rose Monday, led by a 4 percent surge in Japan, after Wall Street's rebound eased nerves about the outlook for the world economy and investors looked ahead to a report on China's economic growth.

US dollar up in Asian trade as stock markets rally worldwide

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - The dollar strengthened against the euro and yen in Asia on Monday, in line with a regional equities rally after a surge on Wall Street at the end of last week.

Oil prices rise further after gains in Asia

(Tue, 21 Oct 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Oil prices rose in Asia Monday, lifted by a surge in equities following last week's sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market.

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